Common use of Nondiscretionary Details and Minor Expenses Clause in Contracts

Nondiscretionary Details and Minor Expenses. The Custodian shall attend to all nondiscretionary details in connection with the sale or purchase or other administration of Investments, except as otherwise directed by Instruction, and may make payments to itself or others for minor expenses of administering Investments under this Agreement. The Custodian shall disclose to the Fund (which may be by electronic means, including via email or access to the BBH&Co. Portal) any such payment and the Fund shall have the right to request an accounting with respect to such expenses.

Appears in 4 contracts

Samples: Custodian Agreement (James Alpha Funds Trust), Funds Transfer Services Agreement (Northern Lights Fund Trust Ii), Custodian and Transfer Agent Agreement (Uncommon Investment Funds Trust)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!