Common use of Fund Communications Clause in Contracts

Fund Communications. Service Provider or its agents shall prepare: a. quarterly reports of the number of positions held in each Fund for each business day on which the Fee is to be paid pursuant to the Agreement, with such reports expressing both position and dollar amounts. Such reports shall be subject to verification by Company based on such Service Provider records that Service Provider shall make available to Company at reasonable times and as is reasonably necessary for such verification; and b. periodic reports as is reasonably necessary for Company and each Fund to comply with applicable state securities laws.

Fund Communications. Service Provider or its agents shall prepare: a. quarterly reports of the number of positions held in each Fund for each business day on which the Fee is to be paid pursuant to the Agreement, with such reports expressing both position and dollar amounts. Such reports shall be subject to verification by Company based on such Service Provider records that Service Provider shall make available to Company at reasonable times and as is reasonably necessary for such verification; and and b. periodic reports as is reasonably necessary for Company and each Fund to comply with applicable state securities laws.