Net Material Loss definition
Net Material Loss shall be defined as any remaining loss, after netting losses against any gains, which impacts a Fund's net asset value per share by more than 1/2 cent. Gains and losses will be reflected on the Fund's daily share sheet, and the Fund will be reimbursed for any net material loss on a monthly basis. USBFS will reset the as of ledger each calendar month so that any losses which do not exceed the materiality threshold of 1/2 cent will not be carried forward to the next succeeding month. USBFS will notify the advisor to the Fund on the daily share sheet of any losses for which the advisor may be held accountable.
Net Material Loss shall be defined as any remaining loss, after netting losses against any gains, which impacts the Fund's net asset value by more than 1/2 cent. Gains and losses will be accumulated on a daily basis, will be reflected on the Fund's daily share sheet, and will be settled on a monthly basis. FMFS will notify the Fund's advisor on the daily share sheet of any losses for which the Fund's adviser may be held accountable.
Net Material Loss shall be defined as any remaining loss, after netting losses against any gains, which impacts the Fund’s net asset value per share by at least 1⁄2 cent. Gains and losses will be reflected on the Fund’s daily share sheet, and the Fund will be reimbursed for any Net Material Loss on a monthly basis. USBFS will reset the “as of” ledger each calendar month so that any losses that do not exceed the materiality threshold of 1⁄2 cent will not be carried forward to the next succeeding month. USBFS will notify the Fund’s investment adviser on the daily share sheet of any losses for which such investment adviser may be held accountable. USBFS will supply the Fund from time to time, as mutually agreed upon, reports summarizing the as-of transactions identified pursuant this policy.
Examples of Net Material Loss in a sentence
Gains and losses will be reflected on the Fund’s daily share sheet, and the Fund will be reimbursed for any Net Material Loss on a monthly basis.
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇▇ Title: Treasurer Title: Executive Vice President By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Treasurer USBFS will reimburse each Fund for any Net Material Loss that may exist on the Fund’s books and for which USBFS is responsible, at the end of each calendar month.
Name: Name: Title: Title: ▇▇▇▇▇▇▇® MLP Infrastructure Fund USBFS will reimburse each Fund for any Net Material Loss that may exist on each Fund’s books and for which USBFS is responsible, at the end of each calendar month.
USBFS will reimburse each Fund for any Net Material Loss that may exist on the Fund’s books and for which USBFS is responsible, at the end of each calendar month.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: Treasurer Title: Sr. Vice President Date: 11/14/2022 By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: Treasurer By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: Treasurer USBFS will reimburse each Fund for any Net Material Loss that may exist on the Fund’s books and for which USBFS is responsible, at the end of each calendar month.
More Definitions of Net Material Loss
Net Material Loss shall be defined as any remaining loss, after netting losses against any gains, which impacts a Series' net asset value per share by more than 1/2 cent. Gains and losses will be reflected on the Series' daily share sheets, and the Series will be reimbursed for any net material loss on a monthly basis. The Agent will reset the as of ledger each calendar month so that any losses which do not exceed the materiality threshold of 1/2 cent will not be carried forward to the next succeeding month. The Agent will notify the adviser to the Series on the daily share sheets of any losses for which the adviser may be held accountable.
Net Material Loss shall be defined as any remaining loss, after netting losses against any gains, which impacts a Fund's net asset value per share by more than 1/2 cent. Gains and losses will be reflected on the Fund's daily share sheet, and the Fund will be reimbursed for any net material loss on a monthly basis. FMFS will reset the as of ledger each calendar month so that any losses which do not exceed the materiality threshold of 1/2 cent will not be carried forward to the next succeeding month. FMFS will notify the advisor to the Fund(s) on the daily share sheet of any losses for which the advisor may be held accountable. EXHIBIT C FIRSTAR MUTUAL FUND SERVICES, LLC SERVICE PERFORMANCE LEVEL AGREEMENT PERFORMANCE STANDARDS FMFS intends to achieve the following transfer agent performance goals as part of its standard operating procedures:
Net Material Loss shall be defined as any remaining loss, after netting losses against any gains, which impacts a Company’s or Fund’s net asset value per share by at least ½ cent. Gains and losses will be reflected on the Company’s or Fund’s daily share sheet, and the Company or Fund will be reimbursed for any net material loss on a monthly basis. USBFS will reset the “as of” ledger each calendar month so that any losses which do not exceed the materiality threshold of ½ cent will not be carried forward to the next succeeding month. USBFS will notify the adviser to the Fund on the daily share sheet of any losses for which the adviser may be held accountable. Angel Oak Funds Trust, with the following series: • Angel Oak Financials Income Impact Fund • Angel Oak Multi-Strategy Income Fund • Angel Oak High Yield Opportunities Fund • Angel Oak UltraShort Income Fund • Angel Oak Core Impact Fund • Angel Oak Income ETF • Angel Oak UltraShort Income ETF Angel Oak Strategic Credit Fund Angel Oak Financial Strategies Income Term Trust Service Line Agreements, dated October 16, 2014, by and between Angel Oak Funds Trust and U.S. Bancorp Fund Services, LLC Service Line Agreements, dated November 9, 2017, by and between Angel Oak Strategic Credit Fund and U.S. Bancorp Fund Services, LLC Service Line Agreements, dated April 29, 2020, by and between Angel Oak Dynamic Financial Strategies Income Term Trust and U.S. Bancorp Fund Services, LLC Service Line Agreements, dated August 1, 2018, by and between Angel Oak Financial Strategies Income Term Trust and U.S. Bancorp Fund Services, LLC [ ] basis points on the first $[ ] billion [ ] basis points >$[ ] billion – $[ ] billion [ ] basis point on the balance Minimum Annual Fee: $[ ] million for fund complex $[ ] – Domestic Equities, Options, ADRs, Foreign Equities, Futures, Forwards, Currency Rates, Mutual Funds, ETFs, Total Return Swaps, Total Return Bullet Swaps $[ ] – Domestic Corporates, Domestic Convertibles, Domestic Governments, Domestic Agencies, Mortgage Backed Securities, Municipal Bonds $[ ] – CMOs, Money Market Instruments, Foreign Corporates, Foreign Convertibles, Foreign Governments, Foreign Agencies, Asset Backed, High Yield Bonds $[ ] – Interest Rate Swaps, Foreign Currency Swaps $[ ] – Bank Loans $[ ] – Credit Default Swaps $[ ] – Swaptions $[ ] – Intraday money market funds pricing, up to 3 times per day $[ ] per month – Manual Security Pricing (>25 per day) $[ ] per Foreign Equity Security Corporate Action Service per month ...
