AGREEMENT
Exhibit 28(h) 28 under Form N-1A
Exhibit 10 under Item 601/Reg. S-K
Portfolio name changed to Tax-Free Money Market Fund – 1/1/10
AGREEMENT
for
TRANSFER AGENCY SERVICES
AGREEMENT made as of the 1st day of November, 1998, by and between Tax-Free Instruments Trust having its principal office and place of business at Federated Investors Funds, 0000 Xxxxxxxxx Xxxxx, Xxxxxxxxxx, Xxxxxxxxxxxx 00000-0000 (the “Fund”) and Xxxxxx X. Xxxxx & Co., L.P. a Missouri limited partnership, having its principal office and place of business at 00000 Xxxxxxxxxx Xxxx, Xx. Xxxxx, Xxxxxxxx 00000-0000 (the “Company”).
WHEREAS, the Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), with authorized and issued shares of beneficial interest;
WHEREAS, the Fund has previously appointed Federated Shareholder Services Company (“FSSC”) to be its transfer agent and dividend disbursing agent to provide it with transfer agency services;
WHEREAS, the Fund desires to appoint the Company as a co-transfer agent with respect to the accounts of shareholders of the Fund where Company is also the broker/dealer of record and, along with FSSC, to otherwise act as transfer agent and dividend disbursing agent to provide it with transfer agency services (as herein defined) and agent in connection with certain other activities, and the Company desires to accept such appointment on the terms set forth herein;
NOW THEREFORE, in consideration of the premises and mutual covenants herein contained, and intending to be legally bound hereby, the parties hereto agree as follows:
Transfer Agency Services
Article 1. Terms of Appointment.
Subject to the terms and conditions set forth in this Agreement, the Fund hereby appoints the Company to act as, and the Company agrees to act as, transfer agent and dividend disbursing agent with respect to the Fund’s shares of beneficial interest held in accounts where the Company is also the broker/dealer of record (the “Shares”), and agent in connection with any accumulation, open-account or similar plans provided to the shareholders of any Fund “Shareholder(s)”), including without limitation any periodic investment plan or periodic withdrawal program.
Article 2. Duties of the Company.
The Company shall perform, or cause to be performed, the following services in accordance with Proper Instructions (herein after defined in Article 5) as may be provided from time to time by the Fund:
A. Purchases
(1) The Company shall receive orders and payment for the purchase of shares and promptly deliver payment and appropriate documentation therefore to the custodian of the relevant Fund, (the “Custodian”). The Company shall notify the Fund and the Custodian on a daily basis of the total amount of orders and payments so delivered.
(2) Pursuant to purchase orders and in accordance with the Fund's current Prospectus, the Company shall compute and issue the appropriate number of Shares of the Fund and/or Class and hold such Shares in the appropriate Shareholder accounts.
(3) In the event that any check or other order for the purchase of Shares of the Fund and/or Class is returned unpaid for any reason, the Company shall debit the Share account of the Shareholder by the number of Shares that had been credited to its account upon receipt of the check or other order, promptly mail a debit advice to the Shareholder, and notify the Fund and/or Class of its action. In the event that the amount paid for such Shares exceeds proceeds of the redemption of such Shares plus the amount of any dividends paid with respect to such Shares, the Fund and/the Class or its distributor will reimburse the Company on the amount of such excess.
B. Distribution
(1) Upon notification by the Fund of the declaration of any distribution to Shareholders, the Company shall act as Dividend Disbursing Agent for the Fund in accordance with the provisions of its governing document and the then-current Prospectus of the Fund. The Company shall prepare and mail or credit income, capital gain, or any other payments to Shareholders. As the Dividend Disbursing Agent, the Company shall, on or before the payment date of any such distribution, notify the Custodian of the estimated amount required to pay any portion of said distribution which is payable in cash and request the Custodian to make available sufficient funds for the cash amount to be paid out. The Company shall reconcile the amounts so requested and the amounts actually received with the Custodian on a daily basis. If a Shareholder is entitled to receive additional Shares by virtue of any such distribution or dividend, appropriate credits shall be made to the Shareholder's account; and
(2) The Company shall maintain records of account for the Fund and Class and advise the Fund, the Fund and Class and its Shareholders as to the foregoing.
