BISYS. BISYS shall furnish at its own expense the executive, supervisory and clerical personnel necessary to perform its obligations under this Agreement. BISYS shall also provide the items which it is obligated to provide under this Agreement, and shall pay all compensation, if any, of officers of each Company as well as all Directors of each Company who are affiliated persons of BISYS or any affiliated company of BISYS; provided, however, that unless otherwise specifically provided, BISYS shall not be obligated to pay the compensation of any employee of a Company retained by the Directors of such Company to perform services on behalf of the Company.
BISYS. BISYS acknowledges that it will continue to perform all services required to be performed by it as the Administrator under the Administration Agreement, except those services as are required to be performed by the Service Company hereunder, including the Services. The parties agree and acknowledge that pursuant to the Administration Agreement, the Company has undertaken to pay or cause to be paid all other expenses of the Company not otherwise allocated to BISYS as the Administrator under the Administration Agreement, including, without limitation, organization costs, taxes, expenses for legal and auditing services, the expenses of preparing (including typesetting), printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material and notices to existing shareholders, all expenses incurred in connection with issuing and redeeming shares, the costs of custodial services, the cost of initial and ongoing registration of the shares under Federal and state securities laws, fees and out-of-pocket expenses of Trustees who are not affiliated persons of BISYS or the investment adviser to the Company or any affiliated corporation of BISYS or such investment adviser, insurance, interest, brokerage costs, litigation and other extraordinary or nonrecurring expenses, and all fees and charges of investment advisers to the Company.
BISYS. BiSys will provide core account processing services including but not limited to systems processing connected with deposit accounts, check imaging, items capture, ACH and general ledger for the purposes of the first phase. Additionally, BiSys may provide other processing services connected with future phases of the AIB Product.