Financial Distress Service Continuity Plan definition

Financial Distress Service Continuity Plan means a plan setting out how the Supplier will ensure the continued performance and delivery of the Goods and/or Services in accordance with this Framework Agreement in the event that a Financial Distress Event occurs;
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Financial Distress Service Continuity Plan a plan setting out how the Supplier (together with the Framework Guarantor) shall ensure the continued performance and delivery of the Services in accordance with this Agreement in the event that the Supplier and/or the Framework Guarantor suffers a Financial Distress Event;
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Financial Distress Service Continuity Plan means a plan setting out how the Supplier will ensure the continued performance and delivery of the Services in accordance with this Call Off Contract in the event that a Financial Distress Event occurs;
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Examples of Financial Distress Service Continuity Plan in a sentence

  • The Authority shall not withhold its Approval of a draft Financial Distress Service Continuity Plan unreasonably.

  • If the Authority does not approve the draft Financial Distress Service Continuity Plan, it shall inform the Supplier of its reasons and the Supplier shall take those reasons into account in the preparation of a further draft Financial Distress Service Continuity Plan, which shall be resubmitted to the Authority within five (5) Working Days of the rejection of the first or subsequent (as the case may be) drafts.

  • If the Authority does not Approve the draft Financial Distress Service Continuity Plan it shall inform the Supplier of its reasons and the Supplier shall take those reasons into account in the preparation of a further draft Financial Distress Service Continuity Plan, which shall be resubmitted to the Authority within five (5) Working Days (or such other period as the Authority may permit and notify to the Supplier in writing) of the rejection of the first draft.

  • Where DFID reasonably believes that the Financial Distress Event is likely to adversely impact on the performance of the Services, the Supplier shall submit to DFID for Approval a Financial Distress Service Continuity Plan as soon as is reasonably practicable and shall provide any further financial information as DFID may reasonably require to assess financial standing and risks.

  • Where the Company reasonably believes that the Financial Distress Event is likely to adversely impact on the performance of the Services, the Subcontractor shall submit to the Company for approval a Financial Distress Service Continuity Plan as soon as is reasonably practicable and shall provide any further financial information as the Company may reasonably require to assess financial standing and risks.

  • This process shall be repeated until the Financial Distress Service Continuity Plan is Approved by the Authority or referred to the commercial negotiation process under paragraph 4.6 below.

  • Under this Schedule, if a Financial Distress Event occurs, NBPco is required to put in Financial Distress Service Continuity Plan to address the relevant circumstance.

  • This process shall be repeated until the Financial Distress Service Continuity Plan is Approved by the Authority or referred to the commercial negotiation process under paragraph 58.6 below.

  • This process shall be repeated until the Financial Distress Service Continuity Plan is Approved by the Authority or referred to the commercial negotiation process under paragraph 47.6 below.

  • Where the Authority reasonably believes that the Financial Distress Event is likely to adversely impact on the performance of the Services, the Supplier shall submit to the Authority for Approval a Financial Distress Service Continuity Plan as soon as is reasonably practicable and shall provide any further financial information as the Authority may reasonably require to assess financial standing and risks.


More Definitions of Financial Distress Service Continuity Plan

Financial Distress Service Continuity Plan means a plan setting out how the Contractor (together with the Guarantor and/or Key Sub-contractors, where appropriate) will ensure the continued performance and delivery of the Services in accordance with this Agreement in the event that the Contractor, the Guarantor and/or a Key Sub-contractor suffers a Financial Distress Event.
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Financial Distress Service Continuity Plan has the meaning given in Part A of Schedule 7.4 (Financial Distress);
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Financial Distress Service Continuity Plan a plan setting out how the Supplier will ensure the continued performance and delivery of the Services in accordance with this Agreement in the event that a Financial Distress Event occurs. This plan should include what Network Rail would need to put in place to ensure performance and delivery of the Services in accordance with this Agreement up to and including any Insolvency Event in respect of the relevant FDE Group entity and may refer to the Insolvency Continuity Plan in this regard; the Freedom of Information Act 2000 and any subordinate legislation made under that Act from time to time, together with any guidance and/or codes of practice issued by the Information Commissioner or any relevant Central Government Body in relation to such Act;
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Financial Distress Service Continuity Plan means a plan setting out how the Contractor will ensure the continued performance in accordance with this contract in the event that a Financial Distress Event occurs.
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Financial Distress Service Continuity Plan means a plan setting out how the Supplier will: (a) remedy the potential adverse impact of the relevant Financial Distress Event; and (b) ensure: (i) the continued performance of this Contract, including the continued provision of the Outputs and carrying out of the Works in accordance with each Authorised Drawdown; (ii) the security of public funding already granted (or to be granted); and (iii) for each Authorised Drawdown, it has or has access to enough funds to continue to pay its financial contribution amounts required to Achieve the Stage One (Network Detailed Design and Due Diligence) Complete Milestone and Stage Two (Build) Complete Milestone;
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Financial Distress Service Continuity Plan the plan to be provided by the Hosting Supplier in accordance with schedule 7.4 (Financial Distress), setting out how the Hosting Supplier (together with the Guarantor and/or Key Sub-contractors, where appropriate) will ensure the continued performance and delivery of the FITS Services/ Hosting Services in accordance with this Agreement in the event that the Hosting Supplier, the Guarantor and/or a Key Sub-contractor suffers a Financial Distress Event or a Sub-contractor Financial Distress Event (as applicable);
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Related to Financial Distress Service Continuity Plan

  • Business Continuity Plan means any plan prepared pursuant to clause H5.6, as may be amended from time to time.

  • Network Termination Point (NTP) means the physical point at which a subscriber is provided with access to a public communications network; in the case of networks involving switching or routing, the NTP is identified by means of a specific network address, which may be linked to a subscriber number or name;

  • Long-term care services means services provided through the department of social and health services either in a hospital or skilled nursing facility, or in another setting under a home and community-based waiver authorized under 42 U.S.C. Sec. 1396n.

  • Electric related service means a service that is directly related

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • Qualified long-term care services means services that meet the requirements of Section 7702(c)(1) of the Internal Revenue Code of 1986, as amended, as follows: necessary diagnostic, preventive, therapeutic, curative, treatment, mitigation and rehabilitative services, and maintenance or personal care services which are required by a chronically ill individual, and are provided pursuant to a plan of care prescribed by a licensed health care practitioner.

  • Professional sports services contract means an agreement under which an individual is employed, or agrees to render services, as a player on a professional sports team, with a professional sports organization, or as a professional athlete.

  • Texas Grant Management Standards or “TxGMS” means uniform grant and contract administration procedures, developed under the authority of Chapter 783 of the Texas Government Code, to promote the efficient use of public funds in local government and in programs requiring cooperation among local, state, and federal agencies. Under this Grant Agreement, TxGMS applies to Grantee except as otherwise provided by applicable law or directed by System Agency. Additionally, except as otherwise provided by applicable law, in the event of a conflict between TxGMS and applicable federal or state law, federal law prevails over state law and state law prevails over TxGMS.

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and

  • financial service provider means a person engaged in the business of providing financial services in terms of authorisation issued or registration granted by a financial sector regulator;

  • Health benefits plan means a benefits plan which pays or

  • specific learning disabilities means a heterogeneous group of conditions wherein there is a deficit in processing language, spoken or written, that may manifest itself as a difficulty to comprehend, speak, read, write, spell, or to do mathematical calculations and includes such conditions as perceptual disabilities, dyslexia, dysgraphia, dyscalculia, dyspraxia and developmental aphasia;

  • financial service means any service of a banking, credit, insurance, personal pension, investment or payment nature;

  • Specific learning disability (SLD) means a heterogeneous group of conditions wherein there is a deficit in processing language, spoken or written, that may manifest itself as a difficulty to comprehend, speak, read, write, spell, or to do mathematical calculations and includes such conditions as perceptual disabilities, dyslexia, dysgraphia, dyscalculia, dyspraxia and developmental aphasia.

  • Administration Services means the services required for the effective and efficient administration of Bonitas and includes, but are not necessarily limited to, member record management, contribution management, benefit option management, claims processing and management, management of members’ personal, claims and financial information and any other services that are required for the administration of Bonitas;

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • COVERED HEALTHCARE SERVICES means any service, treatment, procedure, facility, equipment, drug, device, or supply that we have reviewed and determined is eligible for reimbursement under this plan.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.