Asset Administration Clause Samples

Asset Administration. The Company will hold mutual funds in its name (or a Trust) with each fund company. The Company will receive fund statements and related tax documents directly from the individual fund houses or Princor via Principal Life Insurance Company. 5.1 The Company will administer supporting assets. That is, the Company will monitor the relationship between the Plan liability portfolio and the supporting asset mutual fund portfolio. Principal Life Insurance Company will provide Company with access to an allocation comparison report on Principal Life Insurance Company website. Company will contact Principal Life Insurance Company and direct fund transfers as it deems appropriate. 5.2 The Company may elect to deliver standing directions to Principal Life Insurance Company to monitor and attempt to maintain a balance designated by the Company between the overall asset and liability portfolios of the Plan. The Company directs Principal Life Insurance Company to communicate trade instructions to Princor so as to maintain the portfolio balance designated by the Company. 5.2.1 The Company acknowledges and agrees that an “attempt to maintain a balance” does not mean that the Plan’s asset portfolio will exactly mirror its liability portfolio.
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Asset Administration. Asset administration services to the Owner, including (i) management of all operations data and technical data reviews (as necessary), (ii) regulatory and other periodic operations reports (including but not limited to Exhibit D) required under the Agreement and the Owner LLC Agreement, (iv) maintenance of books and records relating to any Shared Facility Services, and (v) maintenance of operating data related to all expenditures, sales, receipts, assets, liabilities, profits and losses of the Owner or related to the Services.
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Asset Administration. (a) Openmarkets will: (i) provide to the you written notice of the identity and the contact details of any person appointed under this Part B where practicable prior to making the arrangement and in any event before any of the Financial Products are held by that person; (ii) maintain in its computer and electronic systems records of the Financial Products and any transactions made in relation to the Financial Products including of the instructions received by Openmarkets in relation to the Financial Products. Such records will be available to you on receipt by Openmarkets of an instruction under clause 20; (iii) make available to you reports showing the Financial Products held by Openmarkets as nominee and any transactions undertaken in relation to the Financial Products. You agree these reports will be accessed by the Intermediary as agent for you; (iv) apply procedures to frequently reconcile your holding of Financial Products in its records; (v) maintain adequate arrangements to enable it to provide the services under this agreement in any contingency for which it should reasonable plan. (b) You warrant that all information provided by you to the Intermediary or Openmarkets is, or will be when given, accurate, true and correct and further agree to immediately notify Openmarkets in writing upon becoming aware that such information is no longer accurate, true and correct. Openmarkets will keep your information confidential and use and disclose the information in accordance with the Openmarkets Privacy Policy. You agree that Openmarkets and the Intermediary may share such information, as well as your account details and information regarding your transactions with each other and with Openmarkets’ related bodies corporate on a confidential basis as Openmarkets considers appropriate. You also consent to Openmarkets and/or the Intermediary disclosing this information and your account details to any regulatory authority, and consent to Openmarkets and/or the Intermediary using such information and your account details for the purposes of monitoring compliance by you, the Intermediary and/or Openmarkets with their respective regulatory and contractual obligations, and resolving disputes.
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Asset Administration. ‌ (1) Within sixty (60) days, the Board shall adopt written policies and procedures for proper asset administration. At a minimum, the policies and procedures shall provide for: (a) guidance, control and oversight for the investment activities taking place in all of the Bank’s divisions and locations; (b) sound fiduciary investment standards for fixed income securities, including guidelines governing the selection and retention of these assets and a process to identify and monitor securities that are outside of these standards and guidelines; and (c) a methodology applicable to the administration of closely held assets whereby current financial information is obtained, analyzed and used to update the current market value of these assets. (2) Upon adoption, a copy of these policies and procedures shall be forwarded to the Assistant Deputy Comptroller for review and prior determination of no supervisory objection. Upon receiving a determination of no supervisory objection from the Assistant Deputy Comptroller, the Bank shall implement and adhere to the policies and procedures. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.
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Asset Administration 
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Related to Asset Administration

  • Contract Administration The Delegate shall cause that the foreign custody arrangements with an Eligible Foreign Custodian shall be governed by a written contract that the Delegate has determined will provide reasonable care for Fund assets based on the standards applicable to custodians in the relevant market. Each such contract shall, except as set forth in the last paragraph of this subsection (b), include provisions that provide: (i) For indemnification or insurance arrangements (or any combination of the foregoing) such that the Fund will be adequately protected against the risk of loss of assets held in accordance with such contract; (ii) That the Fund's Assets will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Eligible Foreign Custodian or its creditors except a claim of payment for their safe custody or administration or, in the case of cash deposits, liens or rights in favor of creditors of such Custodian arising under bankruptcy, insolvency or similar laws; (iii) That beneficial ownership of the Fund's Assets will be freely transferable without the payment of money or value other than for safe custody or administration; (iv) That adequate records will be maintained identifying the Fund's Assets as belonging to the Fund or as being held by a third party for the benefit of the Fund; (v) That the Fund's independent public accountants will be given access to those records described in (iv) above or confirmation of the contents of such records; and (vi) That the Delegate will receive sufficient and timely periodic reports with respect to the safekeeping of the Fund's Assets, including, but not limited to, notification of any transfer to or from the Fund's account or a third party account containing the Fund's Assets. Such contract may contain, in lieu of any or all of the provisions specified in this Section 3(b), such other provisions that the Delegate determines will provide, in their entirety, the same or a greater level of care and protection for the Fund's Assets as the specified provisions, in their entirety.

