Common use of DATA PROCESSING OBLIGATIONS Clause in Contracts

DATA PROCESSING OBLIGATIONS. The data processing obligations of Administrator include, but are not limited to, the following: a) Provide data processing in support of all Administrative Services at a performance level not less than a reasonable performance level for such services in the industry and in any event not less than the performance level standards in effect by New York Ceding Company immediately prior to the Closing Date; and b) Maintain appropriate business continuity and disaster recovery plans to continue business operations and recover from a disaster involving facilities and/or systems. Plans will allow for recovery of critical business functions within twenty-four (24) hours and recovery for all material functions within five (5) Business Days.

Appears in 2 contracts

Samples: Indemnification & Liability, Indemnification & Liability (CNO Financial Group, Inc.)

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DATA PROCESSING OBLIGATIONS. The data processing obligations of Administrator include, but are not limited to, the following: a) Provide data processing in support of all Administrative Services at a performance level not less than a reasonable performance level for such services in the industry and in any event not less than the performance level standards in effect by New York Ceding Company immediately prior to the Closing Date; and b) Maintain appropriate business continuity and disaster recovery plans to continue business operations and recover from a disaster involving facilities and/or systems. Plans will allow for recovery of critical business functions within twenty-four (24) hours and recovery for all material functions within five (5) Business Days.

Appears in 2 contracts

Samples: Indemnity Reinsurance Agreement, Indemnity Reinsurance Agreement (CNO Financial Group, Inc.)

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