NAV Errors. If an error in pricing the NAV is equal to or greater than 1/2 of 1.0% of the NAV and the effect on any shareholder is greater than $25.00, OFS will reprocess the activity for shareholders who are impacted by $25.00 or more and the responsible party will reimburse the Fund for the amount of the net loss and shall reimburse OFS for all reasonable reprocessing costs. If the error in pricing the NAV is less than 1/2 of 1.0% of the NAV and the Fund is in a net loss position because of a pricing error greater than $0.01 per share, the responsible party will reimburse the Fund for the amount of the net loss.
Appears in 1 contract
Sources: Fund Accounting Service Agreement (Saratoga Advantage Trust)
NAV Errors. If an error in pricing the NAV is equal to or greater than 1/2 of 1.0% of the NAV and the effect on any shareholder is greater than $25.00, OFS will reprocess the activity for shareholders who are impacted by $25.00 or more and the responsible party will reimburse the Fund for the amount of the net loss and shall reimburse OFS for all reasonable reprocessing costs. If the error in pricing the NAV is less than 1/2 of 1/2of 1.0% of the NAV and the Fund is in a net loss position because of a pricing error greater than $0.01 per share, the responsible party will reimburse the Fund for the amount of the net loss.
Appears in 1 contract
Sources: Administrative Service Agreement (DCM Series Trust)