BUSINESS CONTINUITY PRINCIPLES Sample Clauses

BUSINESS CONTINUITY PRINCIPLES. 1. At all times during the Term, Supplier will maintain and adequately support a business continuity program that is designed to minimize an interruption and recover of all material business functions needed to meet Supplier’s obligations under the Agreement, in accordance with Section A of the Schedule (the “Business Continuity Plan”). Supplier will, at its own expense, maintain (update and test the Business Continuity Plan on a regular basis, no less than once in every [***]) and implement any reasonable precautionary actions which Supplier is required to undertake under the Business Continuity Plan. Any material proposed changes to the Business Continuity Plan will be subject to prior approval of Bank, provided that any amendments to the Business Continuity Plan will provide at least the same level of business continuity as the then current Business Continuity Plan (taking into consideration, without limitation, any need for multiple business continuity sites from which the Services are to be provided so as not to increase the likely risk to Bank related to the provision of the Services following any implementation of the Business Continuity Plan). 2. Each party will notify the other party as soon as reasonably possible if it believes that there has been, or is likely to be, a material disruption to business continuity that requires the implementation of the Business Continuity Plan. The parties will then immediately implement the Business Continuity Plan and Supplier will perform its obligations as set out in the Business Continuity Plan. 3. Upon the occurrence of any disaster requiring use of the Business Continuity Plan, Supplier shall promptly notify Bank of the same, and Supplier shall provide to Bank equal access as Supplier’s other customers in the provision of the products or Services contemplated by this Agreement.