Common use of Rule 38a-1 Compliance Program Clause in Contracts

Rule 38a-1 Compliance Program. Agent will maintain written policies and procedures reasonably designed to prevent violations of the Federal Securities Laws, as that term is defined in Rule 38a-1, adopted by the Securities and Exchange Commission under the Investment Company Act of 1940, as amended ("Rule 38a-1") with respect to the services provided by Agent hereunder. Agent will provide to Client in connection with any periodic annual or semi-annual stockholder report filed by Client and, if requested by Client, in connection with Client filings on Form N-Q, a sub-certification in a form reasonably requested by Client, relating to Agent’s performance of services hereunder and Agent’s related internal controls. In addition, on a quarterly basis, Agent will provide to Client a certification in connection with Rule 38a-1 in a form reasonably requested by Client. Upon Client’s request, Agent will provide Client with a summary of its policies and procedures in connection with Client’s compliance with Rule 38a-1 and will provide such explanations of its policies and procedures as Client may reasonably request. To the extent Agent makes any material changes to its written policies and procedures in order to address changing regulatory and industry developments that would impact Client’s compliance with Rule 38a-1, it will notify Client of any such changes in a timely manner.

Rule 38a-1 Compliance Program. Agent will maintain written policies and procedures reasonably designed to prevent violations of the Federal Securities Laws, as that term is defined in Rule 38a-1, adopted by the Securities and Exchange Commission under the Investment Company Act of 1940, as amended ("Rule 38a-1") with respect to the services provided by Agent hereunder. Agent will provide to Client in connection with any periodic annual or semi-annual stockholder report filed by Client and, if requested by Client, in connection with Client filings on Form N-Q, a sub-certification in a form form, reasonably requested by Client, relating to Agent’s performance of services hereunder and Agent’s related internal controls. In addition, on a quarterly basis, Agent will provide to Client a certification in connection with Rule 38a-1 in a form reasonably requested by Client38a-1. Upon Client’s request, Agent will provide Client with a summary of its policies and procedures in connection with Client’s compliance with Rule 38a-1 and will provide such explanations of its policies and procedures as Client may reasonably request. To the extent Agent makes any material changes to its written policies and procedures in order to address changing regulatory and industry developments that would impact Client’s compliance with Rule 38a-1, it will notify Client of any such changes in a timely manner.