Exception Services Clause Samples
The Exception Services clause defines the procedures and conditions under which services outside the standard scope of an agreement may be requested or provided. Typically, this clause outlines how parties can identify, request, and approve additional or non-standard services, often specifying any associated costs, timelines, or approval processes. Its core practical function is to provide a clear framework for handling unforeseen or extra service needs, ensuring both parties understand how such requests are managed and reducing the risk of disputes over out-of-scope work.
Exception Services. For purposes of Section 9 below, transactions identified under Sections 2.1 and 2.2 of this Agreement shall be deemed exception services ("Exception Services") when such transactions: Require the Transfer Agent to use methods and procedures other than those usually employed by the Transfer Agent to perform services under Section 1 of this Agreement; Involve the provision of information to the Transfer Agent after the commencement of the nightly processing cycle of the TA2000 System; or
Exception Services. 2.1 Transactions identified under Section 1 of this Agreement shall be deemed exception services ("Exception Services"), which must be mutually agreed upon in advance, when such transactions: (a) Require the Transfer Agent to use methods and procedures other than those usually employed by the Transfer Agent to perform transfer agency and recordkeeping services; (b) Involve the provision of information to the Transfer Agent after the commencement of the nightly processing cycle of the Transfer Agent's recordkeeping system; or (c) Require more manual intervention by the Transfer Agent, either in the entry of data or in the modification or amendment of reports generated by the Transfer Agent's recordkeeping system than is normally required.
Exception Services. 2.1 Transactions shall be deemed exception services (“Exception Services”) when such transactions:
(a) Require the Sub-Transfer Agent to use methods and procedures other than those usually employed by the Sub-Transfer Agent to perform services under Section 1 of this Agreement;
(b) Involve the provision of information to the Sub-Transfer Agent after the commencement of the nightly processing cycle of the TA2000 System; or
(c) Require more manual intervention by the Sub-Transfer Agent, either in the entry of data or in the modification or amendment of reports generated by the TA2000 System than is usually required by non-retirement plan and pre-nightly transactions.
Exception Services. The following services are not part of State Street’s standard services. They will be provided by State Street only on an exception basis and only when expressly agreed upon by State Street in writing (“Exception Services”). The Standard of Care set forth in Section 3 of the Agreement is modified hereby with respect to Exception Services and State Street shall assume no responsibility and shall be without liability of any kind for any Losses suffered or incurred by the Fund in connection with State Street’s performance of the Exception Services.
Exception Services. Transactions identified under Section 1 of this Agreement shall be deemed exception services --------- ("Exception Services") when such transactions:
(a) Require the Sub-Transfer Agent to use methods and procedures other than those usually employed by the Sub-Transfer Agent to perform services under Section 1 of this Agreement; ---------
(b) Involve the provision of information to the Sub-Transfer Agent after the commencement of the nightly processing cycle of the TA2000 System; or
(c) Require more manual intervention by the Sub-Transfer Agent, including the entry of data or the modification or amendment of reports generated by the TA2000 System than is usually required. In the event the Transfer Agent requests that the Sub-Transfer Agent provide services that the Sub-Transfer Agent considers to be Exception Services, the parties shall agree in writing that the requested services are Exception Services. In such case, if the parties agree to the Sub-Transfer Agent providing such Exception Services the Sub-Transfer Agent shall he held to a lesser than negligence.
Exception Services