THE COMPANY'S DUTIES. As Administrator, and subject to the supervision and control of the Investment Company’s Board of Trustees/Directors (the “Board”), the Company will provide facilities, equipment, and personnel to carry out the following administrative services for operation of the business and affairs of the Investment Company and each of its Funds: A. prepare, file, and maintain the Investment Company's governing documents and any amendments thereto, including the charter documents, the by-laws and minutes of meetings of the Board, Board Committees and Shareholders; B. prepare and file with the Securities and Exchange Commission (the “SEC”) and the appropriate state securities authorities: (i) the registration statements for the Investment Company and the Investment Company's Shares and all amendments thereto, (ii) reports to the SEC and shareholders, (iii) prospectuses, (iv) routine proxy statements; and (v) such other documents all as may be necessary to enable the Investment Company to continuously offer its shares; C. prepare and administer contracts on behalf of the Investment Company with, among others, the Investment Company's investment advisers, sub-advisers, fund accountants, custodians, transfer agents and distributors, subject to any terms and conditions established by the Board and the requirements of the 1940 Act; D. negotiate and secure for the Investment Company and its directors and officers: (i) a fidelity bond in an amount that is at least adequate to satisfy the requirements of the 1940 Act, (ii) directors and officer’s coverage and (iii) professional liability or errors and omissions coverage, in each case, under terms that are acceptable to the Board; E. prepare and file the Investment Company's tax returns; F. coordinate the layout, printing and electronic delivery of publicly disseminated prospectuses and shareholder reports, make recommendations to improve their effectiveness or reduce expenses; G. perform internal audit examinations in accordance with a charter adopted by the Investment Company; H. develop and recommend changes in the investment strategy and operation of the Investment Company, that may be in the interest of its Shareholders; I. provide individuals reasonably acceptable to the Board for nomination, appointment, or election as the following officers of the Investment Company, who will be responsible for the management of certain of the Investment Company's affairs as specified in the Investment Company's charter documents and by-laws, subject to direction by the Investment Company’s Board: (i) the president and principal executive officer, (ii) the treasurer and principal financial and accounting officer; (iii) the secretary, and (iv) such other officers as are mutually agreeable; J. subject to the Board’s direction, coordinate meetings of the Board (and its committees), including: (i) the creation of notices, agendas, legal memoranda and administrative reports, and (ii) the review and compilation of other materials prepared by the Investment Company’s adviser, distributor, portfolio accountant, custodian, transfer agent, auditor, independent counsel or other service providers to support the Board’s discussions and actions taken; K. evaluate and obtain custody services from a financial institution that meets the requirements of the 1940 Act; L. monitor trading activity to help identify market timers and recommend policies to deter market timing; M. review and recommend changes to the transfer agent’s policies and procedures to mitigate fraud, enhance Shareholder services or reduce expenses; N. review and recommend changes to policies and procedures designed to reduce Fund expenses; O. monitor changes in applicable regulations and make corresponding changes in, or develop new, policies and procedures for the Fund or for the applicable service provider; P. compare, as applicable, the fund accountant’s calculation of the Investment Company’s net asset value, yield, average maturity, dividends and total assets with the fund accountant’s previous calculations and with changes in the relevant securities market on a daily basis for reasonableness of changes; Q. evaluate and recommend the pricing services used by the Investment Company; participate in the fair valuation of portfolio securities as required by the Investment Company’s fair valuation procedures; review and recommend changes to the Investment Company’s fair valuation procedures; R. compare the fund accountant’s calculations of the Investment Company’s distribution pool balances with the fund accountant’s previous calculations for reasonableness of changes; S. perform weekly comparison, as applicable, of the fund accountant’s amortized cost monitor with the previous amortized cost monitor for reasonableness of changes to the net asset value calculation; notify designated parties, as necessary, of deviations in compliance with the Investment Company’s Rule 2a-7 procedures; T. perform monthly comparison of the fund accountant’s performance calculations and projected annual fund expenses with previous calculations and projections for reasonableness of changes; U. review fund expense reports prepared by the fund accountant; V. compare the fund accountant’s calculation of dividend and capital gains recommendations with previous recommendations for reasonableness of changes; consult with portfolio managers concerning fixed dividend recommendations; W. review the fund accountant’s calculation of shareholder tax reports at least annually; X. monitor the Investment Company’s status as a regulated investment company under the Internal Revenue Code of 1986, as amended (“IRC”); Y. prepare, review and negotiate standard forms of indentures, guarantees, agreements, certificates, confirmations and other documentation relating to the legal terms of securities eligible for purchase by money market funds, provided that the Company shall not have any obligation to: (i) provide any written legal opinions regarding such securities or (ii) prepare, review or negotiate any document for which a standard form has not been developed and accepted for use by the investment company industry; Z. provide office space, telephone, office equipment and supplies for the Investment Company; and AA. respond to all inquiries or other communications from Shareholders and other parties or, if the inquiry is more properly responded to by another of the Investment Company’s service providers, referring the individual making the inquiry to the appropriate person. BB. See Amd. #1, dated 7/1/04 CC. See Amd. #2, dated 9/1/04
Appears in 6 contracts
