Ownership/Retention/Destruction of Records Clause Samples
Ownership/Retention/Destruction of Records. A. ▇▇▇▇▇▇▇ agrees that all such books, records, and other data (except computer programs and procedures) developed to perform the Services (collectively, the “Client Records”) shall be the property of the Trust or Fund.
B. The Trust, on behalf of each Fund, agrees to reimburse ▇▇▇▇▇▇▇ for the cost of maintaining the Client Records, which shall include any storage, copying, transmission, and/or destruction of the Client Records as provided for hereunder.
C. ▇▇▇▇▇▇▇ will keep the Client Records for so long as may be required by Federal Securities Laws and upon expiration of any such required holding period will destroy the Client Records at the Trust’s or Funds’ expense in accordance with Ultimus’ Records Destruction Policy. If the Trust or Fund does not want the Client Records destroyed, the Trust or Fund may request in writing that ▇▇▇▇▇▇▇ preserve the Client Records, whereupon Ultimus will Ultimus ETF Master Services Agreement continue to store the Client Records at the Trust’s or Funds’ expense until such time as otherwise notified by the Trust or Fund in writing.
D. ▇▇▇▇▇▇▇ agrees to provide the Client Records to the Trust or a Fund, at the expense of the Trust or Fund, upon reasonable request, and to make such books and records available for inspection by the Trust, a Fund, or its regulators at reasonable times.
E. ▇▇▇▇▇▇▇ agrees to furnish to the Trust (if this Agreement is terminated in whole), a Fund or Funds (if this Agreement is terminate only with respect to such Fund(s)), or to such other third-party as the Trust or such Fund(s) may direct, at the expense of the Trust or such Fund(s), all Client Records in the electronic or other medium in which such material is then maintained by ▇▇▇▇▇▇▇ as soon as reasonably practicable after any such termination of this Agreement. If Ultimus is required by Federal Securities Laws to maintain any Client Records, it will provide the Trust, such Fund(s), or such other third-party as the Trust or such Fund(s) may direct with copies of the Client Records as soon as reasonably practical after the termination.
F. If this Agreement is terminated as a result of the liquidation of the Trust or any Fund, Ultimus will destroy all Client Records of the liquidating Trust and/or Fund(s) (as applicable) upon the expiration of any such required holding period required by Federal Securities Laws.
Ownership/Retention/Destruction of Records. A. ▇▇▇▇▇▇▇ agrees that all such books, records, and other data (except computer programs and procedures) developed to perform the Services (collectively, the “Client Records”) shall be the property of the Fund.
B. The Fund agrees to reimburse ▇▇▇▇▇▇▇ for the cost of maintaining the Client Records, which shall include any storage, copying, transmission, and/or destruction of the Client Records as provided for hereunder.
C. ▇▇▇▇▇▇▇ will keep the Client Records for so long as may be required by Federal Securities Laws, and upon expiration of any such required holding period will destroy the Client Records at the Fund’s expense in accordance with Ultimus’ Records Destruction Policy and in a manner consistent with the Fund’s document retention procedures. If the Fund does not want the Client Records destroyed, the Fund may request in writing that Ultimus preserve the Client Records, whereupon Ultimus will continue to store the Client Records at the Fund’s expense until such time as otherwise notified by the Fund in writing.
D. ▇▇▇▇▇▇▇ agrees to provide the Client Records to the Fund, at the expense of the Fund, upon reasonable request, and to make such books and records available for inspection by the Fund or its regulators at reasonable times.
E. ▇▇▇▇▇▇▇ agrees to furnish to the Fund, or to such other third-party as the Fund may direct, at the expense of the Fund, all Client Records in the electronic or other medium in which such material is then maintained by ▇▇▇▇▇▇▇ as soon as reasonably practicable after any such termination of this Agreement. If Ultimus is required by Federal Securities Laws to maintain any Client Records, it will provide the Fund, or such other third-party as the Fund may direct with copies of the Client Records as soon as reasonably practical after the termination.
F. If this Agreement is terminated as a result of the liquidation of the Fund, ▇▇▇▇▇▇▇ will destroy all Client Records of the liquidating Fund upon the expiration of any such required holding period required by Federal Securities Laws.