Common use of Compliance Corrections Clause in Contracts

Compliance Corrections. If an audit reveals any breach by Provider of any of its material obligations hereunder and Provider is notified of such breach, Provider will promptly use Commercially Reasonable Efforts to cure such breach, provided such breach is capable of cure. To the extent that any BFA Recipient becomes aware of a breach revealed by an audit, such BFA Recipient will notify Provider of such breach.

Appears in 6 contracts

Samples: Master Services Agreement (BlackRock ETF Trust), Master Services Agreement (iShares Ethereum Trust), Master Services Agreement (iShares Bitcoin Trust)

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Compliance Corrections. If an audit reveals any breach by Provider of any of its material obligations hereunder and Provider is notified of such breach, Provider will promptly use Commercially Reasonable Efforts to cure such breach, provided such breach is capable of cure. To the extent that any BFA Recipient Lending Fund becomes aware of a breach revealed by an audit, such BFA Recipient Lending Fund will notify Provider of such breach.

Appears in 3 contracts

Samples: Custody Services Agreement (iShares U.S. ETF Trust), Custody Services Agreement (iShares, Inc.), Custody Services Agreement (iSHARES TRUST)

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Compliance Corrections. If an audit reveals any breach by Provider of any of its material obligations hereunder and Provider is notified of such breach, Provider will promptly use Commercially Reasonable Efforts to cure such breach, provided such breach is capable of cure. To the extent that any BFA Master Services Agreement 61 Recipient becomes aware of a breach revealed by an audit, such BFA Recipient will notify Provider of such breach.

Appears in 1 contract

Samples: Master Services Agreement (BlackRock ETF Trust II)

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