Pricing Review. At the request of the GE Fund Products, at a frequency no more than annual and not prior to the end of the second year of the Extension Term, PNC agrees to review the pricing for the services pursuant to this Agreement in comparison with PNC’s pricing for other unaffiliated 1940 Act funds to which PNC provides transfer agent services (hereinafter referred to as “Other Clients”). In connection with such pricing review, PNC shall determine the average fees applicable to service an account (the “Average Fees Per Account”) of its Other Clients. In the event that the Average Fees Per Account of the GE Fund Products is greater than the Average Fees Per Account of such Other Clients, PNC agrees to offer adjusted pricing to the GE Fund Products that would lower the GE Fund Products’ Average Fees Per Account to be in line with the pricing of such Other Clients. PNC shall offer any such adjusted pricing without unreasonable delay on a prospective basis to the GE Fund Products via an amendment in accordance with Section 21. No adjustment to pricing however shall be effective prior to January 1, 2013.”
Appears in 5 contracts
Samples: Transfer Agency Services Agreement (Elfun Money Market Fund), Transfer Agency Services Agreement (Elfun Diversified Fund), Transfer Agency Services Agreement (Ge Investment Funds Inc)
