Common use of No Obligation to Act Clause in Contracts

No Obligation to Act. 22.1 HML shall not be obliged to perform any of the duties and obligations under this Agreement or the Administration Agreement to the extent that it is prevented or restricted from doing so as a result of any events or circumstances beyond its reasonable control (including, without limitation, any present or future law or regulation or any act of any governmental authority) but only for so long as it is prevented from so performing such duties and obligations. 22.2 For the avoidance of doubt, if HML has invoked its "Business Continuity Plan" for any reason, HML shall provide the relevant Services as soon as reasonably practicable and in any event within 60 days of restoration of normal business services.

Appears in 7 contracts

Samples: Substitute Administrator Agreement, Substitute Administrator Agreement, Substitute Administrator Agreement

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No Obligation to Act. 22.1 23.1 HML shall not be obliged to perform any of the duties and obligations under this Agreement or the Administration Agreement to the extent that it is prevented or restricted from doing so as a result of any events or circumstances beyond its reasonable control (including, without limitation, any present or future law or regulation or any act of any governmental authority) but only for so long as it is prevented from so performing such duties and obligations. 22.2 23.2 For the avoidance of doubt, if HML has invoked its "Business Continuity Plan" for any reason, HML shall provide the relevant Services as soon as reasonably practicable and in any event within 60 days of restoration of normal business services.

Appears in 2 contracts

Samples: Substitute Administrator Agreement, Substitute Administrator Agreement

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