Examples of Designated Services in a sentence
Following receipt of such notice, Voya will notify BNY Mellon in writing of whether it (a) objects to such written legal opinion or BNY Mellon’s proposed course of action with respect to the Designated Services, or (b) has no objection to such legal opinion and BNY Mellon’s proposed course of action with respect to the Designated Services.
Although Voya’s failure to discharge its responsibilities hereunder in accordance with the Agreement may excuse BNY Mellon’s performance of related Designated Services in accordance with Section 3.12 of the FASSA, such failure shall not be deemed a breach of the Agreement by Voya.
If Voya notifies BNY Mellon in writing that it does not object or does not respond within 15 days, BNY Mellon may follow and rely upon such written legal opinion when performing the Designated Services.
Provided that Voya has not provided a conflicting Compliance Directive with respect to such Law, BNY Mellon may rely on such opinion with respect to its performance of the Designated Services and, provided it has complied with such opinion, BNY Mellon shall be excused from any liability to the extent based on such reliance and compliance.
In addition, BNY Mellon shall ensure (or shall have previously ensured when an individual was hired by BNY Mellon) that all members of the Service Delivery Organization that perform Designated Services in the United States are legally authorized to work in the United States.