Common use of RIGHTS OF OWNERSHIP; RETURN OF RECORDS Clause in Contracts

RIGHTS OF OWNERSHIP; RETURN OF RECORDS. All records and other data except computer programs and procedures developed to perform services required to be provided by Ultimus are the exclusive property of the Trust and all such records and data will be furnished to the Trust in appropriate form as soon as practicable after termination of this Agreement for any reason. Ultimus may at its option at any time, and shall promptly upon the Trust’s demand, turn over to the Trust and cease to retain files, records, and documents created and maintained by Ultimus pursuant to this Agreement which are no longer needed by Ultimus in the performance of its services or for its legal protection. If not so turned over to the Trust, (1) such documents and records will be copied and complete copies shall be delivered to the Trust by Ultimus as soon as reasonably practical, and (2) the original documents and records will be retained by Ultimus for six years from the year of creation. At the end of such six-year period, such records and documents will be turned over to the Trust unless it authorizes in writing the destruction of such records and documents.

Appears in 1 contract

Samples: Compliance Services Agreement (Dupree Mutual Funds)

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RIGHTS OF OWNERSHIP; RETURN OF RECORDS. All records and other data except computer programs and procedures developed to perform services required to be provided by Ultimus Xxxxxxx are the exclusive property of the Trust and all such records and data will be furnished to the Trust in appropriate form as soon as practicable after termination of this Agreement for any reason. Ultimus may at its option at any time, and shall promptly upon the Trust’s 's demand, turn over to the Trust and cease to retain Ultimus' files, records, records and documents created and maintained by Ultimus pursuant to this Agreement which are no longer needed by Ultimus Xxxxxxx in the performance of its services or for its legal protection. If not so turned over to the Trust, (1) such documents and records will be (1) copied and complete copies shall be delivered made available to the Trust by Ultimus Xxxxxxx as soon as reasonably practical, and (2) the original documents and records will be retained by Ultimus Xxxxxxx for six years from the year of creation. At the end of such six-year period, such records and documents will be turned over to the Trust unless it the Trust authorizes in writing the destruction of such records and documents.

Appears in 1 contract

Samples: Fund Accounting Agreement (Investment House Funds)

RIGHTS OF OWNERSHIP; RETURN OF RECORDS. All records and other data except computer programs and procedures developed to perform services required to be provided by Ultimus Xxxxxxx are the exclusive property of the Trust and all such records and data will be furnished to the Trust in appropriate form as soon as practicable after termination of this Agreement for any reason. Ultimus may at its option at any time, and shall promptly upon the Trust’s demand, turn over to the Trust and cease to retain Trust files, records, records and documents created and maintained by Ultimus pursuant to this Agreement which are no longer needed by Ultimus Xxxxxxx in the performance of its services or for its legal protection. If not so turned over to the Trust, (1) such documents and records will be copied and complete copies shall be delivered to the Trust by Ultimus Xxxxxxx as soon as reasonably practical, and (2) the original documents and records will be retained by Ultimus Xxxxxxx for six years from the year of creation. At the end of such six-year period, such records and documents will be turned over to the Trust unless it the Trust authorizes in writing the destruction of such records and documents.

Appears in 1 contract

Samples: Compliance Consulting Agreement (Williamsburg Investment Trust)

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RIGHTS OF OWNERSHIP; RETURN OF RECORDS. All records and other data except computer programs and procedures developed to perform services required to be provided by Ultimus Xxxxxxx are the exclusive property of the Trust and all such records and data will be furnished to the Trust in appropriate form as soon as practicable after termination of this Agreement for any reason. Ultimus may at its option at any time, and shall promptly upon the Trust’s 's demand, turn over turnover to the Trust and cease to retain Ultimus' files, records, records and documents created and maintained by Ultimus pursuant to this Agreement which are no longer needed by Ultimus Xxxxxxx in the performance of its services or for its legal protection. If not so turned over to the Trust, (1) such documents and records will be (1) copied and complete copies shall be delivered made available to the Trust by Ultimus Xxxxxxx as soon as reasonably practical, and (2) the original documents and records will be retained by Ultimus Xxxxxxx for six years from the year of creation. At the end of such six-year period, such records and documents will be turned over to the Trust unless it the Trust authorizes in writing the destruction of such records and documents.

Appears in 1 contract

Samples: Transfer Agent and Shareholder Services Agreement (Investment House Funds)

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