Duties of Correspondent Sample Clauses

Duties of Correspondent. Correspondent agrees to assume the following duties and obligations under this Agreement: 1) At the request of NPCUs and/or CLF, assist NPCUs with the documentation and other administrative tasks required for NPCUs to become Regular members of CLF. 2) Assume the roles and responsibilities associated with sound collateral management, including, but not be limited to, conducting lien searches and placements, perfecting security interests, and evaluating collateral on behalf of CLF. CLF may, at its discretion, pass reasonable fees and expenses associated with collateral management to the individual borrowers receiving loans from CLF (the “NPCU Borrowers”). CLF agrees to pay Correspondent a reasonable fee for the services provided pursuant to this Agreement, as set from time to time by CLF and as disclosed to Correspondent in writing or published on CLF’s Web site. 3) Ensure that any security interest of its own or of third parties in collateral securing CLF loans (the “CLF Collateral”) will be and will remain subordinate to the security interest of CLF in the CLF Collateral. 4) Assist NPCU Borrowers, at their option, with paperwork related to requesting an advance from CLF and processing any other documentation related to CLF loans. 5) Assist NPCU Borrowers, at their option, with the transfer of CLF loan funds and repayment amounts and with the general settlement of funds between CLF and the NPCU Borrowers’ accounts. 6) Correspondent agrees to provide the services contemplated in this Agreement under the same terms and conditions to any requesting NPCU Borrower to which Correspondent is permitted to provide the services, regardless of the NPCU’s membership status at a corporate credit union. 7) Perform other tasks related to facilitating and administering CLF loans to NPCU Borrowers as reasonably requested by CLF.
Sample 1
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Duties of Correspondent. (a) Customers shall be deemed to be customers of Correspondent for all purposes, including the Securities and Exchange Commission’s (“SEC”) financial responsibility rules adopted under the 1934 Act and the Securities Investor Protection Act, as amended, and regulations adopted thereunder. Schwab will not carry accounts at Schwab in the name of Customers. Correspondent will open accounts for Customers on the books and records of Correspondent, supervise its employees, principals, registered representatives and agents who provide services with respect to any of such Customer accounts, and maintain and supervise such Customer accounts and the transactions therein in accordance with all applicable requirements of the Securities Act of 1933, as amended (the “1933 Act”), the 1934 Act, the rules and regulations of the SEC thereunder, including but not limited to Reg T margin requirements, and the rules and regulations of all self-regulatory organizations having jurisdiction over Correspondent, including but not limited to any applicable requirements relating to the suitability of investments by its Customers and maintenance of proprietary and customer accounts as set forth in FINRA Rule 4311, if and as applicable. (b) Correspondent will provide to Schwab any documents, records, data and other information in Correspondent’s possession as may be reasonably necessary for Xxxxxx’x proper performance and supervision of its duties under this Agreement. Information that Schwab acquires from such data or documents shall not be deemed to expand the duties or obligations of Schwab under this Agreement, absent an amendment to the Agreement. (c) In the event Correspondent acts as an intermediary for an Initial Correspondent for the purpose of obtaining clearing services from Schwab, Correspondent shall notify Schwab of the existence of such arrangements and the identity of the Initial Correspondent. The name and CRD number, if applicable, of the Initial Correspondent shall be reflected on Exhibit F hereto, and Correspondent shall notify Schwab of any changes or additions to Exhibit F. Information that Schwab acquires from such data or documents shall not be deemed to expand the duties or obligations of Schwab under this Agreement absent an amendment to the Agreement. (d) Correspondent will examine promptly all rejected transactions, confirmations, statements, and other files provided to Correspondent by Schwab under this Agreement detailing actions taken by Schwab as clearin...
Sample 1
Duties of Correspondent 
Sample 1

Related to Duties of Correspondent

  • Duties of Company The Company shall at all times during the term of Options: (a) Reserve and keep available for issue such number of shares of its authorized and unissued common stock as will be sufficient to satisfy the requirements of this Agreement; (b) Pay all original issue taxes with respect to the issue of shares pursuant hereto and all other fees and expenses necessarily incurred by the Company in connection therewith; (c) Use its best efforts to comply with all laws and regulations which, in the opinion of counsel for the Company, shall be applicable thereto.

