Common use of Portfolio Compliance Clause in Contracts

Portfolio Compliance. A. Assist with monitoring each Investment Fund's compliance with investment restrictions (e.g., issuer or industry diversification, etc.) listed in the current prospectus(es) and Statement(s) of Additional Information, although primary responsibility for such compliance shall remain with the Fund's investment adviser or investment manager. B. Assist with monitoring each Investment Fund's compliance with the requirements of Section 851 of the Code for qualification as a RIC (i.e., 90% Income, 30% Income - Short Three, Diversification Tests), although primary responsibility for such compliance shall remain with the Fund's investment adviser or investment manager. C. Assist with monitoring investment manager's compliance with Board directives such as "Approved Issuers Listings for Repurchase Agreements", Rule 17a-7, and Rule 12d-3 procedures, although primary responsibility for such compliance shall remain with the Fund's investment adviser or investment manager. D. Mail quarterly requests for "Securities Transaction Reports" to the Fund's Trustees and Officers and "access persons" under the terms of the Fund's Code of Ethics and SEC regulations.

Portfolio Compliance. A. Assist with monitoring each Investment Fund's compliance with investment restrictions (e.g., issuer or industry diversification, etc.) listed in the current prospectus(es) and Statement(s) of Additional Information, although primary responsibility for such compliance shall remain with the Fund's investment adviser or investment manager. B. Assist with monitoring each Investment Fund's compliance with the requirements of Section 851 of the Code for qualification as a RIC (i.e., 90% Income, 30% Income - Short Three, Diversification Tests), although primary responsibility for such compliance shall remain with the Fund's investment adviser or investment manager. C. Assist with monitoring investment manager's compliance with Board directives such as "Approved Issuers Listings for Repurchase Agreements", Rule 17a-7, and Rule 12d-3 procedures, although primary responsibility for such compliance shall remain with the Fund's investment adviser or investment manager. D. Mail quarterly requests for "Securities Transaction Reports" to the Fund's Trustees Directors [Trustees] and Officers and "access persons" under the terms of the Fund's Code of Ethics and SEC regulations.