Samples: Administrative Services Agreement (Federated Managed Pool Series), Administrative Services Agreement (Federated Index Trust), Administrative Services Agreement (Federated Us Government Bond Fund)
THE COMPANY'S DUTIES. As Administrator, and subject to the supervision and control of the Investment Company’s 's Board of Trustees/Directors (the “"Board”"), the Company will provide facilities, equipment, and personnel to carry out the following administrative services for operation of the business and affairs of the Investment Company and each of its Funds:
A. prepare, file, and maintain the Investment Company's governing documents and any amendments thereto, including the charter documents, the by-laws and minutes of meetings of the Board, Board Committees and Shareholders;
B. prepare and file with the Securities and Exchange Commission (the “"SEC”") and the appropriate state securities authorities: (i) the registration statements for the Investment Company and the Investment Company's Shares and all amendments thereto, (ii) reports to the SEC and shareholders, (iii) prospectuses, (iv) routine proxy statements; and (v) such other documents all as may be necessary to enable the Investment Company to continuously offer its shares;
C. prepare and administer contracts on behalf of the Investment Company with, among others, the Investment Company's investment advisers, sub-advisers, fund accountants, custodians, transfer agents and distributors, subject to any terms and conditions established by the Board and the requirements of the 1940 Act;
D. negotiate and secure for the Investment Company and its directors and officers: (i) a fidelity bond in an amount that is at least adequate to satisfy the requirements of the 1940 Act, (ii) directors and officer’s 's coverage and (iii) professional liability or errors and omissions coverage, in each case, under terms that are acceptable to the Board;
E. prepare and file the Investment Company's tax returns;
F. coordinate the layout, printing and electronic delivery of publicly disseminated prospectuses and shareholder reports, make recommendations to improve their effectiveness or reduce expenses;
G. perform internal audit examinations in accordance with a charter adopted by the Investment Company;
H. develop and recommend changes in the investment strategy and operation of the Investment Company, that may be in the interest of its Shareholders;
I. provide individuals reasonably acceptable to the Board for nomination, appointment, or election as the following officers of the Investment Company, who will be responsible for the management of certain of the Investment Company's affairs as specified in the Investment Company's charter documents and by-laws, subject to direction by the Investment Company’s 's Board: (i) the president and principal executive officer, (ii) the treasurer and principal financial and accounting officer; (iii) the secretary, and (iv) such other officers as are mutually agreeable;
J. subject to the Board’s 's direction, coordinate meetings of the Board (and its committees), including: (i) the creation of notices, agendas, legal memoranda and administrative reports, and (ii) the review and compilation of other materials prepared by the Investment Company’s 's adviser, distributor, portfolio accountant, custodian, transfer agent, auditor, independent counsel or other service providers to support the Board’s 's discussions and actions taken;
K. evaluate and obtain custody services from a financial institution that meets the requirements of the 1940 Act;
L. monitor trading activity to help identify market timers and recommend policies to deter market timing;
M. review and recommend changes to the transfer agent’s 's policies and procedures to mitigate fraud, enhance Shareholder services or reduce expenses;
N. review and recommend changes to policies and procedures designed to reduce Fund expenses;
O. monitor changes in applicable regulations and make corresponding changes in, or develop new, policies and procedures for the Fund or for the applicable service provider;
P. compare, as applicable, the fund accountant’s 's calculation of the Investment Company’s 's net asset value, yield, average maturity, dividends and total assets with the fund accountant’s 's previous calculations and with changes in the relevant securities market on a daily basis for reasonableness of changes;
Q. evaluate and recommend the pricing services used by the Investment Company; participate in the fair valuation of portfolio securities as required by the Investment Company’s 's fair valuation procedures; review and recommend changes to the Investment Company’s 's fair valuation procedures;
R. compare the fund accountant’s 's calculations of the Investment Company’s 's distribution pool balances with the fund accountant’s 's previous calculations for reasonableness of changes;
; S. perform weekly comparison, as applicable, of the fund accountant’s 's amortized cost monitor with the previous amortized cost monitor for reasonableness of changes to the net asset value calculation; notify designated parties, as necessary, of deviations in compliance with the Investment Company’s 's Rule 2a-7 procedures;
T. perform monthly comparison of the fund accountant’s 's performance calculations and projected annual fund expenses with previous calculations and projections for reasonableness of changes;
U. review fund expense reports prepared by the fund accountant;
V. compare the fund accountant’s 's calculation of dividend and capital gains recommendations with previous recommendations for reasonableness of changes; consult with portfolio managers concerning fixed dividend recommendations;
W. review the fund accountant’s calculation of shareholder tax reports at least annually;
X. monitor the Investment Company’s status as a regulated investment company under the Internal Revenue Code of 1986, as amended (“IRC”);
Y. prepare, review and negotiate standard forms of indentures, guarantees, agreements, certificates, confirmations and other documentation relating to the legal terms of securities eligible for purchase by money market funds, provided that the Company shall not have any obligation to: (i) provide any written legal opinions regarding such securities or (ii) prepare, review or negotiate any document for which a standard form has not been developed and accepted for use by the investment company industry;
Z. provide office space, telephone, office equipment and supplies for the Investment Company; and
AA. respond to all inquiries or other communications from Shareholders and other parties or, if the inquiry is more properly responded to by another of the Investment Company’s service providers, referring the individual making the inquiry to the appropriate person.
