Common use of Delegated Duties Clause in Contracts

Delegated Duties. 3.1 Consistent with the services provided by the Transfer Agent and with respect to the ownership of Shares in each Fund for which the Transfer Agent maintains the applicable Shareholder information and the ownership of each money market deposit account in the MMDA Program for which the Transfer Agent maintains the applicable depositor information, the Transfer Agent shall, as to the Fund and its Portfolios, and as to each money market deposit account, as applicable: (a) Submit all financial and non-financial transactions, including new account and registration maintenance transactions, through the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities, and report confirmed matches to OFAC or such other authorities; (b) Submit special payee checks through the OFAC database; (c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance; (d) Review wires sent pursuant to banking instructions other than those on file with the Transfer Agent; Review accounts with small balances followed by large purchases;