Fund Accountant definition
Fund Accountant means U.S. Bancorp Fund Services LLC
Fund Accountant represents and warrants that: (1) the various procedures and systems which Fund Accountant has implemented with regard to safeguarding from loss or damage attributable to fire, theft, or any other cause the records, and other data of the Company and Fund Accountant's records, data, equipment facilities and other property used in the performance of its obligations hereunder are adequate and that it will make such changes therein from time to time as are required for the secure performance of its obligations hereunder, and (2) this Agreement has been duly authorized by Fund Accountant and, when executed and delivered by Fund Accountant, will constitute a legal, valid and binding obligation of Fund Accountant, enforceable against Fund Accountant in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties.
Fund Accountant means the person appointed by the Company who performs the daily calculations of the net asset values of the Portfolios and determines the amount of cash available in each Portfolio on a daily basis for investment. The Fund Accountant shall be identified to the Custodian in writing.
Examples of Fund Accountant in a sentence
The undersigned understands that in the course of its employment as Fund Accountant to each fund listed on Appendix A (as amended from time to time) to that certain Custodian Agreement dated as of January 28, 1998 (the “Fund”), it will have access to State Street Bank and Trust Company’s Multicurrency HORIZON Accounting System and other information systems (collectively, the “System”).
All computer programs and procedures developed to perform services required to be provided by Fund Accountant under this Agreement are the property of Fund Accountant.
Fund Accountant assumes no responsibility hereunder, and shall not be liable, for any damage, loss of data, delay or any other loss whatsoever caused by events beyond its reasonable control.
Sub-Adviser will provide to the Custodian and Fund Accountant on each business day, information relating to all transactions in the Managed Assets and will provide such information to Fund Parties upon request.
Sub-Adviser will make all reasonable efforts to notify Custodian and Fund Accountant of all orders to brokers for the Managed Assets by 9:00 am EST on the day following the trade date and will affirm the trade to the Custodian and Fund Accountant before the close of business one business day after the trade date.
More Definitions of Fund Accountant
Fund Accountant shall include directors, officers, employees and other agents of Fund Accountant as well as Fund Accountant itself.). Without limiting the generality of the foregoing or of any other provision of this Agreement, (i) Fund Accountant shall not be liable for losses beyond its reasonable control, provided that Fund Accountant has acted in accordance with the standard of care set forth above; and (ii) Fund Accountant shall not be liable for the validity or invalidity or authority or lack thereof of any instruction, notice or other instrument that Fund Accountant reasonably believes to be genuine and to have been signed or presented by a duly authorized representative of the Trust (other than an employee or other affiliated person of Fund Accountant who may otherwise be named as an authorized representative of the Trust for certain purposes). The Trust agrees to indemnify and hold harmless Fund Accountant from and against any and all actions, suits, claims, losses, damages, costs, charges, reasonable counsel fees and disbursements, payments, expenses and liabilities (including reasonable investigation expenses) (collectively, "Losses") arising directly or indirectly out of any action or omission to act which Fund Accountant takes (i) at the request or on the direction of or in reliance on the reasonable advice of the Trust or (ii) upon any instruction, notice or other instrument that Fund Accountant reasonably believes to be genuine and to have been signed or presented by a duly authorized representative of the Trust (other than an employee or other affiliated person of Fund Accountant who may otherwise be named as an authorized representative of the Trust for certain purposes) or (iii) on its own initiative, in good faith and in accordance with the standard of care set forth herein, in connection with the performance of its duties or obligations hereunder. Fund Accountant shall not be indemnified against or held harmless from any Losses arising directly or indirectly out of Fund Accountant's own willful misfeasance, bad faith, negligence in the performance of its duties, or reckless disregard of its obligations and duties hereunder; provided, however, that the Trust shall have no obligation to indemnify or reimburse Fund Accountant under this Section 7 to the extend that Fund Accountant is entitled to reimbursement or indemnification for such Losses under any liability insurance policy described in this Agreement or otherwise.
Fund Accountant shall include directors, officers, employees and other agents of Fund Accountant or of any subcontractor of Fund Accountant as well as Fund Accountant itself and any such subcontractor.) Without limiting the generality of the foregoing or any other provision of this Agreement, (i) Fund Accountant shall not be liable for losses beyond its reasonable control, provided that Fund Accountant has acted in accordance with the standard of care set forth above; and (ii) Fund Accountant shall not be liable for the validity or invalidity or authority or lack thereof of any instruction, notice or other instrument that Fund Accountant reasonably believes to be genuine and to have been signed or presented by a duly authorized representative of the Fund (other than an employee or other affiliated persons of Fund Accountant who may otherwise be named as an authorized representative of the Fund for certain purposes). Fund Accountant may apply to the Fund at any time for instructions and may consult with counsel for the Fund or its own counsel and with accountants and other experts with respect to any matter arising in connection with Fund Accountant's duties hereunder, and Fund Accountant shall not be liable or accountable for any action taken or omitted by it in good faith in accordance with instruction or with the reasonable opinion of counsel for the Fund, Fund accountants or other experts retained by the Fund qualified to render such opinion.
Fund Accountant. The term "Fund Accountant" shall mean FFC or any successor thereto that is responsible for calculating each Funds' net asset value and maintaining its accounting books and records.
Fund Accountant shall maintain customary records in connection with its duties as specified in this Agreement. Fund Accountant acknowledges and agrees that any records required to be maintained and preserved pursuant to applicable laws and regulations which are prepared or maintained by Fund Accountant on behalf of the Trust shall be prepared and maintained at the expense of Fund Accountant, but shall be the property of the Trust and will be made available to or surrendered promptly to the Trust on request; provided that, in connection with the termination of this Agreement, such records shall be surrendered to the Trust or its designee promptly following the date of such termination or at such other time that is reasonably requested by the Trust.
Fund Accountant shall maintain a fidelity bond covering larceny and embezzlement and an insurance policy with respect to directors and officers errors and omissions coverage in amounts that are appropriate in light of its duties and responsibilities hereunder. Fund Accountant shall notify the Trust should any of its insurance coverage be canceled or reduced. Such notification shall include the date of change and the reasons therefor. Fund Accountant shall notify the Trust of any material claims against it with respect to services performed under this Agreement, whether or not they may be covered by insurance, and shall notify the Trust from time to time as may be appropriate of the total outstanding claims made by Fund Accountant under its insurance coverage.
Fund Accountant means FFC or any successor thereto that is responsible for calculating each Funds' net asset value and maintaining its accounting books and records.
Fund Accountant shall include directors, officers, employees and other agents of Fund Accountant as well as Fund Accountant itself.) The Fund and its officers, employees, shareholders and agents shall not be liable for, and Fund Accountant shall indemnify and hold the Fund harmless from and against, any and all claims made by third parties, including costs, expenses (including reasonable attorneys' fees), losses, damages, charges, payments and liabilities of any sort or kind, which result from a negligent act, or omission to act, or bad faith by Fund Accountant in the performance of its duties hereunder.