Common use of Major Faults Clause in Contracts

Major Faults. System fault for single customer with a work-around – i.e.: degraded system or functional performance. Coverage: 24x7 A broadcast message will be sent by the Party or Parties which will be implementing the corrective measure (Data Pool or the Global Registry) to the other party within 60 minutes of the fault verification and every 4 hours thereafter until resolution is reached.

Appears in 4 contracts

Samples: Global Registry Access and License Agreement, Global Registry Access and License Agreement, Global Registry Access and License Agreement

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