Common use of Itemized Services Clause in Contracts

Itemized Services. PFPC shall: (i) Calculate 12b-1 payments and payments under any Shareholder Services Plan of the Fund, produce and mail statements and checks where applicable or generate payments through the National Securities Clearing Corp. (the "NSCC") to all eligible dealers, and forward ineligible checks and statements to Aquila Distributors, Inc. (the "Distributor"); (ii) Make weekly payment of direct commissions, including settlement through NSCC; (iii) Establish and maintain proper shareholder registrations; (iv) Review new applications for required information and correspond with shareholders to complete or correct information; (v) Provide payment processing of checks or wires; (vi) Prepare and certify stockholder lists in conjunction with proxy solicitations;