Common use of Representations of BISYS Clause in Contracts

Representations of BISYS. BISYS represents and warrants that: (a) BISYS has been in, and shall continue to be in, substantial compliance with all provisions of law, including Section 17A(c) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") required in connection with the performance of its duties under this Agreement; and (b) the various procedures and systems which BISYS has implemented with regard to safekeeping from loss or damage attributable to fire, theft or any other cause of the blank checks, records, and other data of the Company and BISYS' records, data, equipment, facilities and other property used in the performance of its obligations hereunder are adequate and that it will make such changes therein from time to time as are required for the secure performance of its obligations hereunder. BISYS agrees to perform comprehensive tests on the systems it utilizes to provide the services hereunder to identify any operational issues caused by the century change. BISYS agrees to use all commercially reasonable efforts to implement by December 31, 1999, all necessary updates and changes to such systems, if any, to accommodate the turn of the century. BISYS agrees to provide to the Company monthly updates on the status of its Year 2000 readiness project and to make its personnel reasonably available to address any questions. In particular and, without limiting the foregoing, BISYS shall notify the Company of any circumstances known to BISYS which are likely to cause BISYS's systems to be Year 2000 noncompliant and which would likely have an adverse effect on the Funds. In the event that the Company reasonably determines that any of the systems BISYS utilizes to perform services hereunder will not be Year 2000 compliant and that such lack of compliance will have an adverse effect on the Company, the Company shall provide written notice to BISYS describing, in reasonable detail, any defect or problem relating to such system(s) promptly upon becoming aware of any such defect or problem. BISYS agrees to use all commercially reasonable efforts to cure any defect or deficiency that relates to the turn of the century in any system that BISYS utilizes to provide services hereunder. This paragraph does not alter the obligations of BISYS under the preceding paragraph.

Representations of BISYS. BISYS represents and warrants that: (a) BISYS has been in, and shall continue to be in, substantial compliance with all provisions of law, including Section 17A(c) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") ), required in connection with the performance of its duties under this Agreement; and (b) the various procedures and systems which BISYS has implemented with regard to safekeeping from loss or damage attributable to fire, theft or any other cause of the blank checks, records, and other data of the Company and BISYS' records, data, equipment, facilities and other property used in the performance of its obligations hereunder are adequate and that it will make such changes therein from time to time as are required for the secure performance of its obligations hereunder. BISYS agrees to perform comprehensive tests on the systems it utilizes to provide the services hereunder to identify any operational issues caused by the century change. BISYS agrees to use all commercially reasonable efforts to implement by December 31, 1999, all necessary updates and changes to such systems, if any, to accommodate the turn of the century. BISYS agrees to provide to the Company monthly updates on the status of its Year 2000 readiness project and to make its personnel reasonably available to address any questions. In particular and, without limiting the foregoing, BISYS shall notify the Company of any circumstances known to BISYS which are likely to cause BISYS's systems to be Year year 2000 noncompliant non-compliant and which would likely have an adverse effect on the Funds. In the event that the Company reasonably determines that any of the systems BISYS utilizes to perform services hereunder will not be Year 2000 compliant and that such lack of compliance will have an adverse effect on the Company, the Company shall provide written notice to BISYS describing, in reasonable detail, any defect or problem relating to such system(s) promptly upon becoming aware of any such defect or problem. BISYS agrees to use all commercially reasonable efforts to cure any defect or deficiency that relates to the turn of the century in any system that BISYS utilizes to provide services hereunder. This paragraph does not alter the obligations of BISYS under the preceding paragraph.

Representations of BISYS. BISYS represents and warrants that: (a) BISYS has been in, and shall continue to be in, substantial compliance with all provisions of law, including Section 17A(c) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") ), required in connection with the performance of its duties under this Agreement; and (b) the various procedures and systems which BISYS has implemented with regard to safekeeping from loss or damage attributable to fire, theft or any other cause of the blank checks, records, and other data of the Company and BISYS' records, data, equipment, facilities and other property used in the performance of its obligations hereunder are adequate and that it will make such changes therein from time to time as are required for the secure performance of its obligations hereunder. BISYS agrees to perform comprehensive tests on the systems it utilizes to provide the services hereunder to identify any operational issues caused by the century change. BISYS agrees to use all commercially reasonable efforts to implement by December 31, 1999, 1999 all necessary updates and changes to such systems, if any, to accommodate the turn of the century. BISYS agrees to provide to the Company monthly updates on the status of its Year 2000 readiness project and to make its personnel reasonably available to address any questions. In particular and, without limiting the foregoing, BISYS shall notify the Company of any circumstances known to BISYS which are likely to cause BISYS's systems to be Year 2000 noncompliant non-compliant and which would likely have an adverse effect on the Funds. In the event that the Company reasonably determines that any of the systems BISYS utilizes to perform services hereunder will not be Year 2000 compliant and that such lack of compliance will have an adverse effect on the Company, the Company shall provide written notice to BISYS describing, in reasonable detail, any defect or problem relating to such system(s) promptly upon becoming aware of any such defect or problem. BISYS agrees to use all commercially reasonable efforts to cure any defect or deficiency that relates to the turn of the century in any system that BISYS utilizes to provide services hereunder. This paragraph does not alter the obligations of BISYS under the preceding paragraph.

