Common use of Business Continuity Planning Clause in Contracts

Business Continuity Planning. Each Servicing Party shall adhere to Business Continuity Planning Policy of DFS and the Business Continuity Planning program maintained in accordance therewith. In the event of a business interruption, in addition to performing recovery actions in accordance with the Business Continuity Planning program, a Servicing Party shall immediately notify the Parties to which it is providing Services of the nature and extent of the interruption and the location of any recovery center to the extent applicable. Except as may be provided in Section 7 below, the occurrence of a business interruption event shall not relieve a Servicing Party of its obligation to perform the Services in accordance with the terms hereof.

Appears in 5 contracts

Samples: Master Services Agreement, Master Services Agreement, Master Services Agreement (Discover Funding LLC)

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