Sub-Transfer Agency Services Sample Clauses
The Sub-Transfer Agency Services clause defines the responsibilities and scope of services provided by a sub-transfer agent in relation to the administration of investor accounts and processing of transactions. Typically, this clause outlines tasks such as maintaining shareholder records, processing purchases and redemptions, and handling communications with investors on behalf of the primary transfer agent or fund. By clearly delineating these duties, the clause ensures efficient management of investor services and helps prevent misunderstandings regarding the division of administrative responsibilities.
Sub-Transfer Agency Services. Subject to the terms and conditions set forth in this Agreement, the Transfer Agent and the Funds hereby employ and appoint the Sub-Transfer Agent to act as, and the Sub-Transfer Agent agrees to act as, the agent of the Transfer Agent for the shares of the Funds in connection with any accumulation, open-account, retirement plans or similar plan provided to the shareholders of each Fund (“Shareholders”) and set out in the currently effective prospectus and statement of additional information (“prospectus”) of each such Fund, including without limitation any periodic investment plan or periodic withdrawal program. As used herein, the term “Shares” means the authorized and issued shares of common stock, or shares of beneficial interest, as the case may be, for each of the Funds (including each series thereof) enumerated in Schedule A. In accordance with procedures established from time to time by agreement between the Transfer Agent and the Sub-Transfer Agent, and as further defined in Section 1.2(h), the Sub-Transfer Agent agrees that it will perform the following Shareholder and Record-Keeping services:
(a) Receive for acceptance, orders for the purchase of Shares, and promptly deliver payment and appropriate documentation thereof to the Custodian of the Fund authorized pursuant to the Agreement and Declaration of Trust of the Fund (the “Custodian”);
(b) Pursuant to purchase orders, issue the appropriate number of Shares and hold such Shares in the appropriate Shareholder account;
(c) Receive for acceptance redemption requests and redemption directions and deliver the appropriate documentation thereof to the Custodian;
(d) In respect to the transactions in items (a), (b) and (c) above, the Sub-Transfer Agent shall execute transactions directly with broker-dealers authorized by the Fund;
(e) At the appropriate time as and when it receives monies paid to it by the Custodian with respect to any redemption, pay over or cause to be paid over in the appropriate manner such monies as instructed by the redeeming Shareholders;
(f) Effect transfers of Shares by the registered owners thereof upon receipt of appropriate instructions;
(g) Prepare and transmit payments for dividends and distributions declared by the Fund;
(h) Issue replacement certificates for those certificates alleged to have been lost, stolen or destroyed upon receipt by the Sub-Transfer Agent of indemnification satisfactory to the Sub-Transfer Agent and protecting the Sub-Transfer Agent and the Fund,...
Sub-Transfer Agency Services. Subject to the terms and conditions set forth in this Agreement, the Transfer Agent hereby employs and appoints the Sub-Transfer Agent to act as, and the Sub-Transfer Agent agrees to act as, the agent of the Transfer Agent for the shares of the Funds in connection with any accumulation, open-account, retirement plans or similar plan provided to the shareholders of each Fund ("Shareholders") and set out in the currently effective prospectus and statement of additional information ("prospectus") of each such Fund, including without limitation any periodic investment plan or periodic withdrawal program. As used herein, the term "Shares" means the authorized and issued shares of common stock, or shares of beneficial interest, as the case may be, for each of the Funds (including each series thereof) enumerated in Schedule A. In accordance with procedures established from time to time by agreement between the Transfer Agent and the Sub-Transfer Agent, the Sub-Transfer Agent agrees that it will perform the following Shareholder and Record-Keeping services:
Sub-Transfer Agency Services. Subject to the terms and conditions set forth in this Agreement, (a) the Transfer Agent hereby engages KSvC to provide, and KSvC agrees to provide, and (b) the Transfer Agent hereby appoints KSvC as, and KSvC accepts such appointment and agrees to act as, sub-transfer agent for the purpose of providing, the Sub-Transfer Agency Services.
Sub-Transfer Agency Services. Subject to the terms and conditions set forth in this Agreement, the Transfer Agent on behalf of the Fund hereby employs and appoints the Sub-Transfer Agent to act as, and the Sub-Transfer Agent agrees to act as, the agent of the Transfer Agent for the shares of the Funds in connection with any accumulation, open-account, retirement plans or similar plan provided to the Shareholders and set out in the currently effective prospectus and statement of additional information of the Fund, including without limitation any periodic investment plan or periodic withdrawal program. In accordance with the Procedures, the Sub-Transfer Agent agrees that it will perform the services set forth on the attached Sub-Transfer Agent Duties Schedule (“Schedule 1.2”).
