Key Service Failure definition
Key Service Failure means, in respect of any Services provided under the Effective Date SOW, (a) any Priority Level 1 Incident, or any Incident that results in a failure to process Services Cards status updates, lasting greater than 5 days; (b) any deliberate cessation of a material portion of the Services for a period lasting greater than 6 hours without a bona fide attempt to resume such portion of the Services or to remedy the cause of such cessation (other than a suspension of Services expressly provided for in this Agreement); (c) Supplier ceases to do business as a going concern, is unable to pay its debts as they become due, files or becomes the subject of a petition in bankruptcy, appoints a receiver, acquiesces in the appointment of a receiver or trustee, becomes insolvent, makes an assignment for the benefit of creditor, goes into liquidation or receivership or otherwise loses legal control of its business; or (d) the Province reasonably anticipates that any one or more of the events described in paragraph (a), (b) or (c), above, may occur.
Examples of Key Service Failure in a sentence
If Supplier suspects or becomes aware of any circumstance or event that could reasonably give rise to a Key Service Failure or reasonably believes that a Key Service Failure may occur, Supplier will immediately notify the Province of the same.
Upon a Key Service Failure, Supplier will deliver to the Province or its designee the Transition Materials.