Common use of Administrative and Other Services Clause in Contracts

Administrative and Other Services. (a) Subadviser will, at its expense, furnish (i) all necessary investment and management facilities, including salaries of personnel required for it to execute its duties faithfully, and (ii) administrative facilities, including bookkeeping, clerical personnel and equipment necessary for the efficient conduct of the investment affairs of the Portfolio (excluding determination of net asset values and shareholder accounting services). (b) Subadviser will maintain all accounts, books and records with respect to the Portfolio as are required of an investment adviser of a registered investment company pursuant to the Investment Company Act and the rules thereunder. Subadviser agrees that such records are the property of the Trust, and will be surrendered to the Trust promptly upon request. The Manager shall be granted reasonable access to the records and documents in Subadviser's possession relating to the Portfolios. (c) Subadviser shall provide such information as is necessary to enable Manager to prepare and update the Trust's registration statement (and any supplement thereto) and the Portfolio's financial statements. Subadviser understands that the Trust and Manager will rely on such information in the preparation of the Trust's registration statement and the Portfolio's financial statements, and hereby covenants that any such information approved by Subadviser expressly for use in such registration and/or financial statements shall be true and complete in all material respects. (d) Subadviser will vote the Portfolio's investment securities in the manner in which Subadviser believes to be in the best interests of the Portfolio, and shall review its proxy voting activities on a periodic basis with the Trustees. (e) Subadviser will provide custodian services to the Portfolio in accordance with the provisions of a separate Custodian Agreement, dated as of the date hereof, between the Trust, on behalf of the Portfolio, and Subadviser. III.

Appears in 9 contracts

Samples: Subadvisory Agreement (Fidelity Commonwealth Trust), Subadvisory Agreement (Fidelity Concord Street Trust), Subadvisory Agreement (Fidelity Concord Street Trust)

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Administrative and Other Services. (a) Subadviser will, at its expense, furnish (i) all necessary investment and management facilities, including salaries salaries, draws or profit allocations of its personnel required for it to execute its duties faithfully, and (ii) administrative facilities, including bookkeeping, clerical personnel and equipment necessary for the efficient conduct performance of the its investment affairs of the Portfolio management services hereunder (excluding determination of net asset values and shareholder accounting recordkeeping services). (b) Subadviser will maintain all accounts, books and records with respect to the Portfolio Fund as are required of an investment adviser of a registered investment company pursuant to the Investment Company 1940 Act and the rules thereunder. Subadviser agrees that such records are the property of the TrustFund, and such records will be surrendered to the Trust Fund or Adviser or their designee promptly upon request, provided that Subadviser may maintain copies of all such records. The Manager Adviser shall be granted reasonable access to the records and documents in Subadviser's possession relating to the PortfoliosFund at all times. (c) Subadviser shall provide such information as is reasonably necessary to enable Manager Adviser to prepare and update the Trust's registration statement Registration Statement (and any supplement thereto) and the PortfolioFund's financial statements. Subadviser understands that the Trust Fund and Manager Adviser will rely on such information in the preparation of the Trust's registration statement Registration Statement and the PortfolioFund's financial statements, and hereby covenants that any such information approved by Subadviser expressly for use in such registration and/or financial statements shall be true and complete in all material respects. (d) Notwithstanding the foregoing, Adviser acknowledges and agrees that Subadviser will vote is not responsible or liable for the Portfolio's investment securities information contained in the manner in which Subadviser believes to be in Registration Statement or the best interests financial statements of the Portfolio, and shall review its proxy voting activities on a periodic basis with the TrusteesFund except for information specifically relating to Subadviser or other information provided or approved by it. (e) Subadviser will provide custodian services to the Portfolio in accordance with the provisions of a separate Custodian Agreement, dated as of the date hereof, between the Trust, on behalf of the Portfolio, and Subadviser. IIISECTION 3.

Appears in 1 contract

Samples: Subadvisory Agreement (Federated Project & Trade Finance Tender Fund)

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Administrative and Other Services. (a) Subadviser will, at its expense, furnish (i) all necessary investment and management facilities, including salaries salaries, draws or profit allocations of its personnel required for it to execute its duties faithfully, and (ii) administrative facilities, including bookkeeping, clerical personnel and equipment necessary for the efficient conduct performance of the its investment affairs of the Portfolio management services hereunder (excluding determination of net asset values and shareholder accounting recordkeeping services). (b) Subadviser will maintain all accounts, books and records with respect to the Portfolio Fund as are required of an investment adviser of a registered investment company pursuant to the Investment Company 1940 Act and the rules thereunder. Subadviser agrees that such records are the property of the Trust, and such records will be surrendered to the Trust or Adviser or their designee promptly upon request, provided that Subadviser may maintain copies of all such records. The Manager Adviser shall be granted reasonable access to the records and documents in Subadviser's possession relating to the PortfoliosFund at all times. (c) Subadviser shall provide such information as is reasonably necessary to enable Manager Adviser to prepare and update the Trust's registration statement Registration Statement (and any supplement thereto) and the PortfolioFund's financial statements. Subadviser understands that the Trust Fund and Manager Adviser will rely on such information in the preparation of the Trust's registration statement Registration Statement and the PortfolioFund's financial statements, and hereby covenants that any such information approved by Subadviser expressly for use in such registration and/or financial statements shall be true and complete in all material respects. (d) Notwithstanding the foregoing, Adviser acknowledges and agrees that Subadviser will vote is not responsible or liable for the Portfolio's investment securities information contained in the manner in which Subadviser believes to be in Registration Statement or the best interests financial statements of the Portfolio, and shall review its proxy voting activities on a periodic basis with the TrusteesFund except for information specifically relating to Subadviser or other information provided or approved by it. (e) Subadviser will provide custodian services to the Portfolio in accordance with the provisions of a separate Custodian Agreement, dated as of the date hereof, between the Trust, on behalf of the Portfolio, and Subadviser. IIISECTION 3.

Appears in 1 contract

Samples: Subadvisory Agreement (Federated Core Trust/Pa)

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