Service Organizations definition
Examples of Service Organizations in a sentence
Amounts paid to the Administrator under the Distribution Plan will be used by the Administrator exclusively to compensate Service Organizations as described in Sections 2(c) and 2(d) of this Agreement.
The Administrator will receive payments pursuant to the Distribution Plan only as payment agent of the Fund to compensate Service Organizations pursuant to their agreements with the Administrator and the Funds' distributor.
The Administrator shall not be required to provide directly hereunder any of the foregoing services which may cause the Administrator to be engaged in the business of effecting transactions in securities for the account of others, or to induce or attempt to induce the purchase or sale of any security, but may procure such services on behalf of the Trust from certain Service Organizations.
The Fund may enter into shareholder servicing agreements and pay, on behalf of each Adviser Class, Service Class and Class T Portfolio, compensation to Service Organizations for providing administrative support services to shareholders.
To the extent the Servicing Fee is not paid to Service Organizations out of the Distributor's Fee, the Distributor may use such fee to pay any of the expenses set forth in Section 5(b) of this Agreement.
The Adviser Class and Service Class Shares of each Portfolio are subject to a shareholder servicing fee payable to Service Organizations pursuant to Shareholder Servicing Plans adopted for the Adviser and Service Classes.
The Fund may enter into shareholder servicing agreements and pay, on behalf of each Adviser and Service Class Portfolio, compensation to Service Organizations for providing administrative support services to shareholders.
In carrying out Service Organization's and CSI's obligations under this Agreement, Service Organization and CSI each agree to act in good faith and without negligence.
Lessee shall add Lessor as an additional insured by means of an endorsement at least as broad as the Insurance Service Organization's "Additional Insured-Managers or Lessors of Premises" Endorsement.
Each Fund and CSI may enter into other similar agreements with any other person or persons without Service Organization's consent.