Common use of Business Interruption Plan Clause in Contracts

Business Interruption Plan. The Distributor shall maintain in effect a business interruption plan, and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment failures, the Distributor shall, at no additional expense to the Trust, take commercially reasonable steps to minimize service interruptions.

Appears in 2 contracts

Samples: Distribution Agreement (ETF Managers Trust), Distribution Agreement (ETF Managers Trust)

AutoNDA by SimpleDocs

Business Interruption Plan. The the Distributor shall maintain in effect a business interruption plan, plan and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment failures, the Distributor shall, at no additional expense to the Trust, take commercially reasonable steps to minimize service interruptions.

Appears in 2 contracts

Samples: Distribution Agreement (Shelton Funds), Distribution Agreement (SCM Trust)

Business Interruption Plan. The Distributor shall maintain in effect a business interruption plan, and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment business interruption failures, the Distributor shall, at no additional expense to the Trust, take commercially reasonable steps to minimize service interruptions.

Appears in 1 contract

Samples: Distribution Agreement (Cavanal Hill Funds)

AutoNDA by SimpleDocs

Business Interruption Plan. The Distributor shall maintain in effect a business interruption plan, and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment failures, the Distributor shall, at no additional expense to the TrustFunds, take commercially reasonable steps to minimize service interruptions.

Appears in 1 contract

Samples: Distribution Agreement (IndexIQ Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!