Execution Quality Service Levels Sample Clauses

Execution Quality Service Levels. (a) The Company shall use commercially reasonable efforts, consistent with its duty of best execution, to obtain the most favorable terms reasonably available for Covered Orders to fulfill the Execution Quality Service Levels set forth in Schedule A to this Agreement as may be modified pursuant to this Section 2.3 or Schedule A to this Agreement. (b) The Company and Parent and/or E*TRADE Securities may, from time to time, mutually agree in writing on changes to the Execution Quality Service Levels, including those changes contemplated by Schedule A to this Agreement. (c) The Company and Parent shall establish a committee (the “Execution Quality Committee”) to provide a forum for discussion regarding routing and execution practices and resolution of disputes with respect to Covered Orders. In no event shall the Execution Quality Committee have the power to bind any Party (including the power to amend or otherwise alter the terms of this Agreement). (d) Following the date of this Agreement, if the aggregate mix of Covered Order types or the aggregate mix of the types of securities, customers or commission levels underlying the Covered Orders routed to the Company shall materially change from the Existing Order Flow (such material change, an “Order Flow Change”), the Company and Parent and/or E*TRADE Securities shall discuss in good faith and reasonably agree in writing on changes to this Agreement, including the Execution Quality Service Levels, that would allow them to preserve, as equitably as possible, their respective commercial expectations in respect of this Agreement as of the date of this Agreement, notwithstanding such Order Flow Change. It is understood that the Parties, in agreeing to such changes to this Agreement, shall also reasonably agree in writing to modify the definition of Existing Order Flow to reflect the Order Flow Change. (e) Following the date of this Agreement, if the transaction product types offered or otherwise made available by Parent or any of its Affiliates shall materially change from the Existing Products (such material change, a “Products Change”) the Company and Parent and/or E*TRADE Securities shall discuss in good faith and reasonably agree in writing on changes to this Agreement, including the Execution Quality Service Levels, that would allow them to preserve, as equitably as possible, their respective commercial expectations in respect of this Agreement as of the date of this Agreement, notwithstanding such Products C...
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Execution Quality Service Levels. (i) The Company shall use reasonable diligence to identify the best available market for Orders to fulfill the Execution Quality Service Levels set forth in Schedule A as may be modified pursuant to Section 2.4(a)(ii). (ii) The Company and Schwab may mutually agree in writing on changes to the Execution Quality Service Levels; provided, however, that any such agreement shall, if applicable, include an allocation of the direct or indirect costs of such revised Execution Quality Service Levels between the Company and Schwab, it being understood that where such changes are required for competitive reasons, negotiations will be conducted with a view to Schwab bearing the majority of such costs, and where such changes are required due to changes in Legal Requirements (including as a consequence of changes in industry practice), negotiations will be conducted with a view to the Company bearing the majority of such costs. (iii) In addition to the execution quality and order routing review processes maintained by each of Schwab and the Company, the Company and Schwab shall establish an advisory committee (the "Execution Quality Committee") to provide a forum for discussion regarding routing and execution practices and resolution of disputes with respect to Covered Orders and to discuss such matters relating to this Agreement as they from time to time agree. The Execution Quality Committee shall meet (in person or telephonically) on a not less than quarterly basis at a time and place mutually agreed to by the Company and Schwab. Initially the Execution Quality Committee shall be comprised of three (3) representatives of the Company and three (3) representatives of Schwab, which representatives shall be employees or officers of the such Parties or of such Parties' Affiliates and may be replaced from time to time by each of the respective Parties by giving notice to the other Party. In no event will the Execution Quality Committee have the power to bind any Party (including the power to amend or otherwise alter the terms of this Agreement). (iv) Schwab shall assess routing and execution in accordance with the methodology set forth in Schedule A in conformance with its duty of best execution.
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Related to Execution Quality Service Levels

  • Service Levels All service level requirements will be set forth in Exhibit A (“▇▇▇▇.▇▇▇ Referral Service Level Requirements”). Recipient ▇▇▇▇▇▇ agrees to adhere, and encourage Recipient Agent’s adherence, with the version of the ▇▇▇▇.▇▇▇ Referral Service Level Requirements in effect at the time ▇▇▇▇.▇▇▇ identifies the Referral to Recipient Broker/Agent.

  • Quality Service Standards Price Services and the Fund may from time to time agree to certain quality service standards, as well as incentives and penalties with respect to Price Services’ Services hereunder.

  • Service Level In the event that League InfoSight discovers or is notified by you of the existence of Non-Scheduled Downtime, we will use commercially reasonable efforts to determine the source of the problem and attempt to resolve it as quickly as possible.

  • Attachment A, Scope of Services The scope of services is amended as follows:

  • Service Specification The Parties have agreed upon the scope and specification of the Services provided under this Service Agreement in the Service Specification.