Duty to Remedy. In the event that (a) a Party cannot demonstrate the existence of adequate controls under Section 5.6(a) or Section 5.6(b), as applicable, or (b) an audit under Section 5.7 identifies noncompliance with a Requirement of Law, the Party providing the applicable Service shall remedy such lack of controls or noncompliance, as applicable, in a commercially reasonable time and manner.
Appears in 3 contracts
Samples: Transition Services Agreement (Legg Mason Inc), Capital Markets Transition Services Agreement (Legg Mason Inc), Private Client Transition Services Agreement (Legg Mason Inc)
Duty to Remedy. In the event that (a) a Party cannot demonstrate the existence of adequate controls under in accordance with Section 5.6(a) or Section 5.6(b), as applicable5.6, or (b) an audit under Section 5.7 identifies noncompliance with a Requirement of an applicable Law, the Party providing the applicable Service shall remedy such lack of controls or noncompliance, as applicable, in a commercially reasonable time and manner.
Appears in 3 contracts
Samples: Master Services Agreement, Master Services Agreement (Bank of Chile), Master Services Agreement (Bank of Chile)
Duty to Remedy. In the event that (a) a Party cannot demonstrate the existence of adequate controls under in accordance with Section 5.6(a) or Section 5.6(b), as applicable5.5, or (b) an audit under Section 5.7 5.6 identifies noncompliance with a Requirement of an applicable Law, the Party providing the applicable Service shall remedy such lack of controls or noncompliance, as applicable, in a commercially reasonable time and manner.
Appears in 2 contracts
Samples: Master Services Agreement (Bank of Chile), Master Services Agreement (Bank of Chile)
