Common use of Duties and Obligations of Fund/Plan Clause in Contracts

Duties and Obligations of Fund/Plan. (a) Subject to the succeeding provisions of this section and subject to the direction and control of the Board of Directors of the Asset Allocation Fund, Fund/Plan shall provide to the Fund all administrative services as set forth in Schedule "A" attached hereto and incorporated by reference in its entirety into this Agreement. In addition to the obligations set forth in Schedule "A", Fund/Plan shall (i) provide its own office space, facilities, equipment and personnel for the performance of its duties under this Agreement; and (ii) take all actions it deems necessary to properly execute the administrative responsibilities of the Asset Allocation Fund. (b) So that Fund/Plan may perform its duties under the terms of this Agreement, the Board of Directors of the Asset Allocation Fund shall direct the officers, investment advisor, distributor, legal counsel, independent accountants and custodian of the Asset Allocation Fund to cooperate fully with Fund/Plan and to provide such information, documents and advice relating to the Asset Allocation Fund as is within the possession or knowledge of such persons provided that no such person need provide any information to Fund/Plan if to do so would result in the loss of any privilege or confidential treatment with respect to such information. In connection with its duties, Fund/Plan shall be entitled to rely, and shall be held harmless by the Asset Allocation Fund when acting in reasonable reliance upon the instruction, advice or any documents as provided by the Asset Allocation Fund to Fund/Plan by any of the aforementioned persons. All fees charged by any such persons shall be deemed an expense of the Asset Allocation Fund. (c) Any activities performed by Fund/Plan under this Agreement shall conform to the requirements of: (1) the provisions of the Investment Company Act of 1940, as amended (the "Act") and the Securities Act of 1933, as amended, and of any rules or regulations in force thereunder; (2) any other applicable provision of state and federal law; (3) the provisions of the Articles of Incorporation and By-Laws of the Asset Allocation Fund as amended from time to time; (4) any policies and determinations of the Board of Directors of the Asset Allocation Fund; and (5) the fundamental policies of the Asset Allocation Fund as reflected in the registration statement under the Act. Fund/Plan acknowledges that all records that it maintains for the Asset Allocation Fund are the property of the Asset Allocation Fund and will be surrendered promptly to the Asset Allocation Fund upon written request. Fund/Plan will preserve, for the periods prescribed under Rule 31a-2 under the Act, all such records required to be maintained under Rule 31a-1 of the Act. (d) Nothing in this Agreement shall prevent Fund/Plan or any officer thereof from acting as administrator for or with any other person, firm or corporation. While the administrative services supplied to the Asset Allocation Fund may be different than those supplied to other persons, firms or corporations, Fund/Plan shall provide the Asset Allocation Fund equitable treatment in supplying services. The Asset Allocation Fund recognizes that it will not receive preferential treatment from Fund/Plan as compared with the treatment provided to other Fund/Plan clients. Fund/Plan agrees to maintain the records and all other information of the Asset Allocation Fund in a confidential manner and shall not use such information for any purpose other than the performance of Fund/Plan's duties under this Agreement.

