Parallel Testing Period Sample Clauses
The Parallel Testing Period clause establishes a defined timeframe during which two systems, processes, or solutions operate simultaneously to verify that a new implementation functions correctly alongside the existing one. During this period, both the legacy and new systems are run in parallel, allowing for comparison of outputs, identification of discrepancies, and troubleshooting of issues before fully transitioning to the new system. This clause is essential for minimizing operational risk and ensuring a smooth transition by providing a safety net to catch errors before the old system is decommissioned.
Parallel Testing Period. Initially, GHFS shall provide Services in parallel with the current fund administrator, BNP Paribas Financial Services, LLC (“Parallel Period”). The Parallel Period shall continue until GHFS provides two consecutive months of daily NAV calculations for the Funds without any errors.
Parallel Testing Period. (if applicable)