Common use of Provider Non-Performance Clause in Contracts

Provider Non-Performance. (i) If Provider becomes aware of a situation where it has failed or reasonably expects to fail (or a Subcontractor has failed or reasonably expects to fail) to comply with the Service Levels, or otherwise with its other obligations under this Agreement in any material respect, Provider will promptly inform the applicable Authorized Person of such situation, the situation’s impact or expected impact and Provider’s action plan to minimize or eliminate such impact. (ii) Provider will promptly notify such Authorized Person upon becoming aware of any circumstances that may reasonably be expected to jeopardize the timely and successful completion or delivery of any Service, Project or deliverable. (iii) Provider will inform such Authorized Person of any steps Provider is taking or will take to minimize, eliminate or remediate such impact, and the projected actual completion (or delivery) time.

Appears in 7 contracts

Samples: Master Services Agreement (BlackRock ETF Trust), Master Services Agreement (iShares Ethereum Trust), Master Services Agreement (iShares Bitcoin Trust)

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