Common use of Recordkeeping Services Clause in Contracts

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.