C. Redemptions and Transfers
(1) The Company shall receive redemption requests and redemption directions and, if such redemption requests comply with the procedures as may be described in the Fund Prospectus or set forth in Proper Instructions, deliver the appropriate instructions therefor to the Custodian. The Company shall notify the Fund on a daily basis of the total amount of redemption requests processed and monies paid to the Company by the Custodian for redemptions.
(2) Upon receiving redemption proceeds from the Custodian with respect to any redemption, the Company shall pay or cause to be paid the redemption proceeds in the manner instructed by the redeeming Shareholders, pursuant to procedures described in the then-current Prospectus of the Fund.
(3) If any certificate returned for redemption or other request for redemption does not comply with the procedures for redemption approved by the Fund, the Company shall promptly notify the Shareholder of such fact, together with the reason therefor, and shall effect such redemption at the price applicable to the date and time of receipt of documents complying with said procedures.
(4) The Company shall effect transfers of Shares by the registered owners thereof.
(5) The Company shall identify and process abandoned accounts for state escheatment requirements on an annual basis and report such actions to the Fund.
D. Recordkeeping
(1) The Company shall record the issuance of Shares of each Fund, and/or Class, and maintain pursuant to applicable rules of the Securities and Exchange Commission (“SEC”) a record of the total number of Shares of the Fund and/or Class which are authorized, based upon data provided to it by the Fund, and issued and outstanding. The Company shall also provide the Fund on a regular basis or upon reasonable request with the total number of Shares which are authorized and issued and outstanding, but shall have no obligation when recording the issuance of Shares, except as otherwise set forth herein, to monitor the issuance of such Shares or to take cognizance of any laws relating to the issue or sale of such Shares, which functions shall be the sole responsibility of the Fund.
(2) The Company shall establish and maintain records pursuant to applicable rules of the SEC relating to the services to be performed hereunder in the form and manner as agreed to by the Fund to include a record for each Shareholder's account of the following:
(a) Name, address and tax identification number (and whether such number has been certified);
(b) Number of Shares held;
(c) Historical information regarding the account, including dividends paid and date and price for all transactions;
(d) Any freeze, stop-transfer or restraining order placed against the account;
(e) Information with respect to withholding in the case of a foreign account or an account for which withholding is required by the Internal Revenue Code;
(f) Any dividend reinvestment order, plan application, dividend address and correspondence relating to the current maintenance of the account;
(g) Certificate numbers and denominations for any Shareholder holding certificates;
(h) Any information required in order for the Company to perform the calculations contemplated or required by this Agreement.
(3) The Company shall preserve any such records required to be maintained pursuant to the rules of the SEC for the periods prescribed in said rules as specifically noted below. Such record retention shall be at the expense of the Company, and such records may be inspected by the Fund at reasonable times. The Company may, at its option at any time, and shall forthwith upon the Fund's demand, turn over to the Fund and cease to retain in the Company's files, records and documents created and maintained by the Company pursuant to this Agreement, which are no longer needed by the Company in performance of its services or for its protection. If not so turned over to the Fund, such records and documents will be retained by the Company for six years from the year of creation, during the first two of which such documents will be in readily accessible form. At the end of the six year period, such records and documents will either be turned over to the Fund or destroyed in accordance with Proper Instructions.
E. Confirmations/Reports
(1) The Company shall furnish to the Fund periodically the following information:
(a) A copy of the transaction register;
(b) Dividend and reinvestment blotters;
(c) The total number of Shares issued and outstanding in each state for “blue sky” purposes as determined according to Proper Instructions delivered from time to time by the Fund to the Company;
(d) Shareholder lists and statistical information; and
(e) Such other information as may be agreed upon from time to time.
(2) The Company shall prepare in the appropriate form, file with the Internal Revenue Service and appropriate state agencies, and, if required, mail to Shareholders, such notices for reporting dividends and distributions paid as are required to be so filed and mailed and shall withhold such sums as are required to be withheld under applicable federal and state income tax laws, rules and regulations.
