Common use of State Street Non-Performance Clause in Contracts

State Street Non-Performance. (i) If State Street becomes aware of a situation where it has failed or intends to fail (or a Subcontractor has failed or intends to fail) to comply with the Service Levels, or otherwise with its other obligations under a Service Module in any material respect, State Street will promptly inform the applicable Authorized Person of such situation, the situation’s impact or expected impact and State Street’s action plan to minimize or eliminate such impact. (ii) State Street 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) State Street will inform such Authorized Person of any steps State Street is taking or will take to minimize, eliminate or remediate such impact, and the projected actual completion (or delivery) time. Master Services Agreement 8 BTC | State Street CONFIDENTIAL

State Street Non-Performance. (i) If State Street becomes aware of a situation where it has failed or intends to fail (or a Subcontractor has failed or intends to fail) to comply with the Service Levels, or otherwise with its other obligations under a Service Module in any material respect, State Street will promptly inform the applicable Authorized Person of such situation, the situation’s impact or expected impact and State Street’s action plan to minimize or eliminate such impact. (ii) State Street 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) State Street will inform such Authorized Person of any steps State Street is taking or will take to minimize, eliminate or remediate such impact, and the projected actual completion (or delivery) time. Master Services Agreement 8 BTC | State Street CONFIDENTIAL.

State Street Non-Performance. (i) If State Street becomes aware of a situation where it has failed or intends to fail (or a Subcontractor has failed or intends to fail) to comply with the Service Levels, or otherwise with its other obligations under a Service Module in any material respect, State Street will promptly inform the applicable Authorized Person of such situation, the situation’s impact or expected impact and State Street’s action plan to minimize or eliminate such impact. (ii) State Street 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) State Street will inform such Authorized Person of any steps State Street is taking or will take to minimize, eliminate or remediate such impact, and the projected actual completion (or delivery) time. Master Services Agreement 8 BTC | State Street CONFIDENTIALStreet