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.

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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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.

Appears in 3 contracts

Samples: Custody Services Agreement (iShares U.S. ETF Trust), Custody Services Agreement (iSHARES TRUST), Custody Services Agreement (iShares, Inc.)

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