Performance of Accounting Services Clause Samples

Performance of Accounting Services. Ultimus shall perform the following accounting services for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, per the valuation policy approved by the Board; 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Funds; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from each Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with each Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and repurchase journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities...

Performance of Accounting Services. ▇▇▇▇▇▇▇ shall perform the following accounting services for the Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from the Fund’s investment adviser or its designee, per the valuation policy approved by the Board; 1.3. verify and reconcile with the Fund’s custodian cash and all daily activity; 1.4. compute, as appropriate, the Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review the net asset value calculation and dividend factor (if any) for the Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Fund; 1.7. accrue income of the Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Fund; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator;

Performance of Accounting Services. In addition to the maintenance of the books and records specified above, perform the following accounting services (monthly, unless expressly provided otherwise): a. Calculate the net asset value of the Fund and the balance of each Member's capital account, utilizing prices for the securities held in the Fund's portfolio (including interests in Portfolio Funds and Portfolio Accounts) obtained from sources approved by the Fund, or as provided by the Adviser; b. Reconcile with the custodian and Adviser all trade activity; c. Reconcile cash and investment balances of the Fund with the Fund's custodian, and provide the Investment Manager with the beginning cash balance available for investment purposes. Update the cash availability throughout the day as required by the Investment Manager; d. Confirm the net asset value calculation prior to release to Members; e. Determine unrealized appreciation and depreciation on securities held; f. Post Fund transactions to appropriate general ledger categories; g. Accrue expenses (including management fees and fees payable to service providers) according to budgets prepared; h. Monitor and report to the Fund and its custodian the outstanding receivables and payables for all (1) security trades, (2) transactions in Interests in the Fund and (3) income and expense accounts; and i. Post summary Member activity and reconcile balances, including receivables and payables.

Performance of Accounting Services. ▇▇▇▇▇▇▇ shall perform the following accounting services for the Fund, each in accordance with the Fund’s private placement memorandum or comparable operating document(s): 1.1. periodically calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from the Fund’s investment adviser (the “Adviser”) or its designee, per the valuation policy approved by the Board; 1.3. periodically verify and reconcile with the Fund’s custodian cash and all activity, it being understood and agreed that ▇▇▇▇▇▇▇ will be provided direct, electronic access to such information from the Fund’s custodian. For assets not held at the custodian, statements or other reasonable supporting documentation deemed acceptable by ▇▇▇▇▇▇▇ will be provided, for reconciliation purposes, from a source independent of the Adviser; 1.4. compute, as appropriate, the Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review the net asset value calculation and dividend factor (if any) for the Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Fund; 1.7. accrue income of the Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Fund; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents 1.11. calculate Fund expenses based on instructions from the Fund’s administrator and provide the same to the Adviser for review and approval; 1.12. accrue expenses of the Fund and provide the same to the Adviser for review and approval; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports a...

Performance of Accounting Services. Ultimus shall perform the following accounting services for the Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per unit utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable and/or have been subject to override by the Fund’s investment adviser, then obtain such prices from the Fund’s investment adviser or its designee, per the valuation policy approved by the Board; 1.3. periodically verify and reconcile the Fund’s cash position with the Funds’ custodian, it being understood and agreed that ▇▇▇▇▇▇▇ will be provided direct, electronic access to such information from the Fund’s custodian; 1.4. periodically verify and reconcile the Fund’s non-cash assets with the applicable third-party(ies) holding the same, it being understood and agreed that Ultimus will obtain the information needed to perform such verification and reconciliation directly from the applicable third party(ies); 1.5. compute, as applicable, the Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.6. determine unrealized appreciation and depreciation on securities held by the Fund; 1.7. accrue income of the Fund based upon income estimates obtained from independent pricing services, or if such income estimates are unavailable, then upon income estimates obtained from the Fund’s investment adviser or its designee; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Fund; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator or entity approved by the Board; Ardian Access LLC 1.12. determine the outstanding receivables and payables for all (1) security trades, (2) Fund unit transactions and (3) income and expense accounts; 1.13. provide accounting reports in connection with the Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.14. provide such ad hoc reports as agreed to by the parties; 1.15. prepare and maintain the following records ...

Performance of Accounting Services. In addition to the maintenance of the books and records specified above, BISYS shall perform the following accounting services (monthly, unless expressly provided otherwise): (i) Calculate the net asset value of the Company and the balance of each Member’s capital account, utilizing prices for the securities held in the Fund’s portfolio (including interests in Investment Funds) obtained from sources approved by the Fund, or as provided by the Adviser; (ii) Verify and reconcile with the custodian and Adviser all trade activity; (iii) Reconcile cash balances to bank statements on a daily basis; (iv) Verify the net asset value calculation prior to release to Members, check and confirm the net asset values for reasonableness and deviations; (v) Determine unrealized appreciation and depreciation, other than Investment Funds, on securities held; (vi) Post Fund transactions to appropriate general ledger categories; (vii) Accrue expenses (including management fees and fees payable to service providers) according to budgets prepared in accordance with sub-paragraph (d)(iv) of this Section 1; (viii) Monitor and report to the Company and its custodian the outstanding receivables and payables for all (1) security trades, (2) transactions in limited liability company interests (“Interests”) in the Company and (3) income and expense accounts; and (ix) Post summary Member activity and reconcile balances, including receivables and payables.

Performance of Accounting Services. Ultimus shall perform the following accounting services for the Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below;

Performance of Accounting Services. Ultimus shall perform the following accounting services for each Trust, each in accordance with the Trust’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable and/or have been subject to override by each Trust’s investment adviser, then obtain such prices from each Trust’s investment adviser or its designee; 1.3. verify and reconcile with each Trust’s custodian cash and all daily activity; 1.4. compute, as appropriate, each Trust’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. accrue income of each Trust based upon income estimates obtained from independent pricing services, or if such income estimates are unavailable, then upon income estimates obtained from each Trust’s investment adviser or its designee; 1.6. record investment trades received in proper form from each Trust or its authorized agents on the industry standard T+1 basis; 1.7. calculate Trust expenses based on instructions from each Trust’s administrator or entity approved by the Board; 1.8. determine the outstanding receivables and payables for all (1) security trades, (2) Trust share transactions and (3) income and expense accounts; 1.9. provide system generated accounting reports in connection with each Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.10. provide such ad hoc reports as agreed to by the parties; 1.11. prepare and maintain the following records upon receipt of information in proper form from each Trust or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and Sub-Trust Accounting Addendum Page 1 of 4 August 21, 2024 redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.12. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.13. provide accounting information to each Trust’s indep...