Changes to Laws. (1) BNY Mellon shall promptly notify Voya of changes in Law of which it becomes aware that may relate to Voya’s use of the Services or BNY Mellon’s delivery of the Services. The Parties shall work together to identify the impact of such changes on Voya’s use and BNY Mellon’s delivery of the Services. (2) Each Party shall bear the cost to comply with changes in Law applicable to such Party. If any other customer of BNY Mellon requires a change to the services similar to the Services that it receives from BNY Mellon to account for a change in Law applicable to Voya, BNY Mellon shall apportion such costs among its affected customers on an equitable basis and any labor resources required by BNY Mellon to complete such changes shall be calculated based the rates agreed upon by the Parties based on BNY Mellon’s then-current rates for such services; provided, however, that between the Parties, BNY Mellon shall be solely responsible for BNY Mellon’s costs resulting from implementing changes to BNY Mellon Systems that are necessary to comply with Law.
Appears in 15 contracts
Samples: Fund Administration Support Services Agreement (Voya Enhanced Securitized Income Fund), Fund Administration Support Services Agreement (Voya MUTUAL FUNDS), Fund Administration Support Services Agreement (Voya Separate Portfolios Trust)