Net Material Loss shall be defined as any remaining loss, after netting losses against any gains, which impacts a Fund's net asset value per share by more than 1/2 cent. Gains and losses will be reflected on the Fund's daily share sheet, and the Fund will be reimbursed for any net material loss on a monthly basis. USBFS will reset the as of ledger each calendar month so that any losses which do not exceed the materiality threshold of 1/2 cent will not be carried forward to the next succeeding month. USBFS will notify the advisor to the Fund on the daily share sheet of any losses for which the advisor may be held accountable. MUTUAL FUNDS TRUST FIRST AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENT THIS AMENDMENT dated as of July 21, 2003, to the Transfer Agent Servicing Agreement, dated as of May 6, 2003 (the "Agreement"), is entered by and between COUNTRY Mutual Funds Trust, a Delaware statutory trust (the "Trust") and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company ("USBFS").
Net Material Loss shall be defined as any remaining loss, after netting losses against any gains, which impacts a Fund's net asset value per share by more than 1/2 cent. Gains and losses will be reflected on the Fund's daily share sheet, and the Fund will be reimbursed for any net material loss on a monthly basis. FMFS will reset the as of ledger each calendar month so that any losses which do not exceed the materiality threshold of 1/2 cent will not be carried forward to the next succeeding month. FMFS will notify the advisor to the Fund(s) on the daily share sheet of any losses for which the advisor may be held accountable. ALPINE EQUITY TRUST Amendment to the transfer agent servicing agreement THIS AMENDMENT dated as of January 1, 2002 to the Transfer Agent Servicing Agreement dated as of the 28th day of December, 2001, by and between Alpine Equity Trust, a business trust organized under the laws of the State of Massachusetts (the "Trust") and Firstar Mutual Fund Services, LLC, a Wisconsin limited liability company shall be as follows: Effective January 1, 2002, the name Firstar Mutual Fund Services, LLC has been changed to U.S. Bancorp Fund Services, LLC. Accordingly, all references to Firstar Mutual Fund Services, LLC in this Agreement should be replaced with U.S. Bancorp Fund Services, LLC. Similarly, any references to Firstar Bank, N.A. should be replaced with U.S. Bank, N.A.
Net Material Loss shall be defined as any remaining loss, after netting losses against any gains, which impacts the Fund's net asset value per share by more than 1/2 cent. Gains and losses will be accumulated on a daily basis, will be reflected on the Fund's daily share sheet, and will be settled on a monthly basis. FMFS will notify the Fund's investment adviser on the daily share sheet of any losses for which the Fund's investment adviser may be held accountable. Exhibit C to the Transfer Agent Servicing Agreement between Mercantile Mutual Funds, Inc. and Firstar Mutual Fund Services, LLC FEE SCHEDULE
Net Material Loss shall be defined as any remaining loss, after netting losses against any gains, which impacts a Fund's net asset value per share by more than 1/2 cent. Gains and losses will be reflected on the Fund's daily share sheet, and the Fund will be reimbursed for any net material loss on a monthly basis. FMFS will reset the as of ledger each calendar month so that any losses which do not exceed the materiality threshold of 1/2 cent will not be carried forward to the next succeeding month. FMFS will notify the Manager to the Fund(s) on the daily share sheet of any losses for which the Manager may be held accountable. In addition, FMFS shall on a daily basis monitor whether any purchase and redemption order was effected at a price not based on the correct net asset value per share of the Fund(s) next computed after that order was received in good order. In the event that FMFS causes any purchase or redemption order to be effected at a price not based on the correct net asset value per share of the relevant Fund, FMFS shall determine whether the price per share at which that order was effected differed from the net asset value per share of that Fund by one cent (1 cents) or more.