Common use of Centralized Functions Clause in Contracts

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTI’s disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTI’s use of such information in connection with the Centralized Functions, and BNYMTI’s storage of names and business addresses of and Fund employees and employees of its Affiliates and sponsors with the Centralized Providers. In addition, the Funds consent to BNYMTI’s use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Group’s aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for product and service development and distribution, for general marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized data. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 12 contracts

Sources: Transfer Agency Agreement (Bny Mellon Opportunity Funds), Transfer Agency Agreement (Bny Mellon Stock Funds), Transfer Agency Agreement (Bny Mellon Funds Trust)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the "BNY Mellon Group"). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the "Centralized Functions") in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the "Centralized Providers"). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTI’s BNYM's disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTI’s BNYM's storage of names and business addresses of and Fund employees and employees of its Affiliates and sponsors with the Centralized Providers. In addition, the Funds consent Fund consents to BNYMTI’s BNYM's use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Group’s 's aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for product and service development and distribution, for general marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized data. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 4 contracts

Sources: Transfer Agency and Shareholder Services Agreement (Fundrise Growth Tech Fund, LLC), Transfer Agency and Shareholder Services Agreement (Fundrise Real Estate Interval Fund, LLC), Transfer Agency and Shareholder Services Agreement (Fundrise Income Real Estate Fund, LLC)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTIBNYM’s disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTIBNYM’s storage of names and business addresses of and Fund employees and employees of its Affiliates affiliates and sponsors with the Centralized Providers. In addition, the Funds consent to BNYMTIBNYM may use Fund’s use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Groupmay aggregate Fund’s aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for BNYM’s and its Affiliates’ product and service development and distribution, for general distribution and marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized datathought leadership purposes. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data, provided that the BNY Mellon Group shall not distribute the aggregated data in a format that identifies data with any Fund or the Funds collectively, or any shareholder(s) of a Fund. Use of Centralized Providers pursuant to this Section 19(r) shall not relieve BNYM of any of its obligations or liabilities hereunder and BNYM shall remain responsible for the conduct of the Centralized Providers.

Appears in 4 contracts

Sources: Transfer Agency and Shareholder Services Agreement (Pioneer Real Estate Shares), Transfer Agency and Shareholder Services Agreement (Pioneer Series Trust Viii), Transfer Agency and Shareholder Services Agreement (Pioneer Core Trust I)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the "BNY Mellon Group"). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the "Centralized Functions") in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the "Centralized Providers"). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTI’s BNYM's disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTI’s BNYM's storage of names and business addresses of and Fund employees and employees of its Affiliates affiliates and sponsors with the Centralized Providers. BNYM acknowledges and agrees that Fund information, including Fund Confidential Information, shall be disclosed to the Centralized Providers only to the extent necessary to perform the obligations under this Agreement, and that each of the Centralized Providers shall be subject to confidentiality obligations at least as restrictive as those herein. In addition, the Funds consent to BNYMTIBNYM may use Fund’s use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Groupmay aggregate Fund’s aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for BNYM’s and its Affiliates’ product and service development and distribution, for general distribution and marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized datathought leadership purposes. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 4 contracts

Sources: Transfer Agency and Shareholder Services Agreement (Laudus Trust), Transfer Agency and Shareholder Services Agreement (Schwab Capital Trust), Transfer Agency and Shareholder Services Agreement (Schwab Annuity Portfolios)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”), subject to confidentiality obligations comparable to those provided for herein. Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTIBNYM’s disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTIBNYM’s storage of names and business addresses of and Fund employees and employees of its Affiliates affiliates and sponsors with the Centralized Providers. In addition, BNYM may use the Funds consent to BNYMTI’s use of Fund Funds’ Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to may aggregate the BNY Mellon Group’s aggregation of Fund Funds’ Confidential Information on an fully anonymized basis with other similar client data for BNYM’s and its Affiliates’ product and service development and distribution, for general distribution and marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized datathought leadership purposes. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 3 contracts

Sources: Transfer Agency and Shareholder Services Agreement (AMG Pantheon Infrastructure Fund, LLC), Transfer Agency and Shareholder Services Agreement (AMG Pantheon Credit Solutions Fund), Transfer Agency and Shareholder Services Agreement (AMG Pantheon Fund, LLC)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the "BNY Mellon Group"). The BNY Mellon Group may centralize non-shareholder-facing support functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the "Centralized Functions") in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the "Centralized Providers"). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTI’s BNYM's disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTI’s BNYM's storage of names and business addresses of and Fund employees and employees of its Affiliates affiliates and sponsors with the Centralized Providers. In addition, the Funds consent to BNYMTIBNYM may use Fund’s use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Groupmay aggregate Fund’s aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for BNYM’s and its Affiliates’ product and service development and distribution, for general distribution and marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized datathought leadership purposes. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 3 contracts

