Common use of Limitation of Delegation Clause in Contracts

Limitation of Delegation. The Trust acknowledges and agrees that in accepting the delegation hereunder, the Distributor is agreeing to perform only those aspects of the Trust’s AML Program relating to the implementation and operation of customer accounts as specified in Section 1 above that have been expressly delegated hereby and is not undertaking and shall not be responsible for any other aspect of the Trust’s AML Program or for the overall compliance by the Trust with the USA Patriot Act.

Appears in 5 contracts

Samples: Distribution Agreement (Voya INVESTORS TRUST), Distribution Agreement (Voya INVESTORS TRUST), Distribution Agreement (Ing Investors Trust)

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Limitation of Delegation. The Trust acknowledges and agrees that in accepting the delegation hereunder, the Distributor Placement Agent is agreeing to perform only those aspects of the Trust’s 's AML Program relating to the implementation and operation of customer accounts as specified in Section 1 above that have been expressly delegated hereby and is not undertaking and shall not be responsible for any other aspect of the Trust’s 's AML Program or for the overall compliance by the Trust with the USA Patriot Act.

Appears in 2 contracts

Samples: Placement Agent Agreement (Voya INVESTORS TRUST), Voya INVESTORS TRUST

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