Fund Evaluation Sample Clauses
The Fund Evaluation clause establishes the process and criteria for assessing the performance and compliance of a fund within an agreement. Typically, this involves periodic reviews of the fund’s financial results, investment strategies, and adherence to agreed-upon benchmarks or standards. By setting clear evaluation procedures, this clause ensures transparency and accountability, helping parties monitor the fund’s effectiveness and address any issues proactively.
Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of regular trading on the New York Stock Exchange on each day on which said Exchange is open for unrestricted trading and as of such other days, or hours, if any, as may be authorized by the Board, the net asset value and the public offering price of a share of capital stock of the Fund, such determination to be made in accordance with the provisions of the Articles and By-laws of the Fund and the Prospectus and Statement of Additional Information relating to the Fund, as they may from time to time be amended, and any applicable resolutions of the Board at the time in force and applicable; and promptly to notify the Fund, the proper exchange and the NASD or such other persons as the Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of the Fund and in respect of liabilities of the Fund not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no such reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value, (iv) the value to be assigned to any security for which no price quotations are available, and (v) the method of computation of the public offering price on the basis of the net asset value of the shares, and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iii) above.
Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of regular trading on the New York Stock Exchange on each day on which said Exchange is open for unrestricted trading and as of such other days, or hours, if any, as may be authorized by the Board, the net asset value and the public offering price of a share of capital stock of the Fund, such determination to be made in accordance with the provisions of the Articles and By-laws of the Fund and Prospectus and Statement of Additional Information relating to the Fund, and valuation procedures approved by the Board, and any applicable resolutions of the Board at the time in force and applicable, as they may from time to time be amended. Current copies of each such document are to be made available by the Fund to the Bank on a timely basis. The Bank shall promptly notify the Fund, the proper exchange and the NASD or such other persons as the Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of the Fund and in respect of liabilities of the Fund not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no such reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value, (iv) the value to be assigned to any security for which no price quotations are available, and (v) the method of computation of the public offering price on the basis of the net asset value of the shares, and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iii) above.
(a) The Bank shall compute the Yield Calculation for the Fund for the stated periods of time as shall be mutually agreed upon, and communicate in a timely manner the result of such computation to the Fund.
(b) In performing the Yield Calculation, the Bank will derive from the records it generates and maintains for the Fund pursuant Section 11 hereof, the items of data necessary for the computation. The Bank shall have no responsibility to review, confirm, or otherwise assume any duty or liability with respect to the accuracy or correctness of any such data supplied to it by the Fund, any of the Fund's designated agents o...
Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of regular trading on the New York Stock Exchange on the last day of each week and the last day of each month, on which said Exchange is open for unrestricted trading and as of such other days, or hours, if any, as may be authorized by the Board and agreed to by the Bank, the net asset value of a share of capital stock of the Fund, such determination to be made in accordance with the provisions of the Articles and By-laws of the Fund and the Prospectus and Statement of Additional Information relating to the Fund, as they may from time to time be amended, the Fund's valuationprocedures, applicable law and regulatory guidance, and any applicable resolutions of the Board at the time in force and applicable; and promptly to notify the Fund, the proper exchange and the NASD or such other persons as the Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of the Fund and in respect of liabilities of the Fund not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no such reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value and (iv) the value to be assigned to any security for which no price quotations are readily available, and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iii) above.
Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board or the Manager, determine as of the close of regular trading on the New York Stock Exchange on each day, as agreed by the parties and reflected on Appendix B hereto, which may be amended from time to time, the net asset value and, if applicable, the public offering price of a share of capital stock, of each Portfolio, such determination to be made in accordance with the provisions of the offering and governing documents of the relevant Fund, as they may from time to time be amended, and any applicable resolutions of the Board or the Manager at the time in force and applicable. The Bank promptly shall notify the Fund, the applicable exchange and the NASD, if applicable, or such other persons as the Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities attributable to the Portfolio, (ii) liabilities attributable to the Portfolio not appearing on its books of account kept by the Bank, (iii) reserves, if any, which reserves the Board or the Manager either has or has not authorized, (iv) the source of the quotations to be used in computing the net asset value, (v) the value to be assigned to any security for which no price quotations are available, and (vi) the method of computation of the public offering price on the basis of the net asset value of the shares; and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iv) or (v) above.
Fund Evaluation. Section 12 of the Agreement is hereby amended by adding the following paragraph at the end of Section 12: The Bank shall also provide the performance attribution services set forth on Schedule B hereto. ----------