Common use of Service Provider Program Clause in Contracts

Service Provider Program. BISYS will provide the following additional services to assist the Trust in connection with its obligations under Rule 38a-1 of the Investment Company Act of 1940, as amended (“Rule 38a-1”): (a) Perform risk-based testing and an annual assessment of the internal compliance procedures of each BISYS service group (“BISYS Policies and Procedures”) that provides services to the Trust (i.e., transfer agency, fund accounting, administration) and of any BISYS affiliate acting as the Trust’s distributor, to assist the Trust’s Chief Compliance Officer in determining whether such compliance procedures are reasonably designed to comply with all Federal Securities Laws, as defined in Rule 38a-1. (b) Provide information reasonably requested by the Trust’s Chief Compliance Officer or the Board of Trustees (the “Board”) in connection with the Board’s determination regarding the adequacy and effectiveness of the compliance procedures described in (a) above. (c) Provide reports to the Trust’s Chief Compliance Officer regarding the risk-based testing and annual assessment described in (a) above. (d) Maintain certain records for the Trust in accordance with Rule 38a-1, which are specified below. (e) Assist in the development of policies of the Trust and establish procedures to support such policies as requested by the Trust, solely with respect to services provided by BISYS.

Service Provider Program. BISYS (a) Rule 38a-1 Services. Citi will provide the following additional services to assist the Trust Trusts in connection with its obligations under Rule 38a-1 of the Investment Company Act of 1940, as amended (“Rule 38a-1”): (a) i. Perform risk-based testing and an annual assessment of the internal compliance procedures of each BISYS Citi service group (“BISYS "Citi Policies and Procedures”") that provides services to the Trust Trusts (i.e., transfer agency, fund accounting, administration) and of any BISYS Citi affiliate acting as the Trust’s Trusts’ distributor, to assist the Trust’s Trusts’ Chief Compliance Officer in determining whether such compliance procedures are reasonably designed to comply with all Federal Securities Laws, as defined in Rule 38a-1.38a-l. (b) ii. Provide information reasonably requested by the Trust’s Trusts’ Chief Compliance Officer or the Board of Trustees (the “"Board”") in connection with the Board’s 's determination regarding the adequacy and effectiveness of the compliance procedures described in (a) above. (c) iii. Provide reports to the Trust’s Trusts’ Chief Compliance Officer regarding the risk-risk­ based testing and annual assessment described in (a) above. (d) iv. Maintain certain records for the Trust Trusts in accordance with Rule 38a-1, which are specified below. (e) v. Assist in the development of policies of the Trust Trusts and establish procedures to support such policies as requested by the TrustTrusts, solely with respect to services provided by BISYSCiti.

Service Provider Program. BISYS (a) Rule 38a-1 Services. Citi will provide the following additional services to assist the Trust Trusts in connection with its obligations under Rule 38a-1 of the Investment Company Act of 1940, as amended (“Rule 38a-1”): (a) i. Perform risk-based testing and an annual assessment of the internal compliance procedures of each BISYS Citi service group (“BISYS Citi Policies and Procedures”) that provides services to the Trust Trusts (i.e., transfer agency, fund accounting, administration) and of any BISYS Citi affiliate acting as the Trust’s Trusts’ distributor, to assist the Trust’s Trusts’ Chief Compliance Officer in determining whether such compliance procedures are reasonably designed to comply with all Federal Securities Laws, as defined in Rule 38a-1.38a-l. (b) ii. Provide information reasonably requested by the Trust’s Trusts’ Chief Compliance Officer or the Board of Trustees (the “Board”) in connection with the Board’s determination regarding the adequacy and effectiveness of the compliance procedures described in (a) above. (c) iii. Provide reports to the Trust’s Trusts’ Chief Compliance Officer regarding the risk-risk- based testing and annual assessment described in (a) above. (d) iv. Maintain certain records for the Trust Trusts in accordance with Rule 38a-1, which are specified below. (e) v. Assist in the development of policies of the Trust Trusts and establish procedures to support such policies as requested by the TrustTrusts, solely with respect to services provided by BISYSCiti.

Service Provider Program. BISYS (a) Rule 38a-1 Services. Citi will provide the following additional services to assist the Trust Trusts in connection with its obligations under Rule 38a-1 of the Investment Company Act of 1940, as amended (“Rule 38a-1”): (a) i. Perform risk-based testing and an annual assessment of the internal compliance procedures of each BISYS Citi service group (“BISYS Citi Policies and Procedures”) that provides services to the Trust Trusts (i.e., transfer agency, fund accounting, administration) and of any BISYS Citi affiliate acting as the Trust’s Trusts’ distributor, to assist the Trust’s Trusts’ Chief Compliance Officer in determining whether such compliance procedures are reasonably designed to comply with all Federal Securities Laws, as defined in Rule 38a-1.38a-l. (b) ii. Provide information reasonably requested by the Trust’s Trusts’ Chief Compliance Officer or the Board of Trustees (the “Board”) in connection with the Board’s determination regarding the adequacy and effectiveness of the compliance procedures described in (a) above. (c) iii. Provide reports to the Trust’s Trusts’ Chief Compliance Officer regarding the risk-based testing and annual assessment described in (a) above. (d) iv. Maintain certain records for the Trust Trusts in accordance with Rule 38a-1, which are specified below. (e) v. Assist in the development of policies of the Trust Trusts and establish procedures to support such policies as requested by the TrustTrusts, solely with respect to services provided by BISYSCiti.

Service Provider Program. BISYS (a) Rule 38a-1 Services. Citi will provide the following additional services to assist the Trust Trusts in connection with its obligations under Rule 38a-1 of the Investment Company Act of 1940, as amended (“Rule 38a-1”): (a) i. Perform risk-based testing and an annual assessment of the internal compliance procedures of each BISYS Citi service group (“BISYS Citi Policies and Procedures”) that provides services to the Trust Trusts (i.e., transfer agency, fund accounting, administration) and of any BISYS Citi affiliate acting as the Trust’s Trusts’ distributor, to assist the Trust’s Trusts’ Chief Compliance Officer in determining whether such compliance procedures are reasonably designed to comply with all Federal Securities Laws, as defined in Rule 38a-1.38a-l. (b) ii. Provide information reasonably requested by the Trust’s Trusts’ Chief Compliance Officer or the Board of Trustees (the “Board”) in connection with the Board’s determination regarding the adequacy and effectiveness of the compliance procedures described in (a) above. (c) iii. Provide reports to the Trust’s Trusts’ Chief Compliance Officer regarding the risk-risk­ based testing and annual assessment described in (a) above. (d) iv. Maintain certain records for the Trust Trusts in accordance with Rule 38a-1, which are specified below. (e) v. Assist in the development of policies of the Trust Trusts and establish procedures to support such policies as requested by the TrustTrusts, solely with respect to services provided by BISYSCiti.