  • Duties of Contractor The Contractor shall provide the following services relative to this Contract:

  • Duties of Custodian WITH RESPECT TO THE BOOKS OF ACCOUNT AND CALCULATION OF NET ASSET VALUE AND NET INCOME The Custodian shall cooperate with and supply necessary information to the entity or entities appointed by the applicable Board to keep the books of account of each Portfolio and/or compute the net asset value per Share of the outstanding Shares or, if directed in writing to do so by the Fund on behalf of such Portfolio(s), shall itself keep such books of account and/or compute such net asset value per Share. If so directed, the Custodian shall also calculate daily the net income of each applicable Portfolio as described in the Prospectus and shall advise such Portfolio and the Transfer Agent daily of the total amounts of such net income and, if instructed in writing by an officer of the Fund on behalf of such Portfolio to do so, shall advise the Transfer Agent periodically of the division of such net income among its various components. Each Fund acknowledges and agrees that, with respect to investments maintained with the Underlying Transfer Agent, the Underlying Transfer Agent is the sole source of information on the number of shares of a fund held by it on behalf of a Portfolio and that the Custodian has the right to rely on holdings information furnished by the Underlying Transfer Agent to the Custodian in performing its duties under this Agreement, including, without limitation, the duties set forth in this Section 9 and in Section 10 hereof; provided, however, that the Custodian shall be obligated to reconcile information as to purchases and sales of Underlying Shares contained in trade instructions and confirmations received by the Custodian and to report promptly any discrepancies to the Underlying Transfer Agent. The calculations of the net asset value per Share and the daily income of each Portfolio shall be made at the time or times described from time to time in the Prospectus.

  • DUTIES OF GFS GFS’s duties with respect to Fund Accounting, Fund Administration and Transfer Agency services are detailed in Appendices I, II and III to this Agreement. (a) In order for GFS to perform the Services, the Trust (i) shall cause all service providers to the Funds of the Trust to furnish any and all information to GFS, and assist GFS as may be required and (ii) shall ensure that GFS has access to all records and documents maintained by the Trust or any service provider to the Trust or a Fund of the Trust. (b) GFS shall, for all purposes herein, be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust in any way or otherwise be deemed an agent of the Trust. (c) Whenever, in the course of performing its duties under this Agreement, GFS determines, on the basis of information supplied to GFS by the Trust, that a violation of applicable law has occurred, or that, to its knowledge, a possible violation of applicable law may have occurred, or with the passage of time could occur, GFS shall promptly notify the Trust and its legal counsel of such violation.

  • RESPONSIBILITIES OF CITY City or its representative shall issue all communications to Contractor. City has the authority to request changes in the work in accordance with the terms of this Agreement and with the terms in Exhibit A – Scope of Work. City has the authority to stop work or to suspend any work.

  • Duties of Provider 5. D e-Identified Data. Section 5 (De-Identified Data) of Article IV (Duties of Provider) of the SDPA is hereby modified by deleting “indirectly” from the last sentence and by deleting the second to last sentence and replacing with the following sentence: “Except for Subprocessors, Provider agrees not to transfer de- identified Student Data to any party unless (a) that party agrees in writing not to attempt re-identification, and (b) that party agrees to comply with all applicable federal, state, and local laws, rules, and regulations pertaining to Student Data privacy and security, all as may be amended from time to time.”

  • Responsibilities of Contractor A. The Contractor shall perform all work on the described project as required by the Contract documents. The work to be performed includes the labor and services necessary to produce such replacement, and all materials, supplies, tools, transportation, equipment, and machinery required for replacement. B. This project bid includes all materials, labor and equipment to complete the reconstruction and resurfacing of streets as outlined in the Project Manual for WWREYN - XXXXXXXX SANITARY SEWER - PHASE 1 dated March 25th, 2021 as outlined in Attachment A.

  • Duties of State Street A. As the Financial Administrator. The Financial Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the respective Trust and its Board of Trustees/Directors (the "Board") and in accordance with procedures which may be established from time to time between the Trust and the Financial Administrator (including the procedures established in the "Service Level Agreement" as defined in Section V of this Agreement):

  • Duties of Officers Generally The Officers, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.

  • DUTIES OF THE CUSTODIAN WITH RESPECT TO PROPERTY OF THE FUND HELD BY THE CUSTODIAN IN THE UNITED STATES

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