Common use of Centralized Functions Clause in Contracts

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”), subject to confidentiality obligations comparable to those provided for herein. Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYM’s disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYM’s use of such information in connection with the Centralized Functions, and BNYM’s storage of names and business addresses of Fund employees and employees of its affiliates and sponsors with the Centralized Providers. In addition, BNYM may use the Funds’ Confidential Information to analyze and improve product and service performance and for internal research and development activities, and may aggregate the Funds’ Confidential Information on an anonymized basis with other similar client data for BNYM’s and its Affiliates’ product development and distribution and marketing and thought leadership purposes. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “"BNY Mellon Group”"). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “"Centralized Functions”") in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “"Centralized Providers”"), subject to confidentiality obligations comparable to those provided for herein. Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYM’s 's disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYM’s use of such information in connection with the Centralized Functions, and BNYM’s 's storage of names and business addresses of Fund employees and employees of its affiliates Affiliates and sponsors with the Centralized Providers. In addition, BNYM may the Fund consents to BNYM's use the Funds’ of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and may aggregate to the Funds’ BNY Mellon Group's aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for BNYM’s product and its Affiliates’ product service development and distribution distribution, for general marketing purposes and marketing for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and thought leadership purposesanonymized data. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”), subject to confidentiality obligations comparable to those provided for herein. Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYM’s disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYM’s use of such information in connection with the Centralized Functions, and BNYM’s storage of names and business addresses of Fund employees and employees of its affiliates and sponsors with the Centralized Providers. BNYM acknowledges and agrees that Fund information, including Fund Confidential Information, shall be disclosed to the Centralized Providers only to the extent necessary to perform the obligations under this Agreement, and that each of the Centralized Providers shall be subject to confidentiality obligations at least as restrictive as those herein. In addition, BNYM may use the Funds’ Fund’s Confidential Information to analyze and improve product and service performance and for internal research and development activities, and may aggregate the Funds’ Fund’s Confidential Information on an anonymized basis with other similar client data for BNYM’s and its Affiliates’ product development and distribution and marketing and thought leadership purposes. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.