Common use of Computer Accounting and Record Keeping Clause in Contracts

Computer Accounting and Record Keeping. The Transfer Agent will perform daily maintenance and routine file update. The Transfer Agent will perform a dividend credit run as required in order to credit all existing Shareholder accounts with each daily dividend, monthly dividend, capital gain distribution or other distribution. The Transfer Agent will establish new and adjust or close existing Shareholder accounts if necessary on or as of each business day. The Transfer Agent will take reasonable precautions for safeguarding of all Shareholder accounts during these computer runs. The Transfer Agent will provide continuous proof to the outstanding Shares maintained by the Fund on a daily basis, and off-line availability of all file data pertaining to Shareholder accounts. The Transfer Agent will to the extent technically feasible create and maintain the ability to liquidate and back out dividends reinvested in accounts which are subsequently liquidated by or on behalf of the Fund due to nonreceipt of funds, improper registration, or other sufficient reason.