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.
As Of Processing Policy 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.
XxXxx Title: President Title: Executive Vice President Exhibit A to the Transfer Agent Servicing Agreement As Of Processing Policy 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.
As Of Processing Policy USBFS will reimburse the 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.
Xxxxxxx Title: President Title: President Exhibit A to the Transfer Agent Servicing Agreement As Of Processing Policy 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 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 FEE SCHEDULE Shareholder Account Fee (Subject to Minimum) No-Load - $15.00 per account Load Fund -$16.00 per account Money Market - $21.00 per account Annual Minimum I Class - $12,000 I Class - Money Market-$15,000 A Class - $28,000 first class, $15,000 each additional class Plus 1 basis point per year - non-I class assets Activity Charges Telephone Call - $1.00 per call Draft Check Processing - $1.00 per draft Daily Valuation Trades - $6.75 per trade ACH Shareholder Services $125.00 per month per fund group $ .50 per ACH item, setup and/or change $5.00 per correction, reversal, return item Plus out-of-pocket expenses, including but not limited to: Telephone-toll-free lines Postage Stationery, Envelopes Programming, Special Reports Insurance Record Retention Microfilm/fiche of records Proxies, Proxy Services ACH fees NSCC charges All other out-of-pocket expenses Extraordinary services - quoted separately Conversion Estimate -TBD, if necessary SERVICE CHARGES TO INVESTORS Qualified Plan Fees (Billed to Investors) $12.50 per qualified plan account (Capt $25.00 per SSN) $5.00 per education XXX account (Cap at $25.00 per SSN) $15.00 per transfer to successor trustee $15.00 per distribution to participant (Excluding SWPs) $15.00 per refund of excess contribution Additional Shareholder Fees (Billed to Investors) $15.00 per outgoing wire transfer $15.00 per overnight delivery $5.00 per telephone exchange $25.00 per return check or ACH $25.00 per stop payment $5.00 per research request (For requested items of the second calendar year [or previous] to the request)(Cap at $25.00) Fees and out-of-pocket expenses are billed to the fund monthly
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. EXHIBIT D TO THE TRANSFER AGENT SERVICING AGREEMENT SERVICE LEVEL STANDARDS TRANSACTION AND ACCOUNT PROCESSING Financial Transactions 100% on date of receipt Non-financial Transactions 100% within 2 business days Transfers 100% within 2 business days Adjustment Transactions 100% within 2 business days Error Ratio Less than .2% of financial transactions Quality Control of Financial Transactions 100% on date of receipt MAILING OF SHAREHOLDER ITEMS Shareholder Statements 100% within 2 business days Certificates 100% within 3 business days Liquidation Checks 100% within 1 business day Client Reports - Daily 100% within 1 business day Client Reports - Month End 100% within 3 business days Wire Order Confirmations 100% within 1 business day INVESTOR SERVICES Services Level Goal 85% answered within 20 seconds Research Requests 95% within 1 hour, 100% response within 1 business day CallBacks (Calls received prior 100% same day/100% prior to to/after Noon) Noon next business day Fulfillment 100% of requests mailed within 24-hours CORRESPONDENCE Respond to Written Requests 100% within 3 business days Qualified Plan Transfer-In Requests 100% within 2 business days Qualified Plan Second Requests 100% within 2 business days DAILY CASH COMMUNICATION Prior to 9:30 A.M. CT
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 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. EXHIBIT C TO THE TRANSFER AGENT SERVICING AGREEMENT FEE SCHEDULE -------------------------------------------- ---------------------------------- -------------------------------------------- ----------------------------------
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. NSCC and DAZL Out-of-Pocket Charges NSCC Interfaces Setup Fund/SERV, Networking ACATS, $5,000 setup (one time) Exchanges Commissions $5,000 setup (one time) Processing Fund/SERV $ 50.00/ month Networking $ 250.00/ month CPU Access $ 40.00/ month Fund/SERV Transactions $ .35/ trade Networking - per item $ .025/ monthly dividend fund Networking - per item $ .015/ non-mo. dividend fund First Data $ .10/ next-day Fund/SERV trade First Data $ .15/ same-day Fund?SERV trade NSCC Implementation 8 to 10 weeks lead time DAZL (Direct Access Zip Link - Electronic mail interface to financial advisor network) Setup $5,000 / fund group Monthly Usage $1,000 / month Transmission $ .015 / price record $ .025 / other record Enhancement $ 125 / hour Fees and out-of-pocket expenses are billed to Gintel Asset Management monthly.
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. KIT COLE INVESTMENT 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 July 18, 2000, by and between Kit Cole Investment Trust, a Xxxaware business 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.