Liquidity Risk Management Program. All fees and expenses related to the Funds maintaining a liquidity risk management program in compliance with Rule 22e-4 under the 1940 Act including compensating third-party service providers for providing liquidity analysis and classification of portfolio securities and other information necessary to operate the liquidity risk management program; and
Liquidity Risk Management Program. (1) Provide oversight of the Liquidity Risk Management Program of the Xxxx Xxxxxxx Group of Funds to ensure that processes are operating effectively and appropriately to manage liquidity risk;
Liquidity Risk Management Program. Service Provider will maintain the fund’s Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the 1940 Act. In connection with the foregoing, Service Provider shall provide the following services: Implementation Phase. ● Help develop and implement the Trust’s written LRMP. Ongoing Services (as applicable). ● Provide daily monitoring under the LRMP and provide a LRMP Administrator ● Prepare monthly and quarterly reporting and the annual report to the Board, including collecting and incorporating any investment adviser prepared reports ● Provide data from the Fund’s books and records ● Monitor the Fund’s highly liquid investment minimum, if applicable, and each Fund’s level of illiquid investments (15% limit) ● Assist with arranging Board notifications. ● Assist in the preparation of Form N-LIQUID. ● Add adviser’s liquidity risk discussion to shareholder reports.
Liquidity Risk Management Program. (1) Within sixty (60) days, the Board shall revise and maintain a comprehensive liquidity risk management plan which assesses, on an ongoing basis, the Bank’s current and projected funding needs, and ensures that sufficient funds or access to funds exist to meet those needs. Such a plan must include effective methods to achieve and maintain sufficient liquidity and to measure and monitor liquidity risk, to include at a minimum:
Liquidity Risk Management Program. Ultimus will assist in the maintenance of a Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the 1940 Act. In connection with the foregoing, Ultimus shall provide the following services: Implementation Phase. · Help develop and implement the Trust’s written LRMP. · Perform an in-depth evaluation of the adequacy of the adviser’s written LRMP to ensure compatibility with the Trust’s LRMP. Ongoing Services (as applicable). · Assist with the preparation of periodic reporting and annual report to the Board, including collecting and incorporating investment adviser reports. · Provide data from the Fund’s books and records · Assist in monitoring the Fund’s highly liquid investment minimum, if applicable, and each Fund’s level of illiquid investments (15% limit). · Assist with arranging Board notifications. · Assist in the preparation of Form N-LIQUID. · Add adviser’s liquidity risk discussion to shareholder reports.
Liquidity Risk Management Program. Ultimus will provide assistance in the maintenance of a Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the Investment Company Act. The LRMP shall include the following services: Ongoing Services (as applicable). • Provide data from each Fund’s books and records. • Assist in monitoring each Fund’s highly liquid investment minimum, if applicable, and each Fund’s level of illiquid investments (15% limit). • Assist with arranging Board notifications. • Assist in the preparation of Form N-LIQUID. • Add adviser’s liquidity risk discussion to shareholder reports.
Liquidity Risk Management Program. 4. Within thirty (30) days, the Association shall submit to the Regional Director revisions to the Association’s liquidity risk management program, acceptable to the Regional Director, that enhance the Association’s continuous identification and monitoring of its current and projected funding needs and its access to sufficient funds to meet those needs. Such revisions to measure and monitor liquidity risk and to achieve and maintain sufficient liquidity shall include at a minimum:
Liquidity Risk Management Program. Ultimus will provide assistance in the adoption and maintenance of a Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the 1940 Act. The LRMP shall include the following services: Implementation Phase. ● Assist in the development and implementation of the Trust’s written LRMP. ● Perform an in-depth evaluation of the adequacy of the adviser’s written LRMP to ensure compatibility with the Trust’s LRMP. Ongoing Services (as applicable). ● Provide data from each Fund’s books and records ● Assist in monitoring each Fund’s highly liquid investment minimum, if applicable, and each Fund’s level of illiquid investments (15% limit). ● Assist with arranging Board notifications. ● Assist in the preparation of Form N-LIQUID. ● Add adviser’s liquidity risk discussion to shareholder reports.
Liquidity Risk Management Program. The Trust agrees to pay Xxxxxxx for providing assistance in connection with the Company’s adoption and maintenance of the Company’s Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4, (i) an annual fee, based on the schedule below, for providing assistance in connection with the maintenance of the Trust’s LRMP, and (ii) other related fees. Implementation Fee None Annual Fee None Other Related Fees Form N-RN preparation and related Board Notification $[REDACTED] per event Optional ICE Vantage Liquidity Indicator Module Out of Pocket Charges
Liquidity Risk Management Program. The Trust or the Fund agrees to pay Ultimus: (i) a one-time implementation fee (payable in six equal installments) of $[REDACTED] per investment adviser, commencing with the initial compliance date, for providing assistance in connection with the adoption of the Trust’s Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4; (ii) an annual fee, based on the schedule below, for providing assistance in connection with the maintenance of the Trust’s LRMP; and (iii) other related fees. Annual Fee Base Fee per investment adviser $[REDACTED] per year Other Related Fees Form N-LIQUID preparation and related Board Notification $[REDACTED] per event Optional ICE Vantage Liquidity Indicator Module Out of Pocket Charges Except as set forth is this Amendment, the Agreement is unaffected and shall continue in full force and effect in accordance with its terms. If there is a conflict between this Amendment and the Agreement, the terms of this Amendment will prevail. Signatures located on the next page. The Parties duly executed this Amendment as of March 14, 2019. Capitol Series Trust On behalf of the Canterbury Portfolio Thermostat Fund Ultimus Asset Services, LLC By its Sole Managing Member, Ultimus Fund Solutions, LLC By: /s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxx Xxxxx Name: Xxxxxxx X. Xxxxxx Name: Xxxx Xxxxx Title: President Title: Chief Financial Officer
