Common use of Limitation of Delegation Clause in Contracts

Limitation of Delegation. The Fund acknowledges and agrees that in accepting the delegation hereunder, the Distributor is agreeing to perform only those aspects of the Fund’s AML Program relating to the implementation and operation of customer accounts as specified in Section 1 above that have been expressly delegated hereby and is not undertaking and shall not be responsible for any other aspect of the Fund’s AML Program or for the overall compliance by the Fund with the USA Patriot Act.

Appears in 3 contracts

Samples: Distribution Agreement (Voya PARTNERS INC), Distribution Agreement (Voya PARTNERS INC), Distribution Agreement (Ing Partners Inc)

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Limitation of Delegation. The Fund acknowledges and agrees that in accepting the delegation hereunder, the Distributor IFA is agreeing to perform only those aspects of the Fund’s 's AML Program relating to the implementation and operation of customer accounts as specified in Section 1 above that have been expressly delegated hereby and is not undertaking and shall not be responsible for any other aspect of the Fund’s 's AML Program or for the overall compliance by the Fund with the USA Patriot Act.

Appears in 2 contracts

Samples: Underwriting Agreement (Ing Partners Inc), Underwriting Agreement (Ing Partners Inc)

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