(3) In addition to and not in lieu of the services set forth above, the Company shall:
(a) Perform all of the customary services of a transfer agent, dividend disbursing agent and, as relevant, agent in connection with accumulation, open-account or similar plans (including without limitation any periodic investment plan or periodic withdrawal program), including but not limited to: maintaining all Shareholder accounts with respect to the Shares, mailing Shareholder reports and Prospectuses to current Shareholders, withholding taxes on accounts subject to back-up or other withholding (including non-resident alien accounts), preparing and filing reports on U.S. Treasury Department Form 1099 and other appropriate forms required with respect to dividends and distributions by federal authorities for all Shareholders, preparing and mailing confirmation forms and statements of account to Shareholders for all purchases and redemptions of Shares and other conformable transactions in Shareholder accounts, preparing and mailing activity statements for Shareholders, and providing Shareholder account information; and
(b) provide a system which will enable the Fund to monitor the total number of Shares of the Fund (and/or each Class of the Fund) sold in each state (“blue sky reporting”). The Fund shall by Proper Instructions (i) identify to the Company those transactions and assets to be treated as exempt from the blue sky reporting for each state and (ii) verify the classification of transactions for each state on the system prior to activation and thereafter monitor the daily activity for each state. The responsibility of the Company for each Fund's (and/or Class's) state blue sky registration status is limited solely to the recording of the initial classification of transactions or accounts with regard to blue sky compliance and the reporting of such transactions and accounts to the Fund as provided above.
F. Other Duties
(1) The Company shall answer correspondence from Shareholders relating to their Share accounts and such other correspondence as may from time to time be addressed to the Company;
(2) The Company shall prepare Shareholder meeting lists, mail proxy statements and cards and other material supplied to it by the Fund in connection with Shareholder meetings of the Fund; receive, examine and tabulate returned proxies, and certify the vote of the Shareholders;
(3) The Company shall establish and maintain facilities and procedures for safekeeping of check forms and facsimile signature imprinting devices, if any; and for the preparation or use, and for keeping account of, such forms and devices.
The foregoing, along with any additional services that the Company shall agree in writing to perform for the Fund under this Article Two, shall hereafter be referred to as "Transfer Agency Services."
Article 3. Duties of the Fund.
A. Compliance
The Fund shall assume full responsibility for the preparation, contents and distribution of their own and/or their classes' Prospectus and for complying with all applicable requirements of the Securities Act of 1933, as amended (the “1933 Act”), the 1940 Act and any laws, rules and regulations of government authorities having jurisdiction.
B. Distributions
The Fund shall promptly inform the Company of the declaration of any dividend or distribution on account of any Fund's shares.
Article 4. Compensation and Expenses.
A. Annual Fee
For performance by the Company pursuant to this Agreement, the Fund agrees to pay the Company an annual maintenance fee for each Shareholder account as agreed upon between the parties and as may be added to or amended from time to time. Such fees may be changed from time to time subject to written agreement between the Fund and the Company. Pursuant to information in the Fund Prospectus or other information or instructions from the Fund, the Company may sub-divide any Fund into Classes or other sub-components for recordkeeping purposes. The Company will charge the Fund the same fees for each such Class or sub-component the same as if each were a Fund.
B. Reimbursements
In addition to the fee paid under Article 4A above, the Fund agrees to reimburse the Company for out-of-pocket expenses or advances incurred by the Company for the items agreed upon between the parties, as may be added to or amended from time to time. In addition, any other expenses incurred by the Company at the request or with the consent of the Fund, will be reimbursed by the Fund.
C. Payment
The compensation and out-of-pocket expenses shall be accrued by the Fund and shall be paid to the Company no less frequently than monthly, and shall be paid daily upon request of the Company. The Company will maintain detailed information about the compensation and out-of-pocket expenses by Fund and Class.
D. Any schedule of compensation agreed to hereunder, as may be adjusted from time to time, shall be dated and signed by a duly authorized officer of the Fund and a duly authorized officer of the Company.
General Provisions.
Article 5. Proper Instructions.
As used throughout this Agreement, a “Proper Instruction” means a writing signed or initialed by one or more person or persons as the Board shall have from time to time authorized. Each such writing shall set forth the specific transaction or type of transaction involved. Oral instructions will be deemed to be Proper Instructions if (a) the Company reasonably believes them to have been given by a person previously authorized in Proper Instructions to give such instructions with respect to the transaction involved, and (b) the Fund, and the Company promptly cause such oral instructions to be confirmed in writing. Proper Instructions may include communications effected directly between electro-mechanical or electronic devices provided that the Fund, and the Company are satisfied that such procedures afford adequate safeguards for the Fund's assets. Proper Instructions may only be amended in writing.
Article 6. Assignment.
