Services as Fund Accountant. BISYS will keep and maintain the following books and records of each Fund pursuant to Rule 31a-1 under the Investment Company Act of 1940, as amended (the "Rule"):
a. Journals containing an itemized daily record in detail of all purchases and sales of securities, all receipts and disbursements of cash and all other debits and credits, as required by subsection (b)(1) of the Rule;
b. General and auxiliary ledgers reflecting all asset, liability, reserve, capital, income and expense accounts, including interest accrued and interest received, as required by subsection (b)(2)(i) of the Rule;
c. Separate ledger accounts required by subsection (b)(2)(ii) and (iii) of the Rule; and
d. A monthly trial balance of all ledger accounts (except shareholder accounts) as required by subsection (b)(8) of the Rule. All such books and records shall be the property of the Trust, and BISYS agrees to make such books and records available for inspection by the Trust or by the Securities and Exchange commission at reasonable times and otherwise to keep confidential all records and other information relative to the Trust; except when requested to divulge such information by duly-constituted authorities or court process, or when requested by the Trust. In addition to the maintenance of the books and records specified above, BISYS shall perform the following account services daily for each Fund:
a. Calculate the net asset value per Share utilizing prices obtained from the sources described below;
b. Obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund's investment adviser or its designee, as approved by the Trust's Board of Trustees;
c. Verify and reconcile with the Funds' custodian all daily trade activity;
d. Compute, as appropriate, each Fund's net income and capital gains, dividend payables, dividend factors, 7-day yields, 7-day effective yields, 30-day yields, and weighted average portfolio maturity;
e. Review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and yields to NASDAQ;
f. Calculate the dividend and capital gain distribution, if any;
g. Calculate the yield;
h. Provide the following reports:
(i) a current security position report;
(ii) a summary report of transactions and pending maturities (including...
Services as Fund Accountant. BISYS shall perform for the Trust the fund accounting services set forth in Schedule B hereto (collectively, the “Services”). BISYS may provide such other services as may be reasonably requested by the Trust, which may result in an additional fee, the amount of which shall be mutually agreed upon by the parties. BISYS agrees to perform the Services described herein in accordance with the service standards set forth in Schedule C attached hereto and in accordance with any additional operating procedures that may be mutually agreed upon by the parties hereto. BISYS’ agreement to perform the relevant Services in accordance with and otherwise comply with the provisions set forth in Schedule C is subject to the various provisions of this Agreement relevant to the performance of Services. The service standards shall not be used in the construction of the parties’ rights and obligations generally under this Agreement, and any failure by BISYS to meet a particular deadline or other requirement set forth in Schedule C shall not be construed as an admission or as a waiver of any rights of BISYS generally under this Agreement. BISYS shall, for all purposes herein, be deemed to be an independent contractor and, other than as expressly provided or authorized (as directed by the Board or as provided herein), shall have no authority to act for or represent the Trust in any way and shall not be deemed an agent of the Trust. BISYS may, in its discretion and at its expense, utilize agents in connection with its Services, and in addition may appoint in writing other parties qualified to perform fund accounting services reasonably acceptable to the Trust (individually, a “Sub-Fund Accounting Agent”) to carry out some or all of its responsibilities under this Agreement with respect to a Fund; provided, however, that each agent (including any Sub-Fund Accounting Agent) shall be the agent of BISYS and not the agent of the Trust or a Fund, that BISYS shall be fully responsible for the acts of each agent (to the extent BISYS would be responsible if BISYS had performed such acts) and shall not be relieved of any of its responsibilities hereunder by the use or appointment of such agent, and that BISYS shall disclose in writing the name of such Sub-Fund Accounting Agent, and the nature of the relationship between the Sub-Fund Accounting Agent and BISYS to the Trust. In selecting and managing its relationship with each third party vendor, BISYS shall strive to achieve the best overall...
Services as Fund Accountant. Section 1(b)(i) and (ii) of the Agreement is hereby deleted in its entirety and replaced with the following:
(a) BISYS will calculate the net asset value per share ("NAV") of each class of shares offered by each Fund in accordance with the relevant provisions of the applicable Prospectus of each Fund and applicable regulations under the 1940 Act;
(b) In each calculation of NAV, BISYS will apply securities pricing information as required or authorized under the terms of the valuation policies and procedures of the Trusts ("Valuation Procedures"), including (A) using pricing information from independent pricing services, with respect to securities for which market quotations are readily available, and (B) if applicable to a particular Fund or Funds (the "Fair Valued Securities"), fair value pricing information or adjustment factors from independent fair value pricing services or other vendors approved by the Trusts (collectively, "Fair Value Information Vendors") with respect to securities for which market quotations are not readily available, for which a significant event has occurred following the close of the relevant market but prior to the Fund's pricing time, or which are otherwise required to be made subject to a fair value determination, as set forth under the Valuation Procedures.
(c) BISYS will prepare quarterly reports summarizing the impact of fair value pricing on the NAV of each of the Fair Valued Securities as compared to its NAV using local closed prices and as compared to its NAV using next-day open prices, which reports help the Trusts to monitor and evaluate their use of fair value pricing information under their Valuation Procedures.
