Critical Business Functions definition

Critical Business Functions means, with respect to the Services or the Platform, the actions, activities and operations of Provider that enable merchants, sellers or other end users of services to (a) order, request, use or purchase Services from Provider, (b) pay or receive payments from merchants, sellers or other users of services in any manner offered by Provider, including the web or client-end application interface for merchants, sellers or other customers of services to accept payment and for Members to fund accounts and transfer payments, processing and settling such payments, and the maintenance of records of transactions and balances through the accounts of End Customers and merchants, sellers and other customers of services, and (c) commence, register for, or cancel the Services.
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Examples of Critical Business Functions in a sentence

  • The Critical Business Functions (CBF) used to perform the calculation for CSM Response Time will be as follows: [**].

  • Any request for credit under Section 3.6.2(i)-(iv) must be made within fifteen (15) days of performance failure following the month in which the failure occurred, and shall include date time and duration of the interruption as well as a specific list of Critical Business Functions that were unavailable.

  • If the Consultant does not meet the response time requirements set forth in Exhibit “B”, the City shall be entitled to a $250 credit for each full business day the City does not get a response and one or more Critical Business Functions is unavailable.

  • Key Contacts; Critical Business Functions; Recovery Location; Vital Records; Critical Telephone Numbers; Supplies; Equipment/Machinery/Vehicles; Computer Equipment and Software; Voice/Data Communications; Miscellaneous Resources; Disaster Response Checklist All Staff employed by Provider shall receive training on these plans as part of their orientation and annually thereafter.

  • Critical Business Functions – Any service that is essential to support the survival of the enterprise as identified in the AXP Business Impact Analysis report.

  • If the Consultant does not resolve Priority 1 reported issues within five (5) business days or provide a suitable workaround within such time, such that one or more Critical Business Functions is unavailable, the City shall be entitled to a $250 credit for each day the City cannot perform the Critical Business Function(s) after the 5 days period has lapsed.

  • The Plan contains all the necessary information needed to ensure continuity of Critical Business Functions and business unit recovery.

  • If ▇▇▇▇▇ Systems or Cambridge Technology, as the case may be, does not cure the failure within two business days following its receipt of the notice (or, if the failure cannot be cured within such two business day period, provide Client with a work- around or other solution that permits Client to perform its Critical Business Functions), then this Agreement will terminate with respect to either the PSC Services or the Cambridge Services, as the case may be, as of the date specified in the notice.

  • Consultant shall resolve Priority 1 issues, as set forth in Exhibit “B”, within a commercially reasonable period of time not to exceed five (5) business days, or provide a suitable workaround for Critical Business Functions.

  • All Critical Business Functions and data centers supporting AXP are identified, along with the Vendor physical locations/addresses.