Common use of Customer Identification Program Services Clause in Contracts

Customer Identification Program Services. In order to assist the GE Parties comply with their Customer Identification Program (“CIP”) requirements under Section 326 of the USA PATRIOT Act, USBFS shall perform the following: (i) Implement procedures under which new accounts for the Companies, Funds and GE Stock XXX Accounts are not established unless USBFS has obtained the name, date of birth (for natural persons only), address and government-issued identification number (collectively, the “Data Elements”) for each corresponding Customer (as defined in 31 CFR 103.131); (ii) Use collected Data Elements to attempt to reasonably verify the identity of each new Customer promptly before or after each corresponding new account is opened. Methods may consist of non-documentary methods (for which USBFS may use unaffiliated information vendors to assist with such verifications) and documentary methods (as permitted by 31 CFR 103.131), and may include procedures under which USBFS personnel perform enhanced due diligence to verify the identities of Customers, the identities of whom were not successfully verified through the first-level (which will typically be in reliance on results obtained from an information vendor) verification process(es); (iii) Record the Data Elements and maintain records relating to verification of new Customers consistent with 31 CFR 1 03.131(b)(3); (iv) Regularly report to the GE Parties about measures taken under (i)-(iii) above; and (v) If USBFS provides services by which prospective Customers may subscribe for Shares via the internet or telephone, work with the GE Parties to notify prospective Customers, consistent with 31 CFR 103.(b)(5), about the GE Parties’ CIP. Notwithstanding anything to the contrary, and without expanding the scope of the express language above, USBFS need not collect the Data Elements for (or verify) prospective customer (or accounts) beyond the requirements of relevant regulation (for example, USBFS will not verify customers opening accounts through NSCC or customers exchanging shares by redeeming shares from one Fund and using the proceeds to purchase shares of another Fund) and USBFS need not perform any task that need not be performed for the Companies, Funds and the GE Stock XXX Accounts to be in compliance with relevant regulation.

Customer Identification Program Services. In order to assist To help the GE Parties Funds comply with their Customer Identification Program (“CIP”) requirements which the Funds are required to have under regulations issued under Section 326 of the USA PATRIOT Act, USBFS shall perform ) the Transfer Agent will do the following: (ia) Implement procedures under which new accounts for in the Companies, Funds and GE Stock XXX Accounts are not established unless USBFS the Transfer Agent has obtained the name, date of birth (for natural persons only), address and government-issued identification number (collectively, the “Data Elements”) for each corresponding Customer “Customer” (as defined in 31 CFR 103.131);. (iib) Use collected Data Elements to attempt to reasonably verify the identity of each new Customer promptly before or after each corresponding new account is opened. Methods may consist of non-documentary methods (for which USBFS the Transfer Agent may use unaffiliated information vendors to assist with such verifications) and documentary methods (as permitted by 31 CFR 103.131), and may include procedures under which USBFS the Transfer Agent personnel perform enhanced due diligence to verify the identities of Customers, Customers the identities of whom were not successfully verified through the first-level (which will typically be in reliance on results obtained from an information vendor) verification process(es);. (iiic) Record the Data Elements and maintain records relating to verification of new Customers consistent with 31 CFR 1 03.131(b)(3103.131(b)(3);. (ivd) Regularly report to the GE Parties Funds about measures taken under (i)-(iiia)-(c) above; and. (ve) If USBFS the Transfer Agent provides services by which prospective Customers may subscribe for Shares shares in the Funds via the internet Internet or telephone, work with the GE Parties Funds to notify prospective Customers, consistent with 31 CFR 103.(b)(5), about the GE PartiesFunds’ CIPCustomer Identification Program. Notwithstanding anything to the contrary, and without expanding the scope of the express language above, USBFS the Transfer Agent need not collect the Data Elements for (or verify) prospective customer (or accounts) beyond the requirements of relevant regulation (for example, USBFS the Transfer Agent will not verify customers opening accounts through NSCC or customers exchanging shares by redeeming shares from one Fund and using the proceeds to purchase shares of another FundNSCC) and USBFS the Transfer Agent need not perform any task that need not be performed for the Companies, Funds and the GE Stock XXX Accounts fund to be in compliance with relevant regulation. The Funds and the Transfer Agent agree that all such parties may rely upon the Customer Identification Program of any other Fund or legal entity of which a Fund is a part with respect to a prospective investor who is then an existing Customer of such other Fund. Given such inter-company (or inter-Fund) relationship, the Transfer Agent need not perform steps (a)-(e) above with respect to any subscriber who is then a Customer of any other fund within the same “fund family” as another Fund.

