Duties of Custodian With Respect to the Books of Account and Calculation of Net Asset Value and Net Income
Duties of Custodian With Respect to the Books of Account. 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. 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 11 and in Section 12 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. Each Fund acknowledges that, in keeping the books of account of the Portfolio, the Custodian is authorized and instructed to rely upon information provided to it by the Fund, the Fund’s counterparty(ies), or the agents of either of them.
Duties of Custodian With Respect to the Books of Account and Calculation of Net Asset Value and Net Income..................................................................................................18
Duties of Custodian With Respect to the Books of Account. The Custodian shall keep the books of account of the Fund, as fund accounting agent, in accordance with such written procedures as shall be agreed to from time to time by the Custodian and the Fund, including those set forth on Schedule C hereto.
Duties of Custodian With Respect to the Books of Account and Calculations of Net Asset Value and Net Income . . . . . . . . . . . . . . . . . . . . . . . 20 9. Records . . . . . . . . . . . . . . . . . . . . . . . . 20
Duties of Custodian With Respect to the Books of Account. The Custodian shall cooperate with and supply necessary information to the entity or entities appointed by the Board who keep the books of account of each Portfolio.
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 Board of Directors of the Fund to keep the books of account of each Portfolio and/or compute the net asset value per share of the outstanding shares of each Portfolio or, if directed in writing to do so by the Fund on behalf of the Portfolio, 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 the Portfolio as described in the Fund's currently effective prospectus related to such Portfolio and shall advise the Fund and the Transfer Agent daily of the total amounts of such net income and, if instructed in writing by an officer of the Fund to do so, shall advise the Transfer Agent periodically of the division of such net income among its various
Duties of Custodian With Respect to the Books of Account and Calculation of Net Asset Value and Net Income ....................34 3 9. Records ..........................................................35 l0. Opinion of Fund's Independent Accountants ........................35
Duties of Custodian With Respect to the Books of Account. The Custodian shall cooperate with and supply necessary information to the entity or entities appointed by the Board of Directors of the Fund to keep the books of account of each Portfolio and compute the net asset value per share of the outstanding shares of each Portfolio.
Duties of Custodian With Respect to the Books of Account. The Custodian shall cooperate with and supply necessary information to the Administrator to keep the books of account of the Borrower or, if directed in writing to do so by the Borrower (or the Managing Member on behalf of the Borrower), shall itself keep such books of account, but only on a “book basis,” and the Custodian shall have no responsibility for determining any tax accounting for the Borrower with respect to the Borrower or with respect to any holder’s interest in the Borrower.
