Auditable Event definition

Auditable Event means any (1) loss of or unauthorized access to, or reasonably suspected loss of or unauthorized access to, HPI Confidential Information, (2) Security Breach, (3) financial anomalies relating to any Charges or other financial matters under the Agreement, or (4) failure by HPES to perform a material obligation under the Agreement. Authorized User means HPI, any of its Affiliates, and other persons and entities authorized by HPI or its Affiliates in the ordinary course of business to receive and/or use the Services in accordance with the terms and conditions of this Agreement, including, for example, customers, contractors and joint ventures. Backup and Recovery Procedure means the actions to be performed when executing processes to (1) backup data stored in information systems, and (2) recover data from backed up locations to a recovery system where processing can be resumed. Procedures must include serial processes, dependencies, roles, and responsibilities for all personnel involved in the process, plus timelines, estimates, and key indicator or Milestones for the defined processes.
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Related to Auditable Event

  • Reportable Event means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived.

  • Chargeable Event means the occurrence by virtue of which the legal conditions necessary for VAT to become chargeable are fulfilled;

  • Taxable Event means any event giving rise to Relevant Employment Income.

  • Reportable Compliance Event means that any Covered Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law.

  • Foreign Plan Event means, with respect to any Foreign Plan or Foreign Benefit Arrangement, (i) the failure to make or, if applicable, accrue in accordance with normal accounting practices, any employer or employee contributions required by applicable law or by the terms of such Foreign Plan or Foreign Benefit Arrangement; (ii) the failure to register or loss of good standing (if applicable) with applicable regulatory authorities of any such Foreign Plan or Foreign Benefit Arrangement required to be registered; or (iii) the failure of any Foreign Plan or Foreign Benefit Arrangement to comply with any provisions of applicable law and regulations or with the terms of such Foreign Plan or Foreign Benefit Arrangement.