Common use of Occurrence of any changes Clause in Contracts

Occurrence of any changes. Each party acknowledges that the position regarding recording of entitlement to Russian Securities is likely to change, and each party agrees that in the event of a material change during the continuance of the Custody Agreement and this Agreement they shall from time to time consider whether the terms of this Agreement remain pertinent to the then changed situation and shall discuss in good faith with the other party the appropriate course of action, including (where appropriate) whether this Agreement should be terminated. The Bank will endeavour to keep itself informed as to any change in the prevailing Russian system for recording entitlement to Russian Securities.

Occurrence of any changes. Each party acknowledges that the position regarding recording of entitlement to Russian Securities is likely to may change, and each party agrees that in the event of a material change during the continuance of the Custody Agreement and this Agreement they shall from time to time consider whether the terms of this Agreement remain pertinent to the then changed situation and shall discuss in good faith with the other party the appropriate course of action, including (where appropriate) whether this Agreement should be terminated. The Bank will endeavour exercise Reasonable Care to keep itself informed as to any change in the prevailing Russian system for recording entitlement to Russian Securities.