Mitigation of Damages. Upon the actual knowledge by any party of the occurrence of any event which may cause any loss, damage or expense to the party, the party shall as soon as reasonably practicable (i) notify the other party of the occurrence of such event and (ii) use its commercially reasonable efforts to take reasonable steps under the circumstances to mitigate or reduce the effects of such event and to avoid continuing harm to it.
Appears in 25 contracts
Samples: Master Global Custodial Services Agreement (John Hancock Funds III), Master Global Custodial Services Agreement (John Hancock Bond Trust), Master Global (John Hancock Funds II)
Mitigation of Damages. Upon the actual knowledge by any party of the occurrence of any event which may cause any loss, damage or expense to the party, the party shall as soon as reasonably practicable practicable: (i) notify the other party of the occurrence of such event event; and (ii) use its commercially reasonable efforts to take reasonable steps under the circumstances to mitigate or reduce the effects of such event and to avoid continuing harm to it.
Appears in 4 contracts
Samples: Escrow and Custody Agreement (Letterone Investment Holdings S.a.r.l.), Escrow and Custody Agreement (TELIA Co AB), Global Custodial Services Agreement
Mitigation of Damages. Upon the actual knowledge by any party of the occurrence of any event which may cause any loss, damage or expense Loss to the party, the party shall as soon as reasonably practicable (i) notify the other party of the occurrence of such event and (ii) use its commercially reasonable efforts to take reasonable steps under the circumstances to mitigate or reduce the effects of such event and to avoid continuing harm to it.
Appears in 2 contracts
Samples: Global Custodial Services Agreement (Altmfx Trust), Global Custodial Services Agreement (Altx Trust)
Mitigation of Damages. Upon the actual knowledge by any party of the occurrence of any event which may cause any loss, damage or expense to the party, the party shall as soon as reasonably practicable (i) notify the other party of the occurrence of such event and (ii) use its commercially reasonable efforts to take reasonable 302999559 v2 0306937.00100 steps under the circumstances to mitigate or reduce the effects of such event and to avoid continuing harm to it.
Appears in 1 contract
Samples: Global Custodial Services Agreement (Usaa Mutual Funds Trust)
