FT Services definition
Examples of FT Services in a sentence
Except as otherwise provided herein, all costs and expenses arising or incurred in connection with the performance of this Agreement shall be paid by FT Services (who, in turn, may allocate such costs and expenses to the appropriate Fund in accordance with the FT Services Agreement).
This indemnity shall be a continuing obligation of FT Services, its successors and assigns, notwithstanding the termination of this Agreement.
Each Compliance Summary Report shall be subject to review and approval by FT Services and the Trust.
In no event will FT Services or the Funds be liable for any settlement of any action or claim effected without their prior written consent.
The Regulatory Support Services performed by BNY Mellon under this Agreement will be at the request and direction of FT Services, the Trust and/or the Trust’s chief compliance officer (the “Trust’s CCO”), as applicable.
FT Services shall reimburse State Street for additional costs (to be mutually agreed upon by the parties) which are reasonably incurred by State Street in the transition.
State Street shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from FT Services.
At any time and from time to time, FT Services also may furnish BNY Mellon with bid, offer, or market values of securities and instruct BNY Mellon in Instructions to use such information in its calculations hereunder.
It will promptly notify FT Services if any of the above ceases to be true or if it is unable to perform any of its obligations under this Agreement for any reason.
State Street agrees to provide to FT Services with certificates of its applicable insurance coverage, and shall provide an update at FT Services’ written request, but no more frequently than annually.