Common use of Yield Calculation Clause in Contracts

Yield Calculation. The Bank will compute the yields of the Fund (the “Yield Calculation”) in accordance with the provisions of Release No. 33-6753 and Release No. IC-16245 (February 2, 1988) (the “Releases”) promulgated by the Securities and Exchange Commission, and any subsequent amendments to, published interpretations of or general conventions accepted by the staff of the Securities and Exchange Commission with respect to such releases or the subject matter thereof (“Subsequent Staff Positions”), subject to the terms set forth below: (a) The Bank shall compute the Yield Calculation for the Fund for the stated periods of time as shall be mutually agreed upon, and communicate in a timely manner the result of such computation to the Fund. Generally, the Bank will compute and transmit yields as the Fund or its agent requests as follows: for daily dividend funds: 1 day, 7 day (current or effective as may be specified), 30 day yield; for other funds as requested: 30 day yield. (b) In performing the Yield Calculation, the Bank will derive the items of data necessary for the computation from the records it generates and maintains for the Fund pursuant Section 11 hereof. The Bank shall have no responsibility to review, confirm, or otherwise assume any duty or liability with respect to the accuracy or correctness of any such data supplied to it by the Fund, any of the Fund’s designated agents or any of the Fund’s designated third party providers.

Yield Calculation. The Bank will compute the yields of the Fund (the “"Yield Calculation”") in accordance with the provisions of Release No. 33-6753 and Release No. IC-16245 (February 2, 1988) (the “"Releases”") promulgated by the Securities and Exchange Commission, and any subsequent amendments to, published interpretations of or general conventions accepted by the staff of the Securities and Exchange Commission with respect to such releases or the subject matter thereof (“"Subsequent Staff Positions”"), subject to the terms set forth below: (a) The Bank shall compute the Yield Calculation for the Fund for the stated periods of time as shall be mutually agreed upon, and communicate in a timely manner the result of such computation to the Fund. Generally, the Bank will compute and transmit yields as the Fund or its agent requests as follows: for daily dividend funds: 1 day, 7 day (current or effective as may be specified), 30 day yield; for other funds as requested: 30 day yield. (b) In performing the Yield Calculation, the Bank will derive the items of data necessary for the computation from the records it generates and maintains for the Fund pursuant Section 11 hereof. The Bank shall have no responsibility to review, confirm, or otherwise assume any duty or liability with respect to the accuracy or correctness of any such data supplied to it by the Fund, any of the Fund’s 's designated agents or any of the Fund’s 's designated third party providers.