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

Samples: Agreement and Plan of Merger (BNC Bancorp), Agreement and Plan of Merger (Ecb Bancorp Inc), Agreement and Plan of Merger (BNC Bancorp)

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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

Samples: Agreement and Plan of Merger (Charter Financial Corp), Agreement and Plan of Merger (Charter Financial Corp), Agreement and Plan of Merger (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

Samples: Agreement and Plan of Combination and Reorganization (Newbridge Bancorp), Agreement and Plan of Combination and Reorganization (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

Samples: Agreement and Plan of Merger (Bank First National Corp)

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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

Samples: Agreement and Plan of Merger (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

Samples: Agreement and Plan of Merger (BNC Bancorp)

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