BB. See Amd. #1, dated 7/1/04
CC. See Amd. #2, dated 9/1/04
Appears in 4 contracts
Samples: Administrative Services Agreement (Federated Fixed Income Securities Inc), Administrative Services Agreement (Money Market Obligations Trust /New/), Administrative Services Agreement (Money Market Obligations Trust /New/)
THE COMPANY'S DUTIES. As Administrator, and subject to the supervision and control of the Investment Company’s 's Board of Trustees/Directors (the “"Board”"), the Company will provide facilities, equipment, and personnel to carry out the following administrative services for operation of the business and affairs of the Investment Company and each of its Funds:
A. prepare, file, and maintain the Investment Company's governing documents and any amendments thereto, including the charter documents, the by-laws and minutes of meetings of the Board, Board Committees and Shareholders;
B. prepare and file with the Securities and Exchange Commission (the “"SEC”") and the appropriate state securities authorities: (i) the registration statements for the Investment Company and the Investment Company's Shares and all amendments thereto, (ii) reports to the SEC and shareholders, (iii) prospectuses, (iv) routine proxy statements; and (v) such other documents all as may be necessary to enable the Investment Company to continuously offer its shares;
C. prepare and administer contracts on behalf of the Investment Company with, among others, the Investment Company's investment advisers, sub-advisers, fund accountants, custodians, transfer agents and distributors, subject to any terms and conditions established by the Board and the requirements of the 1940 Act;
D. negotiate and secure for the Investment Company and its directors and officers: (i) a fidelity bond in an amount that is at least adequate to satisfy the requirements of the 1940 Act, (ii) directors and officer’s 's coverage and (iii) professional liability or errors and omissions coverage, in each case, under terms that are acceptable to the Board;
E. prepare and file the Investment Company's tax returns;
F. coordinate the layout, printing and electronic delivery of publicly disseminated prospectuses and shareholder reports, make recommendations to improve their effectiveness or reduce expenses;
G. perform internal audit examinations in accordance with a charter adopted by the Investment Company;
H. develop and recommend changes in the investment strategy and operation of the Investment Company, that may be in the interest of its Shareholders;
I. provide individuals reasonably acceptable to the Board for nomination, appointment, or election as the following officers of the Investment Company, who will be responsible for the management of certain of the Investment Company's affairs as specified in the Investment Company's charter documents and by-laws, subject to direction by the Investment Company’s 's Board: (i) the president and principal executive officer, (ii) the treasurer and principal financial and accounting officer; (iii) the secretary, and (iv) such other officers as are mutually agreeable;
J. subject to the Board’s 's direction, coordinate meetings of the Board (and its committees), including: (i) the creation of notices, agendas, legal memoranda and administrative reports, and (ii) the review and compilation of other materials prepared by the Investment Company’s 's adviser, distributor, portfolio accountant, custodian, transfer agent, auditor, independent counsel or other service providers to support the Board’s 's discussions and actions taken;
K. evaluate and obtain custody services from a financial institution that meets the requirements of the 1940 Act;
L. monitor trading activity to help identify market timers and recommend policies to deter market timing;
M. review and recommend changes to the transfer agent’s 's policies and procedures to mitigate fraud, enhance Shareholder services or reduce expenses;
N. review and recommend changes to policies and procedures designed to reduce Fund expenses;
O. monitor changes in applicable regulations and make corresponding changes in, or develop new, policies and procedures for the Fund or for the applicable service provider;
P. compare, as applicable, the fund accountant’s 's calculation of the Investment Company’s 's net asset value, yield, average maturity, dividends and total assets with the fund accountant’s 's previous calculations and with changes in the relevant securities market on a daily basis for reasonableness of changes;
Q. evaluate and recommend the pricing services used by the Investment Company; participate in the fair valuation of portfolio securities as required by the Investment Company’s 's fair valuation procedures; review and recommend changes to the Investment Company’s 's fair valuation procedures;
R. compare the fund accountant’s 's calculations of the Investment Company’s 's distribution pool balances with the fund accountant’s 's previous calculations for reasonableness of changes;
; S. perform weekly comparison, as applicable, of the fund accountant’s 's amortized cost monitor with the previous amortized cost monitor for reasonableness of changes to the net asset value calculation; notify designated parties, as necessary, of deviations in compliance with the Investment Company’s 's Rule 2a-7 procedures;
T. perform monthly comparison of the fund accountant’s 's performance calculations and projected annual fund expenses with previous calculations and projections for reasonableness of changes;
; U. review fund expense reports prepared by the fund accountant;
V. compare the fund accountant’s 's calculation of dividend and capital gains recommendations with previous recommendations for reasonableness of changes; consult with portfolio managers concerning fixed dividend recommendations;
W. review the fund accountant’s calculation of shareholder tax reports at least annually;
X. monitor the Investment Company’s status as a regulated investment company under the Internal Revenue Code of 1986, as amended (“IRC”);
Y. prepare, review and negotiate standard forms of indentures, guarantees, agreements, certificates, confirmations and other documentation relating to the legal terms of securities eligible for purchase by money market funds, provided that the Company shall not have any obligation to: (i) provide any written legal opinions regarding such securities or (ii) prepare, review or negotiate any document for which a standard form has not been developed and accepted for use by the investment company industry;
Z. provide office space, telephone, office equipment and supplies for the Investment Company; and
AA. respond to all inquiries or other communications from Shareholders and other parties or, if the inquiry is more properly responded to by another of the Investment Company’s service providers, referring the individual making the inquiry to the appropriate person.
