Common use of Disaster Recovery and Business Continuity Clause in Contracts

Disaster Recovery and Business Continuity. Seller has developed and implemented a contingency planning program to evaluate the impact of significant events that may adversely affect Seller’s customers, assets, or employees. To the best of Seller’s knowledge, such program ensures that Seller and Seller Bank can recover its mission critical functions, and complying with the requirements of the Federal Financial Institutions Examination Council (“FFIEC”), the SEC, and the FDIC.

Appears in 4 contracts

Sources: Merger Agreement (BNC Bancorp), Merger Agreement (BNC Bancorp), Merger Agreement (Ecb Bancorp Inc)

Disaster Recovery and Business Continuity. Seller has developed and implemented a contingency planning program to evaluate the impact of significant events that may adversely affect Seller’s customers, assetsAssets, or employees. To the best of Seller’s knowledgeKnowledge, such program ensures that Seller and Seller Bank can recover its mission critical functions, and complying complies in all material respects with the requirements of the Federal Financial Institutions Examination Council (“FFIEC”), the SEC, and the FDIC.

Appears in 3 contracts

Sources: Merger Agreement (Charter Financial Corp), Merger Agreement (Charter Financial Corp), Merger Agreement (Charter Financial Corp)

Disaster Recovery and Business Continuity. Seller has developed and implemented a contingency planning program to evaluate the impact of significant events that may adversely affect Seller’s customers, assets, or employees. To the best knowledge of Seller’s knowledge, such program ensures that Seller and Seller Bank can recover its mission critical functions, and complying complies with the requirements of the Federal Financial Institutions Examination Council (“FFIEC”), the SEC, and the FDIC.

Appears in 2 contracts

Sources: Merger Agreement (Newbridge Bancorp), Merger Agreement (Newbridge Bancorp)

Disaster Recovery and Business Continuity. Seller has developed and implemented a contingency planning program to evaluate the impact of significant events that may adversely affect Seller’s customers, assetsAssets, or employees. To the best of Seller’s knowledgeKnowledge, such program ensures that Seller and Seller Bank can recover its mission critical functions, and complying complies in all material respects with the requirements of the Federal Financial Institutions Examination Council (“FFIEC”), the SEC, and the FDIC.

Appears in 1 contract

Sources: Merger Agreement (Bank First National Corp)

Disaster Recovery and Business Continuity. Seller and each applicable Seller Subsidiary has developed and implemented a contingency planning program to evaluate the impact of significant events that may adversely affect Seller’s the customers, assets, or employeesemployees of Seller or such Seller Subsidiary. To the best of Seller’s knowledge, such program ensures that Seller and Seller Bank each can recover its mission critical functions, and complying with the requirements of the Federal Financial Institutions Examination Council (“FFIEC”), the SEC, and the FDIC.

Appears in 1 contract

Sources: Merger Agreement (BNC Bancorp)

Disaster Recovery and Business Continuity. Seller has developed and implemented a contingency planning program to evaluate the impact of significant events that may adversely affect Seller’s customers, assets, or employees. To the best of Seller’s knowledge, such program ensures that Seller and Seller Bank can recover its mission critical functions, and complying with the requirements of the Federal Financial Institutions Examination Council (“FFIEC”), the SEC, ) and the FDIC.

Appears in 1 contract

Sources: Merger Agreement (BNC Bancorp)