  • Project Administration The Contractor shall provide project administration for all Subcontractors, vendors, suppliers, and others involved in implementing the Work and shall coordinate administration efforts with those of the A/E and ODR in accordance with these Uniform General and Supplementary Conditions and provisions of Division 1 Specifications, and as outlined in the Pre- construction Conference.

  • Agreement Administration SBBC has delegated authority to the Superintendent of Schools or his/her designee to take any actions necessary to implement and administer this Agreement.

  • Settlement Administration 5.1. The Settlement Administrator shall, under the supervision of the Court, administer the relief provided by this Settlement Agreement by processing Claim Forms in a rational, responsive, cost effective, and timely manner. The Settlement Administrator shall maintain reasonably detailed records of its activities under this Agreement. The Settlement Administrator shall maintain all such records as are required by applicable law in accordance with its normal business practices and such records will be made available to Class Counsel and Defendant’s Counsel upon request. The Settlement Administrator shall also provide reports and other information to the Court as the Court may require. The Settlement Administrator shall provide Class Counsel and Defendant’s Counsel with information concerning Notice, administration, and implementation of the Settlement Agreement. Should the Court request, the Parties shall submit a timely report to the Court summarizing the work performed by the Settlement Administrator, including a report of all amounts from the Settlement Fund paid to Settlement Class Members on account of Approved Claims. Without limiting the foregoing, the Settlement Administrator shall: 5.1.1. Forward to Defendant’s Counsel, with copies to Class Counsel, all original documents and other materials received in connection with the administration of the Settlement, and all copies thereof, within thirty (30) days after the date on which all Claim Forms have been finally approved or disallowed in accordance with the terms of this Agreement; 5.1.2. Receive requests to be excluded from the Settlement Class and other requests and promptly provide to Class Counsel and Defendant’s Counsel copies thereof. If the Settlement Administrator receives any exclusion forms or other requests after the deadline for the submission of such forms and requests, the Settlement Administrator shall promptly provide copies thereof to Class Counsel and Defendant’s Counsel; 5.1.3. Provide weekly reports to Class Counsel and Defendant’s Counsel, including without limitation, reports regarding the number of Claim Forms received, the number approved by the Settlement Administrator, and the categorization and description of Claim Forms rejected, in whole or in part, by the Settlement Administrator; and 5.1.4. Make available for inspection by Class Counsel or Defendant’s Counsel the Claim Forms received by the Settlement Administrator at any time upon reasonable notice. 5.2. The Settlement Administrator shall be obliged to employ reasonable procedures to screen claims for abuse or fraud and deny Claim Forms where there is evidence of abuse or fraud. The Settlement Administrator will reject any claim that does not comply in any material respect with the instructions on the Claim Form or the terms of Paragraphs 1.2 and/or 1.3, above, or is submitted after the Claims Deadline. Each claimant who submits an invalid Claim Form to the Settlement Administrator must be given a notice of the Claim Form’s deficiency and an opportunity to cure the deficiency within twenty-one (21) days of the date of the notice. The Settlement Administrator may contact any Person who has submitted a Claim Form to obtain additional information necessary to verify the Claim Form. 5.3. Defendant’s Counsel and Class Counsel shall have the right to challenge the acceptance or rejection of a Claim Form submitted by Settlement Class Members and to obtain and review supporting documentation relating to such Claim Form. The Settlement Administrator shall follow any agreed decisions of Class Counsel and Defendant’s Counsel as to the validity of any disputed submitted Claim Form. To the extent Class Counsel and Defendant’s Counsel are not able to agree on the disposition of a challenge, the disputed claim shall be submitted to The ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of JAMS for binding determination. 5.4. In the exercise of its duties outlined in this Agreement, the Settlement Administrator shall have the right to reasonably request additional information from the Parties or any Settlement Class Member.

  • Trust Administration The Adviser shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its services. The Adviser shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser shall supervise the Fund’s business affairs. In addition, to the extent not otherwise provided by other parties under agreements with the Trust, the Adviser shall supply: (i) non-investment related statistical and research data; (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund and (iii) executive and administrative services. The Adviser shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: (i) tax returns; (ii) reports to shareholders of the Fund; (iii) reports to, and filings with, the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s registration statement; and (iv) necessary materials for meetings of the Trust’s Board of Trustees. The Adviser shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the Fund, review of the books and records of the Fund maintained by such third parties, and the review and submission to the officers of the Fund for their approval, of invoices or other requests for payment of Fund expenses; and such other action with respect to the Fund as may be necessary in the opinion of the Adviser to perform its duties hereunder.