Business Continuity. Company shall establish, implement and maintain an adequate business continuity policy aimed at ensuring, in the case of an interruption to its systems and procedures, the preservation of essential data and functions, and the maintenance of services and activities, or, where that is not possible, the timely recovery of such data and functions and the timely resumption of its services and activities. Company shall maintain a log of all business continuity events. In the event that a material business continuity event occurs, Company shall advise PIMCO promptly of such event and the steps proposed in order to minimize any interruption to its services hereunder.
Appears in 27 contracts
Samples: Pimco Services Agreement (Pimco Variable Insurance Trust), Pimco Services Agreement (PIMCO Equity Series VIT), Pimco Services Agreement (Pimco Variable Insurance Trust)
Business Continuity. The Company shall establish, implement and maintain an adequate business continuity policy aimed at ensuring, in the case of an interruption to its systems and procedures, the preservation of essential data and functions, and the maintenance of services and activities, or, where that is not possible, the timely recovery of such data and functions and the timely resumption of its services and activities. The Company shall maintain a log of all business continuity events. In the event that a material business continuity event occurs, the Company shall advise PIMCO the Distributor promptly of such event and the steps proposed in order to minimize any interruption to its services hereunder.
Appears in 3 contracts
Samples: Services Agreement (Pimco Variable Insurance Trust), Services Agreement (Pimco Variable Insurance Trust), Services Agreement (Pimco Variable Insurance Trust)
Business Continuity. Company Companies shall establish, implement and maintain an adequate business continuity policy aimed at ensuring, in the case of an interruption to its systems and procedures, the preservation of essential data and functions, and the maintenance of services and activities, or, where that is not possible, the timely recovery of such data and functions and the timely resumption of its services and activities. Company Companies shall maintain a log of all business continuity events. In the event that a material business continuity event occurs, Company Companies shall advise PIMCO promptly of such event and the steps proposed in order to minimize any interruption to its services hereunder.
Appears in 1 contract
Samples: Pimco Services Agreement (Massachusetts Mutual Variable Life Separate Account I)
