Common use of Unclaimed Property Services Clause in Contracts

Unclaimed Property Services. (A) The Fund acknowledges and agrees that it is the holder of all property and assets in the accounts of its shareholders and in the Fund’s Service Accounts (“UPL Property”), that the Fund is solely and exclusively responsible for determining the applicability to the Fund and the UPL Property of the unclaimed property, abandoned property , escheat or similar laws, regulations or administrative provisions of all applicable legal jurisdictions (“Unclaimed Property Laws”) and that, as between the Fund and BNYM, the Fund possesses the sole and exclusive responsibility to comply with all applicable Unclaimed Property Laws and BNYM possesses no such responsibility. As between BNYM and the Fund, the Fund shall have the sole and exclusive obligation to sign reports, to sign letters, to communicate with government representatives, current and former shareholders and other appropriate third parties and otherwise to act in all manners on behalf of and in the name of the Fund with respect to Fund’s compliance with the Unclaimed Property Laws.

Unclaimed Property Services. (A) The Fund acknowledges and agrees that it is the holder of all property and assets in the accounts of its shareholders and in the Fund’s Service Accounts (“UPL Property”), that the Fund is solely and exclusively responsible for determining the applicability to the Fund and the UPL Property of the unclaimed property, abandoned property property, escheat or similar laws, regulations or administrative provisions of all applicable legal jurisdictions (“Unclaimed Property Laws”) and that, as between the Fund and BNYM, the Fund possesses the sole and exclusive responsibility to comply with all applicable Unclaimed Property Laws and BNYM possesses no such responsibility. As between BNYM and the Fund, the Fund shall have the sole and exclusive obligation to sign reports, to sign letters, to communicate with government representatives, current and former shareholders and other appropriate third parties and otherwise to act in all manners on behalf of and in the name of the Fund with respect to Fund’s compliance with the Unclaimed Property Laws.