Common use of Disputed Charges Clause in Contracts

Disputed Charges. Each BFA Recipient or BFA, on behalf of each BFA Recipient, will pay all charges (other than those that are disputed in accordance with the terms hereof) when those payments are due. A BFA Recipient (or BFA, on behalf of a BFA Recipient), may withhold payment of particular charges that the BFA Recipient (or BFA, on behalf of the BFA Recipient), disputes in good faith; provided, however, that such BFA Recipient (or BFA, on behalf of such BFA Recipient), sends Provider a written statement of the disputed portions within ninety (90) days of the time of the applicable withholding, stating in reasonable detail the nature of and reason for any such dispute. The Parties will work diligently and in good faith to effect an expeditious resolution of any such dispute. Except as otherwise agreed by the Parties from time to time, in no event will any BFA Recipient (or BFA, on behalf of any BFA Recipient), have the right to withhold any payment of any invoiced fees or expenses on the basis of dissatisfaction with the quality of the Services.

Appears in 7 contracts

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

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Disputed Charges. Each BFA Recipient or BFA, on behalf of each BFA Recipient, will pay all charges (other than those that are disputed in accordance with the terms hereof) when those payments are due. A BFA Recipient (or BFA, on behalf of a BFA Recipient), Information Classification: Confidential Master Services Agreement 21 BFA | State Street CONFIDENTIAL may withhold payment of particular charges that the BFA Recipient (or BFA, on behalf of the BFA Recipient), disputes in good faith; provided, however, however that such BFA Recipient (or BFA, on behalf of such BFA Recipient), sends Provider State Street a written statement of the disputed portions within ninety (90) days of the time of the applicable withholding, withholding stating in reasonable detail the nature of and reason for any such dispute. The Both Parties will work diligently and in good faith to effect an expeditious resolution of any such dispute. Except as otherwise agreed by the Parties from time to time, in no event will any BFA Recipient (or BFA, on behalf of any BFA Recipient), have the right to withhold any payment of any invoiced fees or expenses on the basis of dissatisfaction with the quality of the Services.

Appears in 3 contracts

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

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