Common use of Financial Reporting and Audits Clause in Contracts

Financial Reporting and Audits. Except to the extent that USBFS is required to perform these tasks under the Sub-Administration Agreement, the Administrator shall: 1. Supervise the Fund’s custodian and accountants in the maintenance of the Fund’s general ledger and in the preparation of the Fund’s financial statements, including oversight of expense accruals and payments, the determination of the Fund’s net asset value, and the declaration and payment of dividends and other distributions to shareholders. 2. Provide financial data required for the Fund’s prospectus and statement of additional information and semi-annual reports to shareholders. 3. Provide information to the Fund’s independent auditors to facilitate the audit process. 4. Prepare financial and statistical reports, as requested by the board.

Financial Reporting and Audits. Except to the extent that USBFS is required to perform these tasks under the Sub-USBFS Administration Agreement, the Administrator shall: 1. Supervise the each Fund’s custodian and accountants in the maintenance of the Fund’s general ledger and in the preparation of the each Fund’s financial statements, including oversight of expense accruals and payments, the determination of the a Fund’s net asset value, and the declaration and payment of dividends and other distributions to shareholders. 2. Provide financial data required for the each Fund’s prospectus and statement of additional information and semi-annual reports to shareholders. 3. Provide information to the each Fund’s independent auditors to facilitate the audit process. 4. Prepare financial and statistical reports, as requested by the board.

Financial Reporting and Audits. Except to the extent that USBFS is required to perform these tasks under the Sub-USBFS Administration Agreement, the Administrator shall: 1. Supervise the each Fund’s 's custodian and accountants in the maintenance of the Fund’s 's general ledger and in the preparation of the each Fund’s 's financial statements, including oversight of expense accruals and payments, the determination of the a Fund’s 's net asset value, and the declaration and payment of dividends and other distributions to shareholders. 2. Provide financial data required for the each Fund’s 's prospectus and statement of additional information and semi-annual reports to shareholders. 3. Provide information to the each Fund’s 's independent auditors to facilitate the audit process. 4. Prepare financial and statistical reports, as requested by the board.