Recovery Exercises Sample Clauses

Recovery Exercises. SS&C’s Data Center Disaster Recovery plan exercises the recovery of products according to RTO and RPO, SS&C has created the following exercise duration periods to accommodate product recovery, pre-nightly testing, nightly processing, and post-nightly testing:
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Recovery Exercises. SS&C’s Data Center Disaster Recovery plan exercises the recovery of products according to RTO and RPO, SS&C has created the following exercise duration periods to accommodate product recovery, pre-nightly testing, nightly processing, and post-nightly testing: • 4 Hour RTO exercises = 24 hour testing window System support, product support, and applicable business units participate during scheduled exercises. SS&C exercises components associated with product recovery during a 4-hour or 24-hour RTO exercise, including but not limited to the following: • Operating systems • Databases • Applications • Networks • Hardware All 4 RTO recovery programs consist of the following types of exercises: Internal Exercises – These exercises provide SS&C additional opportunities to validate recovery objectives. External Exercises – These exercises provide clients an opportunity to view, manipulate, and use recovered products according to their pre-defined recovery objectives, including network. Each 4-Hour RTO recovery exercise is scheduled at least annually. SS&C schedules these exercises for the upcoming year, approximately three months before year-end. Dates and times of testing between both Client and SS&C need to be approved by both parties well in advance of any tests. SS&C will be available to discuss with Client the results of the testing. A copy of the results validating the Disaster Recovery Plan testing is required by Client from SS&C, with SS&C management’s attestation to those results. Contents of that report will be: • Overview of failover process • High level plan of process • Recovery time objective (RTO) used for the exercise • Actual RTO achieved • Recovery point objective (RPO) used for the exercise • Actual RPO achieved • SS&C’s conclusion related to the success of the exercise • Gaps identified, resulting from exercise • Expected remediation plans and date for these gaps, if any
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Recovery Exercises. SS&C’s Data Center Recovery plan exercises the recovery of products according to RTO and RPO. SS&C labels recovery exercises “4-Hour” and “24-Hour”, which indicates the RTOs exercised. SS&C has created the following exercise duration periods to accommodate product recovery, pre-nightly testing, nightly processing, and post-nightly testing: • 4-Hour RTO exercises—24-hour period • 24-Hour RTO exercises—48-hour period System support, product support, and applicable business units participate during scheduled exercises. SS&C exercises components associated with product recovery during a 4-hour or 24-hour RTO exercise, including but not limited to the following: • Operating systems • Databases
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Related to Recovery Exercises

  • Condemnation Proceeds all Condemnation Proceeds other than proceeds to be applied to the restoration or repair of the property subject to the related Mortgage or released to the related Mortgagor in accordance with the Servicing Standard, which proceeds shall be deposited by the Master Servicer into an Escrow Account and not deposited in the Collection Account;

  • Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

  • Optional Prepayments with Make-Whole Amount The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, the Notes, in an amount not less than 5% of the aggregate principal amount of the Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of Notes written notice of each optional prepayment under this Section 8.2 not less than 10 days and not more than 60 days prior to the date fixed for such prepayment unless the Company and the Required Holders agree to another time period pursuant to Section 17. Each such notice shall specify such date (which shall be a Business Day), the aggregate principal amount of the Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

  • Cash Proceeds In addition to the rights of the Collateral Agent specified in Section 4.3 with respect to payments of Receivables, all proceeds of any Collateral received by any Grantor consisting of cash, checks and other non-cash items (collectively, “Cash Proceeds”) shall be held by such Grantor in trust for the Collateral Agent, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, unless otherwise provided pursuant to Section 4.4(a)(ii), be turned over to the Collateral Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral Agent, if required) and held by the Collateral Agent in the Collateral Account. Any Cash Proceeds received by the Collateral Agent (whether from a Grantor or otherwise): (i) if no Event of Default shall have occurred and be continuing, shall be held by the Collateral Agent for the ratable benefit of the Secured Parties, as collateral security for the Secured Obligations (whether matured or unmatured) and (ii) if an Event of Default shall have occurred and be continuing, may, in the sole discretion of the Collateral Agent, (A) be held by the Collateral Agent for the ratable benefit of the Secured Parties, as collateral security for the Secured Obligations (whether matured or unmatured) and/or (B) then or at any time thereafter may be applied by the Collateral Agent against the Secured Obligations then due and owing.

  • Proceeds of Collateral Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Dominion Account (or a lockbox relating to a Dominion Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for Agent and promptly (not later than the next Business Day) deposit same into a Dominion Account.