BB. See Amd. #1, dated 7/1/04
CC. See Amd. #2, dated 9/1/04
Appears in 2 contracts
Samples: Administrative Services Agreement (Federated Index Trust), Administrative Services Agreement (Federated Total Return Series Inc)
THE COMPANY'S DUTIES. As Administrator, and subject to the supervision and control of the Investment Company’s Board of Trustees/Directors (the “Board”), the Company will provide facilities, equipment, and personnel to carry out the following administrative services for operation of the business and affairs of the Investment Company and each of its Funds:
A. prepare, file, and maintain the Investment Company's ’s governing documents and any amendments thereto, including the charter documents, the by-laws and minutes of meetings of the Board, Board Committees and Shareholders;
B. prepare and file with the Securities and Exchange Commission (the “SEC”) and the appropriate state securities authorities: (i) the registration statements for the Investment Company and the Investment Company's ’s Shares and all amendments thereto, (ii) reports to the SEC and shareholders, (iii) prospectuses, (iv) routine proxy statements; and (v) such other documents all as may be necessary to enable the Investment Company to continuously offer its shares;
C. prepare and administer contracts on behalf of the Investment Company with, among others, the Investment Company's ’s investment advisers, sub-advisers, fund accountants, custodians, transfer agents and distributors, subject to any terms and conditions established by the Board and the requirements of the 1940 Act;
D. negotiate and secure for the Investment Company and its directors and officers: (i) a fidelity bond in an amount that is at least adequate to satisfy the requirements of the 1940 Act, (ii) directors and officer’s coverage and (iii) professional liability or errors and omissions coverage, in each case, under terms that are acceptable to the Board;
E. prepare and file the Investment Company's ’s tax returns;
F. coordinate the layout, printing and electronic delivery of publicly disseminated prospectuses and shareholder reports, make recommendations to improve their effectiveness or reduce expenses;
G. perform internal audit examinations in accordance with a charter adopted by the Investment Company;
H. develop and recommend changes in the investment strategy and operation of the Investment Company, that may be in the interest of its Shareholders;
I. provide individuals reasonably acceptable to the Board for nomination, appointment, or election as the following officers of the Investment Company, who will be responsible for the management of certain of the Investment Company's ’s affairs as specified in the Investment Company's ’s charter documents and by-laws, subject to direction by the Investment Company’s Board: (i) the president and principal executive officer, (ii) the treasurer and principal financial and accounting officer; (iii) the secretary, and (iv) such other officers as are mutually agreeable;
J. subject to the Board’s direction, coordinate meetings of the Board (and its committees), including: (i) the creation of notices, agendas, legal memoranda and administrative reports, and (ii) the review and compilation of other materials prepared by the Investment Company’s adviser, distributor, portfolio accountant, custodian, transfer agent, auditor, independent counsel or other service providers to support the Board’s discussions and actions taken;
K. evaluate and obtain custody services from a financial institution that meets the requirements of the 1940 Act;
L. monitor trading activity to help identify market timers and recommend policies to deter market timing;
M. review and recommend changes to the transfer agent’s policies and procedures to mitigate fraud, enhance Shareholder services or reduce expenses;
N. review and recommend changes to policies and procedures designed to reduce Fund expenses;
O. monitor changes in applicable regulations and make corresponding changes in, or develop new, policies and procedures for the Fund or for the applicable service provider;
P. compare, as applicable, the fund accountant’s calculation of the Investment Company’s net asset value, yield, average maturity, dividends and total assets with the fund accountant’s previous calculations and with changes in the relevant securities market on a daily basis for reasonableness of changes;
Q. evaluate and recommend the pricing services used by the Investment Company; participate in the fair valuation of portfolio securities as required by the Investment Company’s fair valuation procedures; review and recommend changes to the Investment Company’s fair valuation procedures;
R. compare the fund accountant’s calculations of the Investment Company’s distribution pool balances with the fund accountant’s previous calculations for reasonableness of changes;
S. perform weekly comparison, as applicable, of the fund accountant’s amortized cost monitor with the previous amortized cost monitor for reasonableness of changes to the net asset value calculation; notify designated parties, as necessary, of deviations in compliance with the Investment Company’s Rule 2a-7 procedures;
T. perform monthly comparison of the fund accountant’s performance calculations and projected annual fund expenses with previous calculations and projections for reasonableness of changes;
; U. review fund expense reports prepared by the fund accountant;
V. compare the fund accountant’s calculation of dividend and capital gains recommendations with previous recommendations for reasonableness of changes; consult with portfolio managers concerning fixed dividend recommendations;
W. review the fund accountant’s calculation of shareholder tax reports at least annually;
X. monitor the Investment Company’s status as a regulated investment company under the Internal Revenue Code of 1986, as amended (“IRC”);
Y. prepare, review and negotiate standard forms of indentures, guarantees, agreements, certificates, confirmations and other documentation relating to the legal terms of securities eligible for purchase by money market funds, provided that the Company shall not have any obligation to: (i) provide any written legal opinions regarding such securities or (ii) prepare, review or negotiate any document for which a standard form has not been developed and accepted for use by the investment company industry;
Z. provide office space, telephone, office equipment and supplies for the Investment Company; and
AA. respond to all inquiries or other communications from Shareholders and other parties or, if the inquiry is more properly responded to by another of the Investment Company’s service providers, referring the individual making the inquiry to the appropriate person.
