Equipment, System Implementation and Access Clause Samples

Equipment, System Implementation and Access. The Fund is responsible for acquiring, installing and maintaining the data processing and related equipment as mutually agreed upon from time to time ("EQUIPMENT"). The Equipment represents the minimum equipment requirements to properly operate the Software. Except to the extent that PFPC have agreed that equipment other than the Equipment may be used (which equipment will be deemed Equipment after such agreement), PFPC disclaims responsibility for the performance of the Software in the event that the Fund utilizes equipment different than the Equipment. PFPC and the Fund shall (a) within a reasonable time after the Effective Date, agree upon, by Addendum, any tasks required to implement the Software, Third Party Software and Equipment ("SYSTEM") and the party responsible and time frames for each such task ("SCOPE OF WORK");

Equipment, System Implementation and Access. The Fund is responsible for acquiring, installing and maintaining the data processing and related equipment necessary to properly operate the Software. PFPC and Fund shall (a) within a reasonable time after the Effective Date, agree upon the tasks required to implement the Software, Third Party Software and Equipment ("SYSTEM") and the party responsible and time frames for each task; (b) perform their respective assigned tasks; and (c) if not the party assigned to a task, cooperate with the responsible party. The Fund shall give reasonable and safe access to the System to PFPC, PFPC's employees, affiliates, representatives, agents, contractors, licensors and suppliers ("PFPC'S AGENTS") who are providing services under the Agreement or auditing adherence to the Agreement.