General Management Services. The Manager shall provide or arrange to provide all custody, transfer agency, dividend disbursing, legal, accounting, and administrative services necessary for the operation of the Fund, including, without limitation, the following services: (1) Custody services including, but not limited to: (i) placing and maintaining each Series’ securities, cash or other investments pursuant to the requirements of Section 17(f) of the 1940 Act and the rules thereunder; (ii) holding and physically segregating for the Fund’s account, all of the Fund’s assets, including securities that the Fund desires to be held in places within the United States (“domestic securities”) or in places outside the United States (“foreign securities”); (iii) releasing and delivering domestic securities owned by the Fund only upon receipt of instructions from persons and by means authorized by the Board; (iv) assuring that all domestic securities held are registered in the name of the Fund or in the name of any nominee of the Fund or of any nominee of the Manager or any Service Provider acting as custodian which nominee shall be assigned exclusively to the Fund, unless the Fund has provided written authorization to use a nominee not meeting the above requirement; (v) maintaining a separate bank account(s) in the United States in the name of the Fund, and holding all cash received by it from or for the account of the Fund in such account; (vi) collecting on a timely basis all income and other payments with respect to securities to which the Fund shall be entitled either by law or pursuant to custom in the securities business; (vii) paying out monies of the Fund upon receipt of instructions from persons and by means authorized by the Board; (viii) appointing or removing, in its discretion, any other entity qualified under the 1940 Act to act as a custodian, as its agent to carry out any custody duties; (ix) employing, in the discretion of the Manager or a Service Provider employed by the Manager, other parties as sub-custodians for the Fund’s domestic securities or foreign securities. With respect to the Fund’s foreign securities, such employment shall be effected and such foreign securities shall be maintained in accordance with the provisions of Rule 17f-5 under the 1940 Act, as such provisions may be amended from time to time, provided that the Manager or a Service Provider employed by the Manager shall furnish annually to the Fund, information concerning the Service Provider or sub-custodians employed by the Manager or other Service Provider; (x) creating and maintaining all records relating to its activities and obligations under any contract relating to the Fund or a Series thereof in accordance with the provisions of Section 31 of the 1940 Act and Rules 31a- 1 and 31a-2 under the 1940 Act. Such records shall be the property of the Fund and shall at all times during the regular business hours of the Manager (or separate Service Provider acting as custodian) be open for inspection by duly authorized officers, employees or agents of the Fund and employees and agents of the Securities and Exchange Commission; and (xi) performing or arranging for the performance of any other usual duties and functions of a custodian for a registered investment company; (2) Transfer agency services, including, but not limited to: (i) receiving for acceptance, orders for the purchase of Fund shares, and promptly delivering payment and appropriate documentation thereof to any Service Provider acting as custodian; (ii) issuing, pursuant to purchase orders, the appropriate number of the Fund’s shares and holding such shares in the appropriate account; (iii) receiving for acceptance redemption requests and redemption directions and delivering the appropriate documentation to any Service Provider acting as custodian; (iv) effecting transfers of Fund shares by the registered owners thereof upon receipt of appropriate instructions; (v) preparing and transmitting payments for dividends and distributions declared by the Fund; (vi) maintaining records of accounts for shareholders and advising the Fund and its shareholders as to the foregoing; (vii) handling shareholder relations, and providing reports and other information and services related to the maintenance of shareholder accounts; (viii) recording the issuance of shares of the Fund and maintaining pursuant to Rule l7Ad-10(e) under the 1934 Act a record of the total number of shares of the Fund that are authorized, based upon data provided by the Fund, and issued and outstanding; and (ix) performing or arranging for the performance of any other customary services of a transfer agent or dividend-disbursing agent for a registered investment company; (3) The calculation of the net asset value of each Series and the net asset value per share of each class of shares at such times and in such manner as specified in the Fund’s current registration statement and at such other times upon which the parties hereto may from time to time agree; and (4) The creation and maintenance of such records relating to the business of the Fund as the Fund may from time to time reasonably request. The Manager may contract with qualified Service Providers for the provision of any of the services necessary for the operation of the Fund as described in this Section (b). Where the Manager engages separate Service Providers, the Manager shall also, on behalf of the Fund, coordinate the activities of such Service Providers, as well as other agents, attorneys, brokers and dealers, insurers, sub-advisers and such other persons in any such other capacity deemed to be necessary or desirable. The Manager shall make reports to the Board of its performance hereunder and shall furnish advice and recommendations with respect to such other aspects of the business and affairs of the Fund as the Board or the Manager shall consider desirable.
