ABIS definition
Examples of ABIS in a sentence
The Fund shall reimburse ABIS for any of the foregoing and for all reasonable out-of-pocket expenses including without limitation telephone, postage and stationery and expenses of a similar nature as ABIS may incur in the execution of its duties under this Agreement.
In the event of any such failure that may affect the performance of the Services, ABIS shall promptly notify the Fund.
ABIS will be responsible for the performance of only those duties set forth in this Agreement and the Schedules thereto.
ABIS will not be responsible for any loss or damage suffered by the Fund with respect to any matter as to which ABIS has satisfied its obligation of reasonable care unless the same results from an act of negligence, fraud or willful misconduct on the part of ABIS.
ABIS will not be liable for any loss arising from any reasonable delay in carrying out any such Instruction while it seeks such missing information, clarification or confirmation or in declining to act upon any Instruction for which it does not receive clarification reasonably satisfactory to it.
ABIS may, with the consent of the Fund, subcontract the performance of any portion of any Services to be provided under this Agreement to any agent of ABIS and may reimburse the agent for those services it performs at such rates as ABIS may determine; provided that no such reimbursement will increase the amount payable by the Fund pursuant to this Agreement; and provided further that ABIS shall remain ultimately responsible as transfer agent to the Fund.
The Fund agrees with ABIS that any information the Fund or the Investment Adviser provides to ABIS pursuant to this Agreement shall be complete and accurate to enable ABIS to perform its responsibilities pursuant to this Agreement.
ABIS will comply with Applicable Law in the United States with respect to the provision of the Services.
ABIS may decline to act upon an Instruction if it does not receive clarification or confirmation reasonably satisfactory to it.
ABIS will also provide reasonable assistance to its successor for such transfer, subject to the payment of reasonable expenses and charges for such assistance.