Common use of Annual Audit Clause in Contracts

Annual Audit. Distributor agrees to an annual independent audit of its anti-money laundering program and also agrees to respond to the Fund's Board of Directors with respect to each recommendation made pursuant to such audit.

Appears in 13 contracts

Samples: Distribution Agreement (First American Funds Inc), Class R Distribution Agreement (First American Investment Funds Inc), Class R Distribution Agreement (First American Strategy Funds Inc)

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Annual Audit. The Distributor agrees to an annual independent audit of its anti-money laundering program and also agrees to respond to the Fund's Board of Directors with respect to each recommendation made pursuant to such audit.

Appears in 8 contracts

Samples: Distribution Agreement (First American Strategy Funds Inc), Distribution Agreement (First American Strategy Funds Inc), Distribution Agreement (First American Investment Funds Inc)

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Annual Audit. The Distributor agrees to an annual independent audit of its anti-money laundering program and also agrees to respond to the Fund's ’s Board of Directors Trustees with respect to each recommendation made pursuant to such audit.

Appears in 2 contracts

Samples: Distribution Agreement (Keystone Mutual Funds), Distribution Agreement (Keystone Mutual Funds)

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