Common use of Communication with Regulators Clause in Contracts

Communication with Regulators. If a Party receives any inquiry from any regulator regarding Provider, BFA, a BFA Recipient or its Shareholders in relation to the Services, then, except to the extent such inquiry relates to other customers or clients of Provider, a BFA Recipient or its shareholders, such Party will, to the extent legally permissible, consult the other Parties before responding to such inquiry and will comply with the such other Party’s reasonable requests regarding the content or timing of such response; provided, however, that the foregoing shall not limit or restrict Provider, BFA, or any BFA Recipient in any manner in complying with its regulatory obligations in a manner that it, in its sole discretion, shall determine to be compliant with applicable Law or necessary for the maintenance of its ongoing relationships with its regulatory authorities.