Representations of BISYS. BISYS represents and warrants that: (a) BISYS has been in, and shall continue to be in, substantial compliance with all provisions of law, including Section 17A(c) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") ), required in connection with the performance of its duties under this Agreement; and (b) the various procedures and systems which BISYS has implemented with regard to safekeeping from loss or damage attributable to fire, theft or any other cause of the blank checks, records, and other data of the Company Trust and BISYS' records, data, equipment, facilities and other property used in the performance of its obligations hereunder are adequate and that it will make such changes therein from time to time as are required for the secure performance of its obligations hereunder. BISYS agrees to perform comprehensive tests on the systems it utilizes to provide the services hereunder to identify any operational issues caused by the century change. BISYS agrees to use all commercially reasonable efforts to implement by December 31, 1999, all necessary updates and changes to such systems, if any, to accommodate the turn of the century. BISYS agrees to provide to the Company Trust monthly updates on the status of its Year 2000 readiness project and to make its personnel reasonably available to address any questions. In particular and, without limiting the foregoing, BISYS shall notify the Company Trust of any circumstances known to BISYS which are likely to cause BISYS's systems to be Year year 2000 noncompliant non-compliant and which would likely have an adverse effect on the Funds. In the event that the Company Trust reasonably determines that any of the systems BISYS utilizes to perform services hereunder will not be Year 2000 compliant and that such lack of compliance will have an adverse effect on the CompanyTrust, the Company Trust shall provide written notice to BISYS describing, in reasonable detail, any defect or problem relating to such system(s) promptly upon becoming aware of any such defect or problem. BISYS agrees to use all commercially reasonable efforts to cure any defect or deficiency that relates to the turn of the century in any system that BISYS utilizes to provide services hereunder. This paragraph does not alter the obligations of BISYS under the preceding paragraph.

Representations of BISYS. BISYS represents and warrants that: (a) BISYS has been in, and shall continue to be in, substantial compliance with all provisions of law, including Section 17A(c) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") required in connection with the performance of its duties under this Agreement; and (b1) the various procedures and systems which BISYS has implemented with regard to safekeeping safeguarding from loss or damage attributable to fire, theft theft, or any other cause of the blank checks, records, and other data of the Company and BISYS' 's records, data, equipment, equipment facilities and other property used in the performance of its obligations hereunder are adequate and that it will make such changes therein from time to time as are required for the secure performance of its obligations hereunder, and (2) this Agreement has been duly authorized by BISYS and, when executed and delivered by BISYS, will constitute a legal, valid and binding obligation of BISYS, enforceable against BISYS in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties. BISYS agrees to perform comprehensive tests on the systems it utilizes to provide the services hereunder to identify any operational issues caused by the century change. BISYS agrees to use all commercially reasonable efforts to implement by December 31, 1999, 1999 all necessary updates and changes to such systems, if any, to accommodate the turn of the century. BISYS agrees to provide to the Company monthly updates on the status of its Year 2000 readiness project and to make its personnel reasonably available to address any questions. In particular and, without limiting the foregoing, BISYS shall notify the Company of any circumstances known to BISYS which are likely to cause BISYS's systems to be Year 2000 noncompliant non-compliant and which would likely have an adverse effect on the Funds. In the event that the Company reasonably determines that any of the systems BISYS utilizes to perform services hereunder will not be Year 2000 compliant and that such lack of compliance will have an adverse effect on the Company, the Company shall provide written notice to BISYS describing, in reasonable detail, any defect or problem relating to such system(s) promptly upon becoming aware of any such defect or problem. BISYS agrees to use all commercially reasonable efforts to cure any defect or deficiency that relates to the turn of the century in any system that BISYS utilizes to provide services hereunder. This paragraph does not alter the obligations of BISYS under the preceding paragraph.