Common use of DUTIES OF MSS Clause in Contracts

DUTIES OF MSS. MSS will provide the Trust with the necessary office space, communication facilities and personnel to perform the following services for the Trust: (a) Timely calculate the net asset value per share with the frequency prescribed in each Fund's then-current Prospectus, transmit the Fund's net asset value to the Fund’s listing exchange, and communicate such net asset value to the Trust and its transfer agent; (b) Calculate each item of income, expense, deduction, credit, gain and loss, if any, as required by the Trust and in conformance with generally accepted accounting principles ("GAAP"), SEC Regulation S-X (or any successor regulation) and the Internal Revenue Code of 1986, as amended (or any successor laws)(the "Code");