BB. See Amd. #1, dated 7/1/04
CC. See Amd. #2, dated 9/1/04
Appears in 1 contract
Samples: Administrative Services Agreement (Federated Enhanced Treasury Income Fund)
THE COMPANY'S DUTIES. As Administrator, and subject to the supervision and control of the Investment Company’s 's Board of Trustees/Directors (the “"Board”"), the Company will provide facilities, equipment, and personnel to carry out the following administrative services for operation of the business and affairs of the Investment Company and each of its Funds:
A. prepare, file, and maintain the Investment Company's governing documents and any amendments thereto, including the charter documents, the by-laws and minutes of meetings of the Board, Board Committees and Shareholders;
B. prepare and file with the Securities and Exchange Commission (the “"SEC”") and the appropriate state securities authorities: (i) the registration statements for the Investment Company and the Investment Company's Shares and all amendments thereto, (ii) reports to the SEC and shareholders, (iii) prospectuses, (iv) routine proxy statements; and (v) such other documents all as may be necessary to enable the Investment Company to continuously offer its shares;
C. prepare and administer contracts on behalf of the Investment Company with, among others, the Investment Company's investment advisers, sub-advisers, fund accountants, custodians, transfer agents and distributors, subject to any terms and conditions established by the Board and the requirements of the 1940 Act;
D. negotiate and secure for the Investment Company and its directors and officers: (i) a fidelity bond in an amount that is at least adequate to satisfy the requirements of the 1940 Act, (ii) directors and officer’s 's coverage and (iii) professional liability or errors and omissions coverage, in each case, under terms that are acceptable to the Board;
E. prepare and file the Investment Company's tax returns;
F. coordinate the layout, printing and electronic delivery of publicly disseminated prospectuses and shareholder reports, make recommendations to improve their effectiveness or reduce expenses;
G. perform internal audit examinations in accordance with a charter adopted by the Investment Company;
H. develop and recommend changes in the investment strategy and operation of the Investment Company, that may be in the interest of its Shareholders;
I. provide individuals reasonably acceptable to the Board for nomination, appointment, or election as the following officers of the Investment Company, who will be responsible for the management of certain of the Investment Company's affairs as specified in the Investment Company's charter documents and by-by- laws, subject to direction by the Investment Company’s 's Board: (i) the president and principal executive officer, (ii) the treasurer and principal financial and accounting officer; (iii) the secretary, and (iv) such other officers as are mutually agreeable;
J. subject to the Board’s 's direction, coordinate meetings of the Board (and its committees), including: (i) the creation of notices, agendas, legal memoranda and administrative reports, and (ii) the review and compilation of other materials prepared by the Investment Company’s 's adviser, distributor, portfolio accountant, custodian, transfer agent, auditor, independent counsel or other service providers to support the Board’s 's discussions and actions taken;
K. evaluate and obtain custody services from a financial institution that meets the requirements of the 1940 Act;
L. monitor trading activity to help identify market timers and recommend policies to deter market timing;
M. review and recommend changes to the transfer agent’s 's policies and procedures to mitigate fraud, enhance Shareholder services or reduce expenses;
N. review and recommend changes to policies and procedures designed to reduce Fund expenses;
O. monitor changes in applicable regulations and make corresponding changes in, or develop new, policies and procedures for the Fund or for the applicable service provider;
P. compare, as applicable, the fund accountant’s 's calculation of the Investment Company’s 's net asset value, yield, average maturity, dividends and total assets with the fund accountant’s 's previous calculations and with changes in the relevant securities market on a daily basis for reasonableness of changes;
Q. evaluate and recommend the pricing services used by the Investment Company; participate in the fair valuation of portfolio securities as required by the Investment Company’s 's fair valuation procedures; review and recommend changes to the Investment Company’s 's fair valuation procedures;
R. compare the fund accountant’s 's calculations of the Investment Company’s 's distribution pool balances with the fund accountant’s 's previous calculations for reasonableness of changes;
; S. perform weekly comparison, as applicable, of the fund accountant’s 's amortized cost monitor with the previous amortized cost monitor for reasonableness of changes to the net asset value calculation; notify designated parties, as necessary, of deviations in compliance with the Investment Company’s 's Rule 2a-7 procedures;
T. perform monthly comparison of the fund accountant’s 's performance calculations and projected annual fund expenses with previous calculations and projections for reasonableness of changes;
U. review fund expense reports prepared by the fund accountant;
V. compare the fund accountant’s 's calculation of dividend and capital gains recommendations with previous recommendations for reasonableness of changes; consult with portfolio managers concerning fixed dividend recommendations;
W. review the fund accountant’s calculation of shareholder tax reports at least annually;
X. monitor the Investment Company’s status as a regulated investment company under the Internal Revenue Code of 1986, as amended (“IRC”);
Y. prepare, review and negotiate standard forms of indentures, guarantees, agreements, certificates, confirmations and other documentation relating to the legal terms of securities eligible for purchase by money market funds, provided that the Company shall not have any obligation to: (i) provide any written legal opinions regarding such securities or (ii) prepare, review or negotiate any document for which a standard form has not been developed and accepted for use by the investment company industry;
Z. provide office space, telephone, office equipment and supplies for the Investment Company; and
AA. respond to all inquiries or other communications from Shareholders and other parties or, if the inquiry is more properly responded to by another of the Investment Company’s service providers, referring the individual making the inquiry to the appropriate person.
