Limitation of Delegation. The Trust acknowledges and agrees that in accepting the delegation hereunder, the Bank is agreeing to perform only those aspects of the Trust's AML Program relating to the customer accounts as specified in Sections 1.2 and 2 above and the Bank is not undertaking and shall not be responsible for any other aspect of the Trust's AML Program or for the overall compliance by the Trust with the USA PATRIOT Act.
Appears in 2 contracts
Sources: Transfer Agency and Service Agreement (Merrimac Funds), Transfer Agency and Service Agreement (Merrimac Series)
Limitation of Delegation. The Trust acknowledges and agrees that in accepting the delegation hereunder, the Bank is agreeing to perform only those aspects of the Trust's AML Program relating to the customer accounts as specified in Sections 1.2 and 2 above this Section 3.2, and the Bank is not undertaking and shall not be responsible for any other aspect of the Trust's AML Program or for the overall compliance by the Trust with the USA PATRIOT Act.
Appears in 1 contract
Sources: Transfer Agency and Service Agreement (Barclays Foundry Investment Trust)