Common use of Description of Administrative Services Clause in Contracts

Description of Administrative Services. Subject to Section 10 below, the Parties acknowledge that the Custodian has primary responsibility for maintaining certain books and records of the Covered Portfolios. GIS will perform the following administrative services with respect to each Covered Portfolio based, where applicable, on information and data supplied to GIS by the Custodian: (a) preparing quarterly broker security transactions summaries; (b) preparing monthly security transaction listings; (c) supplying various normal and customary Portfolio and Trust statistical data as reasonably requested on an ongoing basis; (d) assisting in the preparation, execution and filing of each Covered Portfolio’s Federal and state tax returns; (e) reviewing and serving as liaison with any transfer agent, custodian, independent registered public accounting firm and other vendors that provide services to the Covered Portfolios; (f) providing support to monitor a Covered Portfolio for compliance (daily, bi-weekly or monthly, as appropriate) with the 1940 Act, the applicable prospectus and statement of additional information for a Covered Portfolio, and declaration of trust on industry concentration and diversification (if applicable to a Covered Portfolio) and security holdings of other registered investment companies under the 1940 Act; (g) monitoring each Covered Portfolio’s status as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended; (h) monitoring the Covered Portfolios’ compliance with the amounts and conditions of each state qualification; (i) preparing and coordinating with counsel of the Trust and filing with the SEC Post-Effective Amendments to the Trust’s Registration Statement, preparing reports to the Trust’s shareholders of records and the SEC including the preparation and filing of quarterly reports on Form N-Q, semi-annual reports on Form N-CSR and Form N-SAR and notices pursuant to Rule 24f-2 and assisting in preparation of notices of Annual or Special Meetings of Shareholders and proxy materials relating to such meetings; (j) providing services for proxy solicitation, including selection and giving support to tabulator and solicitor; coordinating printing and distribution of proxy materials; monitoring votes and determining any additional follow-up solicitation; (k) providing individuals reasonably acceptable to the Trust’s Board of Trustees to serve as “non-policy making” officers of the Trust, who will be responsible for the administration of certain of the Trust’s affairs as determined by the Trust’s Board of Trustees; (l) assisting in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Trust in accordance with the requirements of Rules 17g-1 and 17d-1(d)(7) under the 1940 Act as such bonds and policies are approved by the Trust’s Board of Trustees; and (m) performing such other administrative duties as the Parties may agree upon from time to time. In connection with its provision of the foregoing services, GIS will comply in all material respects, insofar as applicable to GIS and the services hereunder, with the policies and procedures of the Covered Portfolios maintained pursuant to Rule 38a-1 under the 1940 Act or otherwise; provided, that GIS shall not be required to comply with any amended or new policies and procedures until GIS shall have received written notice thereof. Notwithstanding any provision of this Agreement, RS may at any time determine not to require the provision of any of the foregoing services; provided that the fee payable by RS hereunder shall not as a result be reduced.

Description of Administrative Services. Subject to Section 10 11 below, the Parties acknowledge that the Custodian has primary responsibility for maintaining certain books and records of the Covered Portfolios. GIS will perform the following administrative services with respect to each Covered Portfolio based, where applicable, on information and data supplied to GIS by the Custodian: (a) preparing quarterly broker security transactions summaries; (b) preparing monthly security transaction listings; (c) supplying various normal and customary Portfolio and Trust statistical data as reasonably requested on an ongoing basis; (d) assisting in the preparation, execution and filing of each Covered Portfolio’s Federal and state tax returns; (e) reviewing and serving as liaison with any transfer agent, custodian, independent registered public accounting firm and other vendors that provide services to the Covered Portfolios; (f) providing support to monitor a Covered Portfolio for compliance (daily, bi-weekly or monthly, as appropriate) with the 1940 Act, the applicable prospectus and statement of additional information for a Covered Portfolio, and declaration of trust on industry concentration and diversification (if applicable to a Covered Portfolio) and security holdings of other registered investment companies under the 1940 Act; (g) monitoring each Covered Portfolio’s status as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended; (h) monitoring the Covered Portfolios’ compliance with the amounts and conditions of each state qualification; (i) preparing and coordinating with counsel of the Trust and filing with the SEC Post-Effective Amendments to the Trust’s Registration Statement, preparing reports to the Trust’s shareholders of records and the SEC including the preparation and filing of quarterly reports on Form N-Q, semi-annual reports on Form N-CSR and Form N-SAR and notices pursuant to Rule 24f-2 and assisting in preparation of notices of Annual or Special Meetings of Shareholders and proxy materials relating to such meetings; (j) providing services for proxy solicitation, including selection and giving support to tabulator and solicitor; coordinating printing and distribution of proxy materials; monitoring votes and determining any additional follow-up solicitation; (k) providing individuals reasonably acceptable to the Trust’s Board of Trustees to serve as “non-policy making” officers of the Trust, who will be responsible for the administration of certain of the Trust’s affairs as determined by the Trust’s Board of Trustees; (l) assisting in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Trust in accordance with the requirements of Rules 17g-1 and 17d-1(d)(7) under the 1940 Act as such bonds and policies are approved by the Trust’s Board of Trustees; and (m) performing such other administrative duties as the Parties may agree upon from time to time. In connection with its provision of the foregoing services, GIS will comply in all material respects, insofar as applicable to GIS and the services hereunder, with the policies and procedures of the Covered Portfolios maintained pursuant to Rule 38a-1 under the 1940 Act or otherwise; provided, that GIS shall not be required to comply with any amended or new policies and procedures until GIS shall have received written notice thereof. Notwithstanding any provision of this Agreement, RS may at any time determine not to require the provision of any of the foregoing services; provided that the fee payable by RS hereunder shall not as a result be reduced.