Customer Identification Program Services. In order to assist As of the GE Parties Effective Date, the Agreement shall (without any further action by either of the parties hereto) be amended by the addition of the following new provision: "Customer Identification Program Services. To help the Fund comply with their its Customer Identification Program (“"CIP”") requirements (which the Fund is required to have under regulations issued under Section 326 of the USA PATRIOT PATROIT Act), USBFS shall perform PFPC will do the following: (ia) Implement procedures under which new accounts for in the Companies, Funds and GE Stock XXX Accounts Fund are not established unless USBFS PFPC has obtained the name, date of birth (for natural persons only), address and government-issued identification number (collectively, the “"Data Elements”") for each corresponding Customer (as defined in 31 CFR 103.131);. (iib) Use collected Data Elements to attempt to reasonably verify the identity of each new Customer promptly before or after each corresponding new account is opened. Methods may consist of non-documentary methods (for which USBFS PFPC may use unaffiliated information vendors to assist with such verifications) and documentary methods (as permitted by 31 CFR 103.131), and may include procedures under which USBFS PFPC personnel perform enhanced due diligence to verify the identities of Customers, Customers the identities of whom were not successfully verified through the first-level (which will typically be in reliance on results obtained from an information vendor) verification process(es);. (iiic) Record the Data Elements and maintain records relating to verification of new Customers consistent with 31 CFR 1 03.131(b)(3103.131 (b)(3);. (ivd) Determine whether new Customers appear on any lists of known or suspected terrorist organizations provided by any government agency consistent with 31 CFR 103.131 (b)(4). (e) Regularly report to the GE Parties Fund about measures taken under (i)-(iiia)-(d) above; and. (vf) If USBFS PFPC provides services by which prospective Customers may subscribe for Shares shares in the Fund via the internet Internet or telephone, work with the GE Parties Fund to notify prospective Customers, consistent with 31 CFR 103.(b)(5103.131(b)(5), about the GE Parties’ Fund's CIP. (g) Set forth on a separate fee schedule compensation amounts due to PFPC for providing these CIP Services. Notwithstanding anything to the contrary, and without expanding the scope of the express language above, USBFS PFPC need not collect the Data Elements for (or verify) prospective customer Customers (or accounts) beyond the requirements of relevant regulation regulations (for example, USBFS PFPC will not verify customers Customers opening accounts through NSCC or customers exchanging shares by redeeming shares from one Fund and using the proceeds to purchase shares of another FundNSCC) and USBFS PFPC need not perform any task that need not be performed for the Companies, Funds and the GE Stock XXX Accounts Fund to be in compliance with relevant regulationregulations. The Fund on behalf of each of its investment portfolios hereby agrees that PFPC need not perform steps (a)-(g) above with respect to any subscriber who is then a Customer of any other portfolio of the Fund, and that such Customers do not have exchange privileges with any other legal entity. PFPC hereby represents and warrants that (i) that it has implemented an anti-money laundering program and (ii) will certify annually to the Fund that it does perform the CIP services for the Fund described above.