BB. See Amd. #1, dated 7/1/04
CC. See Amd. #2, dated 9/1/04
Appears in 1 contract
Samples: Administrative Services Agreement (Federated MDT Series)
THE COMPANY'S DUTIES. As Administrator, and subject to the supervision and control of the Investment Company’s Board of Trustees/Directors (the “Board”), the Company will provide facilities, equipment, and personnel to carry out the following administrative services for operation of the business and affairs of the Investment Company and each of its Funds:
A. prepare, file, and maintain the Investment Company's governing documents and any amendments thereto, including the charter documents, the by-laws and minutes of meetings of the Board, Board Committees and Shareholders;
B. prepare and file with the Securities and Exchange Commission (the “SEC”) and the appropriate state securities authorities: (i) the registration statements for the Investment Company and the Investment Company's Shares and all amendments thereto, (ii) reports to the SEC and shareholders, (iii) prospectuses, (iv) routine proxy statements; and (v) such other documents all as may be necessary to enable the Investment Company to continuously offer its shares;
C. prepare and administer contracts on behalf of the Investment Company with, among others, the Investment Company's investment advisers, sub-advisers, fund accountants, custodians, transfer agents and distributors, subject to any terms and conditions established by the Board and the requirements of the 1940 Act;
D. negotiate and secure for the Investment Company and its directors and officers: (i) a fidelity bond in an amount that is at least adequate to satisfy the requirements of the 1940 Act, (ii) directors and officer’s coverage and (iii) professional liability or errors and omissions coverage, in each case, under terms that are acceptable to the Board;
E. prepare and file the Investment Company's tax returns;
F. coordinate the layout, printing and electronic delivery of publicly disseminated prospectuses and shareholder reports, make recommendations to improve their effectiveness or reduce expenses;
G. perform internal audit examinations in accordance with a charter adopted by the Investment Company;
H. develop and recommend changes in the investment strategy and operation of the Investment Company, that may be in the interest of its Shareholders;
I. provide individuals reasonably acceptable to the Board for nomination, appointment, or election as the following officers of the Investment Company, who will be responsible for the management of certain of the Investment Company's affairs as specified in the Investment Company's charter documents and by-laws, subject to direction by the Investment Company’s Board: (i) the president and principal executive officer, (ii) the treasurer and principal financial and accounting officer; (iii) the secretary, and (iv) such other officers as are mutually agreeable;
J. subject to the Board’s direction, coordinate meetings of the Board (and its committees), including: (i) the creation of notices, agendas, legal memoranda and administrative reports, and (ii) the review and compilation of other materials prepared by the Investment Company’s adviser, distributor, portfolio accountant, custodian, transfer agent, auditor, independent counsel or other service providers to support the Board’s discussions and actions taken;
K. evaluate and obtain custody services from a financial institution that meets the requirements of the 1940 Act;
L. monitor trading activity to help identify market timers and recommend policies to deter market timing;
M. review and recommend changes to the transfer agent’s policies and procedures to mitigate fraud, enhance Shareholder services or reduce expenses;
N. review and recommend changes to policies and procedures designed to reduce Fund expenses;
O. monitor changes in applicable regulations and make corresponding changes in, or develop new, policies and procedures for the Fund or for the applicable service provider;
P. compare, as applicable, the fund accountant’s calculation of the Investment Company’s net asset value, yield, average maturity, dividends and total assets with the fund accountant’s previous calculations and with changes in the relevant securities market on a daily basis for reasonableness of changes;
Q. evaluate and recommend the pricing services used by the Investment Company; participate in the fair valuation of portfolio securities as required by the Investment Company’s fair valuation procedures; review and recommend changes to the Investment Company’s fair valuation procedures;
R. compare the fund accountant’s calculations of the Investment Company’s distribution pool balances with the fund accountant’s previous calculations for reasonableness of changes;
; S. perform weekly comparison, as applicable, of the fund accountant’s amortized cost monitor with the previous amortized cost monitor for reasonableness of changes to the net asset value calculation; notify designated parties, as necessary, of deviations in compliance with the Investment Company’s Rule 2a-7 procedures;
T. perform monthly comparison of the fund accountant’s performance calculations and projected annual fund expenses with previous calculations and projections for reasonableness of changes;
; U. review fund expense reports prepared by the fund accountant;
V. compare the fund accountant’s calculation of dividend and capital gains recommendations with previous recommendations for reasonableness of changes; consult with portfolio managers concerning fixed dividend recommendations;
W. review the fund accountant’s calculation of shareholder tax reports at least annually;
X. monitor the Investment Company’s status as a regulated investment company under the Internal Revenue Code of 1986, as amended (“IRC”);
Y. prepare, review and negotiate standard forms of indentures, guarantees, agreements, certificates, confirmations and other documentation relating to the legal terms of securities eligible for purchase by money market funds, provided that the Company shall not have any obligation to: (i) provide any written legal opinions regarding such securities or (ii) prepare, review or negotiate any document for which a standard form has not been developed and accepted for use by the investment company industry;
Z. provide office space, telephone, office equipment and supplies for the Investment Company; and
AA. respond to all inquiries or other communications from Shareholders and other parties or, if the inquiry is more properly responded to by another of the Investment Company’s service providers, referring the individual making the inquiry to the appropriate person.
BB. See Amd. #1, dated 7/1/04
7/1/04 CC. See Amd. #2, dated 9/1/049/1/04 The foregoing, along with any additional services that the Company shall agree in writing to perform for the Investment Company shall hereinafter be referred to as "Administrative Services."
