Common use of Audit Follow-Up Clause in Contracts

Audit Follow-Up. At the conclusion of an audit or examination, State Street will cooperate with the applicable BTC Recipients to provide factual concurrence with issues identified in the review. State Street and such BTC Recipients will meet to review each final audit report promptly after the issuance thereof. Master Services Agreement 33 BTC | State Street CONFIDENTIAL (b) Compliance Corrections. If an audit reveals any breach by State Street with any of its material obligations under a Service Module and State Street is notified of such breach, State Street will promptly use Commercially Reasonable Efforts to cure such breach, provided such breach is capable of cure. To the extent that any BTC Recipient becomes aware of a breach revealed by an audit, such BTC Recipient will notify State Street of such breach.