Appears in 9 contracts
Samples: Management Agreement (Ultra Series Fund), Management Agreement (Ultra Series Fund), Management Agreement (Ultra Series Fund)
General Management Services. The Manager shall provide or arrange to provide all custody, transfer agency, dividend disbursing, legal, accounting, and administrative services necessary for the operation of the Fund, including, without limitation, the following services:
(1) Custody services including, but not limited to:
(i) placing and maintaining each Series’ securities, cash or other investments pursuant to the requirements of Section 17(f) of the 1940 Act and the rules thereunder;
(ii) holding and physically segregating for the Fund’s account, all of the Fund’s assets, including securities that the Fund desires to be held in places within the United States (“domestic securities”) or in places outside the United States (“foreign securities”);
(iii) releasing and delivering domestic securities owned by the Fund only upon receipt of instructions from persons and by means authorized by the Board;
(iv) assuring that all domestic securities held are registered in the name of the Fund or in the name of any nominee of the Fund or of any nominee of the Manager or any Service Provider acting as custodian which nominee shall be assigned exclusively to the Fund, unless the Fund has provided written authorization to use a nominee not meeting the above requirement;
(v) maintaining a separate bank account(s) in the United States in the name of the Fund, and holding all cash received by it from or for the account of the Fund in such account;
(vi) collecting on a timely basis all income and other payments with respect to securities to which the Fund shall be entitled either by law or pursuant to custom in the securities business;
(vii) paying out monies of the Fund upon receipt of instructions from persons and by means authorized by the Board;
(viii) appointing or removing, in its discretion, any other entity qualified under the 1940 Act to act as a custodian, as its agent to carry out any custody duties;
(ix) employing, in the discretion of the Manager or a Service Provider employed by the Manager, other parties as sub-custodians for the Fund’s domestic securities or foreign securities. With respect to the Fund’s foreign securities, such employment shall be effected and such foreign securities shall be maintained in accordance with the provisions of Rule 17f-5 under the 1940 Act, as such provisions may be amended from time to time, provided that the Manager or a Service Provider employed by the Manager shall furnish annually to the Fund, information concerning the Service Provider or sub-custodians employed by the Manager or other Service Provider;
(x) creating and maintaining all records relating to its activities and obligations under any contract relating to the Fund or a Series thereof in accordance with the provisions of Section 31 of the 1940 Act and Rules 31a- 1 and 31a-2 under the 1940 Act. Such records shall be the property of the Fund and shall at all times during the regular business hours of the Manager (or separate Service Provider acting as custodian) be open for inspection by duly authorized officers, employees or agents of the Fund and employees and agents of the Securities and Exchange Commission; and
(xi) performing or arranging for the performance of any other usual duties and functions of a custodian for a registered investment company;
(2) Transfer agency services, including, but not limited to:
(i) receiving for acceptance, orders for the purchase of Fund shares, and promptly delivering payment and appropriate documentation thereof to any Service Provider acting as custodian;
(ii) issuing, pursuant to purchase orders, the appropriate number of the Fund’s shares and holding such shares in the appropriate account;
(iii) receiving for acceptance redemption requests and redemption directions and delivering the appropriate documentation to any Service Provider acting as custodian;
(iv) effecting transfers of Fund shares by the registered owners thereof upon receipt of appropriate instructions;
(v) preparing and transmitting payments for dividends and distributions declared by the Fund;
(vi) maintaining records of accounts for shareholders and advising the Fund and its shareholders as to the foregoing;
(vii) handling shareholder relations, and providing reports and other information and services related to the maintenance of shareholder accounts;
(viii) recording the issuance of shares of the Fund and maintaining pursuant to Rule l7Ad-10(e) under the 1934 Act a record of the total number of shares of the Fund that are authorized, based upon data provided by the Fund, and issued and outstanding; and
(ix) performing or arranging for the performance of any other customary services of a transfer agent or dividend-disbursing agent for a registered investment company;
(3) The calculation of the net asset value of each Series and the net asset value per share of each class of shares at such times and in such manner as specified in the Fund’s current registration statement and at such other times upon which the parties hereto may from time to time agree; and
(4) The creation and maintenance of such records relating to the business of the Fund as the Fund may from time to time reasonably request. The Manager may contract with qualified Service Providers for the provision of any of the services necessary for the operation of the Fund as described in this Section (b). Where the Manager engages separate Service Providers, the Manager shall also, on behalf of the Fund, coordinate the activities of such Service Providers, as well as other agents, attorneys, brokers and dealers, insurers, sub-advisers and such other persons in any such other capacity deemed to be necessary or desirable. The Manager shall make reports to the Board of its performance hereunder and shall furnish advice and recommendations with respect to such other aspects of the business and affairs of the Fund as the Board or the Manager shall consider desirable.
Appears in 3 contracts
Samples: Management Agreement (Ultra Series Fund), Management Agreement (Ultra Series Fund), Management Agreement (Ultra Series Fund)
General Management Services. The Manager shall provide or arrange to provide all custody, transfer agency, dividend disbursing, legal, accounting, and administrative services necessary for the operation of the Fund, including, without limitation, the following services:
(1) Custody services including, but not limited to:
(i) placing and maintaining each Series’ ' securities, cash or other investments pursuant to the requirements of Section 17(f) of the 1940 Act and the rules thereunder;
(ii) holding and physically segregating for the Fund’s 's account, all of the Fund’s 's assets, including securities that the Fund desires to be held in places within the United States (“"domestic securities”") or in places outside the United States (“"foreign securities”");
(iii) releasing and delivering domestic securities owned by the Fund only upon receipt of instructions from persons and by means authorized by the Board;
(iv) assuring that all domestic securities held are registered in the name of the Fund or in the name of any nominee of the Fund or of any nominee of the Manager or any Service Provider acting as custodian which nominee shall be assigned exclusively to the Fund, unless the Fund has provided written authorization to use a nominee not meeting the above requirement;
(v) maintaining a separate bank account(s) in the United States in the name of the Fund, and holding all cash received by it from or for the account of the Fund in such account;
(vi) collecting on a timely basis all income and other payments with respect to securities to which the Fund shall be entitled either by law or pursuant to custom in the securities business;
(vii) paying out monies of the Fund upon receipt of instructions from persons and by means authorized by the Board;
