Common use of RETENTION OF ULTIMUS Clause in Contracts

RETENTION OF ULTIMUS. The Trust hereby retains Ultimus to provide the Trust with the services as set forth below. Ultimus hereby accepts such retention to perform such duties. (a) Ultimus will provide an individual with the requisite background and familiarity with the Federal Securities Laws (as defined in Rule 38a-l) to serve as the Chief Compliance Officer ("CCO") and to administer the Trust's policies and procedures adopted pursuant to Rule 38a-l. (b) Ultimus will assist in the preparation and implementation of written policies and procedures reasonably designed to prevent violation of the Federal Securities Laws by the Trust, including policies and procedures that provide for the oversight of compliance by each investment adviser, principal underwriter, administrator, and transfer agent of the Trust. (c) The CCO shall provide at least annually, or more often as the Board of Trustees of the Trust reasonably requests, a written report to the Board that addresses, at a minimum: 1. The operation of the policies and procedures of the Trust and each investment adviser, principal underwriter, administrator, and transfer agent of the Trust, and any material changes made to those policies and procedures since the date of the last report; and 2. Each Material Compliance Matter (as defined in Rule 38a-l) that occurred since the date of the last report. (d) The CCO shall, no less frequently than annually, meet separately with the Trust's Independent Trustees. (e) Ultimus shall maintain the following books and records on behalf of the Trust: 1. A copy of the Trust's Compliance Policies and Procedures adopted by the Trust pursuant to Rule 38a-l that are in effect, or at any time within the past five years were in effect, in an easily accessible place; 2. Copies of materials provided to the Board of Trustees in connection with their approval under Rule 38a-l, and written reports provided to the Board of Trustees pursuant to paragraph Rule 38a-l for at least five years after the end of the fiscal year in which the documents were provided, the first two years in an easily accessible place; and 3. Any records documenting the Trust's annual review pursuant to Rule 38a-l for at least five years after the end of the fiscal year in which the annual review was conducted, the first two years in an easily accessible place.

RETENTION OF ULTIMUS. The Trust hereby retains Ultimus to provide the Trust with the services as set forth below. Ultimus Xxxxxxx hereby accepts such retention to perform such duties. (a) Ultimus Xxxxxxx will provide an individual with the requisite background and familiarity with the Federal Securities Laws (as defined in Rule 38a-l) to serve as the Trust’s Chief Compliance Officer ("“CCO"”) and to administer the Trust's ’s policies and procedures adopted pursuant to Rule 38a-l. (b) Ultimus Xxxxxxx will assist in the preparation and implementation of written policies and procedures reasonably designed to prevent violation of the Federal Securities Laws by the Trust, including policies and procedures that provide for the oversight of compliance by each investment adviser, principal underwriter, administrator, and transfer agent of the Trust. (c) The CCO shall provide at least no less frequently than annually, or more often as the Board of Trustees of the Trust reasonably requests, a written report to the Board that addresses, at a minimum: 1. The operation of the policies and procedures of the Trust and each investment adviser, principal underwriter, administrator, and transfer agent of the Trust, and any material changes made to those policies and procedures since the date of the last report; and 2. Each Material Compliance Matter (as defined in Rule 38a-l) that occurred since the date of the last report. (d) The CCO shall, no less frequently than annually, meet separately with the Trustees of the Trust who are not “interested persons,” as defined by the 1940 Act, of the Trust's Independent Trustees. (e) Ultimus Xxxxxxx shall maintain the following books and records on behalf of the Trust: 1. A copy of the Trust's ’s Compliance Policies and Procedures adopted by the Trust pursuant to Rule 38a-l 38a-1 that are in effect, or at any time within the past five years were in effect, in an easily accessible place; 2. Copies of materials provided to the Board of Trustees in connection with their approval under Rule 38a-l, and written reports provided to the Board of Trustees pursuant to paragraph Rule 38a-l for at least five years after the end of the fiscal year in which the documents were provided, the first two years in an easily accessible place; and 3. Any records documenting the Trust's ’s annual review pursuant to Rule 38a-l for at least five years after the end of the fiscal year in which the annual review was conducted, the first two years in an easily accessible place.

