Common use of DUTIES OF XXXXXX Clause in Contracts

DUTIES OF XXXXXX. Subject to the general direction and control of the Board of Trustees of the Portfolio, Xxxxxx shall perform such financial, fund accounting oversight, administrative and related services as may from time to time be reasonably requested by the Portfolio, which shall include without limitation: a) preparing the Portfolio's tax returns and financial statements and other financial reports for review by the Portfolio's independent auditors; b) coordinating the Portfolio's annual audit; c) developing the Portfolio's budget and establishing its rate of expense accrual; d) preparing the tax information necessary for investors including the calculation of the allocated amount of income attributable to each investor, if any, which has been subject to withholding or other tax assessments or other governmental charges by non-United States tax jurisdictions; e) calculating the daily partnership allocation for the Portfolio from the financial information furnished to it by the Portfolio's custodian; f) overseeing the Portfolio's custodian and transfer agent, including monitoring the daily income accrual and collection, expense accrual and disbursement, and computation of the Portfolio's net asset value; verifying the calculation of performance data for the Portfolio; monitoring the trade reporting for portfolio securities transactions; monitoring the pricing of portfolio securities and compliance with amortized cost procedures, if applicable; and monitoring the computation of the Portfolio's income and capital gains and confirming that they have been properly allocated to the holders of record; and g) providing such other related services as the Portfolio may reasonably request, to the extent permitted by applicable law. Xxxxxx shall provide all personnel and facilities necessary in order for it to provide the services contemplated by this paragraph. Xxxxxx assumes no responsibilities under this Agreement other than to render the services called for hereunder, on the terms and conditions provided herein. In the performance of its duties under this Agreement, Xxxxxx will comply with the provisions of the Declaration of Trust and By-Laws of the Portfolio and the Portfolio's stated investment objective, policies and restrictions, and will use its best efforts to safeguard and promote the welfare of the Portfolio, and to comply with other policies which the Board of Trustees may from time to time determine.

DUTIES OF XXXXXX. Subject to the general direction and control of the Board of Trustees of the Portfolio, Xxxxxx shall perform such financial, fund accounting oversight, administrative and related services as may from time to time be reasonably requested by the Portfolio, which shall include without limitation: a) preparing arranging for the preparation and filing of the Portfolio's tax returns and preparing financial statements and other financial reports for review by the Portfolio's independent auditors; b) coordinating the Portfolio's annual audit; c) developing the Portfolio's budget and establishing its rate of expense accrual; d) preparing the tax information necessary for investors including the calculation of the allocated amount of income attributable to each investor, if any, which has been subject to withholding or other tax assessments or other governmental charges by non-United States tax jurisdictions; e) calculating the daily partnership allocation for the Portfolio from the financial information furnished to it by the Portfolio's custodian; f) overseeing the Portfolio's custodian (the "Custodian") and transfer agentagent and other service providers, including monitoring the daily income accrual and collection, expense accrual and disbursement, and computation of the Portfolio's net asset value; verifying the calculation of performance data for the Portfolio; monitoring the trade reporting for portfolio securities transactions; monitoring the pricing of portfolio securities and compliance with amortized cost procedures, if applicable; and monitoring the computation of the Portfolio's income and capital gains (losses) and confirming that they have been properly allocated to the holders of record; and monitoring services provided by the Custodian under Article 8 of its Custodian Contract; e) taking responsibility for compliance with all applicable federal securities and other regulatory requirements; f) taking responsibility for monitoring the tax status of the Portfolio so that its investors can qualify as regulated investment companies under the Internal Revenue Code of 1986; g) arranging for preparation of agendas and supporting documents for and minutes of meetings of Trustees, committees of Trustees, and investors; h) maintaining books and records relating to such services; and i) providing such other related services as the Portfolio may reasonably request, to the extent permitted by applicable law. Xxxxxx shall provide all personnel and facilities necessary in order for it to provide the services contemplated by this paragraph. Xxxxxx assumes no responsibilities under this Agreement other than to render the services called for hereunder, on the terms and conditions provided herein. In the performance of its duties under this Agreement, Xxxxxx will comply with the provisions of the Declaration of Trust and By-Laws of the Portfolio and the Portfolio's stated investment objective, policies and restrictions, and will use its best efforts to safeguard and promote the welfare of the Portfolio, and to comply with other policies which the Board of Trustees may from time to time determine.

DUTIES OF XXXXXX. 1.1. Subject to the general direction and control of the Board of Trustees of the PortfolioTrust, Xxxxxx shall perform such financial, fund accounting oversight, administrative and related services as may from time to time be reasonably requested by the PortfolioTrust, which shall include without limitation: a) preparing arranging for the Portfoliopreparation and filing of the Trust's tax returns and preparing financial statements and other financial reports for review by the PortfolioTrust's independent auditors; b) coordinating the PortfolioTrust's annual auditaudits; c) developing the Portfolio's budget and establishing its the rate of expense accrualaccrual for each Fund; d) preparing overseeing the preparation by the Trust's transfer agent (the "Transfer Agent") of tax information necessary for investors including the calculation of the allocated amount of income attributable to each investor, if any, which has been subject to withholding or other tax assessments or other governmental charges by non-United States tax jurisdictionsshareholders; e) calculating the daily partnership allocation for the Portfolio from the financial information furnished to it by the Portfolio's custodian; f) overseeing the PortfolioTrust's custodian (the "Custodian") and transfer agentthe Transfer Agent and other service providers, including monitoring the daily income accrual and collection, expense accrual and disbursement, and computation of the Portfolio's net asset value; verifying the calculation of performance data for the Portfolio; monitoring Trust and its reporting to the trade reporting for portfolio securities transactionsappropriate tracking services; monitoring the pricing of portfolio securities and compliance with amortized cost procedures, if applicable; computing the amount and monitoring the computation frequency of the Portfoliodistributing each Fund's income dividends and capital gains distributions and confirming that they have been properly allocated distributed to the holders shareholders of record; and monitoring calculation of net asset value of Shares by the Custodian; f) taking responsibility for compliance with all applicable federal securities and other regulatory requirements (other than state securities registration and filing requirements); g) taking responsibility for monitoring each Fund's status as a regulated investment company under the Internal Revenue Code of 1986, as amended (the "Code"); h) arranging for preparation of agendas and supporting documents for and minutes of meetings of Trustees, committees of Trustees, and shareholders; i) maintaining books and records relating to such services; and j) providing such other related services as the Portfolio Trust may reasonably request, to the extent permitted by applicable law. Xxxxxx shall provide all personnel and facilities necessary in order for it to provide the services contemplated by this paragraph. Xxxxxx assumes no responsibilities under this Agreement other than to render the services called for hereunder, on the terms and conditions provided herein. In the performance of its duties under this Agreement, Xxxxxx will comply with the provisions of the Declaration of Trust and By-Laws of the Portfolio Trust and the Portfolio's stated investment objective, policies and restrictionsrestrictions of each Fund, and will use its best efforts to safeguard and promote the welfare of the PortfolioTrust, and to comply with other policies which the Board of Trustees may from time to time determine.