(viii) appointing or removing, in its discretion, any other entity qualified under the 1940 Act to act as a custodian, as its agent to carry out any custody duties;
(ix) employing, in the discretion of the Manager or a Service Provider employed by the Manager, other parties as sub-custodians for the Fund’s 's domestic securities or foreign securities. With respect to the Fund’s 's foreign securities, such employment shall be effected and such foreign securities shall be maintained in accordance with the provisions of Rule 17f-5 under the 1940 Act, as such provisions may be amended from time to time, provided that the Manager or a Service Provider employed by the Manager shall furnish annually to the Fund, information concerning the Service Provider or sub-custodians employed by the Manager or other Service Provider;
(x) creating and maintaining all records relating to its activities and obligations under any contract relating to the Fund or a Series thereof in accordance with the provisions of Section 31 of the 1940 Act and Rules 31a- 1 and 31a-2 under the 1940 Act. Such records shall be the property of the Fund and shall at all times during the regular business hours of the Manager (or separate Service Provider acting as custodian) be open for inspection by duly authorized officers, employees or agents of the Fund and employees and agents of the Securities and Exchange Commission; and
(xi) performing or arranging for the performance of any other usual duties and functions of a custodian for a registered investment company;
(2) Transfer agency services, including, but not limited to:
(i) receiving for acceptance, orders for the purchase of Fund shares, and promptly delivering payment and appropriate documentation thereof to any Service Provider acting as custodian;
; (ii) issuing, pursuant to purchase orders, the appropriate number of the Fund’s 's shares and holding such shares in the appropriate account;
(iii) receiving for acceptance redemption requests and redemption directions and delivering the appropriate documentation to any Service Provider acting as custodian;
(iv) effecting transfers of Fund shares by the registered owners thereof upon receipt of appropriate instructions;
(v) preparing and transmitting payments for dividends and distributions declared by the Fund;
(vi) maintaining records of accounts for shareholders and advising the Fund and its shareholders as to the foregoing;
(vii) handling shareholder relations, and providing reports and other information and services related to the maintenance of shareholder accounts;
(viii) recording the issuance of shares of the Fund and maintaining pursuant to Rule l7Ad-10(e) under the 1934 Act a record of the total number of shares of the Fund that are authorized, based upon data provided by the Fund, and issued and outstanding; and
(ix) performing or arranging for the performance of any other customary services of a transfer agent or dividend-disbursing agent for a registered investment company;
(3) The calculation of the net asset value of each Series and the net asset value per share of each class of shares at such times and in such manner as specified in the Fund’s current registration statement and at such other times upon which the parties hereto may from time to time agree; and
(4) The creation and maintenance of such records relating to the business of the Fund as the Fund may from time to time reasonably request. The Manager may contract with qualified Service Providers for the provision of any of the services necessary for the operation of the Fund as described in this Section (b). Where the Manager engages separate Service Providers, the Manager shall also, on behalf of the Fund, coordinate the activities of such Service Providers, as well as other agents, attorneys, brokers and dealers, insurers, sub-advisers and such other persons in any such other capacity deemed to be necessary or desirable. The Manager shall make reports to the Board of its performance hereunder and shall furnish advice and recommendations with respect to such other aspects of the business and affairs of the Fund as the Board or the Manager shall consider desirable.
Appears in 1 contract
General Management Services. The Manager shall provide or arrange to provide all custody, transfer agency, dividend disbursing, legal, accounting, and administrative services necessary for the operation of the FundTrust, including, without limitation, the following services:
(1) Custody services including, but not limited to:
(i) placing and maintaining each Series’ Fund's securities, cash or other investments pursuant to the requirements of Section 17(f) of the 1940 Act and the rules thereunder;
(ii) holding and physically segregating for the Fund’s Trust's account, all of the Fund’s Trust's assets, including securities that the Fund Trust desires to be held in places within the United States (“"domestic securities”") or in places outside the United States (“"foreign securities”");
(iii) releasing and delivering domestic securities owned by the Fund Trust only upon receipt of instructions from persons and by means authorized by the Board;
(iv) assuring that all domestic securities held are registered in the name of the Fund Trust or in the name of any nominee of the Fund Trust or of any nominee of the Manager or any Service Provider acting as custodian which nominee shall be assigned exclusively to the FundTrust, unless the Fund Trust has provided written authorization to use a nominee not meeting the above requirement;
(v) maintaining a separate bank account(s) in the United States in the name of the FundTrust, and holding all cash received by it from or for the account of the Fund Trust in such account;
(vi) collecting on a timely basis all income and other payments with respect to securities to which the Fund Trust shall be entitled either by law or pursuant to custom in the securities business;
(vii) paying out monies of the Fund Trust upon receipt of instructions from persons and by means authorized by the Board;
(viii) appointing or removing, in its discretion, any other entity qualified under the 1940 Act to act as a custodian, as its agent to carry out any custody duties;
(ix) employing, in the discretion of the Manager or a Service Provider employed by the Manager, other parties as sub-custodians for the Fund’s Trust's domestic securities or foreign securities. With respect to the Fund’s Trust's foreign securities, such employment shall be effected and such foreign securities shall be maintained in accordance with the provisions of Rule 17f-5 under the 1940 Act, as such provisions may be amended from time to time, provided that the Manager or a Service Provider employed by the Manager shall furnish annually to the FundTrust, information concerning the Service Provider or sub-custodians employed by the Manager or other Service Provider;
(x) creating and maintaining all records relating to its activities and obligations under any contract relating to the Fund Trust or a Series Fund thereof in accordance with the provisions of Section 31 of the 1940 Act and Rules 31a- 1 31a-1 and 31a-2 under the 1940 Act. Such records shall be the property of the Fund Trust and shall at all times during the regular business hours of the Manager (or separate Service Provider acting as custodian) be open for inspection by duly authorized officers, employees or agents of the Fund Trust and employees and agents of the Securities and Exchange Commission; and
and (xi) performing or arranging for the performance of any other usual duties and functions of a custodian for a registered investment company;
; (2) Transfer agency services, including, but not limited to:
(i) receiving for acceptance, orders for the purchase of Fund Trust shares, and promptly delivering payment and appropriate documentation thereof to any Service Provider acting as custodian;
(ii) issuing, pursuant to purchase orders, the appropriate number of the Fund’s Trust's shares and holding such shares in the appropriate account;
(iii) receiving for acceptance redemption requests and redemption directions and delivering the appropriate documentation to any Service Provider acting as custodian;
