Business Continuity and Disaster Recovery Clause Samples
The Business Continuity and Disaster Recovery clause establishes requirements for maintaining essential business operations and recovering critical systems in the event of disruptions such as natural disasters, cyberattacks, or other emergencies. Typically, this clause obligates parties to develop, implement, and regularly test plans that ensure services can continue or be quickly restored after an incident. Its core function is to minimize downtime and data loss, thereby protecting both parties from operational and financial harm caused by unexpected events.
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Business Continuity and Disaster Recovery. Bank shall maintain and update from time to time business continuation and disaster recovery procedures with respect to its global custody business, which are designed, in the event of a significant business disruption affecting Bank, to be sufficient to enable Bank to resume and continue to perform its duties and obligations under this Agreement without undue delay or disruption. Bank shall test the operability of such procedures at least annually. Bank shall enter into and shall maintain in effect at all times during the term of this Agreement reasonable provision for (i) periodic back-up of the computer files and data with respect to Customer and (ii) use of alternative electronic data processing equipment to provide services under this Agreement. Upon reasonable request, Bank shall discuss with Customer any business continuation and disaster recovery procedures of Bank. Bank represents that its business continuation and disaster recovery procedures are appropriate for its business as a global custodian to investment companies registered under the 1940 Act.
Business Continuity and Disaster Recovery. At the Supplier’s request, the Customer shall provide the Supplier with a copy of its BCDR Plan. The Supplier develop a BCDR Plan and shall ensure that it is linked and integrated with the Customer’s BCDR Plan and the Supplier shall review and amend its BCDR Plan on a regular basis and as soon as is reasonably practicable on receipt of an amended Customer BCDR Plan from the Customer; and the Supplier shall ensure that its Sub-Contractor’s BCDR Plans are integrated with the Supplier’s BCDR Plan. If there is a Disaster, the Parties shall, where applicable, implement their respective BCDR Plans and use all reasonable endeavours re-establish their capacity to fully perform their obligations under this Contract. A Disaster will only relieve a Party of its obligations to the extent it constitutes a Force Majeure Event in accordance with Clause 23 (Force Majeure).
Business Continuity and Disaster Recovery. The Contractor shall maintain a business continuity and disaster recovery plan.
Business Continuity and Disaster Recovery. If there is a Disaster, the Parties shall co-operate in good faith and use all reasonable endeavours to as soon as possible re-establish their capacity to fully perform their obligations under this Call Off Contract. A Disaster will only relieve a Party of its obligations to the extent it constitutes a Force Majeure Event in accordance with Clause 44 (Force Majeure). Without prejudice to Clause 20.1 if there is a Disaster that damages the Equipment or otherwise reduces its operability, the Parties shall agree reasonable timescales within which the Supplier shall use all reasonable endeavours to restore the Equipment.
Business Continuity and Disaster Recovery. Where specified in the Order Form, or elsewhere this Call Off Contract the Parties shall comply with the provisions of Call Off Schedule 9 (Business Continuity and Disaster Recovery).
Business Continuity and Disaster Recovery. The Contractor shall provide a business continuity and disaster recovery plan upon request and ensure that the Purchasing Entity’s recovery time objective (RTO) of XXX hours/days is met. (XXX hour/days shall be provided to Contractor by the Purchasing Entity.) Contractor must work with the Purchasing Entity to perform an annual Disaster Recovery test and take action to correct any issues detected during the test in a time frame mutually agreed between the Contractor and the Purchasing Entity.
Business Continuity and Disaster Recovery. 7.1 If required by the Buyer, the Supplier will ensure a disaster recovery approach is captured in a clear disaster recovery plan. All Supplier Staff must also adhere to the Buyer’s business continuity and disaster recovery procedure as required in the delivery of the Services for this project.
Business Continuity and Disaster Recovery. This Clause 15 shall apply if the Customer has so specified in the Call Off Order Form. The Parties shall comply with the provisions of Call Off Schedule 8 (Business Continuity and Disaster Recovery).
Business Continuity and Disaster Recovery. Unless otherwise agreed to in writing by the Parties, the Supplier shall be responsible for business continuity and disaster recovery planning, testing and implementation and execution, as more fully set forth in the Supplier’s business continuity/disaster recovery plan. Supplier shall send a copy of its business continuity/disaster recovery plan for review by CPR within ten (10) days of receipt of written notice by CPR. Supplier’s business continuity/disaster recovery plan will, at a minimum:
(a) address all critical functions and operation used by CPR;
(b) specify recovery time frames for each critical function and operation used by CPR;
(c) be thoroughly tested at least annually; and
(d) be updated (with all updates provided to CPR promptly) not less than once annually. Supplier shall provide immediate notice to CPR of the occurrence of any actual Force Majeure Event for which the Supplier invokes its business continuity/disaster recovery plan.
Business Continuity and Disaster Recovery. 13.1 Zoom must have formal documented recovery plans to identify the resources and specify actions required to help minimize losses in the event of a disruption to the business unit, support group unit, application, or infrastructure component. Plans assure timely and orderly recovery of business, support processes, operations, and technology components within an agreed upon time frame and include orderly restoration of business activities when the primary work environment is unavailable.