Common use of Disaster Recovery/Business Continuity Plan Clause in Contracts

Disaster Recovery/Business Continuity Plan. The Servicer shall establish, maintain and upon reasonable written notification, make available for review by the appropriate regulator, Servicer's contingency plans, recovery plans and risk controls to ensure the Servicer's continued performance under this Agreement, provided, however, that the regulator agrees to maintain the proprietary nature of Servicer's information. The plans must be in place within thirty (30) calendar days after the Closing Date of this Agreement and shall include, but not be limited to, testing, control functions, accountability and corrective actions to be immediately implemented, if necessary.

Disaster Recovery/Business Continuity Plan. The Servicer shall establish, maintain and upon reasonable written notification, make available for review by the appropriate regulator, Servicer's ’s contingency plans, recovery plans and risk controls to ensure the Servicer's ’s continued performance under this Agreement, provided, however, that the regulator agrees to maintain the proprietary nature of Servicer's ’s information. The plans must be in place within thirty (30) calendar days after the Closing Date of this Agreement and shall include, but not be limited to, testing, control functions, accountability and corrective actions to be immediately implemented, if necessary.

Disaster Recovery/Business Continuity Plan. The Servicer shall establish, maintain and upon reasonable written notification, make available for review by the appropriate regulator, Servicer's establish contingency plans, recovery plans and proper risk controls to ensure the Servicer's ’s continued performance under this Agreement, provided, however, that the regulator agrees to maintain the proprietary nature of Servicer's information. The plans must be in place within thirty (30) calendar days after the Closing Date date of this Agreement and shall include, but not be limited to, testing, control functions, accountability and corrective actions to be immediately implemented, if necessary. The Seller or Servicer agrees to make copies or summaries of the plans available to the Purchaser or its regulators upon request.

Disaster Recovery/Business Continuity Plan. The Servicer shall establish, establish and maintain and upon reasonable written notification, make available for review by the appropriate regulator, Servicer's contingency plans, recovery plans and proper risk controls to ensure the Servicer's ’s continued performance under this Agreement, provided, however, that the regulator agrees to maintain the proprietary nature of Servicer's information. The plans must be in place within thirty (30) calendar days after the Closing Date of this Agreement and shall include, but not be limited to, testing, control functions, accountability and corrective actions to be immediately implemented, if necessary. The Servicer agrees to make copies or summaries of the plans available to the Purchaser or appropriate regulator upon request.