Common use of Equipment Failures Clause in Contracts

Equipment Failures. In the event of equipment failures beyond the T/A's control, the T/A shall take all steps necessary to minimize service interruptions but shall have no liability with respect thereto. The T/A shall endeavor to enter into one or more agreements making provision for emergency use of electronic data processing equipment to the extent appropriate equipment is available.

Appears in 19 contracts

Sources: Transfer, Dividend Disbursing, Shareholder Service and Plan Agency Agreement (Countrywide Strategic Trust), Transfer, Dividend Disbursing, Shareholder Service and Plan Agency Agreement (Touchstone Investment Trust), Transfer, Dividend Disbursing, Shareholder Service and Plan Agency Agreement (Countrywide Tax Free Trust)

Equipment Failures. In the event of equipment failures beyond the T/A's control, the T/A shall take all steps necessary to minimize service interruptions but shall have no liability except in the event of an equipment failure which occurs in connection with respect thereto. the negligence of the T/A. The T/A shall endeavor to enter into one or more agreements making provision for emergency use of electronic data processing equipment to the extent appropriate equipment is available.

Appears in 1 contract

Sources: Transfer, Dividend Disbursing, Shareholder Service and Plan Agency Agreement (Fremont Mutual Funds Inc)