Co-Location of Employees. (a) The BTC Recipients will be entitled to collectively co-locate up to five (5) of their employees in each of the facilities used by Covered Persons and/or iGroup (“BTC Co-Located Employees”) (i.e., up to a total of ten (10) such employees), subject to State Street’s right to object in good faith to any specific employee for regulatory or security reasons. Master Services Agreement 13 BTC | State Street CONFIDENTIAL (b) BTC Co-Located Employees shall be entitled to monitor the Service Center Services, the Institutional Services and/or iGroup Services subject to reasonable restrictions as State Street shall determine, provided that: (i) such restrictions shall not unduly inhibit such BTC Co-Located Employees’ ability to monitor State Street’s compliance with the Service Levels; and (ii) such BTC Co-Located Employees shall not be entitled to give instructions or directions to any State Street Personnel unless such direction constitutes Proper Instructions.
Appears in 3 contracts
Samples: Master Services Agreement (iShares U.S. ETF Trust), Master Services Agreement (iShares U.S. ETF Company, Inc.), Master Services Agreement (iShares MSCI Russia Capped Index Fund, Inc.)
Co-Location of Employees. (a) The BTC Recipients will be entitled to collectively co-locate up to five (5) of their employees in each of the facilities used by Covered Persons and/or iGroup (“BTC Co-Co- Located Employees”) (i.e., up to a total of ten (10) such employees), subject to State Street’s right to object in good faith to any specific employee for regulatory or security reasons. Master Services Agreement 13 BTC | State Street CONFIDENTIAL (b) BTC Co-Located Employees shall be entitled to monitor the Service Center Services, the Institutional Services and/or iGroup Services subject to reasonable restrictions as State Street shall determine, provided that: (i) such restrictions shall not unduly inhibit such BTC Co-Located Employees’ ability to monitor State Street’s compliance with the Service Levels; and (ii) such BTC Co-Located Employees shall not be entitled to give instructions or directions to any State Street Personnel unless such direction constitutes Proper Instructions.
Appears in 2 contracts
Samples: Master Services Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC), Master Services Agreement (iSHARES TRUST)