Duties and Obligations of Fund/Plan. (a) Subject to the succeeding provisions of this section and subject to the direction and control of the Board of Directors Trustees of the Asset Allocation FundTrust, Fund/Plan shall provide to each of the Fund Series all administrative services as set forth in Schedule "A" attached hereto and hereto, which Schedule is incorporated by reference in its entirety into this Agreement. In addition to the obligations set forth in Schedule "A", Fund/Plan shall (i) provide its own office space, facilities, equipment and personnel for the performance of its duties under this Agreement; and (ii) take all actions it deems necessary to properly execute the administrative responsibilities of the Asset Allocation FundTrust. (b) So that Fund/Plan may perform its duties under the terms of this Agreement, the Board of Directors Trustees of the Asset Allocation Fund Trust shall direct the officers, investment advisor, distributor, legal counsel, independent accountants and custodian of the Asset Allocation Fund Trust to cooperate fully with Fund/Plan and to provide such information, documents and advice relating to the Asset Allocation Fund Trust as is within the possession or knowledge of such persons provided that no such person need provide any information to Fund/Plan if to do so would would, in the reasoned opinion of counsel to the Trust, result in the loss of any privilege or confidential treatment with respect to such information. In connection with its duties, Fund/Plan shall be entitled to rely, and shall be held harmless by the Asset Allocation Fund Trust when acting in reasonable reliance upon the instruction, advice or any documents as provided by the Asset Allocation Fund Trust to Fund/Plan by any of the aforementioned persons. All fees charged by any such persons shall be deemed an expense of the Asset Allocation FundTrust. (c) Any activities performed by Fund/Plan under this Agreement shall conform to the requirements of: (1) the provisions of the Investment Company Act of 1940, as amended (the "Act") and the Securities Act of 1933, as amended, and of any rules or regulations in force thereunder; (2) any other applicable provision of state and federal law; (3) the provisions of the Articles Trust Instrument of Incorporation the Trust and By-Laws laws of the Asset Allocation Fund Trust, as amended from time to time; (4) any policies and determinations of the Board of Directors Trustees of the Asset Allocation FundTrust; and (5) the fundamental policies of the Asset Allocation Fund Trust as reflected in the its registration statement under filed pursuant to the Act. Fund/Plan acknowledges that all records that it maintains for the Asset Allocation Fund Trust are the property of the Asset Allocation Fund Trust and will be surrendered promptly to the Asset Allocation Fund Trust upon written request. Fund/Plan will preserve, for the periods prescribed under Rule 31a-2 under the Act, all such records required to be maintained under Rule 31a-1 of the Act. (d) Nothing in this Agreement shall prevent Fund/Plan or any officer thereof from acting as administrator for or with any other person, firm or corporation. While the administrative services supplied to the Asset Allocation Fund Trust may be different than those supplied to other persons, firms or corporations, Fund/Plan shall provide the Asset Allocation Fund Trust equitable treatment in supplying services. The Asset Allocation Fund Trust recognizes that it will not receive preferential treatment from Fund/Plan as compared with the treatment provided to other Fund/Plan clients. Fund/Plan agrees to maintain the records and all other information of the Asset Allocation Fund Trust in a confidential manner and shall not use such information for any purpose other than the performance of Fund/Plan's duties under this Agreement.

Duties and Obligations of Fund/Plan. (a) Subject to the succeeding provisions of this section and subject to the direction and control of the Board of Directors of the Asset Allocation Tax Exempt Bond Fund, Fund/Plan shall provide to the Fund all administrative services as set forth in Schedule "A" attached hereto and incorporated by reference in its entirety into this Agreement. In addition to the obligations set forth in Schedule "A", Fund/Plan shall (i) provide its own office space, facilities, equipment and personnel for the performance of its duties under this Agreement; and (ii) take all actions it deems necessary to properly execute the administrative responsibilities of the Asset Allocation Tax Exempt Bond Fund. (b) So that Fund/Plan may perform its duties under the terms of this Agreement, the Board of Directors of the Asset Allocation Tax Exempt Bond Fund shall direct the officers, investment advisor, distributor, legal counsel, independent accountants and custodian of the Asset Allocation Tax Exempt Bond Fund to cooperate fully with Fund/Plan and to provide such information, documents and advice relating to the Asset Allocation Tax Exempt Bond Fund as is within the possession or knowledge of such persons provided that no such person need provide any information to Fund/Plan if to do so would result in the loss of any privilege or confidential treatment with respect to such information. In connection with its duties, Fund/Plan shall be entitled to rely, and shall be held harmless by the Asset Allocation Tax Exempt Bond Fund when acting in reasonable reliance upon the instruction, advice or any documents as provided by the Asset Allocation Tax Exempt Bond Fund to Fund/Plan by any of the aforementioned persons. All fees charged by any such persons shall be deemed an expense of the Asset Allocation Tax Exempt Bond Fund. (c) Any activities performed by Fund/Plan under this Agreement shall conform to the requirements of: (1) the provisions of the Investment Company Act of 1940, as amended (the "Act") and the Securities Act of 1933, as amended, and of any rules or regulations in force thereunder; (2) any other