Common use of Anti-Money Laundering (“AML”) Delegation Clause in Contracts

Anti-Money Laundering (“AML”) Delegation. If the Trust elects to delegate to UFS certain AML duties under this Agreement, the parties will agree to such duties and terms which may be amended from time to time subject to mutual written agreement between the parties. In consideration of the performance of the duties by UFS pursuant to this Section, the Trust agrees to pay UFS for the reasonable administrative expense that may be associated with such additional duties in the amount as the parties may from time to time agree in writing.

Appears in 3 contracts

Samples: Fund Services Agreement (Alternative Strategies Fund), Fund Services Agreement (Alternative Strategies Fund), Fund Services Agreement (Miller Investment Trust)

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Anti-Money Laundering (“AML”) Delegation. If the The Trust elects to delegate hereby delegates to UFS certain AML duties under this AgreementAgreement as permitted by law and pursuant to the Trust’s Anti-Money Laundering Policies and Procedures, the parties will agree to such duties and terms which are set forth in Appendix V, as may be amended from time to time subject to mutual written agreement between the partiestime. In consideration of the performance of the duties by UFS pursuant to this Section, the Trust agrees to pay UFS for the reasonable out-of-pocket administrative expense expenses that may be associated with such additional duties in the amount as the parties may from time to time agree in writingduties.

Appears in 1 contract

Samples: Fund Services Agreement (North Country Funds)

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