Common use of Purpose of Consultation Procedure Clause in Contracts

Purpose of Consultation Procedure. The purpose of the consultation procedure is to endeavor to resolve repeated related failures to meet the provisions of a Service Level Document. If a consultation occurs under this Section 4, all Parties must negotiate in good faith to endeavor to: (a) implement changes which will enable the Service Level Document provisions to be more regularly met – such changes may include, but are not limited to, modification of the respective operational resources of one or more Parties; (b) agree to alternative Service Level Document provisions which meet the Parties’ respective business requirements; or (c) otherwise find a solution such that within 30 days after the consultation, the inability to meet the Service Level Document provisions is reasonably expected to be less likely to occur in the future.

Appears in 20 contracts

Samples: Accounting Services Agreement (Columbia Funds Master Investment Trust, LLC), Financial Reporting Services Agreement (Columbia Funds Master Investment Trust, LLC), Financial Reporting Services Agreement (Excelsior Funds Inc)

AutoNDA by SimpleDocs

Purpose of Consultation Procedure. The purpose of the consultation procedure is to endeavor to resolve repeated related failures to meet the provisions of a Service Level Document. If a consultation occurs under this Section 4, all Parties must negotiate in good faith to endeavor to: (a) implement changes which will enable the Service Level Document provisions to be more regularly met - such changes may include, but are not limited to, modification of the respective operational resources of one or more Parties; (b) agree to alternative Service Level Document provisions which meet the Parties’ respective business requirements; or (c) otherwise find a solution such that within 30 days after the consultation, the inability to meet the Service Level Document provisions is reasonably expected to be less likely to occur in the future.

Appears in 3 contracts

Samples: Financial Reporting Services Agreement, Accounting Services Agreement (BofA Funds Series Trust), Financial Reporting Services Agreement (BofA Funds Series Trust)

AutoNDA by SimpleDocs

Purpose of Consultation Procedure. The purpose of the consultation procedure is to endeavor to resolve repeated related failures to meet the provisions of a Service Level Document. If a consultation occurs under this Section 44.0, all Parties must negotiate in good faith to endeavor to: (a) implement changes which will enable the Service Level Document provisions to be more regularly met – met, such changes may include, but are not limited to, modification of the either or both Parties’ respective operational resources of one or more Partiesresources; (b) agree to alternative Service Level Document provisions which meet the Parties’ respective business requirements; or (c) otherwise find a solution such that within 30 days after the consultation, the inability to meet the Service Level Document provisions is reasonably expected to be less likely to occur in the future.

Appears in 1 contract

Samples: Sub Administration Agreement (BofA Funds Series Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!