Sources: Transfer Agency and Shareholder Services Agreement (Touchstone Strategic Trust), Transfer Agency and Shareholder Services Agreement (Touchstone Variable Series Trust), Transfer Agency and Shareholder Services Agreement (Touchstone Funds Group Trust)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize non- shareholder-facing support functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTIBNYM’s disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTIBNYM’s storage of names and business addresses of and Fund employees and employees of its Affiliates and sponsors with the Centralized Providers. Notwithstanding the use of Centralized Providers and the provision of services through Centralized Functions, BNYM remains subject to the duties and obligations under this agreement and remains liable under the terms of this Agreement. In addition, the Funds consent Fund consents to BNYMTIBNYM’s use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Group’s aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for product and service development and distribution, for general marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized data. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 2 contracts

Sources: Transfer Agency and Shareholder Services Agreement (Lord Abbett Research Fund Inc), Transfer Agency and Shareholder Services Agreement (Lord Abbett Investment Trust)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTIBNYM’s disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTIBNYM’s storage of names and business addresses of and Fund employees and employees of its Affiliates affiliates and sponsors with the Centralized Providers. In addition, the Funds consent Fund consents to BNYMTIBNYM’s use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Group’s aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for product and service development and distribution, for general marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized data. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 1 contract

Sources: Transfer Agency and Shareholder Services Agreement (Innovation Access Fund)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTI’s BNYM's disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTI’s BNYM's storage of names and business addresses of and Fund employees and employees of its Affiliates and sponsors with the Centralized Providers. Notwithstanding the use of Centralized Providers and the provision of services through Centralized Functions, BNYM remains subject to the duties and obligations under this agreement and remains liable under the terms of this Agreement. In addition, the Funds consent Fund consents to BNYMTI’s BNYM's use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Group’s 's aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for product and service development and distribution, for general marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized data. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 1 contract

Sources: Transfer Agency and Shareholder Services Agreement (Versus Capital Infrastructure Income Fund)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”). Notwithstanding any other provision of the Agreement Agreement, solely in connection with the Centralized Functions and subject to the confidentiality obligations hereinonly in compliance with all applicable laws, including data protection laws, the Funds consent Fund consents to (i) the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTIBNYM’s disclosure of Fund information, including Fund Confidential Information, to the Centralized ProvidersProviders who are subject to confidentiality obligations substantially similar to the confidentiality obligations elaborated in this Agreement with respect to such information, BNYMTIand, BNYM’s use of such information in connection with the Centralized Functions, and BNYMTI(ii) BNYM’s storage of names and business addresses of and Fund employees and employees of its Affiliates affiliates and sponsors with the Centralized Providers. In addition, the Funds consent to BNYMTIand only in compliance with all applicable laws, including data protection laws, BNYM may aggregate and use Fund’s use of Fund Confidential Information on an anonymized basis with other similar client data to analyze and improve product and service performance and performance, for internal research and development activities, and to for BNYM’s and its Affiliates’ product development and distribution and marketing and thought leadership purposes; provided that the BNY Mellon Group’s aggregation Group shall not distribute the aggregated data in a format that identifies or links Fund Confidential Information with the Fund, or which in any manner could be reverse engineered to identify the Fund, and BNYM being liable for any direct damages associated with any such identification of Fund Confidential Information on an fully anonymized basis with other similar client data for product and service development and distributionInformation. For the avoidance of doubt, for general marketing purposes and for producing market or similar analyses for its clientsof this Section 19(r), provided that in any such case Fund Confidential Information canshall not be identified include any Personal Information of any of the Fund’s current and former shareholders (unless such shareholder is an employee of the Administrator or derived from any such aggregated and anonymized dataFund). The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 1 contract

Sources: Transfer Agency and Shareholder Services Agreement (KKR Asset-Based Income Fund)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates Affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTIBNYM’s disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTIBNYM’s storage of names and business addresses of and Fund employees and employees of its Affiliates and sponsors with the Centralized Providers; provided, however, that unless such customer-related data is aggregated and anonymized, no such consent is provided for disclosure of customer-related data to Affiliates and subsidiaries of the BNY Mellon Group operating as a registered investment manager or adviser to mutual funds, exchange traded funds, other collective investment vehicles, separate accounts or other investment management products. In addition, the Funds consent Fund consents to BNYMTIBNYM’s use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Group’s aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for product and service development and distribution, for general marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized data. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data, provided that the BNY Mellon Group shall not distribute the aggregated data in a format that identifies data with the Fund or any shareholder(s) of the Fund. Use of Centralized Providers pursuant to this Section 19(r) shall not relieve BNYM of any of its obligations or liabilities hereunder and BNYM shall remain responsible for the conduct of the Centralized Providers.

