Common use of Record Retention and Audits Clause in Contracts

Record Retention and Audits. You shall retain all records required to be kept by state and federal law relating to your actions pursuant to this Agreement and, upon the Distributor’s request, you will make such records available to the Funds. The Distributor and/or the Funds each reserves the right to conduct an audit of you and your affiliates to monitor compliance with the terms of the Agreement and the Fund(s’) policies on the acceptance of orders for purchase or redemption and Market Timing. Such audit(s) may be conducted by the Distributor and/or the Funds or an agent of either upon reasonable notice. This provision shall survive the termination of the Agreement with respect to transactions occurring before such termination.