Common use of Arrangements for information exchange Clause in Contracts

Arrangements for information exchange. The Participants provide each other duly and timely with all information necessary for the performance of their respective tasks. In particular, the ECB, in accordance with Paragraph 7.2.2, communicates promptly to the SRB any change relating to an Entity that necessitates the revision or update of the resolution plan for that Entity.

Arrangements for information exchange. The Participants duly provide each other duly and in a timely manner with all information necessary for the performance of their respective tasks. In particular, the ECB, in accordance with Paragraph 7.2.2, communicates promptly to the SRB any change relating to an Entity that necessitates the revision or update of the resolution plan for that Entity.