Common use of Unclaimed Property Services Clause in Contracts

Unclaimed Property Services. (A) Subject to the further provisions of this Section 3(a)(15) and to Sections 9(f) and 19(c), BNYM shall employ commercially reasonable measures to comply on behalf of a Fund with the unclaimed property laws and regulations of the States and Territories of the United States (as defined below) (“Unclaimed Property Laws”) with respect to Eligible Property (as defined below). In connection with its performance of the foregoing services (“Unclaimed Property Services”), BNYM and its subcontractors shall be entitled to rely on the advice of counsel with respect to the interpretation of and compliance with the Unclaimed Property Laws and interaction with the agencies enforcing and administering the Unclaimed Property Laws and neither shall not be liable for conduct undertaken in accordance with such advice. For purposes of the foregoing:

Appears in 5 contracts

Samples: Transfer Agency and Shareholder Services Agreement (Motley Fool Funds Trust), Transfer Agency and Shareholder Services Agreement (Motley Fool Funds Trust), Transfer Agency and Shareholder Services Agreement (Metropolitan West Funds)

AutoNDA by SimpleDocs

Unclaimed Property Services. (A) Subject to the further provisions of this Section 3(a)(15) and to Sections 9(f) and 19(c), BNYM shall employ commercially reasonable measures to comply on behalf of a Fund with the unclaimed property laws and regulations of the States and Territories of the United States (as defined below) (“Unclaimed Property Laws”) with respect to Eligible Property (as defined below). In connection with its performance of the foregoing services (“Unclaimed Property Services”), BNYM and its subcontractors shall be entitled to rely on the advice of counsel with respect to the interpretation of and compliance with the Unclaimed Property Laws in accordance with Section 11(j) and interaction on communications with the agencies enforcing and administering the Unclaimed Property Laws and neither shall not be liable for reasonable conduct undertaken in accordance with such adviceadvice or communications. For purposes of the foregoing:

Appears in 2 contracts

Samples: Transfer Agency and Shareholder Services Agreement (Manning & Napier Fund, Inc /Ny/), Draft Transfer Agency and Shareholder Services Agreement (Manning & Napier Fund, Inc /Ny/)

AutoNDA by SimpleDocs

Unclaimed Property Services. (A) Subject to the further provisions of this Section 3(a)(15) and to Sections 9(f) and 19(c), BNYM shall employ commercially reasonable measures to comply on behalf of a the Fund with the unclaimed property laws and regulations of the States and Territories of the United States (as defined below) (“Unclaimed Property Laws”) with respect to Eligible Property (as defined below). In connection with its performance of the foregoing services (“Unclaimed Property Services”), BNYM and its subcontractors shall be entitled to rely on the advice of counsel with respect to the interpretation of and compliance with the Unclaimed Property Laws and interaction with the agencies enforcing and administering the Unclaimed Property Laws and neither shall not be liable for conduct undertaken in accordance with such advice. For purposes of the foregoing:

Appears in 1 contract

Samples: Shareholder Services Agreement (EGA Frontier Diversified Core Fund)

Time is Money Join Law Insider Premium to draft better contracts faster.