applicable provision of state and federal law; (3) the provisions of the Articles of Incorporation and By-Laws of the Asset Allocation Tax Exempt Bond Fund as amended from time to time; (4) any policies and determinations of the Board of Directors of the Asset Allocation Tax Exempt Bond Fund; and (5) the fundamental policies of the Asset Allocation Tax Exempt Bond Fund as reflected in the registration statement under the Act. Fund/Plan acknowledges that all records that it maintains for the Asset Allocation Tax Exempt Bond Fund are the property of the Asset Allocation Tax Exempt Bond Fund and will be surrendered promptly to the Asset Allocation Tax Exempt Bond Fund upon written request. Fund/Plan will preserve, for the periods prescribed under Rule 31a-2 under the Act, all such records required to be maintained under Rule 31a-1 of the Act. (d) Nothing in this Agreement shall prevent Fund/Plan or any officer thereof from acting as administrator for or with any other person, firm or corporation. While the administrative services supplied to the Asset Allocation Tax Exempt Bond Fund may be different than those supplied to other persons, firms or corporations, Fund/Plan shall provide the Asset Allocation Tax Exempt Bond Fund equitable treatment in supplying services. The Asset Allocation Tax Exempt Bond Fund recognizes that it will not receive preferential treatment from Fund/Plan as compared with the treatment provided to other Fund/Plan clients. Fund/Plan agrees to maintain the records and all other information of the Asset Allocation Tax Exempt Bond Fund in a confidential manner and shall not use such information for any purpose other than the performance of Fund/Plan's duties under this Agreement.

Duties and Obligations of Fund/Plan. (a) Subject to the succeeding provisions of this section and subject to the direction and control and the general supervision of the Board of Directors of the Asset Allocation FundChicago Title and Trust Company, Fund/Plan shall provide to the Fund all administrative services to Chicago Title and Trust Company with respect to each of the Series as set forth in Schedule "A" attached hereto and incorporated by reference in its entirety into this Agreement. In addition to the obligations set forth in Schedule "A", Fund/Plan shall (i) provide its own office space, facilities, facilities and equipment and personnel for the performance of its duties under this Agreement; and (ii) take all actions it deems necessary to properly execute the administrative responsibilities of the Asset Allocation Fundservices provided for in this agreement. (b) So that Fund/Plan may perform its duties under the terms of this Agreement, Chicago Title and Trust Company shall use its best efforts to cause the Board of Directors Trust's Officers, Investment Advisers, Distributor, Legal Counsel, Independent Accountants, and Custodian of the Asset Allocation Fund shall direct the officers, investment advisor, distributor, legal counsel, independent accountants and custodian of the Asset Allocation Fund Trust to fully cooperate fully with Fund/Plan and to provide such information, documents and advice relating to the Asset Allocation Fund Series as is within the possession or knowledge of such persons provided that no such person need provide any information to Fund/Plan if to do so would result in the loss of any privilege or confidential treatment with respect to such informationpersons. In connection with its duties, Fund/Plan shall be entitled to rely, and shall be held harmless by Chicago Title and Trust Company or the Asset Allocation Fund Trust when acting in reasonable reliance upon the instruction, advice or any documents relating to the Series as provided by Chicago Title and Trust Company or the Asset Allocation Fund Trust to Fund/Plan by any of the aforementioned persons. All fees charged by any such persons shall be deemed an expense of the Asset Allocation FundTrust. (c) Any activities performed by Fund/Plan under this Agreement shall conform to the requirements of: (1) the provisions of the Investment Company Act of 1940, as amended (the "Act") and the Securities Act of 1933, as amended, and of any rules or regulations Act of 1933, as in force thereunder; (2) any other applicable provision of state and federal law; (3) the provisions of the Articles Declaration of Incorporation Trust and By-Laws of the Asset Allocation Fund Trust as amended from time to time; (4) any policies and determinations of the Board of Directors Trustees of the Asset Allocation FundTrust; and (5) the fundamental policies of the Asset Allocation Fund Series as reflected in the its registration statement under the Act. . (d) Fund/Plan acknowledges agrees that any and all records that it maintains for the Asset Allocation Fund Chicago Title and Trust Company are the property of the Asset Allocation Fund Trust and will be surrendered promptly to the Asset Allocation Fund Trust upon written request. Fund/Plan will preserve, for the periods prescribed under Rule 31a-2 under the Act, all such records required to be maintained under Rule 31a-1 of the Act. (de) Nothing in this Agreement shall prevent Fund/Plan or any officer thereof from acting as administrator for or with any other person, firm or corporation. While the administrative services supplied to Chicago Title and Trust Company for the Asset Allocation Fund Trust may be different than those supplied to other persons, firms or corporations, Fund/Plan shall provide the Asset Allocation Fund equitable treatment in supplying services. The Asset Allocation Fund Chicago Title and Trust Company recognizes that it will not receive preferential treatment from Fund/Plan as compared with the treatment provided to other Fund/Plan clients. Fund/Plan agrees to maintain the records and all other information of the Asset Allocation Fund Trust in a confidential manner and shall not use such information for any purpose other than the performance of Fund/Plan's duties under this Agreement.