RETENTION OF ULTIMUS. The Trust hereby retains Ultimus to provide the Trust with the services as set forth below. Ultimus hereby accepts such retention to perform such duties. (a) Ultimus will provide an individual with the requisite background and familiarity with the Federal Securities Laws (as defined in Rule 38a-l38a-1) to serve as the Chief Compliance Officer ("“CCO"”) and to administer the Trust's ’s policies and procedures adopted pursuant to Rule 38a-l.38a-1. (b) Ultimus will assist in the preparation and implementation of written policies and procedures reasonably designed to prevent violation of the Federal Securities Laws by the Trust, including policies and procedures that provide for the oversight of compliance by each investment adviser, principal underwriter, administrator, and transfer agent of the Trust. (c) The CCO shall provide at least annually, or more often as the Board of Trustees of the Trust reasonably requests, a written report to the Board that addresses, at a minimum: 1. The operation of the policies and procedures of the Trust and each investment adviser, principal underwriter, administrator, and transfer agent of the Trust, and any material changes made to those policies and procedures since the date of the last report; and 2. Each Material Compliance Matter (as defined in Rule 38a-l38a-1) that occurred since the date of the last report. (d) The CCO shall, no less frequently than annually, meet separately with the Trust's ’s Independent Trustees, and shall make himself or herself available to participate telephonically in the Trust’s quarterly meetings, and shall provide a written summary of compliance matters for the relevant quarterly period. (e) Ultimus shall maintain the following books and records on behalf of the Trust: 1. A copy of the Trust's ’s Compliance Policies and Procedures adopted by the Trust pursuant to Rule 38a-l 38a-1 that are in effect, or at any time within the past five years were in effect, in an easily accessible place; 2. Copies of materials provided to the Board of Trustees in connection with their approval under Rule 38a-l38a-1, and written reports provided to the Board of Trustees pursuant to paragraph Rule 38a-l 38a-1 for at least five years after the end of the fiscal year in which the documents were provided, the first two years in an easily accessible place; and 3. Any records documenting the Trust's annual review pursuant to Rule 38a-l 38a-1 for at least five years after the end of the fiscal year in which the annual review was conducted, the first two years in an easily accessible place.

RETENTION OF ULTIMUS. The Trust hereby retains Ultimus to provide the Trust with the services as set forth below. Ultimus hereby accepts such retention to perform such duties. (a) Ultimus will provide an individual with the requisite background and familiarity with the Federal Securities Laws (as defined in Rule 38a-l38a-1) to serve as the Chief Compliance Officer ("CCO") and to administer the Trust's policies and procedures adopted pursuant to Rule 38a-l.38a-1. (b) Ultimus will assist in the preparation and implementation of written policies and procedures reasonably designed to prevent violation of the Federal Securities Laws by the Trust, including policies and procedures that provide for the oversight of compliance by each investment adviser, principal underwriter, administrator, and transfer agent of the Trust. (c) The CCO shall provide at least annually, or more often as the Board of Trustees of the Trust reasonably requests, a written report to the Board that addresses, at a minimum: 1. The operation of the policies and procedures of the Trust and each investment adviser, principal underwriter, administrator, and transfer agent of the Trust, and any material changes made to those policies and procedures since the date of the last report; and 2. Each Material Compliance Matter (as defined in Rule 38a-l38a-1) that occurred since the date of the last report. (d) The CCO shall, no less frequently than annually, meet separately with the Trust's Independent Trustees. (e) Ultimus shall maintain the following books and records on behalf of the Trust: 1. A copy of the Trust's Compliance Policies and Procedures adopted by the Trust pursuant to Rule 38a-l 38a-1 that are in effect, or at any time within the past five years were in effect, in an easily accessible place; 2. Copies of materials provided to the Board of Trustees in connection with their approval under Rule 38a-l38a-1, and written reports provided to the Board of Trustees pursuant to paragraph Rule 38a-l 38a-1 for at least five years after the end of the fiscal year in which the documents were provided, the first two years in an easily accessible place; and 3. Any records documenting the Trust's annual review pursuant to Rule 38a-l 38a-1 for at least five years after the end of the fiscal year in which the annual review was conducted, the first two years in an easily accessible place.