Sub-Transfer Agency Services. Subject to the terms and conditions set forth in this Agreement, the Transfer Agent hereby employs and appoints the Bank to act as, and the Bank agrees to act as, the agent of the Transfer Agent for the shares of the Trust in connection with any accumulation, open-account, retirement plans or similar plan provided to the shareholders of each Fund ("Shareholders") and set out in the currently effective prospectus and statement of additional information ("prospectus") of the Trust, including without limitation any periodic investment plan or periodic withdrawal program. As used herein, the term "Shares" means the authorized and issued shares of common stock, or shares of beneficial interest, as the case may be, for the Trust (including each series thereof) enumerated in Schedule A. The Bank agrees that it will perform the following Shareholder and Record-Keeping services:
Sub-Transfer Agency Services. The Trust Company will provide, or cause and permit one of its affiliates designated for such purpose (as identified in such instruction from the Trust Company) to provide, the following sub-transfer agency services to the Plans and Plan Participants with respect to the Funds:
(a) establish the accounts and maintain sub-accounts for each of its Client- shareholder’s purchase of Shares;
(b) maintain separate records for each of its Client-shareholders, which records shall reflect Shares purchased and redeemed, including the time, date and price for all transactions, Share balances, the customer name, address, zip code and tax identification number;
(c) accept orders from its Client-shareholders for the purchase and redemption of Shares, transmit such orders to the Series Trust and arrange for the transmission of funds to and from the Funds;
(d) disburse dividends and distributions to Client-shareholders and/or arrange for reinvestment in Shares;
(e) transmit to Client-shareholders confirmations of purchase and redemption orders as required by applicable law or regulation;
(f) as required by applicable law or regulation, prepare and transmit to Client-shareholders periodic account statements showing, among other appropriate information, the total number of Shares owned and the net asset value of Shares as of the statement closing date, purchases and redemptions of Shares during the period and other distributions during the statement period (whether paid in cash or reinvested) and integrate such statements with those of other transactions and balances in Client- shareholders’ other accounts serviced by the Trust Company;
(g) maintain all account balance information for Client-shareholders and daily and monthly purchase activities expressed in Shares and dollar amounts;
(h) transmit to its Client-shareholders Fund documentation as required by applicable law or regulation;
(i) prepare, file or transmit all federal, state and local government reports and returns as required by applicable law or regulation;
(j) transmit to the Series Trust or its designee such periodic reports as the Series Trust shall reasonably request as necessary to enable the Funds to comply with applicable law or regulation;
(k) respond to its Client-shareholders’ inquiries regarding, among other things, Share prices, account balances and other applicable Fund information;
(l) perform any other services reasonably agreed by the parties hereto; and
(m) maintain all other records required to ...
Sub-Transfer Agency Services. Subject to the terms and conditions set forth in this Agreement, the Funds and VFS hereby employ and appoint Boston Financial to act as, and Boston Financial agrees to act as, the Sub-Transfer Agent for each Fund's authorized and issued shares ("Shares"), dividend disbursing agent, and shareholder servicing agent in connection with any accumulation, open-account or similar plan provided to the shareholders of each Fund ("Shareholders"), including without limitation any periodic investment plan or periodic withdrawal program.”
Sub-Transfer Agency Services. Subject to the terms and conditions set forth in this Agreement, the Transfer Agent hereby employs and appoints the Sub-Transfer Agent to act as, and the Sub-Transfer Agent agrees to act as, the agent of the Transfer Agent in the provision of services as transfer agent and dividend disbursing agent and related capacities with respect to the Shares of the Funds and, as relevant, as agent in connection with any accumulation, open-account, retirement plans or similar plan provided to the shareholders of each Fund ("Shareholders") and set out in the currently effective prospectus and statement of additional information ("prospectus") of each such Fund, including without limitation any periodic investment plan or periodic withdrawal program. As used herein, the term "Shares" means the authorized and issued shares of common stock, or shares of beneficial interest, as the case may be, for each of the Funds (including each series thereof) enumerated in Schedule A. In accordance with procedures established from time to time by agreement between the Transfer Agent and the Sub-Transfer Agent, the Sub-Transfer Agent agrees that it will perform the following services:
Sub-Transfer Agency Services. Subject to the terms and conditions set forth in this Agreement, the Transfer Agent hereby employs and appoints ALPS to act as, and ALPS agrees to act as, the sub-transfer agent for the Trust's authorized and issued shares of beneficial interest, and the dividend disbursing agent. As used herein, the term "Shares" means the authorized and issued shares of common stock, or shares of beneficial interest, as the case may be, for the Trust (including each series thereof) enumerated in Schedule A. ALPS agrees that it will perform the following Shareholder and Record-Keeping services: