Portfolio Compliance Services Sample Clauses

Portfolio Compliance Services. (a) If Schedule I contains a requirement for BNY Mellon to provide the Trust with portfolio compliance services, such services shall be provided pursuant to the terms of this Section 7 (the “Portfolio Compliance Services”). The precise compliance review and testing services to be provided shall be as mutually agreed between BNY Mellon and the Trust, and the results of BNY Mellon’s Portfolio Compliance Services shall be detailed in a portfolio compliance summary report (the “Compliance Summary Report”) prepared on a periodic basis as mutually agreed. Each Compliance Summary Report shall be subject to review and approval by the Trust. BNY Mellon shall have no responsibility or obligation to provide Portfolio Compliance Services other that those services specifically listed in Schedule I. (b) The Trust will examine each Compliance Summary Report delivered to it by BNY Mellon and notify BNY Mellon of any error, omission or discrepancy within ten (l0) days of its receipt. The Trust acknowledges that unless it notifies BNY Mellon of any error, omission or discrepancy within 10 days, such Compliance Summary Report shall be deemed final and shall not be reissued. If the Trust learns of any out-of-compliance condition before receiving a Compliance Summary Report reflecting such condition, the Trust will notify BNY Mellon of such condition within one (1) business day after discovery thereof. (c) While BNY Mellon will endeavor to identify out-of-compliance conditions, BNY Mellon does not and could not for the fees charged, make any guarantees, representations or warranties with respect to its ability to identify all such conditions. In the event of any errors or omissions in the performance of Portfolio Compliance Services not attributable to BNY Mellon’s negligence or willful misconduct, the Trust’s sole and exclusive remedy and BNY Mellon’s sole liability shall be limited to re-performance by BNY Mellon of the Portfolio Compliance Services affected and in connection therewith the correction of any error or omission, if practicable and the preparation of a corrected report, at no cost to the Trust.

Portfolio Compliance Services. (a) BNY Mellon shall provide each Fund with the portfolio compliance services referred to on Schedule I, such services to be provided pursuant to the terms of this Section 7 (the “Portfolio Compliance Services”). The precise compliance review and testing services to be provided shall be as directed by the Investment Adviser and as mutually agreed between BNY Mellon and the Investment Adviser, and the results of BNY Mellon’s Portfolio Compliance Services shall be detailed in a portfolio compliance summary report (the “Compliance Summary Report”) prepared on a periodic basis as mutually agreed. Each Compliance Summary Report shall be subject to review and approval by the Investment Adviser. BNY Mellon shall have no responsibility or obligation to provide Portfolio Compliance Services other that those services specifically listed in Schedule I. (b) The Investment Adviser will examine each Compliance Summary Report delivered to it by BNY Mellon and notify BNY Mellon of any error, omission or discrepancy within twenty (20) days of its receipt.

Portfolio Compliance Services o In accordance with Instructions received from a Fund, and subject to portfolio limitations, restrictions and concentrations as provided by such Fund to BNY Mellon in writing from time to time, monitor (and report daily in a format agreed upon in writing by the Fund and BNY Mellon) such Fund's compliance, on a post-trade basis, with such portfolio limitations, restrictions and concentrations provided that BNY Mellon maintains in the normal course of its business all data necessary to measure the Fund's compliance; such monitoring shall include portfolio compliance with respect to: § Fundamental and non-fundamental investment policies based on the Fund's registration statement requirements; § Regulated Investment Company ("RIC") IRC requirements; § Generic 1933 Act, 1934 Act and 1940 Act requirements; § Requirements derived from SEC Staff Guidance; and, § Internal risk management limitations.

Portfolio Compliance Services. BNY Mellon shall provide the following portfolio compliance services for each Fund: ▪ In accordance with Instructions received from a Fund, and subject to portfolio limitations as provided by such Fund to BNY Mellon in writing from time to time, monitor such Fund’s compliance, on a post-trade basis, with such portfolio limitations, provided that BNY Mellon maintains in the normal course of its business all data necessary to measure the Fund’s compliance. A/75456395.2

Portfolio Compliance Services. If Schedule A includes portfolio compliance services relating to (i) the investment objective and certain policies and restrictions as disclosed in the Prospectus, as applicable, and (ii) certain SEC rules and regulations (collectively, the “Portfolio Compliance”), such services shall be provided pursuant to the terms and conditions of the Agreement and the following additional terms and conditions (the “Portfolio Compliance Services”):

