Service Company definition

Service Company means any entity employed by the Custodian or the Distributor, including the transfer agent for the Fund(s), to perform various administrative duties of either the Custodian or the Distributor. In any case where there is no Service Company, the duties assigned hereunder to the Service Company will be performed by the Distributor (if any) or by an entity that has a contract to perform management or investment advisory services for the Fund(s).

Service Company means the contracted agent for an insurer authorized to process claims and make payment of compensation on behalf of the insurer.

Service Company means any entity employed by the Custodian or the Distributor, including the transfer agent for the Fund(s), to perform various administrative duties of either the Custodian or the Distributor.

Examples of Service Company in a sentence

• The investment advisor’s appointment will be in effect until written notice to the contrary is received by the Custodian and the Service Company.

• The Custodian also may at any time resign upon 30 days’ prior written notice to Sponsor, whereupon the Sponsor (or Service Company) shall notify the Participant (or Beneficiary) and shall appoint a successor to the Custodian.

• Notwithstanding the foregoing, the Custodian or Service Company may make demand upon the Participant for payment of the amount of such fees, taxes and other administrative expenses.

• While an investment advisor’s appointment is in effect, the investment advisor may issue investment directions or may issue orders for the sale or purchase of shares of one or more Funds to the Service Company, and the Service Company will be fully protected in carrying out such investment directions or orders to the same extent as if they had been given by the Participant.

• The Service Company shall maintain adequate records of all purchases or sales of shares of one or more Funds for the Participant’s Custodial Account.

More Definitions of Service Company

Service Company means any entity employed by the Custodian or the Distributor, including the transfer agent for the Fund(s), to perform various administrative duties of either the Custodian or the Distributor. In any case where there is no Service Company, the duties assigned hereunder to the Service Company will be performed by the Distributor (if any) or by an entity specified in the second preceding paragraph.

Service Company means a person who issues and performs, or arranges to perform, services pursuant to a residential service contract.

Service Company means the contracted agent for an insurer, self-insured employer, or self-insured employer group authorized to process claims and make payment of compensation on behalf of the insurer, self-insured employer, or self-insured employer group.

Service Company means a person or entity which provides services not provided by the administrator, including but not limited to, (1) claims adjustment, (2) safety engineering, (3) compilation of statistics and the preparation of premium, loss and tax reports, (4) preparation of other required self-insurance reports, (5) development of members' assessments and fees, and (6) administration of a claim fund.

Service Company means a person who issues and is obligated to perform, or arrange for the performance of, services pursuant to a service contract.

Service Company means each Subsidiary of the Issuer the business of which consists principally of providing management, operating or other services, or employees, to other Subsidiaries of the Issuer.

Service Company means an entity licensed under North Dakota Century Code chapter 26.1-27 as an administrator or an entity licensed under North Dakota Century Code title 26.1 as an insurance company, health maintenance organization, or nonprofit health service corporation.