RETENTION OF ULTIMUS. The Trust hereby retains Ultimus to provide the Trust with the services as set forth below. Ultimus hereby accepts such retention to perform such duties. (a) Ultimus will provide an individual with the requisite background and familiarity with the Federal Securities Laws (as defined in Rule 38a-l38a-1) to serve as the Trust’s Chief Compliance Officer ("CCO") and to administer the Trust's policies and procedures adopted pursuant to Rule 38a-l.38a-1. (b) Ultimus will assist in the preparation and implementation of written policies and procedures reasonably designed to prevent violation of the Federal Securities Laws by the Trust, including policies and procedures that provide for the oversight of compliance by each investment adviser, principal underwriter, administrator, and transfer agent of the Trust. (c) The CCO shall provide at least no less frequently than annually, or more often as the Board of Trustees of the Trust reasonably requests, a written report to the Board that addresses, at a minimum: 1. The operation of the policies and procedures of the Trust and each investment adviser, principal underwriter, administrator, and transfer agent of the Trust, and any material changes made to those policies and procedures since the date of the last report; and 2. Each Material Compliance Matter (as defined in Rule 38a-l38a-1) that occurred since the date of the last report. (d) The CCO shall, no less frequently than annually, meet separately with the Trustees of the Trust who are not “interested persons,” as defined by the 1940 Act, of the Trust's Independent Trustees. (e) Ultimus shall maintain the following books and records on behalf of the Trust: 1. A copy of the Trust's Compliance Policies and Procedures adopted by the Trust pursuant to Rule 38a-l 38a-1 that are in effect, or at any time within the past five years were in effect, in an easily accessible place; 2. Copies of materials provided to the Board of Trustees in connection with their approval under Rule 38a-l38a-1, and written reports provided to the Board of Trustees pursuant to paragraph Rule 38a-l 38a-1 for at least five years after the end of the fiscal year in which the documents were provided, the first two years in an easily accessible place; and 3. Any records documenting the Trust's annual review pursuant to Rule 38a-l for at least five years after the end of the fiscal year in which the annual review was conducted, the first two years in an easily accessible place.

RETENTION OF ULTIMUS. The Trust hereby retains Ultimus to provide the Trust with the services as set forth below. Ultimus hereby accepts such retention to perform such duties. (a) Ultimus will provide an individual with the requisite background and familiarity with the Federal Securities Laws (as defined in Rule 38a-l38a-1) to serve as the Chief Compliance Officer ("CCO") and to administer the Trust's policies and procedures adopted pursuant to Rule 38a-l.38a-1. (b) Ultimus will assist in the preparation and implementation of written policies and procedures reasonably designed to prevent violation of the Federal Securities Laws by the Trust, including policies and procedures that provide for the oversight of compliance by each investment adviser, principal underwriter, administrator, and transfer agent of the Trust. (c) The CCO shall provide at least provide, no less frequently than annually, or more often as the Board of Trustees of the Trust reasonably requests, a written report to the Board that addresses, at a minimum: 1. The operation of the policies and procedures of the Trust and each investment adviser, principal underwriter, administrator, and transfer agent of the Trust, and any material changes made to those policies and procedures since the date of the last report; and 2. Each Material Compliance Matter (as defined in Rule 38a-l38a-1) that occurred since the date of the last report. (d) The CCO shall, no less frequently than annually, meet separately with the Trust's Independent Trustees. (e) Ultimus shall maintain the following books and records on behalf of the Trust: 1. A copy of the Trust's Compliance Policies and Procedures adopted by the Trust pursuant to Rule 38a-l 38a-1 that are in effect, or at any time within the past five years were in effect, in an easily accessible place; 2. Copies of materials provided to the Board of Trustees in connection with their approval under Rule 38a-l38a-1, and written reports provided to the Board of Trustees pursuant to paragraph Rule 38a-l 38a-1 for at least five years after the end of the fiscal year in which the documents were provided, the first two years in an easily accessible place; and 3. Any records documenting the Trust's annual review pursuant to Rule 38a-l for at least five years after the end of the fiscal year in which the annual review was conducted, the first two years in an easily accessible place.