(iv) effecting transfers of Fund Trust shares by the registered owners thereof upon receipt of appropriate instructions;
; (v) preparing and transmitting payments for dividends and distributions declared by the FundTrust;
(vi) maintaining records of accounts for shareholders and advising the Fund and its shareholders as to the foregoing;
(vii) handling shareholder relations, and providing reports and other information and services related to the maintenance of shareholder accounts;
(viii) recording the issuance of shares of the Fund and maintaining pursuant to Rule l7Ad-10(e) under the 1934 Act a record of the total number of shares of the Fund that are authorized, based upon data provided by the Fund, and issued and outstanding; and
(ix) performing or arranging for the performance of any other customary services of a transfer agent or dividend-disbursing agent for a registered investment company;
(3) The calculation of the net asset value of each Series and the net asset value per share of each class of shares at such times and in such manner as specified in the Fund’s current registration statement and at such other times upon which the parties hereto may from time to time agree; and
(4) The creation and maintenance of such records relating to the business of the Fund as the Fund may from time to time reasonably request. The Manager may contract with qualified Service Providers for the provision of any of the services necessary for the operation of the Fund as described in this Section (b). Where the Manager engages separate Service Providers, the Manager shall also, on behalf of the Fund, coordinate the activities of such Service Providers, as well as other agents, attorneys, brokers and dealers, insurers, sub-advisers and such other persons in any such other capacity deemed to be necessary or desirable. The Manager shall make reports to the Board of its performance hereunder and shall furnish advice and recommendations with respect to such other aspects of the business and affairs of the Fund as the Board or the Manager shall consider desirable.
Appears in 1 contract
General Management Services. The Manager shall provide or arrange to provide all custody, transfer agency, dividend disbursing, legal, accounting, and administrative services necessary for the operation of the Fund, including, without limitation, the following services:
(1) Custody services including, but not limited to:
(i) placing and maintaining each Series’ securities, cash or other investments pursuant to the requirements of Section 17(f) of the 1940 Act and the rules thereunder;
(ii) holding and physically segregating for the Fund’s account, all of the Fund’s assets, including securities that the Fund desires to be held in places within the United States (“domestic securities”) or in places outside the United States (“foreign securities”);
(iii) releasing and delivering domestic securities owned by the Fund only upon receipt of instructions from persons and by means authorized by the Board;
(iv) assuring that all domestic securities held are registered in the name of the Fund or in the name of any nominee of the Fund or of any nominee of the Manager or any Service Provider acting as custodian which nominee shall be assigned exclusively to the Fund, unless the Fund has provided written authorization to use a nominee not meeting the above requirement;
(v) maintaining a separate bank account(s) in the United States in the name of the Fund, and holding all cash received by it from or for the account of the Fund in such account;
(vi) collecting on a timely basis all income and other payments with respect to securities to which the Fund shall be entitled either by law or pursuant to custom in the securities business;
(vii) paying out monies of the Fund upon receipt of instructions from persons and by means authorized by the Board;
(viii) appointing or removing, in its discretion, any other entity qualified under the 1940 Act to act as a custodian, as its agent to carry out any custody duties;
(ixx) employing, in the discretion of the Manager or a Service Provider employed by the Manager, other parties as sub-custodians for the Fund’s domestic securities or foreign securities. With respect to the Fund’s foreign securities, such employment shall be effected and such foreign securities shall be maintained in accordance with the provisions of Rule 17f-5 under the 1940 Act, as such provisions may be amended from time to time, provided that the Manager or a Service Provider employed by the Manager shall furnish annually to the Fund, information concerning the Service Provider or sub-custodians employed by the Manager or other Service Provider;
(x) creating and maintaining all records relating to its activities and obligations under any contract relating to the Fund or a Series thereof in accordance with the provisions of Section 31 of the 1940 Act and Rules 31a- 1 and 31a-2 under the 1940 Act. Such records shall be the property of the Fund and shall at all times during the regular business hours of the Manager (or separate Service Provider acting as custodian) be open for inspection by duly authorized officers, employees or agents of the Fund and employees and agents of the Securities and Exchange Commission; and
(xi) performing or arranging for the performance of any other usual duties and functions of a custodian for a registered investment company;
(2) Transfer agency services, including, but not limited to:
(i) receiving for acceptance, orders for the purchase of Fund shares, and promptly delivering payment and appropriate documentation thereof to any Service Provider acting as custodian;
(ii) issuing, pursuant to purchase orders, the appropriate number of the Fund’s shares and holding such shares in the appropriate account;
(iii) receiving for acceptance redemption requests and redemption directions and delivering the appropriate documentation to any Service Provider acting as custodian;
(iv) effecting transfers of Fund shares by the registered owners thereof upon receipt of appropriate instructions;
(v) preparing and transmitting payments for dividends and distributions declared by the Fund;
(vi) maintaining records of accounts for shareholders and advising the Fund and its shareholders as to the foregoing;
(vii) handling shareholder relations, and providing reports and other information and services related to the maintenance of shareholder accounts;
(viii) recording the issuance of shares of the Fund and maintaining pursuant to Rule l7Ad-10(e) under the 1934 Act a record of the total number of shares of the Fund that are authorized, based upon data provided by the Fund, and issued and outstanding; and
(ix) performing or arranging for the performance of any other customary services of a transfer agent or dividend-disbursing agent for a registered investment company;
(3) The calculation of the net asset value of each Series and the net asset value per share of each class of shares at such times and in such manner as specified in the Fund’s current registration statement and at such other times upon which the parties hereto may from time to time agree; and
(4) The creation and maintenance of such records relating to the business of the Fund as the Fund may from time to time reasonably request. The Manager may contract with qualified Service Providers for the provision of any of the services necessary for the operation of the Fund as described in this Section (b). Where the Manager engages separate Service Providers, the Manager shall also, on behalf of the Fund, coordinate the activities of such Service Providers, as well as other agents, attorneys, brokers and dealers, insurers, sub-advisers and such other persons in any such other capacity deemed to be necessary or desirable. The Manager shall make reports to the Board of its performance hereunder and shall furnish advice and recommendations with respect to such other aspects of the business and affairs of the Fund as the Board or the Manager shall consider desirable.
