Common use of Performance Shortfalls Clause in Contracts

Performance Shortfalls. In the event that DST violates the Performance Standard for any KPI (hereinafter, a “Performance Shortfall”), DST shall contact the Trust to discuss the causes of the Performance Shortfall and the remedial actions that shall be taken to improve performance. Within a mutually agreeable period after such discussion, DST shall prepare and present to the Trust a corrective action plan to address and correct the cause of the Performance Shortfall.

Appears in 2 contracts

Samples: Agency Agreement (Bishop Street Funds), Agency Agreement (Advisors' Inner Circle Fund III)

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Performance Shortfalls. In the event that DST violates the Performance Standard for any KPI (hereinafter, a "Performance Shortfall”), ") DST shall contact the Trust to discuss the causes of the Performance Shortfall and the remedial actions that shall be taken to improve performance. Within a mutually agreeable period after such discussion, DST shall prepare and present to the Trust a corrective action plan to address and correct the cause of the Performance Shortfall.

Appears in 1 contract

Samples: Agency Agreement (Advisors' Inner Circle Fund II)

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Performance Shortfalls. In the event that DST violates the Performance Standard for any KPI (hereinafter, a “Performance Shortfall”), . DST shall contact the Trust to discuss the causes of the Performance Shortfall and the remedial actions that shall be taken to improve performance. Within a mutually agreeable period after such discussion, DST shall prepare and present to the Trust a corrective action plan to address and correct the cause of the Performance Shortfall.

Appears in 1 contract

Samples: Agency Agreement (Advisors' Inner Circle Fund)

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