Except as provided below, neither this Agreement nor any of the rights or obligations under this Agreement may be assigned by either party without the written consent of the other party. This Agreement shall inure to the benefit of and be binding upon the parties and their respective permitted successors and assigns.
Article 7. Documents.
A. In connection with the appointment of the Company under this Agreement, the Fund shall file with the Company the following documents:
(1) A copy of the Charter and By-Laws of the Fund and all amendments thereto;
(2) A copy of the resolution of the Board of the Fund authorizing this Agreement;
(3) All account application forms and other documents relating to Shareholders accounts; and
(4) A copy of the current Prospectus for each Fund.
B. The Fund will also furnish from time to time the following documents:
(1) The resolution of the Board of the Fund authorizing the original issuance of each Fund's, and/or Class's Shares;
(2) The Registration Statement filed with the SEC and amendments thereof and orders relating thereto in effect with respect to the sale of Shares of any Fund, and/or Class;
(3) A certified copy of each amendment to the governing document and the By-Laws of the Fund;
(4) Certified copies of each vote of the Board authorizing officers to give Proper Instructions to the Custodian and agents for fund accountant, custody services procurement, and shareholder recordkeeping or transfer agency services;
(5) Such other certifications, documents or opinions which the Company may, in its discretion, deem necessary or appropriate in the proper performance of its duties; and
(6) Revisions to the Prospectus of each Fund.
C. The Company will provide copies of all insurance policies related to carrying out the Duties of the Company, and amendments thereto, all internal reviews performed on the transfer agency and notification/copies of regulatory inspections/correspondence and will furnish annually the following documents:
(1) its annual filing with the Securities and Exchange Commission on Form TA-2 and, to the extent performed in any given year, a report completed by independent public accountants in conformance with Statement on Auditing Standards #70;
(2) the Annual Study and Evaluation of Internal Accounting Control required under Rule 17Ad-13 of the Exchange Act; and
(3) its audited financial statements.
Article 8. Representations and Warranties.
A. Representations and Warranties of the Company
The Company represents and warrants to the Fund that:
(1) it is a limited partnership duly organized and existing and in good standing under the laws of the State of Missouri;
(2) It is duly qualified to carry on its business in each jurisdiction where the nature of its business requires such qualification, and in the State of Missouri;
(3) it is empowered under applicable laws and by its Partnership Agreement and By-Laws to enter into and perform this Agreement;
(4) all requisite corporate proceedings have been taken to authorize it to enter into and perform its obligations under this Agreement;
(5) it has and will continue to have access to the necessary facilities, equipment and personnel to perform its duties and obligations under this Agreement;
(6) it shall maintain appropriate insurance coverage in commercially reasonable amounts insuring against such risks as are appropriate in light of its obligations hereunder. No provision of this Agreement shall be construed to relieve an insurer of any obligation to pay claims to the Fund or the Company or other insured parties which would otherwise be a covered claim in the absence of any provision of this Agreement; and
(7) it is in compliance with federal securities law requirements and in good standing as a registered transfer agent.
B. Representations and Warranties of the Fund
The Fund represents and warrants to the Company that:
(1) It is an investment company duly organized and existing and in good standing under the laws of its state of organization;
(2) It is empowered under applicable laws and by its Declaration of Trust and By-Laws to enter into and perform its obligations under this Agreement;
(3) All corporate proceedings required by said Declaration of Trust and By-Laws have been taken to authorize it to enter into and perform its obligations under this Agreement;
(4) The Fund is an open-end investment company registered under the 1940 Act; and
(5) A registration statement under the 1933 Act will be effective, and appropriate state securities law filings have been made and will continue to be made, with respect to all Shares of each Fund being offered for sale.
Article 9. Standard of Care and Indemnification.
A. Standard of Care
The Company shall be held to a standard of reasonable care in carrying out the provisions of this Contract. The Company shall be entitled to rely on and may act upon advice of counsel (who may be counsel for the Fund) on all matters, and shall be without liability for any action reasonably taken or omitted pursuant to such advice, provided that such action is not in violation of applicable federal or state laws or regulations, and is in good faith and without negligence.
