How is Network Outage defined in a legal contract?
- Network Outage means any total or partial unavailability of machinery, gear, strategy, and structures used to transmit, and manage the transmission of electricity that does not include network outages of short duration. Seen in 5 SEC filings
- Network Outage means an unpredicted interval during which the Service is interrupted and unfunctional for a substantially long period within a 15-minute frame, as assessed by the provider. Seen in 5 SEC filings
- Network Outage means an occurrence where no data can go in or out of the selected point of presence (PoP) at which the customer joins the 20C backbone for an uninterrupted duration of more than a quarter. Network outages do not include scheduled and emergency maintenance. Seen in 3 SEC filings
- Network Outage is defined as any disruption caused by any third-party network connectivity and software that is beyond the direct control of the entity. Seen in 2 SEC filings
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Network Outage means a disruption causing total or partial inaccessibility to a service or system, regardless of duration.
Relevant Contract Types
Relevant Circumstances
- Network maintenance
- Service disruptions
- System upgrades
Relevant Sectors
Genie Definition 2
- Network Outage means the unanticipated lack of functionality in a service, particularly during data transmission over a specified point of presence (PoP).
Relevant Contract Types
Relevant Circumstances
- Data transmission of large volumes
- Service disruptions in data transmission points
- Unexpected network issues
Relevant Sectors
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Network Outage means a disruption causing total or partial inaccessibility to a service or system, regardless of duration.
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