Common use of Governance, Meetings and Reports Clause in Contracts

Governance, Meetings and Reports. BRIL acknowledges and agrees that one of the key business requirements of the Funds is for BRIL to provide the ETF Services in a consistent, integrated manner. To meet such requirement, BRIL will organize its relationship with the Funds and its service delivery team in accordance with the processes and procedures set forth in Exhibit C and this Section 2. BRIL and BFA, on behalf of the Funds, will meet bi-annually to discuss the performance of the ETF Services and mutually agree to any changes to the Service Levels as necessary to accurately reflect the then-current Service Levels. During such bi-annual discussions, the parties shall review the Service Levels and make adjustments to them as appropriate to reflect changing business needs or improved performance capabilities associated with advances in technology and methods used to perform the ETF Services. BRIL and BFA, on behalf of the Funds, will meet annually to discuss and mutually agree to any changes to the ETF Servicing Fees (as defined in Section 4.01), subject to approval by the Companies.

Governance, Meetings and Reports. BRIL XXXX acknowledges and agrees that one of the key business requirements of the Funds Company is for BRIL to provide the ETF Services in a consistent, integrated manner. To meet such requirement, BRIL will organize its relationship with the Funds Company and its service delivery team in accordance with the processes and procedures set forth in Exhibit C B and this Section 2. BRIL and BFA, on behalf of the FundsCompany, will meet bi-annually to discuss the performance of the ETF Services and mutually agree to any changes to the Service Levels as necessary to accurately reflect the then-current Service Levels. During such bi-annual discussions, the parties shall review the Service Levels and make adjustments to them as appropriate to reflect changing business needs or improved performance capabilities associated with advances in technology and methods used to perform the ETF Services. BRIL and BFA, on behalf of the FundsCompany, will meet annually to discuss and mutually agree to any changes to the ETF Servicing Fees (as defined in Section 4.01), subject to approval by the CompaniesCompany.

Governance, Meetings and Reports. BRIL XXXX acknowledges and agrees that one of the key business requirements of the Funds is for BRIL to provide the ETF Services in a consistent, integrated manner. To meet such requirement, BRIL will organize its relationship with the Funds and its service delivery team in accordance with the processes and procedures set forth in Exhibit Schedule C and this Section 2. BRIL and BFA, on behalf of the Funds, will meet bi-annually to discuss the performance of the ETF Services and mutually agree to any changes to the Service Levels as necessary to accurately reflect the then-current Service Levels. During such bi-annual discussions, the parties shall review the Service Levels and make adjustments to them as appropriate to reflect changing business needs or improved performance capabilities associated with advances in technology and methods used to perform the ETF Services. BRIL and BFA, on behalf of the Funds, will meet annually to discuss and mutually agree to any changes to the ETF Servicing Fees (as defined in Section 4.01), subject to approval by the Companies.