Examples of Program Recordkeeper in a sentence
The applicable Owner may from time to time authorize a person or persons designated by Owner on a form provided by the Program Recordkeeper or available on the Program website (any such person,an “Interested Party”) to view such Owner’s Owner Account, Tuition Certificates and Distribution Account online and/or to receive copies of such Owner’s quarterly statements, and to make inquiries to the Program Recordkeeper regarding such statements.
The Program Recordkeeper will provide quarterly statements regarding cash and Tuition Certificates in an Owner Account and, when applicable, cash in a Distribution Account; the quarterly statement for the last calendar quarter following the purchase of Tuition Certificates with amounts in anOwner Account will list such Tuition Certificates and the percentages recorded on the applicable Tuition Schedule.
Except as otherwise provided by applicable law, the Trustee shall not be liable for any act or omission regarding its obligations under this Agreement made in good faith, without negligence, and in accordance with any instruction, direction, notice, report, election or other information delivered to it by the Program Recordkeeper pursuant to the Program Interface Agreement.
The Trustee shall, pursuant to procedures contained in the Program Interface Agreement, maintain Trust Accounts and such other accounts and information as the Trustee determines to be necessary, including, without limitation, records for each Investment Option as shall be necessary or appropriate to allow the Program Recordkeeper to reconcile on an aggregate basis its records of the amount of each Employer Plan in each Investment Option.
Except as otherwise authorized by the Trustee, any action by an Employer or a Participant pursuant to any of the provisions hereof shall be evidenced by an instrument in writing, a recorded telephonic direction or by other electronic means, as the case may be, or as otherwise required or permitted by the Program Recordkeeper and agreed to by the Trustee.
The Trustee shall be fully protected in, and shall not incur any liability by reason of its, acting upon any instruction, direction, notice, report, election or other information delivered by ABA RF or the Program Recordkeeper, any Employer, Participant or beneficiary, pursuant to procedures contained in the Program Interface Agreement, and reasonably believed by the Trustee to be genuine and to be signed or presented by the proper person or persons.
Except as otherwise authorized by the Trustee, any action by an Employer, a Participant or the trustees of a Participating Trust pursuant to any of the provisions hereof shall be evidenced by an instrument in writing, a recorded telephonic direction or by other electronic means, as the case may be, or as otherwise required or permitted by the Program Recordkeeper and agreed to by the Trustee.
The Trustee shall, pursuant to procedures contained in the Program Interface Agreement, maintain Trust Accounts and such other accounts and information as the Trustee determines to be necessary, including, without limitation, records for each Investment Option as shall be necessary or appropriate to allow the Program Recordkeeper to reconcile on an aggregate basis its records of the amount of each Participating Plan in each Investment Option.
In the event that Northern Trust has received a contribution that Northern Trust believes to be incorrect or invalid or instructions from the Program Recordkeeper that Northern Trust believes are incorrect or invalid, it shall use commercially reasonable efforts to contact the Program Recordkeeper to clarify or correct such contribution amount or instructions.
The Trustee shall furnish reasonable notice of the establishment of any such rules, or any changes therein, to the Program Recordkeeper.