Will. (1) use its best efforts to identify each position in the Portfolios that constitutes stock in a Passive Foreign Investment Company ("PFIC"), as that term is defined in Section 1296 of the Internal Revenue Code, and (2) make such determinations and inform Pacific Life at least annually, (or more often and by such date(s) as Pacific Life shall request), of any stock in a PFIC.
Appears in 3 contracts
Samples: Portfolio Management Agreement (Pacific Select Fund), Management Agreement (Pacific Select Fund), Portfolio Management Agreement (Pacific Select Fund)
Will. (1) use its best efforts to identify each position in the Portfolios Fund that constitutes stock in a Passive Foreign Investment Company ("PFIC"), as that term is defined in Section 1296 of the Internal Revenue Code, and (2) make such determinations and inform Pacific Life at least annually, (or more often and by such date(s) as Pacific Life shall request), of any stock in a PFIC.
Appears in 2 contracts
Samples: Management Agreement (Pacific Funds), Fund Management Agreement (Pacific Funds)
