SUB-ADMINISTRATION SERVICES. The Sub-Administrator shall provide the following services, subject to the control, supervision, authorization and direction of the Administrator, the Trust or the Fund and, in each case where appropriate, the review and comment by the Administrator’s or the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Administrator and the Sub-Administrator:
SUB-ADMINISTRATION SERVICES. The Sub-Administrator shall provide the services set forth in Schedule B to this Agreement, subject to the authorization and direction of the Administrator or other Authorized Persons, as the case may be, and, in each case where appropriate, the review and comment by the Fund’s independent accountants and legal counsel and in accordance with procedures which may be established from time to time between the Administrator and Sub-Administrator. The Sub-Administrator shall perform such other services for the Funds that are mutually agreed to by the parties from time to time, for which the Administrator will pay such fees as may be mutually agreed upon, including the Sub-Administrator’s reasonable out-of-pocket expenses. The provision of such services shall be subject to the terms and conditions of this Agreement. The Sub-Administrator shall provide the office facilities and the personnel determined by it to perform the services contemplated herein.
SUB-ADMINISTRATION SERVICES. The Sub-Administrator shall provide the services as listed on Schedule B, subject to the authorization and direction of the Advisor or the Corporation and, in each case where appropriate, the review and comment by the Advisor’s or Corporation’s independent accountants and legal counsel and in accordance with procedures which may be established from time to time between the Advisor and the Sub-Administrator. The Sub-Administrator shall perform such other services for the Advisor that are mutually agreed to by the parties from time to time, for which the Advisor will pay such fees and reimburse such reasonable out-of-pocket expenses as may be mutually agreed upon. The provision of such services shall be subject to the terms and conditions of this Agreement. The Sub-Administrator shall provide the office facilities and the personnel determined by it to perform the services contemplated herein.
SUB-ADMINISTRATION SERVICES. The Sub-Administrator shall provide the services set forth on Schedule B annexed hereto, subject to the control, supervision and direction of the Administrator in accordance with procedures which may be established from time to time between the Administrator and the Sub-Administrator. The Sub-Administrator shall provide the office facilities and personnel required by it to perform the services contemplated herein.
SUB-ADMINISTRATION SERVICES. BISYS shall perform the sub-administration services set forth in Schedule A. BISYS agrees to perform the services described herein in accordance with the service standards set forth in Schedule B. BISYS shall provide Administrator or the Board of Trustees of the Trust (the "Board") with such reports related to the services provided under this Agreement as they may reasonably request. BISYS shall also provide reports related to the Funds' investment performance as may reasonably be requested, but shall have no responsibility for supervising the performance by any investment adviser or sub-adviser of its responsibilities. BISYS shall perform such other administration services, and furnish such Reports, for the Administrator and the Funds that are mutually agreed upon by the parties from time to time, for which the Administrator will pay BISYS the amounts agreed upon between them. BISYS may utilize agents in its performance of its services under this Agreement; provided, however, that (i) the Administrator's approval shall be required to establish an arrangement in which a Sub-Agent acts as sub-administrator ("Sub-Agent"); and (ii) any agent (including any Sub-Agent) retained by BISYS shall be the agent of BISYS and not the agent of Administrator or the Trust, and BISYS shall be fully responsible for the acts of any such agent (or Sub-Agent) and shall not be relieved of any of its responsibilities hereunder by the appointment of such agent (or Sub-Agent). In the event that a Sub-Agent is retained by BISYS at the request or instruction of the Trust or the Administrator, the foregoing shall not apply to the extent it is inconsistent with any written agreement(s) entered into by the parties with respect to such arrangement.
