Common use of Performance of Daily Accounting Services Clause in Contracts

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily in accordance with the registration statement: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from the investment adviser or its designee, as approved by the Corporation’s Board of Directors (hereafter referred to as “Board”); 1.3. verify and reconcile with the custodian cash and all daily activity; 1.4. compute, as appropriate, net income and realized capital gains, dividend payables 1.5. review the periodic net asset value calculation and dividend factor (if any) prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values to NASDAQ and such other entities as directed by the Corporation; 1.6. determine unrealized appreciation and depreciation securities held by the Corporation; 1.7. accrue income of the Corporation; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Corporation; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Corporation or its authorized agents on the industry standard T+1 basis; 1.11. calculate expenses; 1.12. accrue expenses of the Corporation; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Corporation’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Corporation or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Corporation’s independent registered public accounting firm in preparation of the Corporation’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Corporation’s independent public accountants in connection with any audit or the preparation of any report requested by the Corporation.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily in accordance with the registration statement: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from the investment adviser or its designee, as approved by the Corporation’s Board of Directors (hereafter referred to as “Board”); 1.3. verify and reconcile with the custodian cash and all daily activity; 1.4. compute, as appropriate, net income and realized capital gains, dividend payables 1.5. review the periodic net asset value calculation and dividend factor (if any) prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values to NASDAQ and such other entities as directed by the Corporation; 1.6. determine unrealized appreciation and depreciation on securities held by the Corporation; 1.7. accrue income of the Corporation; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Corporation; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Corporation or its authorized agents on the industry standard T+1 basis; 1.11. calculate expenses; 1.12. accrue expenses of the Corporation; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Corporation’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Corporation or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Corporation’s independent registered public accounting firm in preparation of the Corporation’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Corporation’s independent public accountants in connection with any audit or the preparation of any report requested by the Corporation.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the registration statementFund’s prospectus and statement of additional information and Security Valuation Procedures: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from the each Fund’s investment adviser or its designee, as per the valuation policy approved by the Corporation’s Board of Directors (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity, and prepare and deliver daily cash sheet for each Fund by 9:30 a.m. ET; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the periodic net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the CorporationFund; 1.6. maintain historical tax lots of each security, and determine unrealized appreciation and depreciation on securities held by the CorporationFunds; 1.7. accrue income of the Corporationeach Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the CorporationTrust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Corporation each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate expensesFund expenses based on instructions from each Fund’s administrator; 1.12. accrue expenses of the Corporationeach Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Corporationeach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Corporation each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Corporationeach Fund’s independent registered public accounting firm in for preparation of the CorporationFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Corporationto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the CorporationFund. 1.20. Prepare and deliver a second source pricing review for each fixed income fund at least 15 days prior to each quarter end at the expense of the Trust pursuant Section 4.4. of the Agreement.