Description of Administrative Services. Subject to Section 10 11 below, the Parties acknowledge that the Custodian has primary responsibility for maintaining certain books and records of the Covered Portfolios. GIS GBG will perform the following administrative services with respect to each Covered Portfolio based, where applicable, on information and data supplied to GIS GBG by the Custodian: (a) preparing quarterly broker security transactions summaries; (b) preparing monthly security transaction listings; (c) supplying various normal and customary Portfolio and Trust statistical data as reasonably requested on an ongoing basis; (d) assisting in the preparation, execution and filing of each Covered Portfolio’s Federal and state tax returns; (e) reviewing and serving as liaison with any transfer agent, custodian, independent registered public accounting firm and other vendors that provide services to the Covered Portfolios; (f) providing support to monitor a Covered Portfolio for compliance (daily, bi-weekly or monthly, as appropriate) with the 1940 Act, the applicable prospectus and statement of additional information for a Covered Portfolio, and declaration of trust on industry concentration and diversification (if applicable to a Covered Portfolio) and security holdings of other registered investment companies under the 1940 Act; (g) monitoring each Covered Portfolio’s status as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended; (h) monitoring the Covered Portfolios’ compliance with the amounts and conditions of each state qualification; (i) preparing and coordinating with counsel of the Trust and filing with the SEC Post-Effective Amendments to the Trust’s Registration Statement, preparing reports to the Trust’s shareholders of records and the SEC including the preparation and filing of quarterly reports on Form N-Q, semi-annual reports on Form N-CSR and Form N-SAR and notices pursuant to Rule 24f-2 and assisting in preparation of notices of Annual or Special Meetings of Shareholders and proxy materials relating to such meetings; (j) providing services for proxy solicitation, including selection and giving support to tabulator and solicitor; coordinating printing and distribution of proxy materials; monitoring votes and determining any additional follow-up solicitation; (k) providing individuals reasonably acceptable to the Trust’s Board of Trustees to serve as “non-policy making” officers of the Trust, who will be responsible for the administration of certain of the Trust’s affairs as determined by the Trust’s Board of Trustees; (l) assisting in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Trust in accordance with the requirements of Rules 17g-1 and 17d-1(d)(7) under the 1940 Act as such bonds and policies are approved by the Trust’s Board of Trustees; and (m) performing such other administrative duties as the Parties may agree upon from time to time. In connection with its provision of the foregoing services, GIS GBG will comply in all material respects, insofar as applicable to GIS GBG and the services hereunder, with the policies and procedures of the Covered Portfolios maintained pursuant to Rule 38a-1 under the 1940 Act or otherwise; provided, that GIS GBG shall not be required to comply with any amended or new policies and procedures until GIS GBG shall have received written notice thereof. Notwithstanding any provision of this Agreement, RS may at any time determine not to require the provision of any of the foregoing services; provided that the fee payable by RS hereunder shall not as a result be reduced.

Description of Administrative Services. Subject to Section 10 11 below, the Parties acknowledge that the Custodian has primary responsibility for maintaining certain books and records of the Covered Portfolios. GIS GBG will perform the following administrative services with respect to each Covered Portfolio based, where applicable, on information and data supplied to GIS GBG by the Custodian: (a) preparing quarterly broker security transactions summaries; (b) preparing monthly security transaction listings; (c) supplying various normal and customary Portfolio and Trust statistical data as reasonably requested on an ongoing basis; (d) assisting in the preparation, execution and filing of each Covered Portfolio’s Federal and state tax returns; (e) reviewing and serving as liaison with any transfer agent, custodian, independent registered public accounting firm and other vendors that provide services to the Covered Portfolios; (f) providing support to monitor a Covered Portfolio for compliance (daily, bi-weekly or monthly, as appropriate) with the 1940 Act, the applicable prospectus and statement of additional information for a Covered Portfolio, and declaration of trust on industry concentration and diversification (if applicable to a Covered Portfolio) and security holdings of other registered investment companies under the 1940 Act; (g) monitoring each Covered Portfolio’s status as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended; (h) monitoring the Covered Portfolios’ compliance with the amounts and conditions of each state qualification; (i) preparing and coordinating with counsel of the Trust and filing with the SEC Post-Effective Amendments to the Trust’s Registration Statement, preparing reports to the Trust’s shareholders of records and the SEC including the preparation and filing of quarterly reports on Form N-Q, semi-annual reports on Form N-CSR and Form N-SAR and notices pursuant to Rule 24f-2 and assisting in preparation of notices of Annual or Special Meetings of Shareholders and proxy materials relating to such meetings; (j) providing services for proxy solicitation, including selection and giving support to tabulator and solicitor; coordinating printing and distribution of proxy materials; monitoring votes and determining any additional follow-up solicitation; (k) providing individuals reasonably acceptable to the Trust’s Board of Trustees to serve as “non-policy making” officers of the Trust, who will be responsible for the administration of certain of the Trust’s affairs as determined by the Trust’s Board of Trustees; (l1) assisting in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Trust in accordance with the requirements of Rules 17g-1 and 17d-1(d)(7) under the 1940 Act as such bonds and policies are approved by the Trust’s Board of Trustees; and (m) performing such other administrative duties as the Parties may agree upon from time to time. In connection with its provision of the foregoing services, GIS GBG will comply in all material respects, insofar as applicable to GIS GBG and the services hereunder, with the policies and procedures of the Covered Portfolios maintained pursuant to Rule 38a-1 under the 1940 Act or otherwise; provided, that GIS GBG shall not be required to comply with any amended or new policies and procedures until GIS GBG shall have received written notice thereof. Notwithstanding any provision of this Agreement, RS may at any time determine not to require the provision of any of the foregoing services; provided that the fee payable by RS hereunder shall not as a result be reduced.