Common use of SHAREHOLDER SERVICING AGENT Clause in Contracts

SHAREHOLDER SERVICING AGENT. (a) The Shareholder Servicing Agent shall perform all of the duties with respect to recordkeeping of Units and Unit holders, distributions, redemption of Units and communications to and with Unit holders listed below. (1) The Shareholder Servicing Agent shall keep proper books of record and account of all of the transactions in the Units of each Trust under this Indenture at its corporate office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be made available to the Trustee and the Depositor promptly upon request and open to inspection by any Unit holder of such Trust, with respect to such Unit holders transactions, at all reasonable times during usual business hours. Without limiting the foregoing, the Shareholder Servicing Agent shall make any records or documents described in Reg. 270.31(a)-1 under the Investment Company Act of 1940 available promptly to the Trustee and the Depositor upon request during usual business hours and will preserve such records and documents for the periods prescribed in Reg. 270.31 (a) 2 thereunder. (2) The Shareholder Servicing Agent shall distribute on or shortly after the Distribution Dates specified in the Trust Agreement to each Unit holder of record on its books on the Record Date for each such Distribution Date specified in the Trust Agreement such Unit holder's distribution as computed under the Standard Terms and Conditions of Trust, to the extent that the Shareholder Servicing Agreement has received the amount of such distributions pursuant to Section 3.05 of the Standard Terms and Conditions of Trust. (3) In connection with such distributions set forth above, the Shareholder Servicing Agent shall furnish a Distribution Statement to Unit holders of record on its books. The content and frequency of such Distribution Statements shall in no respect be less detailed or frequent than that specified in Section 3.06 of the Standard Terms and

SHAREHOLDER SERVICING AGENT. (a) The Shareholder Servicing Agent shall perform all of the duties with respect to recordkeeping of Units and Unit holders, distributions, redemption of Units and communications to and with Unit holders listed below. (1) The Shareholder Servicing Agent shall keep proper books of record and account of all of the transactions in the Units of each Trust under this Indenture at its corporate office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be made available to the Trustee and the Depositor promptly upon request and open to inspection by any Unit holder of such Trust, with respect to such Unit holders transactions, Trust at all reasonable times during usual business hours. Without limiting the foregoing, the Shareholder Servicing Agent shall make any records or documents described in Reg. 270.31(a)-1 270.31 (a) 1 under the Investment Company Act of 1940 available promptly to the Trustee and the Depositor upon request during usual business hours and will preserve such records and documents for the periods prescribed in Reg. 270.31 (a) 2 thereunder. (2) The Shareholder Servicing Agent shall distribute on or shortly after the Distribution Dates specified in the Trust Agreement to each Unit holder of record on its books on the Record Date for each such Distribution Date specified in the Trust Agreement such Unit holder's holders distribution as computed under the Standard Terms and Conditions of Trust, to the extent that the Shareholder Servicing Agreement has received the amount of such distributions pursuant to Section 3.05 of the Standard Terms and Conditions of Trust. (3) In connection with such distributions set forth above, the Shareholder Servicing Agent shall furnish a Distribution Statement to Unit holders of record on its books. The content and frequency of such Distribution Statements shall in no respect be less detailed or frequent than that specified in Section 3.06 of the Standard Terms andand Conditions of Trust. (4) The Shareholder Servicing Agent shall transmit to each Unit holder of record any notice or other communication received from the Trustee and shall be solely responsible for soliciting and transmitting to the Trustee any notice required from Unit holders. (5) For purposes of permitting Unit holders to satisfy any reporting requirements of applicable federal or state tax law, the Shareholder Servicing Agent shall transmit to any Unit holder of record on its books any reports is receives from the Trustee pursuant to Section 4.02 of the Standard Terms and Conditions of Trust. (6) The Shareholder Servicing Agent shall distribute to redeeming Unit holders of record on its books redemption proceeds it receives pursuant to Section 5.02 of the Standard Terms and Conditions of Trust from the Trustee as the sole record owner of Units on the Trustees books.