Appears in 1 contract
General Management Services. The Manager shall provide or arrange to provide all custody, transfer agency, dividend disbursing, legal, accounting, and administrative services necessary for the operation of the Fund, including, without limitation, the following services:
(1) Custody services including, but not limited to:
(i) placing and maintaining each Series’ ' securities, cash or other investments pursuant to the requirements of Section 17(f) of the 1940 Act and the rules thereunder;
(ii) holding and physically segregating for the Fund’s 's account, all of the Fund’s 's assets, including securities that the Fund desires to be held in places within the United States (“"domestic securities”") or in places outside the United States (“"foreign securities”");
(iii) releasing and delivering domestic securities owned by the Fund only upon receipt of instructions from persons and by means authorized by the Board;
(iv) assuring that all domestic securities held are registered in the name of the Fund or in the name of any nominee of the Fund or of any nominee of the Manager or any Service Provider acting as custodian which nominee shall be assigned exclusively to the Fund, unless the Fund has provided written authorization to use a nominee not meeting the above requirement;
(v) maintaining a separate bank account(s) in the United States in the name of the Fund, and holding all cash received by it from or for the account of the Fund in such account;
(vi) collecting on a timely basis all income and other payments with respect to securities to which the Fund shall be entitled either by law or pursuant to custom in the securities business;
(vii) paying out monies of the Fund upon receipt of instructions from persons and by means authorized by the Board;
(viii) appointing or removing, in its discretion, any other entity qualified under the 1940 Act to act as a custodian, as its agent to carry out any custody duties;
(ix) employing, in the discretion of the Manager or a Service Provider employed by the Manager, other parties as sub-custodians for the Fund’s 's domestic securities or foreign securities. With respect to the Fund’s 's foreign securities, such employment shall be effected and such foreign securities shall be maintained in accordance with the provisions of Rule 17f-5 under the 1940 Act, as such provisions may be amended from time to time, provided that the Manager or a Service Provider employed by the Manager shall furnish annually to the Fund, information concerning the Service Provider or sub-custodians employed by the Manager or other Service Provider;
(x) creating and maintaining all records relating to its activities and obligations under any contract relating to the Fund or a Series thereof in accordance with the provisions of Section 31 of the 1940 Act and Rules 31a- 1 31a-1 and 31a-2 under the 1940 Act. Such records shall be the property of the Fund and shall at all times during the regular business hours of the Manager (or separate Service Provider acting as custodian) be open for inspection by duly authorized officers, employees or agents of the Fund and employees and agents of the Securities and Exchange Commission; and
(xi) performing or arranging for the performance of any other usual duties and functions of a custodian for a registered investment company;
(2) Transfer agency services, including, but not limited to:
(i) receiving for acceptance, orders for the purchase of Fund shares, and promptly delivering payment and appropriate documentation thereof to any Service Provider acting as custodian;
(ii) issuing, pursuant to purchase orders, the appropriate number of the Fund’s 's shares and holding such shares in the appropriate account;
(iii) receiving for acceptance redemption requests and redemption directions and delivering the appropriate documentation to any Service Provider acting as custodian;
(iv) effecting transfers of Fund shares by the registered owners thereof upon receipt of appropriate instructions;
(v) preparing and transmitting payments for dividends and distributions declared by the Fund;
(vi) maintaining records of accounts for shareholders and advising the Fund and its shareholders as to the foregoing;
(vii) handling shareholder relations, and providing reports and other information and services related to the maintenance of shareholder accounts;
(viii) recording the issuance of shares of the Fund and maintaining pursuant to Rule l7Ad-10(e17Ad-10(e) under the 1934 Act a record of the total number of shares of the Fund that are authorized, based upon data provided by the Fund, and issued and outstanding; and
(ix) performing or arranging for the performance of any other customary services of a transfer agent or dividend-disbursing agent for a registered investment company;
(3) The calculation of the net asset value of each Series and the net asset value per share of each class of shares at such times and in such manner as specified in the Fund’s 's current registration statement and at such other times upon which the parties hereto may from time to time agree; and
(4) The creation and maintenance of such records relating to the business of the Fund as the Fund may from time to time reasonably request. The Manager may contract with qualified Service Providers for the provision of any of the services necessary for the operation of the Fund as described in this Section (b). Where the Manager engages separate Service Providers, the Manager shall also, on behalf of the Fund, coordinate the activities of such Service Providers, as well as other agents, attorneys, brokers and dealers, insurers, sub-advisers and such other persons in any such other capacity deemed to be necessary or desirable. The Manager shall make reports to the Board of its performance hereunder and shall furnish advice and recommendations with respect to such other aspects of the business and affairs of the Fund as the Board or the Manager shall consider desirable.
