Common use of Equipment Failure Clause in Contracts

Equipment Failure. In the event of a mechanical breakdown or failure of communication or power supplies beyond its control, Administrator shall take all reasonable steps to minimize service interruptions for any period that such interruption continues beyond Administrator’s control. Administrator shall make every reasonable effort to restore any lost or damaged data and correct any errors resulting from such a breakdown at the expense of Administrator. Administrator agrees that it shall, at all times, have reasonable contingency plans with appropriate parties, making reasonable provision for emergency use of electrical data processing equipment to the extent appropriate equipment is available. Representatives of the Trust shall be entitled to inspect Administrator’s premises and operating capabilities at any time during regular business hours of Administrator, upon reasonable notice to Administrator.

Appears in 34 contracts

Samples: Fund Accounting and Administration Agreement (Starboard Investment Trust), Accounting and Administration Agreement (Hillman Capital Management Investment Trust), Administration Agreement (Starboard Investment Trust)

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Equipment Failure. In the event of a mechanical breakdown or failure of communication or power supplies beyond its control, Administrator shall take all reasonable steps to minimize service interruptions for any period that such interruption continues beyond Administrator’s 's control. Administrator shall make every reasonable effort to restore any lost or damaged data and correct any errors resulting from such a breakdown at the expense of Administrator. Administrator agrees that it shall, at all times, have reasonable contingency plans with appropriate parties, making reasonable provision for emergency use of electrical data processing equipment to the extent appropriate equipment is available. Representatives of the Trust shall be entitled to inspect Administrator’s 's premises and operating capabilities at any time during regular business hours of Administrator, upon reasonable notice to Administrator.

Appears in 1 contract

Samples: Fund Accounting and Administration Agreement (Starboard Investment Trust)

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