OEC down time Sample Clauses

The "OEC down time" clause defines the rules and procedures that apply when the Online Exchange Component (OEC) experiences periods of unavailability or operational failure. Typically, this clause outlines how downtime is measured, what constitutes a reportable outage, and the responsibilities of each party during such events, such as notification requirements or service credits. Its core function is to ensure both parties have a clear understanding of expectations and remedies in the event of OEC interruptions, thereby minimizing disputes and allocating risk related to system reliability.