Appears in 1 contract

Sources: Transfer Agency and Shareholder Services Agreement (Global X Venture Fund)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNY and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the "BNY Mellon Group"). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the "Centralized Functions") in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the "Centralized Providers"). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTI’s BNY's disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNY’s use of such information in connection with the Centralized Functions, and BNYMTI’s BNY's storage of names and business addresses of and Fund employees and employees of its Affiliates and sponsors with the Centralized Providers. In addition, the Funds consent Fund consents to BNYMTI’s BNY's use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Group’s 's aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for product and service development and distribution, for general marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized data. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 1 contract

Sources: Transfer Agency and Shareholder Services Agreement (Federated Hermes Money Market Obligations Trust)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTIBNYM’s disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTIBNYM’s storage of names and business addresses of and Fund employees and employees of its Affiliates and sponsors with the Centralized Providers. In addition, the Funds consent Fund consents to BNYMTIBNYM’s use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Group’s aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for product and service development and distribution, for general marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized data. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 1 contract

Sources: Transfer Agency and Shareholder Services Agreement (Man Alternative Income Fund)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the "BNY Mellon Group"). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the "Centralized Functions") in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the "Centralized Providers"). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTI’s BNYM's disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTI’s BNYM's storage of names and business addresses of and Fund employees and employees of its Affiliates affiliates and sponsors with the Centralized Providers. In addition, the Funds consent Fund consents to BNYMTI’s BNYM's use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Group’s 's aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for product and service development and distribution, for general marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized data. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data, provided that the BNY Mellon Group shall not distribute the aggregated data in a format that identifies data with the Fund or any shareholder(s) of the Fund. Use of Centralized Providers pursuant to this Section 19(r) shall not relieve BNYM of any of its obligations or liabilities hereunder and BNYM shall remain responsible for the conduct of the Centralized Providers.

Appears in 1 contract

Sources: Transfer Agency and Shareholder Services Agreement (Ark Venture Fund)

Centralized Functions. The Bank of New York Mellon Corporation is a global financial organization that includes BNYMTI BNYM and provides services to clients through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, regulatory reporting, sales, administration, operations, technology services, product, client and client-customer communications, relationship management, storage and record retention, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more Affiliates and subsidiaries of the BNY Mellon Group, joint ventures and third-party service providers (the “Centralized Providers”). Notwithstanding any other provision of the Agreement and subject to the confidentiality obligations herein, the Funds consent Fund consents to the foregoing centralization of functions, the receipt of services hereunder through the Centralized Functions, BNYMTIBNYM’s disclosure of Fund information, including Fund Confidential Information, to the Centralized Providers, BNYMTIBNYM’s use of such information in connection with the Centralized Functions, and BNYMTIBNYM’s storage of names and business addresses of and Fund employees and employees of its Affiliates affiliates and sponsors with the Centralized Providers. BNYM acknowledges and agrees that Fund information, including Fund Confidential Information, shall be disclosed to the Centralized Providers only to the extent necessary to perform the obligations under this Agreement, and that each of the Centralized Providers shall be subject to confidentiality obligations at least as restrictive as those herein. In addition, the Funds consent to BNYMTIBNYM may use Fund’s use of Fund Confidential Information to analyze and improve product and service performance and for internal research and development activities, and to the BNY Mellon Groupmay aggregate Fund’s aggregation of Fund Confidential Information on an fully anonymized basis with other similar client data for BNYM’s and its Affiliates’ product and service development and distribution, for general distribution and marketing purposes and for producing market or similar analyses for its clients, provided that in any such case Fund Confidential Information cannot be identified or derived from any such aggregated and anonymized datathought leadership purposes. The BNY Mellon Group shall possess all ownership rights with respect to such aggregated anonymized data.

Appears in 1 contract

Sources: Transfer Agency and Shareholder Services Agreement (Schwab Investments)