Backup Support definition

Backup Support means, with respect to any Letter of Credit, to Cash Collateralize such Letter of Credit or to deliver to the Agent a letter of credit, from a financial institution and in a form satisfactory to the Agent and the applicable Issuer, to support the Company’s obligations with respect to such Letter of Credit.

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Backup Support means the logistic and communication support available with the company to provide assistance to the security guards, when required, for ensuring security of the premises.

Backup Support means the party responsible for all Error Corrections, New Versions and product enhancements. The Backup Support party is responsible for providing software and documentation New Version masters to the other party for that party's distribution to its Support Customers.

Examples of Backup Support in a sentence

• In cases in which an Advance requested orally by Customer is made by another federal home loan bank, on behalf of Seattle Bank, under a Master Backup Support Agreement, the books and records of such other federal home loan bank will establish any additional, particular terms of such Advance.

• The Supplier Backup Support Process and Checklist and Hosted Backup is hosted on the Supplier’s Infrastructure and therefore the responsibility of The Supplier to keep the infrastructure up and running.

• In cases in which an Advance requested orally by Customer is made by another Federal Home Loan Bank, on behalf of Seattle Bank, under a Master Backup Support Agreement, the books and records of such other Federal Home Loan Bank will establish any additional, particular terms of such Advance.

• KMS will notify the Client at least 24 hours in advance of scheduled absences and provide current contact information of the Backup Support Specialist to the Client by email.

• No Letter of Credit as originally issued or as extended shall have an expiry date extending beyond the Termination Date, except that prior to the Termination Date a Letter of Credit may be issued or extended with an expiry date extending beyond the Termination Date if, and to the extent that the Borrower shall provide cash collateral or Backup Support to the Issuing Lender on the date of issuance or extension in an amount equal to 105% the maximum amount available to be drawn under such Letter of Credit.

• The Company may at any time on like notice terminate the Commitments upon payment in full of all Revolving Loans and Swing Line Loans and all other obligations of the Company hereunder in respect of such Loans and Cash Collateralization in full or the provision of other Backup Support, pursuant to documentation in form and substance reasonably satisfactory to the Issuing Bank, of all obligations arising with respect to the Letters of Credit.

• Backup Support Specialist • ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ • ▇▇▇▇ ▇▇▇▇▇ 55/hr Tech Lead • ▇▇▇▇ ▇▇▇▇▇(Systems Administration) • ▇▇▇▇▇ ▇▇▇▇▇▇▇▇(Network Manager) • ▇▇▇▇▇ ▇▇▇▇▇▇▇(Telecommunications Manager) 75/hr Support Manager • ▇▇▇▇▇▇▇ ▇▇▇▇▇▇(Director of IT) 125/hr Rates will be determined and based upon priority and category of support service expertise.

More Definitions of Backup Support

Backup Support means, with respect to any Letter of Credit, to Cash Collateralize such Letter of Credit or to deliver to the Administrative Agent a letter of credit, from a financial institution and in a form satisfactory to the Administrative Agent and the Issuing Bank, to support the Company’s obligations with respect to such Letter of Credit. Bank — see the Preamble. References to the “Banks” shall include the Issuing Bank and the Swing Line Bank; for purposes of clarification only, to the extent that Bank of America or any successor Issuing Bank or Swing Line Bank may have rights or obligations in addition to those of the other Banks due to its status as the Issuing Bank or the Swing Line Bank, its status as such will be specifically referenced. Bank of America — see the Preamble. Base Rate means at any time, the greater of (a) the Federal Funds Rate plus 0.5% and (b) the Prime Rate.

Backup Support means, with respect to any Letter of Credit, to Cash Collateralize such Letter of Credit or to deliver to the Administrative Agent a letter of credit, from a financial institution and in a form satisfactory to the Administrative Agent and the Issuing Bank of such Letter of Credit, to support the Company’s obligations with respect to such Letter of Credit. Bank — see the Preamble. References to the “Banks” shall include each Issuing Bank and the Swing Line Bank; for purposes of clarification only, to the extent that JPMorgan or any successor Issuing Bank or Swing Line Bank may have rights or obligations in addition to those of the other Banks due to its status as an Issuing Bank or the Swing Line Bank, its status as such will be specifically referenced. Base Rate means at any time a fluctuating rate per annum equal to the greatest of (a) the Federal Funds Rate plus 0.5%, (b) the Prime Rate and (c) the Eurodollar Rate for a Eurodollar Loan with a one month Interest Period commencing on such day (or, if such day is not a Business Day, the immediately preceding Business Day) plus 1.00%.