Exception Services. 2.1 Transactions shall be deemed exception services (“Exception Services”) when such transactions: (a) Require the Sub-Transfer Agent to use methods and procedures other than those usually employed by the Sub-Transfer Agent to perform services under Section 1 of this Agreement; (b) Involve the provision of information to the Sub-Transfer Agent after the commencement of the nightly processing cycle of the TA2000 System; or (c) Require more manual intervention by the Sub-Transfer Agent, either in the entry of data or in the modification or amendment of reports generated by the TA2000 System than is usually required by non-retirement plan and pre-nightly transactions.
Appears in 2 contracts
Sources: Sub Transfer Agency and Service Agreement (Icap Funds Inc), Sub Transfer Agency and Service Agreement (Mainstay Funds Trust)