Common use of Internal Controls Review and Report Clause in Contracts

Internal Controls Review and Report. The Transfer Agent will retain a firm of independent auditors to perform an annual review of certain internal controls and procedures employed by the Transfer Agent in the provision of the services hereunder and issue a standard System and Organization Controls 1 or equivalent report based on such review. The Transfer Agent will provide a copy of the report to the Trust upon request.

Internal Controls Review and Report. The Transfer Agent will retain a firm of independent auditors to perform an annual review of certain internal controls and procedures employed by the Transfer Agent in the provision of the services hereunder and issue a standard System and Organization Controls 1 or equivalent report (“SOC 1 Report”) based on such review. The Transfer Agent will provide a copy of the such report to the Trust upon request. The Transfer Agent shall also seek to provide to the Trust, upon request, a copy of its Delegate’s SOC 1 Report, subject to the Trust’s compliance with any applicable limitations on use and disclosure required by such Delegate or the Delegate’s auditors.

Internal Controls Review and Report. The Transfer Agent will retain a firm of independent auditors to perform an annual review of certain internal controls and procedures employed by the Transfer Agent in the provision of the services hereunder Services and issue a standard System and Organization Controls 1 or equivalent report based on such review. The Transfer Agent will provide a copy of the report to the Trust Fund upon request.