Appears in 1 contract
General Management Services. The Manager Advisors shall provide or arrange to provide all custody, transfer agency, dividend disbursing, legal, accounting, and administrative services necessary for the operation of the Fund, including, without limitation, the following services:
(1i) Custody services including, but not limited to:
(i1) placing and maintaining each Series’ Fund's securities, cash or other investments pursuant to the requirements of Section 17(f) of the 1940 Act and the rules thereunder;
(ii2) holding and physically segregating for the Fund’s 's account, all of the Fund’s 's assets, including securities that the Fund desires to be held in places within the United States (“"domestic securities”") or in places outside the United States (“"foreign securities”");
(iii3) releasing and delivering domestic securities owned by the Fund only upon receipt of instructions from persons and by means authorized by the Board;
(iv4) assuring that all domestic securities held are registered in the name of the Fund or in the name of any nominee of the Fund or of any nominee of the Manager Advisors or any Service Provider acting as custodian which nominee shall be assigned exclusively to the Fund, unless the Fund has provided written authorization to use a nominee not meeting the above requirement;
(v5) maintaining a separate bank account(s) in the United States in the name of the Fund, and holding all cash received by it from or for the account of the Fund in such account;
(vi6) collecting on a timely basis all income and other payments with respect to securities to which the Fund shall be entitled either by law or pursuant to custom in the securities business;
(vii7) paying out monies of the Fund upon receipt of instructions from persons and by means authorized by the Board;
(viii) 8) appointing or removing, in its discretion, any other entity qualified under the 1940 Act to act as a custodian, as its agent to carry out any custody dutiesduties so long as such other entity is approved by the Board;
(ix9) employing, in the discretion of the Manager Advisors or a Service Provider employed by the ManagerAdvisors, other parties as sub-custodians for the Fund’s 's domestic securities or foreign securities. With respect to the Fund’s 's foreign securities, such employment shall be effected and such foreign securities shall be maintained in accordance with the provisions of Rule 17f-5 under the 1940 Act, as such provisions may be amended from time to time, provided that the Manager Advisors or a Service Provider employed by the Manager Advisors shall furnish annually to the Fund, information concerning the Service Provider or sub-custodians employed by the Manager Advisors or other Service Provider;
(x10) creating and maintaining all records relating to its activities and obligations under any contract relating to the Fund or a Series Fund thereof in accordance with the provisions of Section 31 of the 1940 Act and Rules 31a- 1 31a-1 and 31a-2 under the 1940 Act. Such records shall be the property of the Fund and shall at all times during the regular business hours of the Manager Advisors (or separate Service Provider acting as custodian) be open for inspection by duly authorized officers, employees or agents of the Fund and employees and agents of the Securities and Exchange Commission; and
(xi11) performing or arranging for the performance of any other usual duties and functions of a custodian for a registered investment company;
(2ii) Transfer agency services, including, but not limited to:
(i1) receiving for acceptance, orders for the purchase of Fund shares, and promptly delivering payment and appropriate documentation thereof to Advisors or any Service Provider acting as custodian;
(ii2) issuing, pursuant to purchase orders, the appropriate number of the Fund’s 's shares and holding such shares in the appropriate account;
(iii3) receiving for acceptance redemption requests and redemption directions and delivering the appropriate documentation to Advisors or any Service Provider acting as custodian;
(iv4) effecting transfers of Fund shares by the registered owners thereof upon receipt of appropriate instructions;
(v5) preparing and transmitting payments for dividends and distributions declared by the Fund;
(vi6) maintaining records of accounts for shareholders and advising the Fund and its shareholders as to the foregoing;
(vii7) handling shareholder relations, and providing reports and other information and services related to the maintenance of shareholder accounts;
(viii) 8) recording the issuance of shares of the Fund and maintaining pursuant to Rule l7Ad-10(e17Ad-10(e) under the 1934 Act a record of the total number of shares of the Fund that are authorized, based upon data provided by the Fund, and issued and outstanding; and
(ix9) performing or arranging for the performance of any other customary services of a transfer agent or dividend-disbursing agent for a registered investment company;
(3iii) The calculation of the net asset value of each Series Fund and the net asset value per share of each class of shares at such times and in such manner as specified in the Fund’s 's current registration statement and at such other times upon which the parties hereto may from time to time agree; and;
(4iv) The creation and maintenance of such records relating to the business of the Fund as the Fund may from time to time reasonably request. ;
(v) Portfolio accounting services to maintain the portfolio accounting records for each Fund;
(vi) The Manager may contract with qualified Service Providers preparation of all federal, state, and local tax returns and reports relating to each Fund;
(vii) The preparation, filing and arranging for the provision distribution of any proxy materials and periodic reports to shareholders of the services necessary for the operation of the Fund as described in this Section each Fund;
(b). Where the Manager engages separate Service Providers, the Manager shall also, on behalf viii) The preparation and filing of the Fund, coordinate 's registration statements and other documents with the activities of such Service Providers, Securities and Exchange Commission and other federal and state regulatory authorities as well as other agents, attorneys, brokers and dealers, insurers, sub-advisers and such other persons in any such other capacity deemed to may be necessary or desirable. The Manager shall make reports to the Board of its performance hereunder and shall furnish advice and recommendations with respect to such other aspects of the business and affairs of the Fund as the Board or the Manager shall consider desirable.required by applicable law;
