Common use of Manual Backup Facilities Clause in Contracts

Manual Backup Facilities. 19.1 In the event that: (a) the SWIFT network communications is not available to the Service Provider; or (b) the SWIFT network communications is not available to the participant but is available to the Service Provider; or (c) the participant’s SWIFT CBT is unable to communicate with the host system or is shut down, the Service Provider or participant, as the case may be, shall use MASNET, physical electronic storage media, hand-delivered instructions signed by at least two authorised signatories, or (in the case of payments relating to the

Manual Backup Facilities. 19.1 In the event that: (a) the SWIFT network communications is not available to the Service Provider; or any (ba)(b) the SWIFT network communications is not available to the participant but or bothbut is available to the Service ProviderProvider and the participant; or (cb)(c) the participant’s SWIFT CBT is unable to communicate with the host system or is shut down, the Service Provider or participant, as the case may be, shall use MASNET, physical electronic storage media, hand-delivered instructions signed by at least two authorised signatories, or (in the case of payments relating to the