B. Indemnification by Fund
The Company shall not be responsible for and the Fund or Fund shall indemnify and hold the Company, including its officers, directors, shareholders and their agents, employees and affiliates, harmless against any and all losses, damages, costs, charges, counsel fees, payments, expenses and liabilities arising out of or attributable to:
(1) The acts or omissions of any Custodian, Adviser, Sub-adviser, Other Transfer Agent, or other party contracted by or approved by the Fund,
(2) The reliance on or use by the Company or its agents or subcontractors of information, records and documents in proper form which
(a) are received by the Company or its agents or subcontractors and furnished to it by or on behalf of the Fund, its Shareholders or investors regarding the purchase, redemption or transfer of Shares and Shareholder account information;
(b) are received by the Company from independent pricing services or sources for use in valuing the assets of the Funds; or
(c) are received by the Company or its agents or subcontractors from Advisers, Sub-advisers, Other Transfer Agent, or other third parties contracted by or approved by the Fund of Fund for use in the performance of services under this Agreement; or
(d) have been prepared and/or maintained by the Fund or its affiliates or any other person or firm on behalf of the Fund.
(3) The reliance on, or the carrying out by the Company or its agents or subcontractors of Proper Instructions of the Fund.
(4) The offer or sale of Shares in violation of any requirement under the federal securities laws or regulations or the securities laws or regulations of any state that such Shares be registered in such state or in violation of any stop order or other determination or ruling by any federal agency or any state with respect to the offer or sale of such Shares in such state, except to the extent that the Company fails to properly execute its duties to report shares sold.
The Company, however, shall not be protected by this Article 9.B. from liability for any act or omission resulting from the Company's willful misfeasance, bad faith, negligence or reckless disregard of its duties or failure to meet the standard of care set forth in 9.A. above.
C. Reliance
At any time the Company may apply to any officer of the Fund for instructions, and may consult with legal counsel with respect to any matter arising in connection with the services to be performed by the Company under this Agreement, and the Company and its agents or subcontractors shall not be liable and shall be indemnified by the Fund or the appropriate Fund for any action reasonably taken or omitted by it in reliance upon such instructions or upon the opinion of such counsel provided such action is not in violation of applicable federal or state laws or regulations.
D. Notification
In order that the indemnification provisions contained in this Article 9 shall apply, upon the assertion of a claim for which either party may be required to indemnify the other, the party seeking indemnification shall promptly notify the other party of such assertion, and shall keep the other party advised with respect to all developments concerning such claim. The party who may be required to indemnify shall have the option to participate with the party seeking indemnification in the defense of such claim. The party seeking indemnification shall in no case confess any claim or make any compromise in any case in which the other party may be required to indemnify it except with the other party's prior written consent.
Article 10. Term and Termination of Agreement.
The Agreement can be terminated by either party upon ninety days notice to be effective as of the end of such ninety day period. In the event, however, of willful misfeasance, bad faith, negligence or reckless disregard of its duties by the Company, the Fund has the right to terminate the Agreement upon 60 days written notice, if Company has not cured such willful misfeasance, bad faith, negligence or reckless disregard of its duties within 60 days. The termination date for all Funds which become a party to this Agreement shall be coterminous. Investment Companies that merge or dissolve during the Term, shall cease to be a party on the effective date of such merger or dissolution.
Should the Fund exercise its rights to terminate, all out-of-pocket expenses associated with the movement of records and materials will be borne by the Fund. Additionally, the Company reserves the right to charge for any other reasonable expenses associated with such termination. The provisions of Article 9 shall survive the termination of this Agreement.
Article 11. Inspection of Records.
Upon the request of the Fund or its representatives, Company shall provide copies of all records relating to the Fund as may reasonably be requested to enable the Fund or its representatives to (i) respond to the directors/trustees requests for information; (ii) monitor and review the services provided under this agreement; or (iii) comply with any request of a governmental body or self-regulatory organization. Company agrees that it will provide the fund or its representatives assurance from an independent auditor, upon request, that the fees are being charged in accordance with this agreement. Company will provide the Fund or its representatives with access to the books and records in its possession relating to the Shareholder accounts upon reasonable notice during normal business hours.
Article 12. Non-Exclusivity.
It is expressly understood and acknowledged that the services to the be provided by the Company for the Fund are non-exclusive, and that the Fund may retain the services of one or more other entities to provide similar transfer agency services contemplated in this Agreement (“Other Transfer Agents”).
Article 13. Conflicts.
