Common use of Resource Reprioritization Clause in Contracts

Resource Reprioritization. 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 hereunder, Provider will use Commercially Reasonable Efforts to reprioritize or reset the schedule for Provider Personnel’s existing work activities without impacting the established schedule for other tasks or the performance of the Services in accordance with the Standard of Care. If an impact cannot be avoided, Provider will promptly notify the applicable Authorized Person of the anticipated 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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Resource Reprioritization. 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 hereunder, Provider will use Commercially Reasonable Efforts to reprioritize or reset the schedule for Provider Personnel’s existing work activities without impacting the established schedule for other tasks or the performance of the Services in accordance with the Standard of Care. If an impact cannot be avoided, Provider will promptly notify the applicable Authorized Person of the anticipated impact.

Appears in 3 contracts

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

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