Reimbursement of GFS’s Expenses. If this Agreement is terminated with respect to a Trust, other than due to a termination by the Trust due to a breach by GFS, GFS shall be entitled to collect from such Trust: (i) the fees and expenses described in Section 3 of this Agreement and (ii) an amount, not to exceed $20,000, sufficient to reimburse GFS for all of GFS’s reasonable labor charges and cash disbursements for services rendered in connection with GFS’s activities in effecting such termination, including, without limitation, the labor costs and expenses associated with the de‐conversion of the Trust’s records from GFS’s computer systems, and the delivery to the Trust or its designees of the Trust’s property, records, instruments and documents, or any copies thereof. Upon payment of such amounts, if applicable, and if not applicable, upon termination of this Agreement, GFS shall turn over all books and records of the Trust that are created and maintained under the provisions of Section 3(e) hereof.
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Samples: Fund Services Agreement (SCM Trust), Fund Services Agreement (Shelton Funds), Fund Services Agreement (Shelton Greater China Fund)
Reimbursement of GFS’s Expenses. If this Agreement is terminated with respect to a Trust, other than due to a termination by the Trust due to a breach by GFS, GFS shall be entitled to collect from such Trust: (i) the fees and expenses described in Section 3 of this Agreement and (ii) an amount, not to exceed $20,000, sufficient to reimburse GFS for all of GFS’s 's reasonable labor charges and cash disbursements for services rendered in connection with GFS’s 's activities in effecting such termination, including, without limitation, the labor costs and expenses associated with the de‐conversion de-conversion of the Trust’s 's records from GFS’s 's computer systems, and the delivery to the Trust or its designees of the Trust’s property, records, instruments Instruments and documents, or any copies thereof. Upon payment of such amounts, if applicable, and if not applicable, upon termination of this Agreement, GFS shall turn over all books and records of the Trust that are created and maintained under the provisions of Section 3(e) hereof.
Appears in 1 contract
Samples: Fund Services Agreement (SCM Trust)
Reimbursement of GFS’s Expenses. If this Agreement is terminated with respect to a Trust, other than due to a termination by the Trust due to a breach by GFS, GFS shall be entitled to collect from such Trust: (i) the fees and expenses described in Section 3 of this Agreement and (ii) an amount, not to exceed $20,000, sufficient to reimburse GFS for all of GFS’s reasonable labor charges and cash disbursements for services rendered in connection with GFS’s activities in effecting such termination, including, without limitation, the labor costs and expenses associated with the de‐conversion de-conversion of the Trust’s records from GFS’s computer systems, and the delivery to the Trust or its designees of the Trust’s property, records, instruments and documents, or any copies thereof. Upon payment of such amounts, if applicable, and if not applicable, upon termination of this Agreement, GFS shall turn over all books and records of the Trust that are created and maintained under the provisions of Section 3(e) hereof.
Appears in 1 contract
Reimbursement of GFS’s Expenses. If this Agreement is terminated with respect to a Trust, other than due to a termination by the Trust due to a breach by GFS, GFS shall be entitled to collect from such Trust: (i) the fees and expenses described in Section 3 of this Agreement and (ii) an amount, not to exceed $20,000, sufficient to reimburse GFS for all of GFS’s reasonable labor charges and cash disbursements for services rendered in connection with GFS’s activities in effecting such termination, including, without limitation, the labor costs and expenses associated with the de‐conversion de‐ conversion of the Trust’s records from GFS’s computer systems, and the delivery to the Trust or its designees of the Trust’s property, records, instruments and documents, or any copies thereof. Upon payment of such amounts, if applicable, and if not applicable, upon termination of this Agreement, GFS shall turn over all books and records of the Trust that are created and maintained under the provisions of Section 3(e) hereof.
Appears in 1 contract
Samples: Fund Services Agreement (SCM Trust)
Reimbursement of GFS’s Expenses. If this Agreement is terminated with respect to a Trust, other than due to a termination by the Trust due to a breach by GFS, GFS shall be entitled to collect from such Trust: (i) the fees and expenses described in Section 3 of this Agreement and (ii) an amount, not to exceed $20,000, sufficient to reimburse GFS for all of GFS’s reasonable labor charges and cash disbursements for services rendered in connection with GFS’s activities in effecting such termination, including, without limitation, the labor costs and expenses associated with the de‐conversion de- conversion of the Trust’s records from GFS’s computer systems, and the delivery to the Trust or its designees of the Trust’s property, records, instruments and documents, or any copies thereof. Upon payment of such amounts, if applicable, and if not applicable, upon termination of this Agreement, GFS shall turn over all books and records of the Trust that are created and maintained under the provisions of Section 3(e) hereof.
Appears in 1 contract
Samples: Fund Services Agreement (SCM Trust)