Designated Fund Servicer

Example Definitions of "Designated Fund Servicer"
Designated Fund Servicer. Shall mean any Fund Servicer providing Fund Services to a Designated Fund, but only with respect to, and to the extent of, such Fund Services. The following rules shall govern the status of whether a Fund Servicer constitutes a Designated Fund Servicer in the context of the specific circumstances addressed: . If a Designated Fund Servicer should change its name at any time without otherwise affecting its continuity or structure, it ... nonetheless shalt remain a Designated Fund Servicer; . If a Designated Fund Servicer merges or otherwise consolidates with one or more other Fund Servicer(s) that is/are not Designated Fund Servicer(s) or a Currently Serviced Fund Servicer, then, following such merger or consolidation, the surviving or resulting Fund Servicer shall: (a) be considered a Designated Fund Servicer as a result of such merger or consolidation, if the total assets, immediately prior to the merger or consolidation, of the Designated Funds to which it provided Fund Services are greater than the total assets, immediately prior to the merger or consolidation, of all Funds (other than Designated Funds) to which the other Fund Servicer party (parties) to the merger or consolidation provided Fund Services; and (b) not be considered a Designated Fund Servicer as a result of such merger or consolidation, if the total assets, immediately prior to the merger or consolidation, of the Designated Funds to which it provided Fund Services are less than the total assets, immediately prior to the merger or consolidation, of all Funds (other than Designated Funds) to which the other Fund Servicer party(s) to the merger or consolidation provided Fund Services. 3 "Distributor" shall mean the entity that serves as principal underwriter or distributor for the shares of a Fund. View More Arrow
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