DUTIES OF ADS. ADS will provide the Fund with the necessary office space, communication facilities and personnel to perform the following services for the Fund:
DUTIES OF ADS. 4 3. RECORDKEEPING..........................................................7
DUTIES OF ADS the Trust shall pay ADS within ten (10) days after receipt of an invoice from ADS at the beginning of each month, a fee equal to the greater of: CALCULATED FEE WILL BE BASED UPON PRIOR MONTH AVERAGE NET ASSETS: (No prorating partial months) NOTE: The following administrative service fees are per portfolio serviced plus out-of-pocket expenses. MINIMUM FEE: Under $5 million............................$ 3,500 From $5 million to $10 Million.............. 4,000 From $10 million to $20 million............. 4,500 From $20 million on......................... 5,000 OR, NET ASSET CHARGE: - First $75 Million of average monthly net assets of Fund 1/12th of 0.15% (15 basis points), plus - Next $75 Million of average monthly net assets of Fund 1/12th of 0.10% (10 basis points), plus - Over $150 Million of average monthly net assets of Fund 1/12th of 0.07% (7 basis points).
DUTIES OF ADS. (a) Subject to the direction and control of the Board, ADS shall manage all aspects of the Corporation's operations with respect to the Funds except those that are the responsibility of any other service provider hired by the Corporation, all in such manner and to such extent as may be authorized by the Board. Specifically ADS shall:
DUTIES OF ADS the Fund shall pay ADS within ten (10) days after receipt of an invoice from ADS at the beginning of each month, a fee equal to the greater of: CALCULATED FEE WILL BE BASED UPON PRIOR MONTH AVERAGE NET ASSETS: (No prorating partial months) NOTE: The following administrative service fees are per portfolio serviced plus out-of-pocket expenses. MINIMUM FEE: Under $5 million ............................. $3,000 From $5 million to $10 Million ........ 3,500 From $10 million to $20 million....... 4,000 From $20 million on......................... 4,500 OR, NET ASSET CHARGE: First $75 Million of average monthly net assets of Fund 1/12th of 0.15% (15 basis points), plus Next $75 Million of average monthly net assets of Fund 1/12th of 0.10% (10 basis points), plus Over $150 Million of average monthly net assets of Fund 1/12th of 0.07% (7 basis points). FEE INCREASES On each annual anniversary date of this Agreement, the fees enumerated above will be increased by the change in the Consumer Price Index for the Northeast region (CPI) for the twelve-month period ending with the month preceding such annual anniversary date.
DUTIES OF ADS. ADS will provide the Fund with the necessary office space, communication facilities and personnel to perform the following services for the Fund: (a) Timely calculate and transmit to NASDAQ the Fund's daily net asset value and communicate such value to the Fund and its transfer agent; Maintain and keep current all books and records of the Fund as required by Rule 31a-1 under the 1940 Act, as such rule or any successor rule may be amended from time to time ("Rule 31a-1"), that are applicable to the fulfillment of ADS's duties hereunder, as well as any other documents necessary or advisable for compliance with applicable regulations as may be mutually agreed to between the Fund and ADS. Without limiting the generality of the foregoing, ADS will prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: Cash receipts journal Cash disbursements journal Dividend record Purchase and sales - portfolio securities journals Subscription and redemption journals Security ledgers Broker ledger General ledger Daily expense accruals Daily income accruals
DUTIES OF ADS. ADS will provide the Trust with the necessary office space, communication facilities and personnel to perform the following services for the Trust:
DUTIES OF ADS. 2. COMPENSATION OF ADS. 3.
DUTIES OF ADS. ADS hereby agrees to:
DUTIES OF ADS. ADS will perform the following services for each Portfolio listed in Schedule A:
