Common use of Alternate Source Clause in Contracts

Alternate Source. If any Force Majeure Event prevents, hinders or delays performance of a Service for more than the applicable recovery time objective set forth in the BCP (or, if no time frame is specified, more than 30 days after the date of such event), the Receiver may authorize to procure such Services from an alternate source, or perform such Services for itself solely at the Receiver’s cost. In the event the Receiver has already made advance payments for the services yet to be performed, such portion of payment for the services that remain affected/un-delivered due to the force majeure situation shall be refunded immediately to the Receiver.

Appears in 2 contracts

Sources: Service Agreement, Service Agreement