SERVICES AS FUND ACCOUNTING AGENT. Each Fund, on behalf of each of its Portfolios, hereby retains the Fund Accounting Agent to perform the services set forth on Appendix B hereto in the manner prescribed, if any, by such Fund's or Portfolio's, as the case may be, currently effective prospectus and statement of additional information, copies of which the Fund will furnish or cause to be furnished to the Fund Accounting Agent after the filing thereof with the Securities and Exchange Commission following the date hereof, or other governing document, a certified copy of which has been supplied to the Fund Accounting Agent. The Fund Accounting Agent hereby accepts such employment to perform the services set forth on Appendix B hereto. The Fund Accounting Agent may, at its own expense, sub-contract with third parties to perform certain of the services to be performed by the Fund Accounting Agent hereunder; provided however that the employment of such third parties shall not reduce the Fund Accounting Agent's obligations or liabilities hereunder, as more particularly set forth in Section 3.02 hereof. The Fund Accounting Agent agrees to perform the services described herein in accordance with the standard of care set forth in Section 3.01(a) hereof. For purposes of calculating the net asset value of a Fund, the Fund Accounting Agent shall value each Fund's portfolio securities utilizing prices obtained from sources designated by such Fund (collectively, the "Authorized Price Sources") on a Price Source Authorization substantially in the form attached hereto as Appendix C, as the same may be amended from time to time, or otherwise designated by means of Proper Instructions (as such term is hereinafter defined) (the "Price Source Authorization").
SERVICES AS FUND ACCOUNTING AGENT. Each Fund, on behalf of each of its Portfolios, hereby retains the Fund Accounting Agent to perform the services set forth on Appendix B hereto. The Fund Accounting Agent hereby accepts such employment to perform the services set forth on Appendix B hereto. The Fund Accounting Agent may, at its own expense, sub-contract with reputable and qualified affiliated entities and/or third parties capable of meeting applicable service level requirements to perform certain of the services (with the exception of final net asset value calculation) to be performed by the Fund Accounting Agent hereunder; provided however that the Fund Accounting Agent shall remain ultimately responsible for providing such services and subject to any liability to each Fund for the acts and omissions of such other entities as provided in Section 3.01(a) below. The Fund Accounting Agent agrees to perform the services described herein in accordance with any service standards pursuant to Section II-A.
