Business Disruption definition
Examples of Business Disruption in a sentence
However, Sub-adviser is responsible for implementing, and providing to Adviser and the Board for approval, a Business Continuity Plan that encompasses business continuity and succession planning in the event of a Significant Business Disruption (“SBD”), such as those events described above, and addressing procedures by which loss of business may be minimized or avoided in the event of an SBD.
Level 3 - Medium—(Minor Business Disruption) A single user is unable to operate with no available work around.
Level 2 - High—(Major Business Disruption) Critical user or user group unable to operate, or the business unit is experiencing a significant reduction in system performance.
Level 1 - Critical—(Severe Business Disruption) The business unit or subunit is unable to operate; critical system component failed or severely impaired.
RIDE RIGHT shall submit the Business Disruption Notification using the template provided as a guideline.
Buyer has funds on hand sufficient to enable Buyer to pay the Business Disruption Termination Fee, if so required.
Systems Outage Notification (Business Disruption Notification) 10 Notification of a Phone or System outage affecting NET Services.
Our plan addresses the possibility of a future Significant Business Disruption ("SBD") and how we plan to respond to events of varying scope.
The NSSC currently operates under a Continuity of Operations Plan (COOP) and a Business Disruption Plan.
Most Home's policy is to respond to a Significant Business Disruption ("SBD") by safeguarding employees lives and firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the company's books and records, and allowing our customers to transact business.