Empirical definition
Examples of Empirical in a sentence
In maintaining books and records under this paragraph, Empirical may use micrographic and electronic storage media as well as independent third party storage facilities, to the extent permitted under the 1940 Act.
This Agreement shall be binding upon and inure to the benefit of the Trust and Empirical and their respective successors and assigns, provided that no party hereto may assign this Agreement or any of its rights or obligations hereunder without the written consent of the other party.
Empirical and the Trust each represent that it has the full legal right and power and all authority and approval required to enter into, execute and deliver this Agreement and to perform its respective obligations hereunder.
Empirical agrees, at its own expense or at the expense of one or more of its affiliates, to render the Services and to provide the office space, furnishings, equipment and personnel as may be reasonably required in the judgment of the Board and officers of the Trust to perform the Services on the terms and for the compensation provided for herein.
Empirical will maintain and preserve on behalf of the Trust books and records related to Empirical’s provision of the Services as and to the extent required by the 1940 Act.
The Trust and each respective Fund will pay its portion of the Fees to Empirical on a monthly basis within ten days of each calendar month end.
Empirical acknowledges that the records maintained and preserved by Empirical pursuant to this Agreement are the property of the Trust and will be, at the Trust’s expense, surrendered promptly upon reasonable request.
The Trust hereby engages Empirical to provide the Services to the Trust on the terms and conditions set forth in this Agreement, and Empirical hereby accepts such engagement and agrees to perform the Services in consideration of the compensation provided for herein.
The Trust, on behalf of each Fund, will pay Empirical fees for providing the Services (the “Fees”) as described on Exhibit B.
Subject to the direction and control of the Board of Trustees of the Trust (the “Board”), Empirical will perform the Services for each Fund of the Trust listed on Exhibit B (as the same may be amended from time to time by the Board, in its sole discretion).