SUB-ADMINISTRATION SERVICES. With respect to the ETF Trust, the Sub-Administrator shall provide the services as listed on Schedule B, and with respect to the Mutual Funds Trust, the Sub-Administrator shall provide the services as listed on Schedule C, subject in all instances to the authorization and direction of the Administrator or the applicable Trust and, in each case where appropriate, the review and comment by the applicable Trust's independent accountants and the Administrator's or the applicable Trust's legal counsel and in accordance with procedures which may be established from time to time between the Administrator and the Sub-Administrator. The Sub-Administrator shall perform such other services for the Administrator that are mutually agreed to in writing by the parties from time to time, for which the Administrator will pay such fees as may be mutually agreed upon in writing, including the Sub-Administrator's reasonable out-of-pocket expenses. The provision of such services shall be subject to the terms and conditions of this Agreement. The Sub-Administrator shall provide the office facilities and the personnel determined by it to perform the services contemplated herein. Information Classification: Limited Access USAA CONTRACT CONTROL NO: 0000019025-01
SUB-ADMINISTRATION SERVICES. Develop Portfolio Summaries and Investment Adviser Checklists, based on trading restrictions listed in the Funds’ Prospectuses, Statements of Additional Information and applicable regulations, to document investment restrictions. • Create a list (“Test List”) of necessary or advisable compliance tests and identify which tests can be made by BISYS and which must be made by the Administrator. • Research exceptions (as noted in a daily e-mail from the Company’s fund accountant) for any compliance issues. • Report compliance exceptions for each Fund to such persons as the Administrator directs. • Complete monthly compliance testing on all Funds in accordance with the Test List. Prepare month-end compliance package detailing the results of such testing to be delivered to the Administrator for review. • Complete monthly testing on the number of shares authorized (as set forth in the Company’s Articles of Incorporation as the same may be amended from time to time) against the number of shares outstanding in each class of each fund. • Complete quarterly compliance testing in accordance with the Test List and run data checks for system information accuracy based on fund accounting documents. • Complete a quarterly compliance letter and matrix of compliance test results for each Fund to be used for reporting to the Board. • Collect and report to the Administrator and the Board information related to (i) transactions reportable under Rules 17a-7, 10f-3 and 00x-0 xxxxx xxx 0000 Xxx, (xx) transactions reportable pursuant to Section 4(2) of the Securities Act of 1933 and Rule 144A thereunder, and (iii) transactions in securities the portfolio managers determine are illiquid. Such information will be included in the Investment Adviser Checklist. • Provide Compliance Manuals and perform, at least annually, portfolio compliance training for portfolio managers and compliance personnel as requested by the Administrator. • Review all registration statements to ensure they meet regulatory requirements. • Provide guidance on investment advisory and investment company compliance issues as requested by the Administrator. • Review and report to the Administrator and the Board quarterly regarding Fund trading commissions, including confirmation by brokers that trades are allocated based on best execution. • Review weekly and report quarterly to Board regarding value of and deviation from xxxx-to-market value of money market Funds. • Prepare documents as requested by SEC and indepen...
SUB-ADMINISTRATION SERVICES. The Sub-Administrator/Accounting Agent shall provide the administrative services that are described on Schedule B-1 attached hereto, in each case subject to the supervision and direction of the Administrators and, as applicable, review and comment by each Fund's auditors and legal counsel. Such administrative services shall be performed in accordance with the policies and procedures described on Schedule B-2 attached hereto, insofar as such policies and procedures relate to the administrative services set forth on Schedule B-1 attached hereto. The Sub-Administrator/Accounting Agent, such Fund's Administrator or such Fund's Board of Directors/Trustees, as applicable, may propose changes to such policies and procedures with respect to a Fund (including the establishment of new policies and procedures) at any time; provided, however that no such change will become effective as to the Sub-Administrator/Accounting Agent's responsibilities without the consent of both the Sub-Administrator/Accounting Agent and the applicable Administrator. The Sub-Administrator/Accounting Agent and the Administrators (i) shall cooperate in good faith to change the foregoing policies and procedures to reflect changes in applicable laws and to take advantage of efficiencies and improvements in technology in accordance with industry practice, (ii) shall otherwise consider in good faith any proposed changes to the policies and procedures, and (iii) shall not unreasonably withhold consent to reasonable changes requested by the other parties, provided that the parties shall negotiate in good faith to reach an agreement regarding compensation for any additional expenses or duties of the Sub-Administrator/Accounting Agent in connection with any such proposed change. When any new statement of policy and procedures has been consented to, it shall be identified on Schedule B-2; and when any modification of any statement of policies and procedures has been consented to, Schedule B-2 shall be amended accordingly. The policies and procedures set forth on Schedule B-2, as amended from time to time in accordance with this Section, shall hereinafter be referred to as the "Procedures".
SUB-ADMINISTRATION SERVICES. BISYS shall perform the sub-administration services set forth in Schedule B. BISYS agrees to perform the services described herein in accordance with the service standards set forth in Schedule C. BISYS shall provide Fifth Third or the Board of Trustees of the Company (the "Board") with such reports regarding investment performance as they may reasonably request, but shall have no responsibility for supervising the performance by any investment adviser or sub-adviser of its responsibilities. BISYS shall perform such other administration services, and furnish such Reports, for Fifth Third and the Funds that are mutually agreed upon by the parties from time to time, for which Fifth Third will pay BISYS the amounts agreed upon between them.
SUB-ADMINISTRATION SERVICES. ICON for Sub-Administration Services shall pay ALPS the greater of $504,000 annual minimum for the Funds listed on Appendix A hereto or the following basis point fee schedule: Annual Net Assets Basis Points Between $0 - $1 billion 3.36 $1 billion - $3 billion 2.24 Above $3 billion 0.84 Out-of-Pocket Expenses: All out-of-pocket expenses will be passed through to the Trust at cost, including but not limited to: third-party security pricing and data fees, Bloomberg fees, Gainskeeper fees, PFIC Analyzer, bank loan sub-accounting fees, Blue Sky permit processing fees, SSAE 16 control review reports, travel expenses to Board meetings and on-site reviews, printing, filing and mailing fees, customized programming/enhancements, confirmations and investor statements, postage, statement paper, XXX custodial fees, NSCC interface fees, wire fees and other bank charges, E*Delivery services and other out-of-pocket expenses incurred by ALPS in connection with the performance of its duties under this Agreement with the Trust and ICON on behalf of the Funds. APPENDIX C