Customer Identification Program Services. In order to assist (a) To help the GE Parties Fund comply with their its Customer Identification Program (“CIP”) requirements which the Fund is required to have under regulations issued under Section 326 of the USA PATRIOT Act, USBFS shall perform ) PNC will do the following: (i) Implement procedures under which new accounts for in the Companies, Funds and GE Stock XXX Accounts Portfolios are not established unless USBFS PNC has obtained the name, date of birth (for natural persons only), address and government-issued identification number (collectively, the “Data Elements”) for each corresponding Customer “Customer” (as defined in 31 CFR 103.131);. (ii) Use collected Data Elements to attempt to reasonably verify the identity of each new Customer promptly before or after each corresponding new account is opened. Methods of verification may consist of non-documentary methods (for which USBFS PNC may use unaffiliated information vendors to assist with such verifications) and documentary methods (as permitted by 31 CFR 103.131), and may include procedures under which USBFS PNC personnel perform enhanced due diligence to verify the identities of Customers, Customers the identities of whom were not successfully verified through the first-level (which will typically be in reliance on results obtained from an information vendor) verification process(es);. (iii) Record the Data Elements and maintain records relating to verification of new Customers consistent with 31 CFR 1 03.131(b)(3103.131(b)(3);. (iv) Determine whether any Customer’s name appears on a list of known or suspected terrorists or terrorist organizations designated by the Department of the Treasury, if any, consistent with 31 CFR 103.131(b)(4). (v) Regularly report to the GE Parties Fund about measures taken under (i)-(iiii)-(iv) above; and. (vvi) If USBFS PNC provides services by which prospective Customers may subscribe for Shares via the internet Internet or telephone, work with the GE Parties Fund to notify prospective Customers, consistent with 31 CFR 103.(b)(5103.131(b)(5), about the GE Parties’ CIP. Fund’s Customer Identification Program. (vii) Annually, or upon the Fund’s reasonable request, certify that PNC continues to implement its duties set forth under this Section 23(a). (b) Notwithstanding anything in this Agreement or otherwise to the contrary, and without expanding the scope of the express language aboveset forth above in Section 23(a), USBFS PNC need not collect the Data Elements for (or verify) prospective customer customers (or accounts) beyond the requirements of relevant regulation customer identification program regulations (for example, USBFS PNC will not verify customers opening accounts through NSCC or customers exchanging shares by redeeming shares from one Fund and using the proceeds to purchase shares of another FundNSCC) and USBFS PNC need not perform any task that need not be performed for the Companies, Funds and the GE Stock XXX Accounts Fund to be in compliance with relevant regulationcustomer identification program regulations. (c) Notwithstanding anything in this Agreement or otherwise to the contrary, PNC need not perform any of the steps described above in this Section 23 with respect to persons purchasing Shares via exchange privileges.

Customer Identification Program Services. In order to assist (a) To help the GE Parties Fund comply with their its Customer Identification Program (“CIP”) requirements which the Fund is required to have under regulations issued under Section 326 of the USA PATRIOT Act, USBFS shall perform ) PFPC will do the following: (i) Implement procedures under which new accounts for in the Companies, Funds and GE Stock XXX Accounts Portfolios are not established unless USBFS PFPC has obtained the name, date of birth (for natural persons only), address and government-issued identification number (collectively, the “Data Elements”) for each corresponding Customer “Customer” (as defined in 31 CFR 103.131);. (ii) Use collected Data Elements to attempt to reasonably verify the identity of each new Customer promptly before or after each corresponding new account is opened. Methods of verification may consist of non-documentary methods (for which USBFS PFPC may use unaffiliated information vendors to assist with such verifications) and documentary methods (as permitted by 31 CFR 103.131), and may include procedures under which USBFS PFPC personnel perform enhanced due diligence to verify the identities of Customers, Customers the identities of whom were not successfully verified through the first-level (which will typically be in reliance on results obtained from an information vendor) verification process(es);. (iii) Record the Data Elements and maintain records relating to verification of new Customers consistent with 31 CFR 1 03.131(b)(3103.131(b)(3);. (iv) Determine whether any Customer’s name appears on a list of known or suspected terrorists or terrorist organizations designated by the Department of the Treasury, if any, consistent with 31 CFR 103.131(b)(4). (v) Regularly report to the GE Parties Fund about measures taken under (i)-(iiii)-(iv) above; and. (vvi) If USBFS PFPC provides services by which prospective Customers may subscribe for Shares via the internet Internet or telephone, work with the GE Parties Fund to notify prospective Customers, consistent with 31 CFR 103.(b)(5103.131(b)(5), about the GE Parties’ CIP. Fund’s Customer Identification Program. (vii) Annually, or upon the Fund’s reasonable request, certify that PFPC continues to implement its duties set forth under this Section 23(a). (b) Notwithstanding anything in this Agreement or otherwise to the contrary, and without expanding the scope of the express language aboveset forth above in Section 23(a), USBFS PFPC need not collect the Data Elements for (or verify) prospective customer customers (or accounts) beyond the requirements of relevant regulation customer identification program regulations (for example, USBFS PFPC will not verify customers opening accounts through NSCC or customers exchanging shares by redeeming shares from one Fund and using the proceeds to purchase shares of another FundNSCC) and USBFS PFPC need not perform any task that need not be performed for the Companies, Funds and the GE Stock XXX Accounts Fund to be in compliance with relevant regulationcustomer identification program regulations. (c) Notwithstanding anything in this Agreement or otherwise to the contrary, PFPC need not perform any of the steps described above in this Section 23 with respect to persons purchasing Shares via exchange privileges.