Common use of Contingency processing Clause in Contracts

Contingency processing. (a) If it deems it necessary to do so, the ECB shall initiate the contingency processing of payment orders in the Contingency Module of the SSP. In such cases, only a minimum service level shall be provided to participants. The ECB shall inform its participants of the start of contingency processing by means of any available means of communication.

Contingency processing. (a) If it deems it necessary to do so, the ECB shall initiate the contingency processing of payment orders in the Contingency Module of the SSP. In such cases, only a minimum service level shall be provided to participantspartici- pants. The ECB shall inform its participants of the start of contingency processing by means of any available means of communication.

Contingency processing. (a) If it deems it necessary to do so, the ECB shall initiate the contingency processing of payment orders in the Contingency Module of the SSP. In such cases, only a minimum service level shall be provided to participantspartici­ pants. The ECB shall inform its participants of the start of contingency processing by means of any available means of communication.