Duties and Obligations of Fund/Plan. (a) Subject to the succeeding provisions of this section and subject to the direction and control of the Board of Directors Trustees of the Asset Allocation FundTrust, Fund/Plan shall provide to each of the Fund Series all administrative services as set forth in Schedule "A" attached hereto and incorporated by reference in its entirety into this Agreement. In addition to the obligations set forth in Schedule "A", Fund/Plan shall (i) provide its own office space, facilities, facilities and equipment and personnel for the performance of its duties under this Agreement; and (ii) take all actions it deems necessary to properly execute the administrative responsibilities administration services on behalf of the Asset Allocation FundSeries. (b) So that Fund/Plan may perform its duties under the terms of this Agreement, the Board of Directors Trustees of the Asset Allocation Fund Trust shall direct the officers, investment advisoradviser, distributor, legal counsel, independent accountants and custodian of the Asset Allocation Fund Trust to cooperate fully with Fund/Plan and to provide such information, documents and advice relating to the Asset Allocation Fund Series as is within the possession or knowledge of such persons provided that no such person need provide any information to Fund/Plan if to do so would result in the loss of any privilege or confidential treatment with respect to such information. In connection with its duties, Fund/Plan shall be entitled to rely, and shall be held harmless by the Asset Allocation Fund Trust when acting in reasonable reliance upon the instruction, advice or any documents relating to the Series as provided by the Asset Allocation Fund Trust to Fund/Plan by any of the aforementioned persons. All fees charged by any such persons shall be deemed an expense of the Asset Allocation FundTrust. (c) Any activities performed by Fund/Plan under this Agreement shall conform to the requirements of: (1) the provisions of the Investment Company Act of 1940Act, as amended (the "Act") and the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and of any rules or regulations in force thereunder; (2) any other applicable provision of state and federal law, including any applicable state blue sky law; (3) the provisions of the Articles of Incorporation Trust Instrument and By-Laws of the Asset Allocation Fund Trust as amended from time to time; (4) any policies and determinations of the Board of Directors Trustees of the Asset Allocation FundTrust; and (5) the fundamental and other policies of the Asset Allocation Fund Series as reflected in the Trust's registration statement under the Act. Fund/Plan acknowledges agrees that all records that it maintains for the Asset Allocation Fund Trust are the property of the Asset Allocation Fund Trust and will be surrendered promptly to the Asset Allocation Fund Trust upon written request. Fund/Plan will preserve, for the periods prescribed under Rule 31a-2 under the Act, all such records required to be maintained under Rule 31a-1 of the Act. (d) Nothing in this Agreement shall prevent Fund/Plan or any officer thereof from acting as administrator for or with any other person, firm or corporation. While the administrative services supplied to the Asset Allocation Fund Trust may be different than those supplied to other persons, firms or corporations, Fund/Plan shall provide the Asset Allocation Fund Trust equitable treatment in supplying services. The Asset Allocation Fund Trust recognizes that it will not receive preferential treatment from Fund/Plan as compared with the treatment provided to other Fund/Plan clients. Fund/Plan agrees to maintain the records and all other information of the Asset Allocation Fund Trust in a confidential manner and shall not use such information for any purpose other than the performance of Fund/Plan's duties under this Agreement.