Common use of Recordkeeping Services Clause in Contracts

Recordkeeping Services. State Street shall act as the recordkeeper and distribution agent in accordance with the provisions of the Partnership's Limited Partnership Agreement and in accordance with such written procedures as may be adopted by the Partnership from time to time. Subject to the Partnership's governing documents and to the direction of the Partnership, State Street as recordkeeper and distribution agent shall: (a) pursuant to the subscription orders accepted by the Partnership, establish accounts for each partner, showing its interests ("Interests" as defined in the Private Placement Memorandum) and hold such Interests in the appropriate account; (b) receive and process orders for the purchase of Partnership Interests and promptly deliver appropriate data (including payment instructions) with respect to accepted purchase orders to the Partnership or its authorized agent; (c) maintain a register of partners of the Partnership (the "Register") in accordance with applicable law and the Partnership's Limited Partnership Agreement; record the issuance and redemption of Interests and maintain a record of the total number of Interests of the Partnership; (d) prepare and transmit payments for distributions, if any, declared by the Partnership pursuant to the instructions contained in the partners' subscription agreements with the Partnership; and (e) subject to the Partnership's Limited Partnership Agreement and the Partnership's then current registration statement, effect transfers or redemptions of Partnership Interests by the registered owners thereof upon receipt of appropriate documentation in respect thereof from the General Partner as provided in the Partnership's Limited Partnership Agreement. State Street shall have no obligation, when recording the purchase of Interests, to monitor the purchase of such Interests or to take cognizance of any laws relating to the issue or sale of such Interests. Such obligations shall be the responsibility of the Partnership. State Street shall provide such additional recordkeeping services on behalf of the Partnership as may be agreed upon in writing by the Partnership and State Street from time to time.

Recordkeeping Services. State Street shall act as the recordkeeper and distribution agent in accordance with the provisions of the Partnership's ’s Limited Partnership Agreement and in accordance with such written procedures as may be adopted by the Partnership from time to time. Subject to the Partnership's ’s governing documents and to the direction of the Partnership, State Street as recordkeeper and distribution agent shall: (a) pursuant to the subscription orders accepted by the Partnership, establish accounts for each partner, showing its interests ("“Interests" ” as defined in the Private Placement Memorandum) and hold such Interests in the appropriate account; (b) receive and process orders for the purchase of Partnership Interests and promptly deliver appropriate data (including payment instructions) with respect to accepted purchase orders to the Partnership or its authorized agent; (c) maintain a register of partners of the Partnership (the "“Register"”) in accordance with applicable law and the Partnership's ’s Limited Partnership Agreement; record the issuance and redemption of Interests and maintain a record of the total number of Interests of the Partnership; (d) prepare and transmit payments for distributions, if any, declared by the Partnership pursuant to the instructions contained in the partners' ’ subscription agreements with the Partnership; and (e) subject to the Partnership's ’s Limited Partnership Agreement and the Partnership's ’s then current registration statement, effect transfers or redemptions repurchases of Partnership Interests by the registered owners thereof upon receipt of appropriate documentation in respect thereof from the General Partner as provided in the Partnership's ’s Limited Partnership Agreement. State Street ▇▇▇▇▇ ▇▇▇▇▇▇ shall have no obligation, when recording the purchase of Interests, to monitor the purchase of such Interests or to take cognizance of any laws relating to the issue or sale of such Interests. Such obligations shall be the responsibility of the Partnership. State Street shall provide such additional recordkeeping services on behalf of the Partnership as may be agreed upon in writing by the Partnership and State Street from time to time.