Common use of General Functions Clause in Contracts

General Functions. The Sponsor agrees to perform the functions required of it by the terms hereof and of the Plan Documents. The Sponsor will use its best efforts to distribute Plans, maintain adequate office facilities and management staff, and keep current records. The Sponsor assumes full responsibility for the preparation, contents, and distribution of the current Plan prospectus and the current Fund prospectus, for complying with all applicable requirements of the 1933 Act, the 1940 Act, and any other applicable laws, rules and regulations of governmental authorities having jurisdiction. With respect to any duties for which the Custodian assumes primary responsibility but which it delegates to the Sponsor, the Sponsor covenants and agrees to take all action, and not to omit any action, necessary to carry out such duties, and agrees to furnish to the Custodian, upon request, evidence thereof satisfactory to the Custodian and its counsel. The Sponsor will use its best efforts to make shares of the Fund available for purchase by the Custodian at net asset value.