Service Levels and Standards Sample Clauses

Service Levels and Standards. Scope This SLA applies to the transfer of portfolios of assets between Participants where those Participants are Members of TeX and have previously mutually agreed to support such transfers. An entity will be admitted to membership of TeX only after TeX (or the operator on TeX’s behalf) have undertaken the new applicant checks defined in the TeX By-laws. Members are responsible for undertaking any additional due diligence relating to other Members necessary to satisfy their own risk and compliance requirements and are not obliged to respond to requests or instructions from a given Member within the TeX process or this SLA unless and until this is complete. The use of the term Participant in this document implies that the relevant due diligence has been successfully completed. This SLA covers: The discovery and transfer of portfolios of assets (assets as detailed in Section 1.2.2) within customer accounts of type: General Investment Account (where assets are not held in a tax wrapper) Individual Savings Accounts, (as defined by UKETRG) UK pensions excluding any containing safeguarded benefits as defined in section 48(8) of the Pension Schemes Act 2015 The discovery and transfer of portfolios containing assets of type: UK investment funds (as defined by the UKETRG) Any other type of asset - including but not limited to equities, exchange traded funds, cash deposits, bonds, Trustee Investment Plans and property The re-registration with the underlying registrar of assets of type: UK investment funds (Non UK investment funds may be transferred using this SLA but must use the UKETRG market practice standards) The payment, by the Ceding Party, of all proceeds from asset redemptions and un-invested cash in the transferring portfolio to the Acquiring Party The conversion and then re-registration of an asset which needs to be converted from one share class to another prior to re- registration The scope of the service offered by each Participant will be recorded on the Register of Members. The following are outside the scope of this SLA: Any transfer involving a change of beneficial owner Any pensions containing safeguarded benefits as defined in section 48(8) of the Pension Schemes Act 2015. The re-registration of assets other than UK investment funds, which do not follow and use UKETRG standards. Advisor/investor initiation or communication, as each firm will employ their own account set-up and front-end processes. The FCA has stated that transfers between nominees...
AutoNDA by SimpleDocs
Service Levels and Standards 

Related to Service Levels and Standards

  • Service Level Standards In addition to all other requirements in this Agreement, and in accordance with the Best Claims Practices & Estimating Guidelines, Vendor shall use reasonable and good faith efforts to meet the Service Level Standards set forth below.

  • Design Criteria and Standards All PROJECTS/SERVICES shall be performed in accordance with instructions, criteria and standards set forth by the DIRECTOR.

  • Service Levels Annex 1 to this Part A of this Call Off Schedule sets out the Service Levels the performance of which the Parties have agreed to measure. The Supplier shall monitor its performance of this Call Off Contract by reference to the relevant performance criteria for achieving the Service Levels shown in Annex 1 to this Part A of this Call Off Schedule (the Service Level Performance Criteria) and shall send the Customer a Performance Monitoring Report detailing the level of service which was achieved in accordance with the provisions of Part B (Performance Monitoring) of this Call Off Schedule. The Supplier shall, at all times, provide the Services in such a manner that the Service Levels Performance Measures are achieved. If the level of performance of the Supplier of any element of the provision by it of the Services during the Call Off Contract Period: is likely to or fails to meet any Service Level Performance Measure or is likely to cause or causes a Critical Service Failure to occur, the Supplier shall immediately notify the Customer in writing and the Customer, in its absolute discretion and without prejudice to any other of its rights howsoever arising including under Clause 12 of this Call Off Contract (Service Levels and Service Credits), may: require the Supplier to immediately take all remedial action that is reasonable to mitigate the impact on the Customer and to rectify or prevent a Service Level Failure or Critical Service Level Failure from taking place or recurring; and if the action taken under paragraph (a) above has not already prevented or remedied the Service Level Failure or Critical Service Level Failure, the Customer shall be entitled to instruct the Supplier to comply with the Rectification Plan Process; or if a Service Level Failure has occurred, deduct from the Call Off Contract Charges the applicable Service Level Credits payable by the Supplier to the Customer in accordance with the calculation formula set out in Annex 1 of this Part A of this Call Off Schedule; or if a Critical Service Level Failure has occurred, exercise its right to Compensation for Critical Service Level Failure in accordance with Clause 13 of this Call Off Contract (Critical Service Level Failure) (including subject, for the avoidance of doubt, the proviso in Clause 13.1.2 of this Call Off Contract in relation to Material Breach). Approval and implementation by the Customer of any Rectification Plan shall not relieve the Supplier of any continuing responsibility to achieve the Service Levels, or remedy any failure to do so, and no estoppels or waiver shall arise from any such Approval and/or implementation by the Customer. SERVICE CREDITS Annex 1 to this Part A of this Call Off Schedule sets out the formula used to calculate a Service Credit payable to the Customer as a result of a Service Level Failure in a given service period which, for the purpose of this Call Off Schedule, shall be a recurrent period of [one Month] during the Call Off Contract Period (the Service Period).

  • 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.

  • LICENSES AND STANDARDS 17 5.1 CONTRACTOR warrants that it has all necessary licenses and permits 18 required by the laws of the United States, State of California, County of 19 Orange and all other appropriate governmental agencies to perform the services 20 described in this Agreement, and agrees to maintain these licenses and permits 21 in effect for the duration of this Agreement. Further, CONTRACTOR warrants 22 that its employees shall conduct themselves in compliance with such laws and 23 licensure requirements including, without limitation, compliance with laws 24 applicable to sexual harassment and ethical behavior.

  • Quality Standards Each Party agrees that the nature and quality of its products and services supplied in connection with the other Party's Marks will conform to quality standards set by the other Party. Each Party agrees to supply the other Party, upon request, with a reasonable number of samples of any Materials publicly disseminated by such Party which utilize the other Party's Marks. Each Party will comply with all applicable laws, regulations, and customs and obtain any required government approvals pertaining to use of the other Party's marks.

  • Performance Standards The Contractor agrees to perform all tasks and provide deliverables as set forth in the Contract. The Department and the Customer will be entitled at all times, upon request, to be advised as to the status of work being done by the Contractor and of the details thereof.

  • Service Level Expectations Without limiting any other requirements of the Agreement, the Service Provider shall meet or exceed the following standards, policies, and guidelines:

  • OMB Standards Unless specified otherwise within this agreement, the Subrecipient shall procure all materials, property, or services in accordance with the requirements of 24 CFR 84.40−48.

  • Technical Standards The Generation System shall be installed and operated by the Interconnection Customer consistent with the requirements of this Agreement; the Technical Requirements; the applicable requirements located in the National Electrical Code (NEC); the applicable standards published by the American National Standards Institute (ANSI) and the Institute of Electrical and Electronic Engineers (IEEE); and local building and other applicable ordinances in effect at the time of the installation of the Generation System.

Time is Money Join Law Insider Premium to draft better contracts faster.