Common use of For Enduring Force Majeure Events Clause in Contracts

For Enduring Force Majeure Events. If a Force Majeure Event substantially prevents or delays performance of Services necessary for the performance of functions reasonably identified by a BTC Recipient as critical for more than three (3) consecutive days, then: (A) in the case of an Industry Event, such BTC Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and affected Services, as of a date specified by such BTC Recipient in a written notice of termination to State Street, if State Street is unable to restore the Services to the extent any market impacted by such Industry Event resumes trading or trading support activities relating to such market are occurring (e.g., settlement, corporate actions, etc.). In case of such a termination, State Street’s fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services; (B) for all other Force Majeure Events, at the option of such BTC Recipient, such BTC Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and Services so affected, as of a date specified by such BTC Recipient in a written notice of termination to State Street, in which case, State Street’s fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services.

For Enduring Force Majeure Events. If a Force Majeure Event substantially prevents or delays performance of Services necessary for the performance of functions reasonably identified by a BTC BFA Recipient as critical for more than three (3) consecutive days, then: (A) in the case of an Industry Event, such BTC BFA Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and affected Services, as of a date specified by such BTC BFA Recipient in a written notice of termination to State Street, if State Street is unable to restore the Services to the extent any market impacted by such Industry Event resumes trading or trading support activities relating to such market are occurring (e.g., settlement, corporate actions, etc.). In case of such a termination, State Street’s fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services; ; (B) for all other Force Majeure Events, at the option of such BTC BFA Recipient, such BTC BFA Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and Services so affected, as of a date specified by such BTC BFA Recipient in a written notice of termination to State Street, in which case, State Street’s fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services.. Information Classification: Confidential Master Services Agreement -00- XXX-Xxxxx Xxxxxx Xxxxxxxxxxxx

For Enduring Force Majeure Events. If a Force Majeure Event substantially prevents or delays performance of Services necessary for the performance of functions reasonably identified by a BTC Recipient as critical for more than three (3) consecutive days, then: (A) in the case of an Industry Event, such BTC Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and affected Services, as of a date specified by such BTC Recipient in a written notice of termination to State Street, if State Street is unable to restore the Services to the extent any market impacted by such Industry Event resumes trading or trading support activities relating to such market are occurring (e.g., settlement, corporate actions, etc.). In case of such a termination, State Street’s fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services; Master Services Agreement 23 BTC | State Street CONFIDENTIAL (B) for all other Force Majeure Events, at the option of such BTC Recipient, such BTC Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and Services so affected, as of a date specified by such BTC Recipient in a written notice of termination to State Street, in which case, State Street’s fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services.

For Enduring Force Majeure Events. If a Force Majeure Event substantially prevents or delays performance of Services necessary for the performance of functions reasonably identified by a BTC Recipient as critical for more than three (3) consecutive days, then: (A) in the case of an Industry Event, such BTC Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and affected Services, as of a date specified by such BTC Recipient in a written notice of termination to State Street, if State Street is unable to restore the Services to the extent any market impacted by such Industry Event resumes trading or trading support activities relating to such market are occurring (e.g., settlement, corporate actions, etc.). In case of such a termination, State Street’s 's fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services; ; (B) for all other Force Majeure Events, at the option of such BTC Recipient, such BTC Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and Services so affected, as of a date specified by such BTC Recipient in a written notice of termination to State Street, in which case, State Street’s 's fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services.

For Enduring Force Majeure Events. If a Force Majeure Event substantially prevents or delays performance of Services necessary for the performance of functions reasonably identified by a BTC Recipient as critical for more than three (3) consecutive days, then: (A) in the case of an Industry Event, such BTC Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and affected Services, as of a date specified by such BTC Recipient in a written notice of termination to State Street, if State Street is unable to restore the Services to the extent any market impacted by such Industry Event resumes trading or trading support activities relating to such market are occurring (e.g., settlement, corporate actions, etc.). In case of such a termination, State Street’s fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services; Master Services Agreement 23 BTC | State Street (B) for all other Force Majeure Events, at the option of such BTC Recipient, such BTC Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and Services so affected, as of a date specified by such BTC Recipient in a written notice of termination to State Street, in which case, State Street’s fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services.

For Enduring Force Majeure Events. If a Force Majeure Event substantially prevents or delays performance of Services necessary for the performance of functions reasonably identified by a BTC BGI Recipient as critical for more than three (3) consecutive days, then: (A) in the case of an Industry Event, such BTC BGI Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and affected Services, as of a date specified by such BTC BGI Recipient in a written notice of termination to State Street, if State Street is unable to restore the Services to the extent any market impacted by such Industry Event resumes trading or trading support activities relating to such market are occurring (e.g., settlement, corporate actions, etc.). In case of such a termination, State Street’s 's fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services; ; (B) for all other Force Majeure Events, at the option of such BTC BGI Recipient, such BTC BGI Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and Services so affected, as of a date specified by such BTC BGI Recipient in a written notice of termination to State Street, in which case, State Street’s 's fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services.

For Enduring Force Majeure Events. If a Force Majeure Event substantially prevents or delays performance of Services necessary for the performance of functions reasonably identified by a BTC Recipient as critical for more than three (3) consecutive days, then: (A) in the case of an Industry Event, such BTC Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and affected Services, as of a date specified by such BTC Recipient in a written notice of termination to State Street, if State Street is unable to restore the Services to the extent any market impacted by such Industry Event resumes trading or trading support activities relating to such market are occurring (e.g., settlement, corporate actions, etc.). In case of such a termination, State Street’s fees under such Service Modules will Master Services Agreement 23 BTC | State Street CONFIDENTIAL be equitably adjusted as necessary to reflect the value of any remaining Services; ; (B) for all other Force Majeure Events, at the option of such BTC Recipient, such BTC Recipient may (with respect to itself only) terminate all or any portion of the Service Modules and Services so affected, as of a date specified by such BTC Recipient in a written notice of termination to State Street, in which case, State Street’s fees under such Service Modules will be equitably adjusted as necessary to reflect the value of any remaining Services.