Common use of Compliance Corrections Clause in Contracts

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.

Appears in 3 contracts

Samples: Master Services Agreement (iShares Dow Jones-Ubs Roll Select Commodity Index Trust), Master Services Agreement (BlackRock Funds III), Master Services Agreement (iShares MSCI Russia Capped Index Fund, Inc.)

AutoNDA by SimpleDocs

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 BFA Recipient becomes aware of a breach revealed by an audit, such BTC BFA Recipient will notify State Street of such breach.

Appears in 3 contracts

Samples: Master Services Agreement (iShares U.S. ETF Trust), Master Services Agreement (iSHARES INC), Master Services Agreement (iSHARES TRUST)

AutoNDA by SimpleDocs

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 BGI Recipient becomes aware of a breach revealed by an audit, such BTC BGI Recipient will notify State Street of such breach.

Appears in 1 contract

Samples: Master Services Agreement (iShares MSCI Russia Capped Index Fund, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.