Common use of Compliance Monitoring Clause in Contracts

Compliance Monitoring. 1. Establish, maintain, and provide summaries of, internal operating policies and procedures to support the performance of the Services by Mellon. 2. Conduct testing of each Portfolio for compliance with the Code’s requirements to qualify as a regulated investment company, including but not limited to: (i) quarterly diversification requirements; (ii) annual income qualification test; and (iii) annual distribution requirements (including avoiding application of excise taxes). Provide the results to the Fund’s chief compliance officer.

Appears in 13 contracts

Samples: Fund Accounting and Financial Administration Services Agreement (Delaware Vip Trust), Fund Accounting and Financial Administration Services Agreement (Delaware Group Tax Free Money Fund Inc /), Fund Accounting and Financial Administration Services Agreement (Voyageur Mutual Funds)

AutoNDA by SimpleDocs

Compliance Monitoring. 1. Establish, Establish and maintain, and provide summaries of, internal operating policies and procedures to support the performance of the Services by Mellon. 2. Conduct testing of each Portfolio the Fund for compliance with the Code’s 's requirements to qualify as a regulated investment company, including but not limited to: (i) quarterly diversification requirements; (ii) annual income qualification test; and (iii) annual distribution requirements (including avoiding application of excise taxes). Provide the results to the Fund’s 's chief compliance officer.

Appears in 1 contract

Samples: Fund Accounting and Financial Administration Services Agreement (Lincoln National Variable Annuity Fund A)

Compliance Monitoring. 1. Establish, Establish and maintain, and provide summaries of, internal operating policies and procedures to support the performance of the Services by Mellon. 2. Conduct testing of each Portfolio for compliance with the Code’s 's requirements to qualify as a regulated investment company, including but not limited to: (i) quarterly diversification requirements; (ii) annual income qualification test; and (iii) annual distribution requirements (including avoiding application of excise taxes). Provide the results to the Fund’s 's chief compliance officer.

Appears in 1 contract

Samples: Fund Accounting and Financial Administration Services Agreement (Lincoln Variable Insurance Products Trust)

AutoNDA by SimpleDocs

Compliance Monitoring. 1. Establish, maintain, and provide summaries of, internal operating policies and procedures to support the performance of the Services by Mellon. 2. Conduct testing of each Portfolio for compliance with the Code’s 's requirements to qualify as a regulated investment company, including but not limited to: (i) quarterly diversification requirements; (ii) annual income qualification test; and (iii) annual distribution requirements (including avoiding application of excise taxes). Provide the results to the Fund’s 's chief compliance officer.

Appears in 1 contract

Samples: Fund Accounting and Financial Administration Services Agreement (Optimum Fund Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!