In the event of a conflict between the Company and any Other Transfer Agent with respect to purchases, dividends, distributions and transfers, recordkeeping, confirmations, reports, or any other duty or responsibility contemplated in this Agreement, the Company undertakes that it will negotiate in good faith with any such Other Transfer Agent to resolve any such conflict. If the Company and any Other Transfer Agent fail to resolve any such conflict within a reasonable period of time under the circumstances, the Company agrees to participate in binding arbitration in accordance with the rules and procedures of the American Arbitration Association. In any event, the Company and any such Other Transfer Agent shall hold harmless and indemnify and hold the Fund, including its officers, directors, shareholders and their agents, employees and affiliates, harmless against any and all losses, damages, charges, counsel fees, payments, expenses and liabilities arising out of or attributable to any such conflict or discrepancy in records.
Article 14. Amendment.
This Agreement may be amended or modified by a written agreement executed by both parties.
Article 15. Interpretive and Additional Provisions.
In connection with the operation of this Agreement, the Company and the Fund may from time to time agree on such provisions interpretive of or in addition to the provisions of this Agreement as may in their joint opinion be consistent with the general tenor of this Agreement. Any such interpretive or additional provisions shall be in a writing signed by both parties and shall be annexed hereto, provided that no such interpretive or additional provisions shall contravene any applicable federal or state regulations or any provision of the Charter. No interpretive or additional provisions made as provided in the preceding sentence shall be deemed to be an amendment of this Agreement.
Article 16. Governing Law.
This Agreement shall be construed and the provisions hereof interpreted under and in accordance with the laws of the Commonwealth of Pennsylvania.
Article 17. Notices.
Except as otherwise specifically provided herein, Notices and other writings delivered or mailed postage prepaid to the Fund at Federated Investors Funds, 0000 Xxxxxxxxx Xxxxx, Xxxxxxxxxx, Xxxxxxxxxxxx 00000-0000, or to the Company at 00000 Xxxxxxxxxx Xxxx, Xx. Xxxxx, Xxxxxxxx 00000-0000, or to such other address as the Fund or the Company may hereafter specify, shall be deemed to have been properly delivered or given hereunder to the respective address.
Article 18. Counterparts.
This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original.
Article 19. Merger of Agreement.
This Agreement constitutes the entire agreement between the parties hereto and supersedes any prior agreement with respect to the subject hereof whether oral or written.
Article 20. Successor Agent.
If a successor agent for the Fund with respect to the Shares shall be appointed by the Fund, the Company shall upon termination of this Agreement deliver to such successor agent at the office of the Company all properties of the Fund held by it hereunder. If no such successor agent shall be appointed, the Company shall at its office upon receipt of Proper Instructions deliver such properties in accordance with such instructions.
In the event that no written order designating a successor agent or Proper Instructions shall have been delivered to the Company on or before the date when such termination shall become effective, then the Company shall have the right to deliver to a bank or trust company, which is a “bank” as defined in the 1940 Act, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $200,000,000, all properties held by the Company under this Agreement. Thereafter, such bank or trust company shall be the successor of the Company under this Agreement.
Article 21. Severability.
In the event any provision of this Agreement is held illegal, void or unenforceable, the balance shall remain in effect.
Article 22. Limitations of Liability of Trustees and Shareholders of the Fund.
The execution and delivery of this Agreement have been authorized by the Trustees of the Fund and signed by an authorized officer of the Fund, acting as such, and neither such authorization by such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, and the obligations of this Agreement are not binding upon any of the Trustees or Shareholders of the Fund, but bind only the property of the Fund, or Class, as provided in the Declaration of Trust.
Article 23. Year 2000 Compliance.
The Company has examined and tested its internal systems which have been developed to support the services outlined herein, and as of the date of this Agreement, has no knowledge of any situation or circumstance that will inhibit the system’s ability to provide the expected functions, or inhibit the Company’s ability to provide the expected services as a result of any business interruptions or other business problems relating to dates or days before, during, and after the year 2000. In connection with the foregoing, the Company has made reasonable inquiry of its business partners and other entities with whom it conducts business and has carefully considered the responses of those third-parties.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in their names and on their behalf under their seals by and through their duly authorized officers, as of the day and year first above written.
TAX-FREE INSTRUMENTS TRUST
By: /s/ Xxxxxx X. Xxxx
Name: Xxxxxx X. Xxxx
Title: Assistant Secretary
XXXXXX X. XXXXX & CO., L.P.
By: /s/ Xxxxxx Xxxxx
Name: Xxxxxx Xxxxx
Title: Principal, CFO
