Common use of IRS Compliance Clause in Contracts

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basis. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund management and/or its independent accountant.

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for the review and approval of Fund management and/or its independent accountanttax distributions).

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisAsset diversification requirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for the review and approval of Fund management and/or its independent accountanttax distributions).

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basis. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required distributions (including annual excise distribution amounts amounts) for the review and approval of Fund management and/or its independent accountantregistered public accounting firm.

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund management and/or its independent accountant.

IRS Compliance. a. Monitor the each Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund management (“Management”) and/or its the Trust’s independent accountantauditor.

IRS Compliance. a. Monitor the FundCompany’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund management and/or its independent accountant.

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required distributions (including annual excise distribution amounts amounts) for the review and approval of Fund management and/or its independent accountantregistered public accounting firm.

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions for qualification as a regulated investment company under Subchapter M of the Code (as well as any other distributions necessary to avoid Fund-level tax or excise distribution amounts for the review and approval of Fund management and/or its independent accountanttaxes).

IRS Compliance. a. Monitor the Fund’s Funds’ status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”)M, including without limitation, review of the following: (ii.) Diversification requirements on a quarterly basisAsset diversification requirements. (ii.) Qualifying income requirements. . (iii.) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for tax distributions). c. Report all information to the review and approval IRS, including the filing of Fund management and/or its independent accountantall documention, that is required to operate the Funds.

IRS Compliance. a. Monitor the Fund’s Funds’ status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisAsset diversification requirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for the review and approval of Fund management and/or its independent accountanttax distributions).

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions (including distributions necessary to avoid excise distribution amounts for the review and approval of Fund management and/or its independent accountanttaxes).

IRS Compliance. a. Monitor the Fund’s 's status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”)M, including without limitation, review of the following: (i) Diversification requirements on a quarterly basisAsset diversification requirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for the review and approval of Fund management and/or its independent accountanttax distributions).

IRS Compliance. a. Monitor the each Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basis.requirements (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund management (“Management”) and/or its the Trust’s independent accountantauditor.

IRS Compliance. a. Monitor the each Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986M, as amended (the “Code”)including, including without limitation, review of the following: (i) Diversification requirements on a quarterly basisAsset diversification requirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for the review and approval of Fund management and/or its independent accountanttax distributions).

IRS Compliance. a. Monitor the each Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisAsset diversification requirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for the review and approval of Fund management and/or its independent accountanttax distributions).

IRS Compliance. a. Monitor the each Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: : (i) Diversification requirements on a quarterly basis. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund management and/or its independent accountant.

IRS Compliance. a. Monitor the Fund’s Funds' status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”)M, including without limitation, review of the following: (i) Diversification requirements on a quarterly basisAsset diversification requirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for the review and approval of Fund management and/or its independent accountanttax distributions).

IRS Compliance. a. Monitor the Fund’s Funds’ status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”)M, including without limitation, review of the following: (ii.) Diversification requirements on a quarterly basisAsset diversification requirements. (ii.) Qualifying income requirements. (iii.) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for tax distributions). c. Report all information to the review and approval IRS, including the filing of Fund management and/or its independent accountantall documention, that is required to operate the Funds.

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basis. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required distributions (including annual excise distribution amounts amounts) for the review and approval of Fund management and/or its independent accountant.

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basis. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts (including excise tax distributions) for the review and approval of Fund management and/or its independent accountant.

IRS Compliance. a. Monitor the each Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund management and/or its independent accountant.

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: : (i) Diversification requirements of Section 817(h) of the Code on a quarterly basis. . (ii) Qualifying income requirements. . (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund management and/or its independent accountant.

IRS Compliance. a. Monitor the Fund’s Funds’ status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”)M, including without limitation, review of the following: (i) Diversification requirements on a quarterly basisAsset diversification requirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for tax distributions). c. Report all information to the review and approval IRS, including the filing of Fund management and/or its independent accountantall documention, that is required to operate the Funds.

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company (Fund) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund management and/or its independent accountant.

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Maintenance of books and records under Rule 31a-3 of the 1940 Act. (ii) Diversification requirements on a quarterly basis. (iiiii) 90% Qualifying income requirements. (iiiiv) Distribution Annual distribution requirements. (v) Section 18 of the 1940 Act – 300% Asset Coverage Requirement. b. Calculate required annual excise distribution amounts for the review and approval of Fund management and/or its independent accountant.

IRS Compliance. a. Monitor the each Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for the review and approval of Fund management and/or its independent accountanttax distributions).

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions for qualification as a regulated investment company under Sub chapter M of the Code (as well as any other distributions necessary to avoid Fund-level tax or excise distribution amounts for the review and approval of Fund management and/or its independent accountanttaxes).

IRS Compliance. a. Monitor the Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund management and/or its independent accountantIRPAF.

IRS Compliance. a. Monitor the Fund’s 's status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “"Code”"), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual distributions (including excise distribution amounts for the review and approval of Fund management and/or its independent accountanttax distributions).

IRS Compliance. a. Monitor the each Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund Trust management and/or its independent accountant.

IRS Compliance. a. Monitor the each Fund’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), including without limitation, review of the following: (i) Diversification requirements on a quarterly basisrequirements. (ii) Qualifying income requirements. (iii) Distribution requirements. b. Calculate required annual excise distribution amounts for the review and approval of Fund management (“Management”) and/or its the Trust’s independent accountantauditor.