Common use of NSCC Covenants Clause in Contracts

NSCC Covenants. Schwab and Fund Company agree (i) to perform any and all duties, functions, procedures, and responsibilities assigned to them by NSCC rules, procedures, or other requirements relating to Fund/SERV ("NSCC Fund/SERV"), Defined Contribution Clearance and Settlement ("DCC&S"), Networking ("Networking"), and the NSCC's Mutual Fund Profile Service ("MFPS") as applicable, in a competent manner; (ii) to maintain facilities, equipment, and skilled personnel sufficient to perform the foregoing activities; (iii) that any information provided to the other party through Fund/SERV, Networking, DCC&S, and MFPS will be accurate, complete, and in the format prescribed by the NSCC; (iv) to adopt, implement, and maintain procedures reasonably designed to ensure the accuracy of all transmissions through Fund/SERV, Networking, DCC&S, and MFPS, and (v) to limit the access to, and the inputting of data into, Fund/SERV, Networking, DCC&S, and MFPS to persons specifically authorized by the party.

NSCC Covenants. Schwab and Fund Company agree (i) to perform any and all duties, functions, procedures, and responsibilities assigned to them by NSCC rules, procedures, or other requirements relating to Fund/SERV ("“NSCC Fund/SERV"”), Defined Contribution Clearance and Settlement ("“DCC&S"”), Networking ("“Networking"”), and the NSCC's ’s Mutual Fund Profile Service ("“MFPS"”) as applicable, in a competent manner; (ii) to maintain facilities, equipment, and skilled personnel sufficient to perform the foregoing activities; (iii) that any information provided to the other party through Fund/SERV, Networking, DCC&S, and MFPS will be accurate, complete, and in the format prescribed by the NSCC; (iv) to adopt, implement, and maintain procedures reasonably designed to ensure the accuracy of all transmissions through Fund/SERV, Networking, DCC&S, and MFPS, and (v) to limit the access to, and the inputting of data into, Fund/SERV, Networking, DCC&S, and MFPS to persons specifically authorized by the party.

NSCC Covenants. Schwab and Fund Company agree (i) to perform any and all duties, functions, procedures, and responsibilities assigned to them by NSCC rules, procedures, or other requirements relating to Fund/SERV ("NSCC Fund/SERV"), Defined Contribution Clearance and Settlement ("DCC&S"), Networking ("Networking"), and the NSCC's Mutual Fund Profile Service ("MFPS") as applicable, in a competent mannermanner and in accordance with NSCC rules; (ii) to maintain facilities, equipment, and skilled personnel sufficient to perform the foregoing activities; (iii) that any information provided to the other party through Fund/SERV, Networking, DCC&S, and MFPS will be accurate, complete, and in the format prescribed by the NSCC; (iv) to adopt, implement, and maintain procedures reasonably designed to ensure the accuracy of all transmissions through Fund/SERV, Networking, DCC&S, and MFPS, and (v) to limit the access to, and the inputting of data into, Fund/SERV, Networking, DCC&S, and MFPS to persons specifically authorized by the party.