BUSINESS CONTINUITY/DISASTER RECOVERY. In the event of equipment failure, work stoppage, governmental action, terrorism or related threats to security, communication disruption or other impossibility of performance beyond the Accounting Agent’s control, the Accounting Agent shall take reasonable steps, consistent with industry standards, to minimize service interruptions. The Accounting Agent shall enter into and shall maintain in effect, at all times during the term of this Agreement, with appropriate parties one or more agreements making reasonable provision for (i) periodic back-up of the computer files and data with respect to the Companies and Accounts; and (ii) emergency use of electronic data processing equipment to provide services under this Agreement. Upon reasonable request, the Fund Accounting Agent shall discuss with senior management of the Companies and Accounts such disaster recovery plan and/or provide a high-level presentation summarizing such plan.
Appears in 6 contracts
Samples: Master Accounting Services Agreement (Elfun Income Fund), Master Accounting Services Agreement (Elfun Tax Exempt Income Fund), Master Accounting Services Agreement (Elfun International Equity Fund)