Portfolio Compliance Services. BNY Mellon shall provide the Fund with portfolio compliance services pursuant to the terms of this Schedule 2 (the “Portfolio Compliance Services”). The precise compliance review and testing services to be provided shall be as directed by the Fund and as mutually agreed between BNY Mellon and the Fund, and the results of BNY Mellon’s Portfolio Compliance Services shall be detailed in a portfolio compliance reporting (the “Compliance Reporting”) prepared on a periodic basis as mutually agreed. Compliance Reporting shall be subject to review and approval by the Fund. BNY Mellon shall have no responsibility or obligation to provide Portfolio Compliance Services other that those services specifically listed in Section 5 of the Agreement.

Portfolio Compliance Services. The Administrator provides monitoring and reporting of a Fund’s compliance with SEC and IRS regulations, as well as the policies and investment limitations as set forth in its offering documents. For these services, each Fund will be invoiced at a rate of $625 per month.

Portfolio Compliance Services a. Monitor the Fund(s) holdings and operations for post-trade compliance with the Prospectus and Statement of Additional Information, SEC statutes, rules, regulations and policies and pursuant to advice from the Fund’s independent public accountants and Trust counsel; b. Monitor the Fund(s) holdings for compliance with IRS taxation limitations and restrictions;

Portfolio Compliance Services. If the Trust requires for the Administrator to provide the Fund(s) with portfolio compliance services, such services shall be provided pursuant to the terms of this Section 7 (the “Portfolio Compliance Services”). The precise compliance review and testing services to be provided shall be as directed by each Fund and as mutually agreed between Administrator and such Fund, and the results of Administrator’s Portfolio Compliance Services shall be detailed in a portfolio compliance summary report (the “Compliance Summary Report”) prepared on a periodic basis as mutually agreed. Each Compliance Summary Report shall be subject to review and approval by a Fund. A Fund will examine each Compliance Summary Report delivered to it by Administrator and notify Administrator of any error, omission or discrepancy within ten (10) days of its receipt. The Fund(s) agrees to notify Administrator promptly in writing if it fails to receive any such Compliance Summary Report. The Fund(s) further acknowledges that unless it notifies Administrator of any error, omission or discrepancy within 10 days, such Compliance Summary Report shall be deemed final and shall not be reissued. In addition, if the Fund(s) learns of any out-of-compliance condition before receiving a Compliance Summary Report reflecting such condition, the Fund(s) will notify Administrator of such condition within one (1) business day after discovery thereof. While Administrator will endeavor to identify out-of-compliance conditions, Administrator does not and could not for the fees charged, make any guarantees, representations, or warranties with respect to its ability to identify all such conditions. In the event of any errors or omissions in the performance of Portfolio Compliance Services, the Fund’s sole and exclusive remedy and Administrator’s sole liability shall be limited to re-performance by Administrator of the Portfolio Compliance Services affected and in connection therewith the correction of any error or omission, if practicable and the preparation of a corrected report, at no cost to the Fund(s).

Portfolio Compliance Services. (a) If Schedule I contains a requirement for BNY Mellon to provide the Funds with portfolio compliance services, such services shall be provided pursuant to the terms of this Section 8 (the “Portfolio Compliance Services”). The precise compliance review and testing services to be provided shall be as mutually agreed between BNY Mellon and FT Services, and the results of BNY Mellon’s Portfolio Compliance Services shall be detailed in a portfolio compliance summary report (the “Compliance Summary Report”) prepared on a periodic basis as mutually agreed. Each Compliance Summary Report shall be subject to review and approval by FT Services and the Trust. BNY Mellon shall have no responsibility or obligation to provide Portfolio Compliance Services other that those services specifically listed in Schedule I. (b) FT Services will examine each Compliance Summary Report delivered to it by BNY Mellon and notify BNY Mellon of any error, omission or discrepancy within ten (10) days of its receipt. In addition, if FT Services learns of any out-of-compliance condition before receiving a Compliance Summary Report reflecting such condition, FT Services will notify BNY Mellon of such condition within five (5) business days after discovery thereof.