Common use of Records of Portfolio Share Transactions; Miscellaneous Records Clause in Contracts

Records of Portfolio Share Transactions; Miscellaneous Records. 1. Company shall maintain master accounts with Ivy Funds VIP, on behalf of each Portfolio, which accounts shall bear the name of Company as the record owner of Portfolio shares on behalf of each Variable Account investing in the Portfolio. 2. Company shall maintain a daily journal setting out the number of shares of each Portfolio purchased, redeemed or exchanged by Contract Owners each day, to, among other things, assist W&R, Ivy Funds VIP and/or Ivy Funds VIP’s transfer agent in tracking and recording Portfolio share transactions, and to facilitate the computation of each Portfolio’s net asset value per share. Company shall provide reasonable assistance to W&R, Ivy Funds VIP and Ivy Funds VIP’s transfer agent as may be necessary to cause various Portfolio share transactions effected by Contract Owners to be properly reflected on the books and records of Ivy Funds VIP. 3. In addition to the foregoing records, and without limitation, Company shall maintain and preserve all records as required by law to be maintained and preserved in connection with providing administrative services hereunder.

Records of Portfolio Share Transactions; Miscellaneous Records. 1. Company shall maintain master accounts with Ivy Funds VIP, on behalf of each Portfolio, which accounts shall bear the name of Company as the record owner of Portfolio shares on behalf of each Variable Account investing in the Portfolio. 2. Company shall maintain a daily journal setting out the number of shares of each Portfolio purchased, redeemed or exchanged by Contract Owners each day, to, among other things, assist W&R, Ivy Funds VIP and/or Ivy Funds VIP’s 's transfer agent in tracking and recording Portfolio share transactions, and to facilitate the computation of each Portfolio’s 's net asset value per share. Company shall provide reasonable assistance to W&R, Ivy Funds VIP and Ivy Funds VIP’s 's transfer agent as may be necessary to cause various Portfolio share transactions effected by Contract Owners to be properly reflected on the books and records of Ivy Funds VIP. 3. In addition to the foregoing records, and without limitation, Company shall maintain and preserve all records as required by law to be maintained and preserved in connection with providing administrative services hereunder.