Common use of Blue Sky Reporting Clause in Contracts

Blue Sky Reporting. The Fund or its administrator shall identify to the Transfer Agent in writing the states and countries where the shares of each Fund are registered or exempt, and the number of Shares registered for sale with respect to each state or country, as applicable. The Transfer Agent shall establish the foregoing parameters on the system for the designated Blue Sky vendor. Each Fund or its administrator shall verify that such parameters have been correctly established for each state or country on the system prior to activation and thereafter shall be responsible for monitoring the daily activity for each state or country. The responsibility of the Transfer Agent for the Fund’s Blue Sky registration status is solely limited to the initial establishment of the parameters provided by the Fund or the administrator for the vendor’s system and the daily transmission of a file to such vendor in order that the vendor may provide reports to the Fund or the administrator for monitoring. For all Portfolios for which Transfer Agent serves as Blue Sky Vendor, this provision shall not apply and the parties’ obligations as to such blue sky services shall be exclusively governed by the terms of the blue sky service agreement entered into between the Fund’s administrator and Transfer Agent.