Performance Assurance Functions Sample Clauses

Performance Assurance Functions. The functions of the PAAP are to: 20.2.1 give effect to the objects and terms of this Agreement; 20.2.2 receive information about the failure by any Market Participant to perform its obligations under this Agreement; 20.2.3 agree with the defaulting Party the remedial action to be undertaken, or require the Party to take certain remedial action; 20.2.4 consider and respond to applications for derogations in terms of Clause 93 (Derogations); 20.2.5 acting as the Accreditation Authority withdraw the Accreditation and/or Certification of any Market Participant if appropriate; 20.2.6 declare an Event of Default where it has power to do so in terms of Clauses 89 (Proceedings of PAAP) and 127 (Default by Parties other than Scottish Settlements), and in its discretion request Scottish Settlements to give notice to the Party to cease to be a Party to this Agreement in accordance with Clause 127; 20.2.7 report to Scottish Settlements, the Market Auditor and the Director on the activities of the PAAP; 20.2.8 submit Modification Proposals or Review Proposals where the PAAP resolves that these are appropriate, including modification to the performance assurance arrangements; 20.2.9 carry out or procure the carrying out of its supervisory functions in relation to Metering as set out in Schedule 5 (Metering) to this Agreement, in consultation with the FAP from time to time in relation to audit implications. Provided that the PAAP shall consult the FAP at least once in every Relevant Year; 20.2.10 process and consider applications for Derogations under this Agreement and the Master Registration Agreement in terms of Clause 93 (Derogations); and 20.2.11 establish transitional and other arrangements for Liquidated Damages in accordance with Schedule 8 (Liquidated Damages and Performance Levels). 20.3 Accreditation Authority Functions: The PAAP shall act as, and perform the functions of, the Accreditation Authority. The functions of the Accreditation Authority shall be as set out in Clauses 94 (The Accreditation Authority) to 99 (Limitation of Liability of the Accreditation Authority) of this Part IX and Schedule 18 (Market Procedure for Accreditation and Certification) and shall include such power and authorities as may be necessary or incidental to the performance of such functions. 20.4
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Related to Performance Assurance Functions

  • Money Market Fund Compliance Testing and Reporting Services Subject to the authorization and direction of the Trust and, in each case where appropriate, the review and comment by the Trust’s independent accountants and legal counsel, and in accordance with procedures that may be established from time to time between the Trust and the Administrator, the Administrator will:

  • Performance Reporting For Performance Reporting (including After-Tax Performance Reporting), Ultimus charges each Portfolio a fee of $200 per month.

  • CUSTOMER SERVICE FUNCTIONS The Servicer shall handle all Customer inquiries and other Customer service matters according to the same procedures it uses to service Customers with respect to its own charges.

  • Performance and Compliance Purchaser shall have performed all of the covenants and complied, in all material respects, with all the provisions required by this Agreement to be performed or complied with by it on or before the Closing.

  • Services and Compensation Consultant agrees to perform for the Company the services described in Exhibit A (the “Services”), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Performance of Daily Accounting Services In addition to the maintenance of the books and records specified above, Ultimus shall perform the following accounting services daily for each Portfolio:

  • Committee Administration This option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.

  • Compliance Control Services (1) Support reporting to regulatory bodies and support financial statement preparation by making the Fund's accounting records available to the Trust, the Securities and Exchange Commission (the “SEC”), and the independent accountants.

  • FINANCIAL REPORTING; MONEY MARKET FUND SERVICES BNY Mellon shall provide the following financial reporting services for each Fund: § Financial Statement Preparation & Review · Prepare the Fund’s annual and semi-annual shareholder reports1 1 Requires “Typesetting Services” as described herein. for shareholder delivery and for inclusion in Form N-CSR; · Prepare the Fund’s fiscal quarterly schedule of portfolio holdings1 for inclusion in Form N-Q; · Prepare, circulate and maintain the Fund’s financial reporting production calendar and track status of reporting cycles; · Coordinate N-SAR surveys; prepare and file (or coordinate the filing of) the Fund’s Form N-SAR; and · Prepare and coordinate the filing of the Fund’s monthly website files and Form N-MFP, as applicable to money market funds. § Typesetting Services · Create financial compositions for the applicable financial report and related EDGAR files; · Maintain country codes, industry class codes, security class codes and state codes; · Map individual general ledger accounts into master accounts to be displayed in the applicable financial reports; · Create components that will specify the proper grouping and sorting for display of portfolio information; · Create components that will specify the proper calculation and display of financial data required for each applicable financial report (except for identified manual entries, which BNY Mellon will enter); · Process, convert and load security and general ledger data; · Include data in financial reports provided from external parties to BNY Mellon which includes, but is not limited to: shareholder letters, “Management Discussion and Analysis” commentary, notes on performance, form of notes to financials, report of independent auditors, Fund management listing, service providers listing and Fund spectrums; · Generate financial reports using the Vendor’s capabilities which include the following: o table of contents; o schedules of investments; o statement of net assets; o statements of assets and liabilities; o statements of operation; o statements of changes; o statements of cash flows; o financial highlights; o notes to financial statements; o report of independent registered public accounting firm; o tax information; and o additional Fund information as mutually agreed in writing between BNY Mellon and a Fund. · Unless mutually agreed in writing between BNY Mellon and a Fund, solely with respect to typesetting services, BNY Mellon will use the same layout and format for every successive reporting period for the typeset reports. At the request of a Fund and upon the mutual written agreement of BNY Mellon and the Fund as to the scope of any changes and additional compensation of BNY Mellon, BNY Mellon will, or will cause the Vendor to, change the format or layout of reports from time to time.

  • Nondiscretionary Functions The Custodian shall attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer or other dealings with securities or other assets of each Portfolio held by the Custodian, except as otherwise directed from time to time pursuant to Proper Instructions.

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