Common use of Itemized Services Clause in Contracts

Itemized Services. PFPC shall: (i) Calculate 12b-1 payments and payments under any Shareholder Services Plan of the Fund, produce and mail statements and checks where applicable or generate payments through the National Securities Clearing Corp. (the "NSCC") to all eligible dealers, and forward ineligible checks and statements to Aquila Distributors, Inc. (the "Distributor"); (ii) Make weekly payment of direct commissions, including settlement through NSCC; (iii) Establish and maintain proper shareholder registrations; (iv) Review new applications for required information and correspond with shareholders to complete or correct information; (v) Provide payment processing of checks or wires; (vi) Prepare and certify stockholder lists in conjunction with proxy solicitations; (vii) Issue and countersign share certificates (when requested in writing by a shareholder) and cancel share certificates; (viii) Prepare and mail to shareholders confirmation of activity; (ix) Provide toll-free lines and voice response unit for direct shareholder use, plus customer liaison staff for on-line inquiry response (generally until 6 p.m., New York time, on days on which the New York Stock Exchange is open), including the ability to receive redirected toll-free calls from the Distributor on an as-needed basis; (x) On a monthly basis, mail duplicate statements to: (1) broker-dealers of their clients' activity, whether executed through the broker-dealer or directly with PFPC, and (2) other parties (e.g., lawyers and accountants) as requested by the shareholders;