Common use of Business Continuity Clause in Contracts

Business Continuity. The Transfer Agent will maintain a comprehensive business continuity plan and will provide an executive summary of such plan upon reasonable request of the Fund. The Transfer Agent will test the adequacy of its business continuity plan at least annually and upon request, the Fund may participate in such test. Upon request by the Fund, the Transfer Agent will provide the Fund with a letter assessing the most recent business continuity test results. In the event of a business disruption that materially impacts the Transfer Agent’s provision of services under this Agreement, the Transfer Agent will promptly notify the Fund of the disruption and the steps being implemented under the business continuity plan.

Appears in 71 contracts

Samples: Transfer Agency and Service Agreement (Morgan Stanley Institutional Fund Inc), Transfer Agency and Service Agreement (Calvert World Values Fund Inc), Transfer Agency and Service Agreement (Morgan Stanley Institutional Fund Inc)

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Business Continuity. The Transfer Agent will maintain a comprehensive business continuity plan and will provide an executive summary of such plan upon reasonable request of the FundTrust. The Transfer Agent will test the adequacy of its business continuity plan at least annually and upon request, the Fund Trust may participate in such test. Upon request by the FundTrust, the Transfer Agent will provide the Fund Trust with a letter assessing the most recent business continuity test results. In the event of a business disruption that materially impacts the Transfer Agent’s provision of services under this Agreement, the Transfer Agent will promptly notify the Fund Trust of the disruption and the steps being implemented under the business continuity plan.

Appears in 9 contracts

Samples: Transfer Agency and Service Agreement (Allspring Variable Trust), Transfer Agency and Service Agreement (Allspring Funds Trust), Transfer Agency and Service Agreement (Allspring Variable Trust)

Business Continuity. The Transfer Agent will maintain a comprehensive business continuity plan and will provide an executive summary of such plan upon reasonable request of the Fund. The Transfer Agent will test the adequacy of its business continuity plan at least annually and upon request, the Fund may participate in such test. Upon request by the Fund, the Transfer Agent will provide the Fund with a letter assessing the most recent business continuity test results. In the event of a business disruption that materially impacts the Transfer Agent’s provision of services under this Agreement, ; the Transfer Agent will promptly notify the Fund of the disruption and the steps being implemented under the business continuity plan.

Appears in 6 contracts

Samples: Transfer Agency and Service Agreement (Nuveen Investment Trust Iii), Transfer Agency and Service Agreement (Nuveen Investment Funds Inc), Transfer Agency and Service Agreement (Nuveen Municipal Trust/Ma)

Business Continuity. The Transfer Agent will maintain a comprehensive business continuity plan and will provide an executive summary of such plan upon reasonable request of the Fund. The Transfer Agent will test the adequacy of its business continuity plan at least annually and upon request, the Fund may participate in such test. Upon request by the Fund, the Transfer Agent will provide the Fund with a letter assessing the most recent business continuity test results. In the event of a business disruption that materially impacts the Transfer Agent’s 's provision of services under this Agreement, the Transfer Agent will promptly notify the Fund of the disruption and the steps being implemented under the business continuity plan.

Appears in 3 contracts

Samples: Transfer Agency and Service Agreement (Japan Fund Inc), Transfer Agency and Service Agreement (CGM Trust), Transfer Agency and Service Agreement (Gabelli SRI Fund, Inc.)

Business Continuity. The Transfer Agent will maintain a comprehensive business continuity plan and will provide an executive summary of such plan upon reasonable request of the FundFunds. The Transfer Agent will test the adequacy of its business continuity plan at least annually and upon request, the Fund Funds may participate in such test. Upon request by the a Fund, the Transfer Agent will provide the Fund with a letter assessing the most recent business continuity test results. In the event of a business disruption that materially impacts the Transfer Agent’s provision of services under this Agreement, the Transfer Agent will promptly notify the Fund Funds of the disruption and the steps being implemented under the business continuity plan. Furthermore, in the event of a business disruption, the Transfer Agent shall act in good faith and take reasonable steps in accordance with its business continuity plan to minimize service interruptions to the Funds.

Appears in 3 contracts

Samples: Agency and Service Agreement, Fees and Expenses (Ssga Funds), Fees and Expenses (State Street Institutional Investment Trust)

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Business Continuity. The Transfer Agent will maintain a comprehensive business continuity plan and will provide an executive summary a description of such plan the Transfer Agent Business Continuity and Disaster Recovery process and program upon reasonable request of the FundTrust. The Transfer Agent will test the adequacy of its business continuity plan at least annually and upon request, the Fund may participate in such testannually. Upon request by the FundTrust, the Transfer Agent will provide the Fund Trust annually with a letter assessing the most recent confirmation of business continuity test resultscompletion. In the event of a business disruption that materially impacts the Transfer Agent’s provision of services under this Agreement, the Transfer Agent will promptly notify the Fund Trust of the disruption and the steps being implemented under the business continuity plan.

Appears in 2 contracts

Samples: Transfer Agency and Service Agreement (Northern Institutional Funds), Transfer Agency and Service Agreement (Northern Funds)

Business Continuity. The Transfer Agent will maintain a comprehensive business continuity plan and will provide an executive summary of such plan upon reasonable request of the FundFunds. The Transfer Agent will test the adequacy of its business continuity plan at least annually and upon request, the Fund Funds may participate in such test. Upon request by the FundFunds, the Transfer Agent will provide the Fund Funds with a letter assessing the most recent business continuity test results. In the event of a business disruption that materially impacts the Transfer Agent’s provision of services under this Agreement, the Transfer Agent will promptly notify the Fund Funds of the disruption and the steps being implemented under the business continuity plan.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Sentinel Group Funds Inc)

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