Set-Up / File Maintenance. (i) BNY shall accept from each Fund or its designee, the relevant information pertaining to the Loans, and thereafter maintain paper or electronic copies of same in BNY’s system, including as available or appropriate, copies of all new assignment and acceptance agreements, funding memoranda, current loan or credit agreements. (ii) BNY shall record daily interest accruals for each Loan held in any Fund. (iii) BNY shall record and process validated interest, principal and fee payments to such Fund’s designated account. (iv) BNY shall record and process rollovers, re-pricings, conversions and margin changes for Loans held in any Fund.
Appears in 5 contracts
Sources: Fund Administration and Accounting Agreement (Guggenheim Variable Funds Trust), Fund Administration and Accounting Agreement (Guggenheim Strategy Funds Trust), Fund Administration and Accounting Agreement (Guggenheim Funds Trust)