Services as Fund Accountant. BISYS agrees to perform the services described herein in accordance with all applicable laws, rules and regulations (including, where applicable, Generally Acceptable Accounting Principles), and in accordance with any reasonable instructions of the Company and the Company's Certificate of Incorporation, Bylaws, Prospectus and Statement of Additional Information.
Services as Fund Accountant. BISYS Ohio will keep and maintain the following books and records of each Fund pursuant to Rule 31a-1 (the "Rule") under the Investment Company Act of 1940 (the "1940 Act"):
(a) Journals containing an itemized daily record in detail of all purchases and sales of securities, all receipts and disbursements of cash and all other debits and credits, as required by subsection (b)(1) of the Rule;
(b) General and auxiliary ledgers reflecting all asset, liability, reserve, capital, income and expense accounts, including interest accrued and interest received, as required by subsection (b)(2)(i) of the Rule;
(c) Separate ledger accounts required by subsection (b)(2)(ii) and (iii) of the Rule; and
(d) A monthly trial balance of all ledger accounts (except shareholder accounts) as required by subsection (b)(8) of the Rule. In addition to the maintenance of the books and records specified above, BISYS Ohio shall perform the following accounting services daily for each Fund:
(a) Calculate the net asset value per share;
(b) Calculate the dividend and capital gain distribution, if any;
(c) Determine each Fund's net income;
(d) Reconcile cash movements with the Funds' custodian;
(e) Obtain security market quotes from independent pricing services or, if such quotes are unavailable, obtain such prices from the Funds' investment adviser, and in either case calculate the market value of each Fund's investments;
(f) Verify and reconcile with the Funds' custodian all daily trade activity;
(g) Compute each Fund's income and capital gains, dividend payables, dividend factors, 7-day yields, 7-day effective yields and 30-day yields, and weighted average portfolio maturity;
(h) Review daily the calculation of the net asset value and dividend factor (if any) of each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations and distribute net asset values and yields to NASDAQ;
(i) Determine monthly outstanding receivables and payables for security trades;
(j) Determine monthly outstanding receivables and payables for Fund share transactions;
(k) Report to the Trust the daily market pricing of securities in any money market Funds, with the comparison to the amortized cost basis;
(l) Determine unrealized appreciation on securities held in variable net asset value Funds;
(m) Amortize premiums and accrete discounts on securities purchased at a price other than face value, if applicable;
(n) Update the fund accounti...
Services as Fund Accountant. The Fund Accountant will provide such fund accounting services as the Funds may reasonably request, including daily pricing of portfolio securities, computation of the net asset value and the net income of the Funds in accordance with the Funds' prospectuses and statements of additional information; calculation of the dividend and capital gain distributions (including that needed to avoid all Federal excise taxes), if any; calculation of yields on all applicable Funds and all classes thereof; preparation of the following reports: (i) a current security position report; (ii) a summary report of transactions and pending maturities (including the principal, cost, and accrued interest on each portfolio security in maturity date order); and
Services as Fund Accountant. Fund Accountant agrees to perform the services described herein in accordance with the service standards set forth in Schedule B hereto.
Services as Fund Accountant. (a) The Trust has elected to apply Valuation Procedures that involve pricing information from Fair Value Information Vendors, for the Funds set forth on Schedule, or such other Funds as may be designated in writing from time to time. For those Funds, BISYS will apply securities pricing information as required or authorized under the terms of the Valuation Procedures, including fair value pricing information or adjustment factors from Fair Value Information Vendors with respect to securities for which market quotations are not readily available, for which a significant event has occurred following the close of the relevant market but prior to the Fund's pricing time, or which are otherwise required.
(b) Consistent with the terms of the Agreement, in connection with the services provided in 1(a) above, BISYS will keep and maintain the books and records that are required to be kept and maintained under Rule 31a-1 or other applicable regulations under the 1940 Act, including those pertaining to (i) fair value prices and/or adjustment factors provided by Fair Value Information Vendors, and (ii) market prices for securities that are valued using fair value information provided by Fair Value Information Vendors.
Services as Fund Accountant. Subject to the supervision, direction and control of the Trust's Board of Trustees, Fund Accountant shall provide the services set forth below in accordance with the service standards set forth in Schedule A attached hereto and made a part hereof. In performing its duties as Fund Accountant under this Agreement, Fund Accountant will act in conformity with the Trust's Declaration of Trust, By-Laws, Prospectuses and Statements of Additional Information as in effect from time to time and will conform to and comply with the requirements of the Investment Company Act of 1940 (the "1940 Act") and all other applicable federal and state laws and regulations.
Services as Fund Accountant. (a) Subject to the direction and control of the Trust's Board of Trustees and utilizing information provided by the Trust and its agents, Sunstone will: (1) calculate daily net asset values of each Fund in accordance with the procedures in the Funds' prospectus; (2) maintain all general ledger accounts and related subledgers needed as a basis for the calculation of each Fund's net asset value;
