Business Recovery Plan Sample Clauses

Business Recovery Plan. The Trustee shall, at all times that this Agreement is in force, maintain a commercially reasonable Business Recovery Plan.

Business Recovery Plan. The Contractor acknowledges that it has a Business Recovery Plan in place for its computer environment, specifying steps to be taken in the event of a disaster. The plan is built around a worst- case scenario involving loss of the facility or loss of access to the facility. It is also adaptable to less severe disasters. Generally, there are three phases to the Contractor’s Business Recovery Plan: 🞟 Immediate response, damage assessment and critical notifications 🞟 Environmental and operation restoration 🞟 Operational readiness, testing and business resumption. A critical part of this plan is the Contractor’s System Recovery Plan, which itself has three components: Hardware: The Contractor maintains a primary data center to support it mainframe applications and a portion of its mid-range and Intel based distributed environment. The Contractor has contracted with an outside vendor to provide hot site recovery capabilities for the primary data center in case of a site level disaster. The vendor maintains equipment that the Contractor will use to restore its applications in case of emergency. In addition, the Contractor has several data centers located throughout the U.S. with mid-range and distributed equipment to lessen the risk from any one site. On-site generators and UPS systems provide continuous power to the Contractor’s facilities. A fully redundant wide area network connects all of the data centers in the U.S. as well as to the hot site vendor facility. Application software: the Contractor secures program libraries, to tape cartridges weekly, storing them in both on- site and off-site vaults. Production data: the Contractor’s system and database files are backed up periodically, many on a daily basis, to tape cartridges stored in both on-site and off-site vaults. The Contractor’s internal auditors have reviewed its disaster recovery procedures. Portions of the plan are tested on an annual basis.

Business Recovery Plan. NDPS and/or GPI Canada and the Bank shall: (a) maintain their respective Business Recovery Plans in accordance with their terms; (b) periodically update and test the operability of their Business Recovery Plans; (c) provide the other party with written copies of Business Recovery Plan promptly following any amendment; (d) on a periodic basis, certify to the other party that the certifying party's applicable Business Recovery Plan has been successfully tested; (e) implement their respective Business Recovery Plans in accordance with the applicable terms; (f) consult with the other party regarding the priority to be given to the Services upon the occurrence of an event that triggers any obligation under either party's Business Recovery Plan; and (g) not amend their respective Business Recovery Plan that may materially affect the Merchant Business without the prior written consent of the other party, such consent not to be unreasonably withheld.

Business Recovery Plan. The Joint Venture’s Business Recovery Plan must be completed, approved by the Board, and submitted to the Bank within nine months of the Effective Date. Until such time as the Joint Venture has an operational Business Recovery Plan, the Bank shall continue to make theirs available on a basis consistent with the Ordinary Course of the Merchant Acquiring Business prior to the Completion Date. The Joint Venture and the Bank shall: (a) maintain their respective Business Recovery Plans in accordance with their terms as provided to the other Party in writing on or before the date hereof; (b) periodically update and test the effectiveness of their respective Business Recovery Plans; (c) provide the other Party with copies of their amended Business Recovery Plans as soon as reasonably practicable following any amendment; (d) on a periodic basis, certify to the other Party that the certifying Party’s Business Recovery Plan has been successfully tested; (e) implement their respective Business Recovery Plans in accordance with the applicable terms; (f) consult with the other Party regarding the priority to be given to the Services upon the occurrence of an event that triggers any obligation under either Party’s Business Recovery Plan; (g) not amend their respective Business Recovery Plans in a manner that may materially affect the Merchant Acquiring Business without the prior written Consent of the other Party, such Consent not to be unreasonably withheld; and (h) ensure that each of their respective Business Recovery Plans complies with all applicable Laws, Association Rules and Clearing Systems Rules.

Business Recovery Plan. DST shall maintain a comprehensive business recovery plan that: (i) is not less protective than the executive summary of the plan provided to the Fund by DST in connection with the inception of the Services; and (ii) is designed to provide for reasonably sufficient recovery of its back office and administrative operations to enable DST, within the time period set forth in the plan, after an event necessitating the use of such plan. DST shall test such business recovery plan no less frequently than annually and upon request, the Fund may participate in such test. Upon request, DST shall provide the Fund with a letter confirming the completion of the most recent business continuity test.

Business Recovery Plan. On or before the Closing Date, Sellers and Parent shall prepare at their cost a business recovery plan reasonably acceptable to Purchaser through which the Business may avoid severe and prolonged interruption in the event of a catastrophe, disaster, flood, fire, Year 2000 or any other natural or unnatural disaster or problem. Such business recovery plan shall include the identification of a hot site at which all systems required to operate the Business are secure from such interruptions and from which site the Business may be operated while the primary facility of the Business recovers from the interruption or disaster. As soon as reasonably practicable after the Closing Date and in accordance with the letter agreement dated the Closing Date, among CCC, Parent and Purchaser, Sellers and Parent shall implement the business recovery plan as approved by Purchaser and at Sellers' and Parent's cost, and shall inform the management of Purchaser on a bi-weekly basis of all steps taken in connection therewith.

Business Recovery Plan. This plan deals with the elements of bringing the business back to pre-disaster status. It addresses restoration of facilities, communication systems, computer systems, human resources, customer relations, regulatory interactions, insurance, etc.

Business Recovery Plan. NDPS and the Bank shall: ---------------------- (a) maintain their respective Business Recovery Plans in accordance with their terms; (b) periodically update and test the operability of their Business Recovery Plans; (c) provide the other party with written copies of Business Recovery Plan promptly following any amendment; (d) on a periodic basis, certify to the other party that the certifying party's applicable Business Recovery Plan has been successfully tested; (e) implement their respective Business Recovery Plans in accordance with the applicable terms; (f) consult with the other party regarding the priority to be given to the Services upon the occurrence of an event that triggers any obligation under either party's Business Recovery Plan; and (g) not amend their respective Business Recovery Plan that may materially affect the Merchant Business without the prior written consent of the other party, such consent not to be unreasonably withheld.

Business Recovery Plan. The supplier is requested to develop and maintain a Business Recovery Plan using NFPA 1600 as a model.

Business Recovery Plan. The following sets out the current business reality, explains why Royal Mail is facing the biggest challenges in its history and why it is in all our interests to put the dispute behind us and work together to jointly deliver a business recovery, transformation, and growth plan.