Common use of Annual Audit Clause in Contracts

Annual Audit. Distributor agrees to an annual independent audit of its anti-money laundering program and also agrees to respond to the Fund's Board of Directors with respect to each recommendation made pursuant to such audit.

Appears in 13 contracts

Sources: Distribution Agreement (First American Funds Inc), Distribution Agreement (First American Strategy Funds Inc), Distribution Agreement (First American Strategy Funds Inc)

Annual Audit. The Distributor agrees to an annual independent audit of its anti-money laundering program and also agrees to respond to the Fund's Board of Directors with respect to each recommendation made pursuant to such audit.

Appears in 8 contracts

Sources: Distribution Agreement (First American Strategy Funds Inc), Distribution Agreement (First American Investment Funds Inc), Distribution Agreement (First American Funds Inc)

Annual Audit. The Distributor agrees to an annual independent audit of its anti-money laundering program and also agrees to respond to the Fund's ’s Board of Directors Trustees with respect to each recommendation made pursuant to such audit.

Appears in 2 contracts

Sources: Distribution Agreement (Keystone Mutual Funds), Distribution Agreement (Keystone Mutual Funds)