Common use of SUB-CONTRACTING Clause in Contracts

SUB-CONTRACTING. JHSS may subcontract for the performance hereof, provided, however, that (a) upon engagement of any such subcontractor, and at least annually thereafter, JHSS discloses to the Board the financial terms of such subcontract and a summary of the services provided to the Fund pursuant to such subcontract, and (b) JHSS shall be as fully responsible to the Fund for any acts or omissions of any such subcontractor as JHSS is for its own acts and omissions.

Appears in 32 contracts

Sources: Transfer Agency and Service Agreement, Transfer Agency and Service Agreement (John Hancock Tax-Exempt Series Fund), Transfer Agency and Service Agreement (John Hancock Bond Trust)

SUB-CONTRACTING. JHSS may subcontract for the performance hereof, provided, however, that that: (a) upon engagement of any such subcontractor, and at least annually thereafter, JHSS discloses to the Board the financial terms of such subcontract and a summary of the services provided to the Fund pursuant to such subcontract, ; and (b) JHSS shall be as fully responsible to the Fund for any acts or omissions of any such subcontractor as JHSS is for its own acts and omissions.

Appears in 19 contracts

Sources: Transfer Agency and Service Agreement (John Hancock Strategic Series), Transfer Agency and Service Agreement (John Hancock Strategic Series), Transfer Agency and Service Agreement (John Hancock Municipal Securities Trust)