Common use of Business Interruption Plan Clause in Contracts

Business Interruption Plan. ALPS shall maintain in effect a business interruption plan, and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment failures, ALPS shall, at no additional expense to the Fund, take commercially reasonable steps to minimize service interruptions. ALPS shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by ALPS' own willful misfeasance, bad faith, negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 12 contracts

Samples: Pricing Services Agreement (Clough Global Opportunities Fund), Pricing Services Agreement (Clough Global Allocation Fund), Pricing Services Agreement (Clough Global Opportunities Fund)

AutoNDA by SimpleDocs

Business Interruption Plan. ALPS shall maintain in effect a business interruption plan, and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment failures, ALPS shall, at no additional expense to the FundTrust, take commercially reasonable steps to minimize service interruptions. ALPS shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by ALPS' own willful misfeasance, bad faith, negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 6 contracts

Samples: Fund Accounting and Administration Agreement (Financial Investors Trust), Fund Accounting and Administration Agreement (ALPS Variable Insurance Trust), Fund Accounting and Administration Agreement (ALPS Variable Insurance Trust)

Business Interruption Plan. ALPS shall maintain in effect a business interruption plan, plan and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment failures, ALPS shall, at no additional expense to the Fund, take commercially reasonable steps to minimize service interruptions. ALPS shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by ALPS' own willful misfeasance, bad faith, negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 2 contracts

Samples: Pricing Services Agreement (Stone Harbor Emerging Markets Total Income Fund), Pricing Services Agreement (Stone Harbor Emerging Markets Income Fund)

Business Interruption Plan. ALPS shall maintain in effect a business interruption plan, and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment failures, ALPS shall, at no additional expense to the Fund, take commercially reasonable steps to minimize service interruptions. ALPS shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by ALPS' own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 2 contracts

Samples: Distribution Agreement (Broadstone Real Estate Access Fund), Distribution Agreement (Broadstone Real Estate Access Fund, Inc.)

Business Interruption Plan. ALPS shall maintain in effect a business interruption plan, and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment failures, ALPS shall, at no additional expense to the Fund, take commercially reasonable steps to minimize service interruptions. ALPS shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by ALPS' own willful misfeasance, bad faith, negligence or reckless disregard of its duties or obligations under this Agreement, and, provided further, that such equipment is state of the art and has been properly maintained.

Appears in 2 contracts

Samples: Pricing Services Agreement (DCA Total Return Fund), Pricing Services Agreement (Dividend Capital Strategic Global Realty Fund)

AutoNDA by SimpleDocs

Business Interruption Plan. ALPS shall maintain in effect a business interruption plan, and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment failures, ALPS shall, at no additional expense to the Fund, . take commercially reasonable steps to minimize service interruptions. ALPS shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by ALPS' own willful misfeasance, bad faith, negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 1 contract

Samples: Fund Accounting and Administration Agreement (Forward Funds)

Business Interruption Plan. ALPS shall maintain in effect a business interruption plan, and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment failures, ALPS shall, at no additional expense to the Fund, take commercially reasonable steps to minimize service interruptions. ALPS shall have no liability with respect to the loss of data or service interruptions caused by equipment failure failure, provided such loss or interruption is not caused by ALPS' own willful misfeasance, bad faith, negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 1 contract

Samples: And Pricing Services Agreement (Bridgeway Fund Inc)

Business Interruption Plan. ALPS shall maintain in effect a business interruption plan, and enter into any agreements necessary with appropriate parties making reasonable provisions for emergency use of electronic data processing equipment customary in the industry. In the event of equipment failures, ALPS shall, at no additional expense to the Fund, take commercially reasonable steps to minimize service interruptions. ALPS shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by ALPS' own willful misfeasance, bad lack of good faith, negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 1 contract

Samples: Accounting and Services Agreement (Lipper Funds Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.