Common use of Concerning the Bank Clause in Contracts

Concerning the Bank. Section 8.1. The Bank may enter into subcontracts, agreements and understandings with any Bank affiliate, whenever and on such terms and conditions as it deems necessary or appropriate to perform its services hereunder. No such subcontract, agreement or understanding shall discharge the Bank from its obligations hereunder.

Appears in 5 contracts

Samples: Transfer Agency and Service Agreement (First Trust Exchange-Traded Fund Iv), Transfer Agency and Service Agreement (First Trust Exchange-Traded Fund Iv), Participant Agreement (First Trust Exchange-Traded Fund Ii)

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Concerning the Bank. Section 8.1. The Bank may may, at its own expense, enter into subcontracts, agreements and understandings with any Bank affiliate, whenever and on such terms and conditions as it deems necessary or appropriate to perform its services hereunder. No such subcontract, agreement or understanding shall discharge the Bank from its obligations hereunderhereunder and the Bank shall be liable and responsible to the Trust for any act or omission of any Bank affiliate in the manner, and to the same extent, as though such act or omission were that of the Bank.

Appears in 3 contracts

Samples: Transfer Agency and Service Agreement (First Trust Exchange-Traded Alphadex Fund Ii), Transfer Agency and Service Agreement (First Trust Exchange-Traded Fund Iii), Transfer Agency and Service Agreement (First Trust Exchange-Traded Fund Vi)

Concerning the Bank. Section 8.1. The Bank may may, at its own expense, enter into subcontracts, agreements and understandings with any Bank affiliate, whenever and on such terms and conditions as it deems necessary necessaiy or appropriate to perform its services hereunder. No such subcontract, agreement or understanding shall discharge the Bank from its obligations hereunderhereunder and the Bank shall be liable and responsible to the Trust for any act or omission of any Bank affiliate in the manner, and to the same extent, as though such act or omission were that of the Bank.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (First Trust Exchange-Traded Fund Viii)

Concerning the Bank. Section 8.1. 8.1 The Bank may enter into subcontracts, agreements and understandings with any Bank affiliate, whenever and on such terms and conditions as it deems necessary or appropriate to perform its services hereunder. No such subcontract, agreement or understanding shall discharge the Bank from its obligations hereunder.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (DB US Dollar Index Master Trust)

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Concerning the Bank. Section SECTION 8.1. The Bank may enter into subcontracts, agreements and understandings with any Bank affiliate, whenever and on such terms and conditions as it deems necessary or appropriate to perform its services hereunder. No such subcontract, agreement or understanding shall discharge the Bank from its obligations hereunder.

Appears in 1 contract

Samples: Participant Agreement (First Trust Exchange-Traded Alphadex Fund)

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