Fund Accountant represents and warrants that: (1) the various procedures and systems which Fund Accountant has implemented with regard to safeguarding from loss or damage attributable to fire, theft, or any other cause the records, and other data of the Company and Fund Accountant's records, data, equipment facilities and other property used in the performance of its obligations hereunder are adequate and that it will make such changes therein from time to time as are required for the secure performance of its obligations hereunder, and (2) this Agreement has been duly authorized by Fund Accountant and, when executed and delivered by Fund Accountant, will constitute a legal, valid and binding obligation of Fund Accountant, enforceable against Fund Accountant in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties.
Fund Accountant means the person appointed by the Company who performs the daily calculations of the net asset values of each of the Portfolios and determines the amount of cash available in each portfolio on a daily basis for investment. The Fund Accountant shall be identified to the Custodian in writing.
Fund Accountant means U.S. Bancorp Fund Services LLC
Examples of Fund Accountant in a sentence
The Trustees also appreciate the service provided by the Registrar and Transfer Agent, Fund Accountant, Custodian, Bankers, Distributors and Brokers.
Subject to Luxembourg law and regulation the Fund Accountant is entitled to delegate specific functions to any other person, firm or company (with the approval of the Management Company and the regulatory authority).
The Trustees also appreciate the services provided by the Registrar and Transfer Agent, Fund Accountant, Custodian, Bankers, Distributors and Brokers.
Relationship of Depositary and Fund Accountant with BlackRock Group14.
CACEIS Fund Administration has accordingly been appointed by Amundi Asset Management as Delegated Fund Accountant for the valuation and accounting of the UCITS.
More Definitions of Fund Accountant
Fund Accountant shall include directors, officers, employees and other agents of Fund Accountant as well as Fund Accountant itself.). Without limiting the generality of the foregoing or of any other provision of this Agreement, (i) Fund Accountant shall not be liable for losses beyond its reasonable control, provided that Fund Accountant has acted in accordance with the standard of care set forth above; and (ii) Fund Accountant shall not be liable for the validity or invalidity or authority or lack thereof of any instruction, notice or other instrument that Fund Accountant reasonably believes to be genuine and to have been signed or presented by a duly authorized representative of the Trust (other than an employee or other affiliated person of Fund Accountant who may otherwise be named as an authorized representative of the Trust for certain purposes). The Trust agrees to indemnify and hold harmless Fund Accountant from and against any and all actions, suits, claims, losses, damages, costs, charges, reasonable counsel fees and disbursements, payments, expenses and liabilities (including reasonable investigation expenses) (collectively, "Losses") arising directly or indirectly out of any action or omission to act which Fund Accountant takes (i) at the request or on the direction of or in reliance on the reasonable advice of the Trust or (ii) upon any instruction, notice or other instrument that Fund Accountant reasonably believes to be genuine and to have been signed or presented by a duly authorized representative of the Trust (other than an employee or other affiliated person of Fund Accountant who may otherwise be named as an authorized representative of the Trust for certain purposes) or (iii) on its own initiative, in good faith and in accordance with the standard of care set forth herein, in connection with the performance of its duties or obligations hereunder. Fund Accountant shall not be indemnified against or held harmless from any Losses arising directly or indirectly out of Fund Accountant's own willful misfeasance, bad faith, negligence in the performance of its duties, or reckless disregard of its obligations and duties hereunder; provided, however, that the Trust shall have no obligation to indemnify or reimburse Fund Accountant under this Section 7 to the extend that Fund Accountant is entitled to reimbursement or indemnification for such Losses under any liability insurance policy described in this Agreement or otherwise.
Fund Accountant shall maintain a fidelity bond covering larceny and embezzlement and an insurance policy with respect to directors and officers errors and omissions coverage in amounts that are appropriate in light of its duties and responsibilities hereunder. Fund Accountant shall notify the Trust should any of its insurance coverage be canceled or reduced. Such notification shall include the date of change and the reasons therefor. Fund Accountant shall notify the Trust of any material claims against it with respect to services performed under this Agreement, whether or not they may be covered by insurance, and shall notify the Trust from time to time as may be appropriate of the total outstanding claims made by Fund Accountant under its insurance coverage.
Fund Accountant shall maintain a fidelity bond covering larceny and embezzlement and an insurance policy with respect to directors and officers errors and omissions coverage in amounts that are appropriate in light of its duties and responsibilities hereunder. Upon the request of the Company, Fund Accountant shall provide evidence that coverage is in place. Fund Accountant shall notify the Company should its insurance coverage with respect to professional liability or errors and omissions coverage be canceled. Such notification shall include the date of cancellation and the reasons therefore. Fund Accountant shall notify the Company of any material claims against it with respect to services performed under this Agreement, whether or not they may be covered by insurance, and shall notify the Company should the total outstanding claims made by Fund Accountant under its insurance coverage materially impair, or threaten to materially impair, the adequacy of its coverage.
Fund Accountant means Atlantic in its capacity as fund accountant to the Fund.
Fund Accountant shall maintain customary records in connection with its duties as specified in this Agreement. Fund Accountant acknowledges and agrees that any records required to be maintained and preserved pursuant to applicable laws and regulations which are prepared or maintained by Fund Accountant on behalf of the Trust shall be prepared and maintained at the expense of Fund Accountant, but shall be the property of the Trust and will be made available to or surrendered promptly to the Trust on request; provided that, in connection with the termination of this Agreement, such records shall be surrendered to the Trust or its designee promptly following the date of such termination or at such other time that is reasonably requested by the Trust.
Fund Accountant shall include officers and directors of, and persons who control, Fund Accountant as well as Fund Accountant itself.) So long as Fund Accountant acts in good faith and with due diligence and without negligence, the Trust assumes full responsibility and shall indemnify Fund Accountant and hold it harmless from and against any and all actions, suits and claims, whether groundless or otherwise, and from and against any and all losses, damages, costs, charges, reasonable counsel fees and disbursements, payments, expenses and liabilities (including reasonable investigation expenses) arising directly or indirectly out of administration, transfer agency, and dividend disbursing relationships to the Trust or any other service rendered to the Trust hereunder. Fund Accountant agrees to indemnify and hold harmless the Company, its employees, agents, Trustees, officers and nominees from and against any and all actions, suits and claims, whether groundless or otherwise, and from and against any and all judgements, liabilities, losses, damages, costs, charges, reasonable counsel fees and other expenses of every nature and character arising out of or in any way relating to the Fund Accountant's bad faith, willful misfeasance, negligence or from reckless disregard by it of its obligations and duties, with respect to the performance of services under this Agreement. The indemnity and defense provisions set forth herein shall indefinitely survive the termination of this Agreement.
Fund Accountant has furnished to BISYS the following: