RSMC definition
Examples of RSMC in a sentence
RSMC hereby assigns all of its right, title and interest in and under the Fund Agreement, and its duties and obligations under the Fund Agreement arising from the date hereof, to PFPC.
Where applicable, such records shall be maintained and preserved by RSMC for the periods and in the places required by Rules 17j-1 and 31a-2 under the 1940 Act.
Where applicable, such records shall be maintained by RSMC for the periods and in the places required by Rule 31a-2 under the 1940 Act.
RSMC agrees that it shall not seek satisfaction of any such obligation from the shareholders or any individual shareholder of the Fund, nor from the Trustees or any individual Trustee of the Fund.
RSMC represents that it is currently registered with the appropriate Federal agency for the registration of transfer agents, and that it will remain so registered for the duration of this Agreement.
In the event that such change materially increases the cost to RSMC of performing its obligations hereunder, RSMC shall be entitled to receive reasonable compensation therefor.
RSMC shall be liable for any damages arising out of RSMC's failure to perform its duties under this Agreement to the extent such damages arise out of RSMC's willful misfeasance, bad faith, gross negligence or reckless disregard of such duties.
As used in this Agreement, the term "Oral Instructions" means oral instructions actually received by RSMC from an Authorized Person or from a person reasonably believed by RSMC to be an Authorized Person.
The fact that such confirming Written Instructions are not received by RSMC shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions.
RSMC accepts such appointment and agrees to furnish such services.