Appears in 1 contract
Samples: Administrative Services Agreement (Federated Core Trust III)
THE COMPANY'S DUTIES. As Administrator, and subject to the supervision and control of the Investment Company’s Board of Trustees/Directors (the “Board”), the Company will provide facilities, equipment, and personnel to carry out the following administrative services for operation of the business and affairs of the Investment Company and each of its Funds:
A. prepare, file, and maintain the Investment Company's governing documents and any amendments thereto, including the charter documents, the by-laws and minutes of meetings of the Board, Board Committees and Shareholders;
B. prepare and file with the Securities and Exchange Commission (the “SEC”) and the appropriate state securities authorities: (i) the registration statements for the Investment Company and the Investment Company's Shares and all amendments thereto, (ii) reports to the SEC and shareholders, (iii) prospectuses, (iv) routine proxy statements; and (v) such other documents all as may be necessary to enable the Investment Company to continuously offer its shares;
C. prepare and administer contracts on behalf of the Investment Company with, among others, the Investment Company's investment advisers, sub-advisers, fund accountants, custodians, transfer agents and distributors, subject to any terms and conditions established by the Board and the requirements of the 1940 Act;
D. negotiate and secure for the Investment Company and its directors and officers: (i) a fidelity bond in an amount that is at least adequate to satisfy the requirements of the 1940 Act, (ii) directors and officer’s coverage and (iii) professional liability or errors and omissions coverage, in each case, under terms that are acceptable to the Board;
E. prepare and file the Investment Company's tax returns;
F. coordinate the layout, printing and electronic delivery of publicly disseminated prospectuses and shareholder reports, make recommendations to improve their effectiveness or reduce expenses;
G. perform internal audit examinations in accordance with a charter adopted by the Investment Company;
H. develop and recommend changes in the investment strategy and operation of the Investment Company, that may be in the interest of its Shareholders;
I. provide individuals reasonably acceptable to the Board for nomination, appointment, or election as the following officers of the Investment Company, who will be responsible for the management of certain of the Investment Company's affairs as specified in the Investment Company's charter documents and by-laws, subject to direction by the Investment Company’s Board: (i) the president and principal executive officer, (ii) the treasurer and principal financial and accounting officer; (iii) the secretary, and (iv) such other officers as are mutually agreeable;
J. subject to the Board’s direction, coordinate meetings of the Board (and its committees), including: (i) the creation of notices, agendas, legal memoranda and administrative reports, and (ii) the review and compilation of other materials prepared by the Investment Company’s adviser, distributor, portfolio accountant, custodian, transfer agent, auditor, independent counsel or other service providers to support the Board’s discussions and actions taken;
K. evaluate and obtain custody services from a financial institution that meets the requirements of the 1940 Act;
L. monitor trading activity to help identify market timers and recommend policies to deter market timing;
M. review and recommend changes to the transfer agent’s policies and procedures to mitigate fraud, enhance Shareholder services or reduce expenses;
N. review and recommend changes to policies and procedures designed to reduce Fund expenses;
O. monitor changes in applicable regulations and make corresponding changes in, or develop new, policies and procedures for the Fund or for the applicable service provider;
P. compare, as applicable, the fund accountant’s calculation of the Investment Company’s net asset value, yield, average maturity, dividends and total assets with the fund accountant’s previous calculations and with changes in the relevant securities market on a daily basis for reasonableness of changes;
Q. evaluate and recommend the pricing services used by the Investment Company; participate in the fair valuation of portfolio securities as required by the Investment Company’s fair valuation procedures; review and recommend changes to the Investment Company’s fair valuation procedures;
R. compare the fund accountant’s calculations of the Investment Company’s distribution pool balances with the fund accountant’s previous calculations for reasonableness of changes;
S. perform weekly comparison, as applicable, of the fund accountant’s amortized cost monitor with the previous amortized cost monitor for reasonableness of changes to the net asset value calculation; notify designated parties, as necessary, of deviations in compliance with the Investment Company’s Rule 2a-7 procedures;
T. perform monthly comparison of the fund accountant’s performance calculations and projected annual fund expenses with previous calculations and projections for reasonableness of changes;
U. review fund expense reports prepared by the fund accountant;
V. compare the fund accountant’s calculation of dividend and capital gains recommendations with previous recommendations for reasonableness of changes; consult with portfolio managers concerning fixed dividend recommendations;
W. review the fund accountant’s calculation of shareholder tax reports at least annually;
X. monitor the Investment Company’s status as a regulated investment company under the Internal Revenue Code of 1986, as amended (“IRC”);
Y. prepare, review and negotiate standard forms of indentures, guarantees, agreements, certificates, confirmations and other documentation relating to the legal terms of securities eligible for purchase by money market funds, provided that the Company shall not have any obligation to: (i) provide any written legal opinions regarding such securities or (ii) prepare, review or negotiate any document for which a standard form has not been developed and accepted for use by the investment company industry;
Z. provide office space, telephone, office equipment and supplies for the Investment Company; and
AA. respond to all inquiries or other communications from Shareholders and other parties or, if the inquiry is more properly responded to by another of the Investment Company’s service providers, referring the individual making the inquiry to the appropriate person.
BB. See Amd. #1, dated 7/1/04
CC. See Amd. #2, dated 9/1/049/1/04 The foregoing, along with any additional services that the Company shall agree in writing to perform for the Investment Company shall hereinafter be referred to as "Administrative Services."