Appears in 1 contract
Samples: Investment Management Agreement (Tiaa Cref Mutual Fund)
General Management Services. The Manager shall provide or arrange to --------------------------- provide all custody, transfer agency, dividend disbursing, legal, accounting, and administrative services necessary for the operation of the FundTrust, including, without limitation, the following services:
(1) Custody services including, but not limited to:
(i) placing and maintaining each Series’ Fund's securities, cash or other investments pursuant to the requirements of Section 17(f) of the 1940 Act and the rules thereunder;
(ii) holding and physically segregating for the Fund’s Trust's account, all of the Fund’s Trust's assets, including securities that the Fund Trust desires to be held in places within the United States (“"domestic securities”") or in places outside the United States (“"foreign securities”");
(iii) releasing and delivering domestic securities owned by the Fund Trust only upon receipt of instructions from persons and by means authorized by the Board;
(iv) assuring that all domestic securities held are registered in the name of the Fund Trust or in the name of any nominee of the Fund Trust or of any nominee of the Manager or any Service Provider acting as custodian which nominee shall be assigned exclusively to the FundTrust, unless the Fund Trust has provided written authorization to use a nominee not meeting the above requirement;
(v) maintaining a separate bank account(s) in the United States in the name of the FundTrust, and holding all cash received by it from or for the account of the Fund Trust in such account;
(vi) collecting on a timely basis all income and other payments with respect to securities to which the Fund Trust shall be entitled either by law or pursuant to custom in the securities business;
(vii) paying out monies of the Fund Trust upon receipt of instructions from persons and by means authorized by the Board;
(viii) appointing or removing, in its discretion, any other entity qualified under the 1940 Act to act as a custodian, as its agent to carry out any custody duties;
(ix) employing, in the discretion of the Manager or a Service Provider employed by the Manager, other parties as sub-custodians for the Fund’s Trust's domestic securities or foreign securities. With respect to the Fund’s Trust's foreign securities, such employment shall be effected and such foreign securities shall be maintained in accordance with the provisions of Rule 17f-5 under the 1940 Act, as such provisions may be amended from time to time, provided that the Manager or a Service Provider employed by the Manager shall furnish annually to the FundTrust, information concerning the Service Provider or sub-custodians employed by the Manager or other Service Provider;
(x) creating and maintaining all records relating to its activities and obligations under any contract relating to the Fund Trust or a Series Fund thereof in accordance with the provisions of Section 31 of the 1940 Act and Rules 31a- 1 31a-1 and 31a-2 under the 1940 Act. Such records shall be the property of the Fund Trust and shall at all times during the regular business hours of the Manager (or separate Service Provider acting as custodian) be open for inspection by duly authorized officers, employees or agents of the Fund Trust and employees and agents of the Securities and Exchange Commission; and
(xi) performing or arranging for the performance of any other usual duties and functions of a custodian for a registered investment company;
(2) Transfer agency services, including, but not limited to:
(i) receiving for acceptance, orders for the purchase of Fund Trust shares, and promptly delivering payment and appropriate documentation thereof to any Service Provider acting as custodian;
(ii) issuing, pursuant to purchase orders, the appropriate number of the Fund’s Trust's shares and holding such shares in the appropriate account;
(iii) receiving for acceptance redemption requests and redemption directions and delivering the appropriate documentation to any Service Provider acting as custodian;
(iv) effecting transfers of Fund Trust shares by the registered owners thereof upon receipt of appropriate instructions;
(v) preparing and transmitting payments for dividends and distributions declared by the FundTrust;
(vi) maintaining records of accounts for shareholders and advising the Fund Trust and its shareholders as to the foregoing;
(vii) handling shareholder relations, and providing reports and other information and services related to the maintenance of shareholder accounts;
(viii) recording the issuance of shares of the Fund Trust and maintaining pursuant to Rule l7Ad-10(e17Ad-10(e) under the 1934 Act a record of the total number of shares of the Fund Trust that are authorized, based upon data provided by the FundTrust, and issued and outstanding; and
(ix) performing or arranging for the performance of any other customary services of a transfer agent or dividend-dividend- disbursing agent for a registered investment company;
(3) The calculation of the net asset value of each Series Fund and the net asset value per share of each class of shares at such times and in such manner as specified in the Fund’s Trust's current registration statement and at such other times upon which the parties hereto may from time to time agree; and
(4) The creation and maintenance of such records relating to the business of the Fund Trust as the Fund Trust may from time to time reasonably request. The Manager may contract with qualified Service Providers for the provision of any of the services necessary for the operation of the Fund Trust as described in this Section (b). Where the Manager engages separate Service Providers, the Manager shall also, on behalf of the FundTrust, coordinate the activities of such Service Providers, as well as other agents, attorneys, brokers and dealers, insurers, sub-advisers and such other persons in any such other capacity deemed to be necessary or desirable. The Manager shall make reports to the Board of its performance hereunder and shall furnish advice and recommendations with respect to such other aspects of the business and affairs of the Fund Trust as the Board or the Manager shall consider desirable.
