BGOL definition
Examples of BGOL in a sentence
By executing this letter agreement BGOL shall not be deemed to be a party to the Credit Agreement and shall not be bound by any term or condition thereof except as expressly set forth herein.
BGOL acknowledges that the obligations of or arising out of this Agreement are not binding upon any of the Trust’s Trustees, officers, employees, agents or shareholders individually, but are binding solely upon the assets and property of the Trust.
BGOL agrees to provide the Board with any and all information that the Board may reasonably request in connection with the Board’s initial and annual approval of any such 12b-1 Plan or the Board’s quarterly review of any amounts paid pursuant to this Agreement.
BGOL further acknowledges that the assets and liabilities of each Fund are separate and distinct and that the obligations of or arising out of this Agreement concerning a Fund are binding solely upon the assets or property of such Fund and not upon the assets or property of any other Fund.
The Trust (acting on behalf of certain series of the Trust) and BGOL entered into a shareholder servicing agreement on January 1, 2015, pursuant to which the Trust appointed BGOL to act as the shareholder servicer of ten series of the Trust (as amended, the “Shareholder Servicing Agreement”).
In accordance with Section 4 of the Shareholder Servicing Agreement, the parties now wish to amend the Shareholder Servicing Agreement to allow a new series of the Trust to appoint BGOL as shareholder servicer.
For the avoidance of doubt, such payments shall be in addition to, and separate from, the Administration and Supervisory Fee payable by each Fund to BGOL under the Administration and Supervisory Agreement.
In accordance with Section 6(d) of the Investment Advisory Agreement, the parties now wish to amend the Investment Advisory Agreement to allow a new series of the Trust to appoint BGOL as investment advisor and to provide certain other services.
BGOL accepts such appointment and agrees to render the services herein set forth, for the compensation herein provided.
None of the services or activities of BGOL or any Sub-Accounting Agent described herein are intended to result in the sale of shares issued by the Funds, and BGOL shall use reasonable efforts to ensure that payments made under this Agreement do not constitute payments required to be made pursuant to a plan adopted under Rule 12b-1 under the 1940 Act.