Compliance with the Investment Company Act of 1940. (a) Trust Entity confirms that it will be considered the Fund Company’s agent for the sole purpose of receiving purchase and redemption orders from Client-shareholders and transmitting them to the Funds. Trust Entity may authorize such designees as it deems appropriate (“Designees”) to receive orders on the Fund Company’s behalf. Trust Entity shall be liable to the Fund Company for each Designee’s compliance with applicable regulations, requirements and this Section 2 to the same extent as if Trust Entity itself had acted or failed to act instead of the Designee.
Appears in 22 contracts
Samples: Trust Fund/Serv Agreement (Jp Morgan Mutual Fund Investment Trust), Trust Fund/Serv Agreement (JPMorgan Trust IV), Trust Fund/Serv Agreement (JPMorgan Trust I)