Third Party Proxy Provider Clause Samples
The Third Party Proxy Provider clause designates an external entity to act as an intermediary or representative on behalf of one or more parties in a contractual relationship. This clause typically outlines the scope of authority granted to the proxy provider, such as handling communications, managing transactions, or facilitating compliance with certain obligations. By clearly defining the role and responsibilities of the third party, the clause helps ensure smooth coordination and accountability, reducing the risk of misunderstandings or disputes between the primary parties.
Third Party Proxy Provider. BNY Mellon shall assist the Fund in obtaining competitive bids for proxy services. Proxy services shall be provided by a third party. The Fund understands and agrees that BNY Mellon bears no responsibility for the provision of any proxy services or the manner in which any proxy services are provided, that BNY Mellon will not be considered the Fund’s agent in connection with the provision of any proxy services, and that any party providing proxy services to the Fund shall not be considered to be the agent of BNY Mellon or to have any other relationship with BNY Mellon with respect to such services. Such proxy services, which will be decided upon solely between the Fund and the third party provider, shall include proxy mailing, receiving and tabulating proxy cards for the meetings of the Fund’s shareholders, communicating to the Fund daily and final results of such tabulation accompanied by appropriate certificates, and preparing and furnishing to the Fund certified lists of shareholders as of such date, and in such form and containing such information as may be required by the Fund to comply with any applicable provisions of law or its Declaration of Trust and/or By-Laws relating to such meetings. Notwithstanding the foregoing provisions of this Subsection (f), BNY Mellon shall furnish to the third-party proxy provider such information as is reasonably requested by such provider pertaining to shareholder registration information and record-date share positions to permit the Fund to obtain the benefits of the services necessary for conduct of its shareholder meetings.