Common use of Scope of the Engagement Clause in Contracts

Scope of the Engagement. (a) The Fund shall promptly turn over to the Company: (i) originals or copies of any Accounts and Records previously maintained by or for it or, (ii) if such records have not been previously created or maintained, any data required to establish and bring current such Accounts and Records. (b) Thereafter, the Fund shall promptly transmit to the Company, and instruct any other agents for the Fund to promptly transmit to the Company, all information required for the maintenance of correct and accurate Accounts and Records for the Fund. (c) The Fund acknowledges that such Accounts and Records, and information related thereto, are necessary for the Company to perform its functions under this Agreement. (d) The Fund authorizes the Company to rely on Accounts and Records turned over to it, and information provided to it, by the Fund or its agents. The Fund hereby indemnifies and holds the Company, its successors and assigns harmless of and from any and all expenses, damages, claims, suits, liabilities, actions, demands and losses whatsoever arising out of or in connection with any error, omission, inaccuracy or other deficiency of such Accounts and Records, or such information, or due to the failure of the Fund to provide any portion of such Accounts and Records, or to provide any additional information needed by the Company to knowledgeably perform its functions, within a reasonable time after requested by the Company. (e) The Company shall make reasonable efforts to isolate and correct any inaccuracies, omissions, discrepancies, or other deficiencies in the Accounts and Records delivered to the Company, to the extent such matters are disclosed to the Company or are discovered by it and are relevant to its performance of its functions under this Agreement. The Fund shall provide the Company with such assistance as it may reasonably request in connection with its efforts to correct such matters. (f) The Fund agrees to pay Company on a current and ongoing basis for the Company's reasonable time and costs required for the correction of any errors or omissions in the Accounts and Records delivered, or the information provided, to Company by the Fund. Any such payment shall be in addition to the fees and charges payable to the Company under this Agreement as set forth in Schedule A attached hereto (which provides for services normally contemplated to be rendered under this Agreement), provided that approval of the amount of such payments shall be obtained in advance by the Company from the Fund if and when such additional charges would exceed five percent of the usual charges payable for a period under this Agreement.

Scope of the Engagement. (a) The Fund shall promptly turn over to the Company or request that its previous accounting services agent turn over to the Company: (i) originals or copies of any Accounts and Records previously maintained by or for it or, (ii) if such records have not been previously created or maintained, any data required to establish and bring current such Accounts and Records. (b) Thereafter, the Fund shall promptly transmit to the Company, and instruct any other agents for the Fund to promptly transmit to the Company, all information required for the maintenance of correct and accurate Accounts and Records for the Fund. (c) The Fund acknowledges that such Accounts and Records, and information related thereto, are necessary for the Company to perform its functions under this Agreement. (d) The Fund authorizes the Company to rely on Accounts and Records turned over to it, and information provided to it, by the Fund or its agents. The Fund hereby indemnifies and holds the Company, its successors and assigns harmless of and from any and all expenses, damages, claims, suits, liabilities, actions, demands and losses whatsoever arising out of or in connection with any error, omission, inaccuracy or other deficiency of such Accounts and Records, or such information, or due to the failure of the Fund to provide any portion of such Accounts and Records, or to provide any additional information needed by the Company to knowledgeably perform its functions, within a reasonable time after requested by the Company. (e) The Company shall make reasonable efforts to isolate and correct any inaccuracies, omissions, discrepancies, or other deficiencies in the Accounts and Records delivered to the Company, to the extent such matters are disclosed to the Company or are discovered by it and are relevant to its performance of its functions under this Agreement. The Fund shall provide the Company with such assistance as it may reasonably request in connection with its efforts to correct such matters. (f) The Fund agrees to pay Company on a current and ongoing basis for the Company's reasonable time and costs required for the correction of any errors or omissions in the Accounts and Records delivered, or the information provided, to Company by the Fund. Any such payment shall be in addition to the fees and charges payable to the Company under this Agreement as set forth in Schedule A attached hereto (which provides for services normally contemplated to be rendered under this Agreement), provided that approval of the amount of such payments shall be obtained in advance by the Company from the Fund if and when such additional charges would exceed five percent of the usual charges payable for a period under this AgreementFund.