Appears in 1 contract
Samples: Administrative Services Agreement (Federated World Investment Series Inc)
THE COMPANY'S DUTIES. As Administrator, and subject to the supervision and control of the Investment Company’s 's Board of Trustees/Directors (the “"Board”"), the Company will provide facilities, equipment, and personnel to carry out the following administrative services for operation of the business and affairs of the Investment Company and each of its FundsFunds as applicable:
A. prepare, file, and maintain the Investment Company's governing documents and any amendments thereto, including the charter documents, the by-laws and minutes of meetings of the Board, Board Committees and Shareholders;
B. prepare and file with the Securities and Exchange Commission (the “"SEC”") and the appropriate state securities authorities: (i) the registration statements for the Investment Company and the Investment Company's Shares and all amendments thereto, (ii) reports to the SEC and shareholders, (iii) prospectuses, (iv) routine proxy statements; and (v) such other documents all as may be necessary to enable the Investment Company to continuously offer its shares;
C. prepare and administer contracts on behalf of the Investment Company with, among others, the Investment Company's investment advisers, sub-advisers, fund accountants, custodians, transfer agents and distributors, subject to any terms and conditions established by the Board and the requirements of the 1940 Act;
D. negotiate and secure for the Investment Company and its directors and officers: (i) a fidelity bond in an amount that is at least adequate to satisfy the requirements of the 1940 Act, (ii) directors and officer’s 's coverage and (iii) professional liability or errors and omissions coverage, in each case, under terms that are acceptable to the Board;
E. prepare and file the Investment Company's tax returns;
F. coordinate the layout, printing and electronic delivery of publicly disseminated prospectuses and shareholder reports, make recommendations to improve their effectiveness or reduce expenses;
G. perform internal audit examinations in accordance with a charter adopted by the Investment Company;
H. develop and recommend changes in the investment strategy and operation of the Investment Company, that may be in the interest of its Shareholders;
I. provide individuals reasonably acceptable to the Board for nomination, appointment, or election as the following officers of the Investment Company, who will be responsible for the management of certain of the Investment Company's affairs as specified in the Investment Company's charter documents and by-laws, subject to direction by the Investment Company’s 's Board: (i) the president and principal executive officer, (ii) the treasurer and principal financial and accounting officer; (iii) the secretary, and (iv) such other officers as are mutually agreeable;
J. subject to the Board’s 's direction, coordinate meetings of the Board (and its committees), including: (i) the creation of notices, agendas, legal memoranda and administrative reports, and (ii) the review and compilation of other materials prepared by the Investment Company’s 's adviser, distributor, portfolio accountant, custodian, transfer agent, auditor, independent counsel or other service providers to support the Board’s 's discussions and actions taken;
K. evaluate and obtain custody services from a financial institution that meets the requirements of the 1940 Act;
L. monitor trading activity to help identify market timers and recommend policies to deter market timing;
M. review and recommend changes to the transfer agent’s 's policies and procedures to mitigate fraud, enhance Shareholder services or reduce expenses;
N. review and recommend changes to policies and procedures designed to reduce Fund expenses;
O. monitor changes in applicable regulations and make corresponding changes in, or develop new, policies and procedures for the Fund or for the applicable service provider;
P. compare, as applicable, the fund accountant’s 's calculation of the Investment Company’s 's net asset value, yield, average maturity, dividends and total assets with the fund accountant’s 's previous calculations and with changes in the relevant securities market on a daily basis for reasonableness of changes;
Q. evaluate and recommend the pricing services used by the Investment Company; participate in the fair valuation of portfolio securities as required by the Investment Company’s 's fair valuation procedures; review and recommend changes to the Investment Company’s 's fair valuation procedures;
R. compare the fund accountant’s 's calculations of the Investment Company’s 's distribution pool balances with the fund accountant’s 's previous calculations for reasonableness of changes;
; S. perform weekly comparison, as applicable, of the fund accountant’s 's amortized cost monitor with the previous amortized cost monitor for reasonableness of changes to the net asset value calculation; notify designated parties, as necessary, of deviations in compliance with the Investment Company’s 's Rule 2a-7 procedures;
T. perform monthly comparison of the fund accountant’s 's performance calculations and projected annual fund expenses with previous calculations and projections for reasonableness of changes;
; U. review fund expense reports prepared by the fund accountant;
V. compare the fund accountant’s 's calculation of dividend and capital gains recommendations with previous recommendations for reasonableness of changes; consult with portfolio managers concerning fixed dividend recommendations;
W. review the fund accountant’s calculation of shareholder tax reports at least annually;
X. monitor the Investment Company’s status as a regulated investment company under the Internal Revenue Code of 1986, as amended (“IRC”);
Y. prepare, review and negotiate standard forms of indentures, guarantees, agreements, certificates, confirmations and other documentation relating to the legal terms of securities eligible for purchase by money market funds, provided that the Company shall not have any obligation to: (i) provide any written legal opinions regarding such securities or (ii) prepare, review or negotiate any document for which a standard form has not been developed and accepted for use by the investment company industry;
Z. provide office space, telephone, office equipment and supplies for the Investment Company; and
AA. respond to all inquiries or other communications from Shareholders and other parties or, if the inquiry is more properly responded to by another of the Investment Company’s service providers, referring the individual making the inquiry to the appropriate person.
BB. See Amd. #1, dated 7/1/04
CC. See Amd. #2, dated 9/1/04
Appears in 1 contract
Samples: Administrative Services Agreement (Federated Core Trust Ii)