Appears in 1 contract
General Management Services. The Manager Advisors shall provide or arrange to provide all custody, transfer agency, dividend disbursing, legal, accounting, and administrative services necessary for the operation of the Fund, including, without limitation, the following services:
(1i) Custody services including, but not limited to:
(i1) placing and maintaining each Series’ Fund's securities, cash or other investments pursuant to the requirements of Section 17(f) of the 1940 Act and the rules thereunder;
(ii2) holding and physically segregating for the Fund’s 's account, all of the Fund’s 's assets, including securities that the Fund desires to be held in places within the United States (“"domestic securities”") or in places outside the United States (“"foreign securities”");
(iii3) releasing and delivering domestic securities owned by the Fund only upon receipt of instructions from persons and by means authorized by the Board;
(iv4) assuring that all domestic securities held are registered in the name of the Fund or in the name of any nominee of the Fund or of any nominee of the Manager Advisors or any Service Provider acting as custodian which nominee shall be assigned exclusively to the Fund, unless the Fund has provided written authorization to use a nominee not meeting the above requirement;
(v5) maintaining a separate bank account(s) in the United States in the name of the Fund, and holding all cash received by it from or for the account of the Fund in such account;
(vi6) collecting on a timely basis all income and other payments with respect to securities to which the Fund shall be entitled either by law or pursuant to custom in the securities business;
(vii7) paying out monies of the Fund upon receipt of instructions from persons and by means authorized by the Board;
(viii) 8) appointing or removing, in its discretion, any other entity qualified under the 1940 Act to act as a custodian, as its agent to carry out any custody dutiesduties so long as such other entity is approved by the Board;
(ix9) employing, in the discretion of the Manager Advisors or a Service Provider employed by the ManagerAdvisors, other parties as sub-close custodians for the Fund’s 's domestic securities or foreign securities. With respect to the Fund’s 's foreign securities, if any, such employment shall be effected and such foreign securities shall be maintained in accordance with the provisions of Rule 17f-5 under the 1940 Act, as such provisions may be amended from time to time, provided that the Manager Advisors or a Service Provider employed by the Manager Advisors shall furnish annually to the Fund, information concerning the Service Provider or sub-custodians employed by the Manager Advisors or other Service Provider;
(x10) creating and maintaining all records relating to its activities and obligations under any contract relating to the Fund or a Series Fund thereof in accordance with the provisions of Section 31 of the 1940 Act and Rules 31a- 1 31a-1 and 31a-2 under the 1940 Act. Such records shall be the property of the Fund and shall at all times during the regular business hours of the Manager Advisors (or separate Service Provider acting as custodian) be open for inspection by duly authorized officers, employees or agents of the Fund and employees and agents of the Securities and Exchange Commission; and
(xi11) performing or arranging for the performance of any other usual duties and functions of a custodian for a registered investment company;
(2ii) Transfer agency services, including, but not limited to:
(i1) receiving for acceptance, orders for the purchase of Fund shares, and promptly delivering payment and appropriate documentation thereof to Advisors or any Service Provider acting as custodian;
(ii2) issuing, pursuant to purchase orders, the appropriate number of the Fund’s 's shares and holding such shares in the appropriate account;
(iii3) receiving for acceptance redemption requests and redemption directions and delivering the appropriate documentation to Advisors or any Service Provider acting as custodian;
(iv4) effecting transfers of Fund shares by the registered owners thereof upon receipt of appropriate instructions;
(v5) preparing and transmitting payments for dividends and distributions declared by the Fund;
(vi6) maintaining records of accounts for shareholders and advising the Fund and its shareholders as to the foregoing;
(vii) handling shareholder relations, and providing reports and other information and services related to the maintenance of shareholder accounts;
(viii7) recording the issuance of shares of the Fund and maintaining pursuant to Rule l7Ad-10(e17Ad-10(e) under the 1934 Act a record of the total number of shares of the Fund that are authorized, based upon data provided by the Fund, and issued and outstanding; and
(ix) 8) performing or arranging for the performance of any other customary services of a transfer agent or dividend-disbursing agent for a registered investment company;
(3iii) The calculation of the net asset value of each Series Fund and the net asset value per share of each class of shares at such times and in such manner as specified in the Fund’s 's current registration statement and at such other times upon which the parties hereto may from time to time agree; and;
(4iv) The creation and maintenance of such records relating to the business of the Fund as the Fund may from time to time reasonably request. ;
(v) Portfolio accounting services to maintain the portfolio accounting records for each Fund;
(vi) The Manager may contract with qualified Service Providers preparation of all federal, state, and local tax returns and reports relating to each Fund;
(vii) The preparation, filing and arranging for the provision distribution of any proxy materials and periodic reports to shareholders of the services necessary for the operation of the Fund as described in this Section each Fund;
(b). Where the Manager engages separate Service Providers, the Manager shall also, on behalf viii) The preparation and filing of the Fund, coordinate 's registration statements and other documents with the activities of such Service Providers, Securities and Exchange Commission and other federal and state regulatory authorities as well as other agents, attorneys, brokers and dealers, insurers, sub-advisers and such other persons in any such other capacity deemed to may be necessary or desirable. The Manager shall make reports to the Board of its performance hereunder and shall furnish advice and recommendations with respect to such other aspects of the business and affairs of the Fund as the Board or the Manager shall consider desirable.required by applicable law;
Appears in 1 contract
Samples: Investment Management Agreement (Tiaa Cref Life Fund)
