NSCC Covenants Sample Clauses
NSCC Covenants. Schwab and Fund Company agree (i) to perform any and all duties, functions, procedures and responsibilities assigned to them by NSCC rules, procedures or other requirements relating to Fund/SERV (“NSCC Fund/SERV Rules”), Defined Contribution Clearance & Settlement (“NSCC DCC&S Rules”), and Networking (“NSCC Networking Rules”), as applicable, in a competent manner; (ii) to maintain facilities, equipment and skilled personnel sufficient to perform the foregoing activities; (iii) that any information provided to the other party through Fund/SERV, DCC&S, or Networking will be accurate, complete, and in the format prescribed by the NSCC; and (iv) to adopt, implement and maintain procedures reasonably designed to ensure the accuracy of all transmissions through Fund/SERV, DCC&S, or Networking and to limit the access to, and the inputting of data into, Fund/SERV, DCC&S, and Networking to persons specifically authorized by the party.
NSCC Covenants. Schwab and Fund Company agree (i) to perform any and all duties, functions, procedures, and responsibilities assigned to them by NSCC rules, procedures, or other requirements relating to Fund/SERV ("NSCC Fund/SERV"), Defined Contribution Clearance and Settlement ("DCC&S"), Networking ("Networking"), and the NSCC's Mutual Fund Profile Service ("MFPS") as applicable, in a competent manner; (ii) to maintain facilities, equipment, and skilled personnel sufficient to perform the foregoing activities; (iii) that any information provided to the other party through Fund/SERV, Networking, DCC&S, and MFPS will be accurate, complete, and in the format prescribed by the NSCC; (iv) to adopt, implement, and maintain procedures reasonably designed to ensure the accuracy of all transmissions through Fund/SERV, Networking, DCC&S, and MFPS, and (v) to limit the access to, and the inputting of data into, Fund/SERV, Networking, DCC&S, and MFPS to persons specifically authorized by the party.
NSCC Covenants. Each of the Fund and the Company represents and warrants that either (i) it, or an affiliate, is a member of the NSCC and thus is authorized or entitled to use Fund/SERV and Networking, or (ii) it otherwise has access to Fund/SERV and Networking through a duly authorized agent that is a member of the NSCC. Each of the Fund and the Company further represents, warrants and covenants that (i) it will abide by the rules, guidelines and procedures of the NSCC relating to Fund/SERV and Networking; (ii) any information provided to the other party through Fund/SERV and Networking will be accurate, complete, and in the format prescribed by the NSCC; and (iii) it will adopt, implement and maintain procedures reasonably designed to ensure the accuracy of all transmissions through Fund/SERV and Networking and shall limit the access to, and the inputting of data into, Fund/SERV and Networking to specifically authorized persons.
NSCC Covenants. Each party agrees on its own behalf and on behalf of any of its agents that are Fund Members of NSCC (i) to perform any and all duties, functions, procedures, and responsibilities assigned to them by NSCC rules, procedures, or other requirements relating to NSCC services (“NSCC Rules”), including but not limited to Fund/SERV, DCC&S, Networking, and the NSCC’s Mutual Fund Profile Service (“MFPS”) as applicable (collectively the “NSCC Services”) in a competent manner; (ii) to maintain facilities, equipment, and skilled personnel sufficient to perform the foregoing activities; (iii) that any information provided to the other party through NSCC Services will be accurate, complete, and in the format prescribed by the NSCC; (iv) to adopt, implement, and maintain procedures reasonably designed to ensure the accuracy of all transmissions through NSCC Services, and (v) to limit the access to, and the inputting of data into, NSCC Services to persons specifically authorized by the party.