Common use of Audit Rights Additional Sub Certifications and Reports Clause in Contracts

Audit Rights Additional Sub Certifications and Reports. 19.10.1 Custodian shall, upon the Client's request, provide the Client with a summary of the results of its latest SSAE-16 or equivalent control audit prepared by Custodian's external auditors. Upon reasonable request, Custodian will arrange for its relevant subject matter experts to meet with the relevant subject matter experts of the Client to review Custodian's security controls and any deficiencies identified in the SSAE-16 audit report. The Client may view Custodian's security-related policies and procedures, however, no documentation may be copied, shared, transmitted or removed from Custodian premises, except as mutually agreed. The parties shall mutually agree upon a convenient time and place for such meeting. Not more than once each year, and subject to Custodian's reasonable security requirements and availability of personnel, Custodian will at the Client's request arrange a tour of Custodian's data processing facilities for the Client's subject matter experts. Custodian will also, subject to its reasonable security requirements, permit site visits of its data processing facilities by governmental agencies with regulatory authority over the Client. In the event that the Client identifies any control deficiencies, Custodian will discuss such findings with the Client and if appropriate the parties shall work together to develop a mutually agreeable remediation plan. All nonpublic documentation and information disclosed to the Client in accordance with this Section shall be deemed proprietary and confidential information of Custodian. The Client shall not disclose such documentation or information to any third party or use it for any purpose other than evaluating Custodian's security controls, except that the Client may disclose Custodian's SSAE-16 summary to the Client's external auditors provided that such external auditors are required to maintain the confidentiality of the summary and any related information. The Client shall reimburse Custodian for any costs and expenses incurred in connection with any review of Custodian's security controls. 19.10.2 The Custodian shall provide to the Client: (i) sub-certifications in connection with ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 certification requirements; and (ii) periodic reports and reasonable documentation for delivery to the Client's Chief Compliance Officer in connection with Rule 38a-l under the 1940 Act with respect to the services and the Custodian's compliance with its operating policies and procedures related thereto. ____________________________________________________________________________________________________________ GCSA ▇▇▇▇ ▇▇.▇▇.▇▇ NY - (Neg ALTX TRUST, SEPTEMBER 17, 2014) ____________________________________________________________________________________________________________ GCSA ▇▇▇▇ ▇▇.▇▇.▇▇ NY - (Neg ALTX TRUST, SEPTEMBER 17, 2014)

Audit Rights Additional Sub Certifications and Reports. 19.10.1 Custodian shall, upon the Client's request, provide the Client with a summary of the results of its latest SSAE-16 or equivalent control audit prepared by Custodian's external auditors. Upon reasonable request, Custodian will arrange for its relevant subject matter experts to meet with the relevant subject matter experts of the Client to review Custodian's security controls and any deficiencies identified in the SSAE-16 audit report. The Client may view Custodian's security-related policies and procedures, however, no documentation may be copied, shared, transmitted or removed from Custodian premises, except as mutually agreed. The parties shall mutually agree upon a convenient time and place for such meeting. Not more than once each year, and subject to Custodian's reasonable security requirements and availability of personnel, Custodian will at the Client's request arrange a tour of Custodian's data processing facilities for the Client's subject matter experts. Custodian will also, subject to its reasonable security requirements, permit site visits of its data processing facilities by governmental agencies with regulatory authority over the Client. In the event that the Client identifies any control deficiencies, Custodian will discuss such findings with the Client and if appropriate the parties shall work together to develop a mutually agreeable remediation plan. All nonpublic documentation and information disclosed to the Client in accordance with this Section shall be deemed proprietary and confidential information of Custodian. The Client shall not disclose such documentation or information to any third party or use it for any purpose other than evaluating Custodian's security controls, except that the Client may disclose Custodian's SSAE-16 summary to the Client's external auditors provided that such external auditors are required to maintain the confidentiality of the summary and any related information. The Client shall reimburse Custodian for any costs and expenses incurred in connection with any review of Custodian's security controls. 19.10.2 The Custodian shall provide to the Client: (i) sub-certifications in connection with ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 certification requirements; and (ii) periodic reports and reasonable documentation for delivery to the Client's Chief Compliance Officer in connection with Rule 38a-l under the 1940 Act with respect to the services and the Custodian's compliance with its operating policies and procedures related thereto. ____________________________________________________________________________________________________________ GCSA ▇▇▇▇ ▇▇.▇▇.▇▇ NY - (Neg ALTMFX TRUST formerly know as ALTX TRUSTTrust, SEPTEMBER 17JANUARY 6, 20142015) ____________________________________________________________________________________________________________ GCSA ▇▇▇▇ ▇▇.▇▇.▇▇ NY - (Neg ALTMFX TRUST formerly know as ALTX TRUSTTrust, SEPTEMBER 17JANUARY 6, 20142015)