Common use of Limitation of Delegation Clause in Contracts

Limitation of Delegation. The Fund acknowledges and agrees that in accepting the delegation hereunder, the Bank is agreeing to perform only those aspects of the Fund’s AML Program as specified in Section 1.5 above, and the Bank is not undertaking and shall not be responsible for any other aspect of the Fund’s AML Program or for the overall compliance by the Fund with the USA PATRIOT Act. This Amendment applies solely to the matters discussed herein. In all other regards, the terms and provisions of the Agreement shall continue to apply with full force and effect. Each party represents to the other that the execution and delivery of this Amendment has been duly authorized.

Appears in 2 contracts

Sources: Transfer Agency and Service Agreement (Ishares Inc), Transfer Agency and Service Agreement (Ishares Trust)