Recordkeeping Services Clause Samples

Recordkeeping Services. (1) Chase shall keep records relating to the Standard Services to be performed hereunder, in such form and manner as it may deem advisable. To the extent required by Section 31 of the Investment Company Act of 1940, as amended, and the rules promulgated thereunder, Chase agrees that all such records prepared or maintained by Chase relating to the service to be performed by Chase hereunder are the property of the Fund and will be preserved for the periods prescribed under Rule 31a-2 of said rules and made available in accordance with such section and rules. Chase shall forthwith upon the Fund's demand surrender promptly to the Fund and cease to retain in its files those records and documents created and maintained by Chase pursuant to this Agreement. (2) Chase and the Fund agree that all books, records, information and data pertaining to the business of the other party which are exchanged or received pursuant to the negotiation or the carrying out of this Agreement shall remain confidential, and shall not be voluntarily disclosed to any other person, except as may be required by law. (3) In case of any requests or demands for the inspection of the Shareholder records of the Fund, Chase will endeavor to notify the Fund and to secure instructions from an authorized officer of the Fund as to such inspection. Chase reserves the right, however, to exhibit the Shareholder records to any person whenever it is advised by its counsel that it may be held liable for the failure to exhibit the Shareholder records to such person.

Recordkeeping Services. The Company shall provide, or cause to be provided, the following “Recordkeeping Services” for each Sub-Account (as defined below). All Recordkeeping Services will be effected in accordance with each Fund’s then current Prospectus:

Recordkeeping Services. ‘‘Record- keeping services’’ include services re- lated to plan administration and moni- toring of plan and participant and ben- eficiary transactions (e.g., enrollment, payroll deductions and contributions, offering designated investment alter- natives and other covered plan invest- ments, loans, withdrawals and distribu- tions); and the maintenance of covered plan and participant and beneficiary accounts, records, and statements.

Recordkeeping Services. Without regard to the disclosure of compensa- tion pursuant to paragraph (c)(1)(iv)(C),

Recordkeeping Services. State Street shall act as the recordkeeper and distribution agent in accordance with the provisions of the Partnership's Limited Partnership Agreement and in accordance with such written procedures as may be adopted by the Partnership from time to time. Subject to the Partnership's governing documents and to the direction of the Partnership, State Street as recordkeeper and distribution agent shall: (a) pursuant to the subscription orders accepted by the Partnership, establish accounts for each partner, showing its interests ("Interests" as defined in the Private Placement Memorandum) and hold such Interests in the appropriate account; (b) receive and process orders for the purchase of Partnership Interests and promptly deliver appropriate data (including payment instructions) with respect to accepted purchase orders to the Partnership or its authorized agent; (c) maintain a register of partners of the Partnership (the "Register") in accordance with applicable law and the Partnership's Limited Partnership Agreement; record the issuance and redemption of Interests and maintain a record of the total number of Interests of the Partnership; (d) prepare and transmit payments for distributions, if any, declared by the Partnership pursuant to the instructions contained in the partners' subscription agreements with the Partnership; and (e) subject to the Partnership's Limited Partnership Agreement and the Partnership's then current registration statement, effect transfers or redemptions of Partnership Interests by the registered owners thereof upon receipt of appropriate documentation in respect thereof from the General Partner as provided in the Partnership's Limited Partnership Agreement. State Street shall have no obligation, when recording the purchase of Interests, to monitor the purchase of such Interests or to take cognizance of any laws relating to the issue or sale of such Interests. Such obligations shall be the responsibility of the Partnership. State Street shall provide such additional recordkeeping services on behalf of the Partnership as may be agreed upon in writing by the Partnership and State Street from time to time.

Recordkeeping Services. Recordkeeping Agent shall provide, or cause to be provided, the following Recordkeeping Services:

Recordkeeping Services. With respect to any aspect of the Company Business involving Recordkeeping Services provided to or with respect to employee benefit plans by the Company and BCGS: (a) All such Recordkeeping Services are in material compliance with applicable Law and the terms of the applicable Material Contracts and all systems and procedures used in the delivery of such services are designed to comply with applicable Law and the terms of the applicable Material Contracts.

Recordkeeping Services. Recordkeeping and other administrative services to Plan participants shall be the responsibility of BPS and shall not be the responsibility of the Fund or the Transfer Agent. The Transfer Agent shall cause the orders for the purchase and redemption of Fund shares received by BPS on behalf of each Plan to be aggregated and reflected daily as a single, netted order for each class of shares of the Fund. The Fund and the Transfer Agent will recognize one omnibus account on the books of the Fund for each class of shares of the Fund and will not maintain separate accounts for Plans or Plan participants as Fund shareholders of record. Upon the request of the Fund or the Transfer Agent, BPS shall provide copies of all records relating to the Fund as may reasonably be requested to enable the Funds or their representatives to comply with any request of a governmental body or self-regulatory organization.

Recordkeeping Services. Without regard to the disclosure of compensation pursuant to paragraph (c)(1)(iv)(C), (F), or (G) of this section, if recordkeeping services will be pro- vided to the covered plan— (1) A description of all direct and indirect compensation that the covered service pro- vider, an affiliate, or a subcontractor reason- ably expects to receive in connection with such recordkeeping services; and (2) If the covered service provider reason- ably expects recordkeeping services to be provided, in whole or in part, without ex- plicit compensation for such recordkeeping services, or when compensation for record- keeping services is offset or rebated based on other compensation received by the covered service provider, an affiliate, or a subcon- tractor, a reasonable and good faith estimate of the cost to the covered plan of such rec- ordkeeping services, including an expla- nation of the methodology and assumptions used to prepare the estimate and a detailed explanation of the recordkeeping services that will be provided to the covered plan. The estimate shall take into account, as ap- plicable, the rates that the covered service provider, an affiliate, or a subcontractor would charge to, or be paid by, third parties, or the prevailing market rates charged, for similar recordkeeping services for a similar plan with a similar number of covered par- ticipants and beneficiaries.