Computer Failure definition

Computer Failure means the total or partial failure of, or inability to operate, the computers or any other information technology used by OpenMarkets (including without limitation any software, hardware or communications systems) used by OpenMarkets to provide the Services as a result of a power failure, inability to access the building, computer hardware or software failure, fire or any other reason whatever, whether as a result of OpenMarkets’ default or otherwise.
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Examples of Computer Failure in a sentence

  • OpenMarkets must use its reasonable endeavours to remedy a Computer Failure affecting performance of this agreement.

  • The obligations under this agreement of OpenMarkets are suspended, except for OpenMarkets’ Clearing Obligations in respect of the Transactions that have already been executed by the Licensee at the time the Licensee is advised of the Computer Failure, to the extent they are affected by the Computer Failure, from the time of the Computer Failure until as soon as practicable after the cessation of the Computer Failure.

Related to Computer Failure

  • Service Level Failure means a failure to perform the Software Support Services fully in compliance with the Support Service Level Requirements.

  • Technical Failure means a student’s score below the minimum pass mark set by the Institute

  • Service Failure means a failure by the Contractor to provide the Services in accordance with any individual service level described above (measured on a monthly/quarterly/annual basis)

  • Supply Failure shall have the meaning ascribed to it in Section 2.8.

  • Persistent Failure means any two (2) or more failures by the Supplier in any rolling period of twelve (12) months to comply with obligations in respect of the Contract Services under the Contract;