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Title: |
Delegation Agreement [Form] |
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Entities: |
Investors Bank & Trust Company; Transamerica Investors Inc. |
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Date: |
2003 |
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Size: |
24KB total |
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Price: |
$37 |
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ID: |
#179786 |
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FORM OF DELEGATION AGREEMENT
AGREEMENT, dated as of October 1, 2003 by and between INVESTORS BANK & TRUST COMPANY, a Massachusetts trust company (the Delegate), and Transamerica Investors, Inc. on behalf of Transamerica Premier Funds, a Maryland corporation (the Fund).
WHEREAS, pursuant to the provisions of Rule 17f-5 under the Investment Company Act of 1940, as amended (the 1940 Act), and subject to the terms and conditions set forth herein, the Board of Directors of the Fund desires to delegate to the Delegate certain responsibilities concerning Foreign Assets (as defined below), and the Delegate hereby agrees to retain such delegation, as described herein; and
WHEREAS, pursuant to the provisions of Rule 17f-7 under the 1940 Act, and subject to the terms and conditions set forth herein, the Board of Directors of the Fund desires to retain the Delegate to provide certain services concerning Foreign Assets, and the Delegate hereby agrees to provide such services, as described herein;
NOW THEREFORE, in consideration of the premises and of the mutual agreements contained herein, the parties hereto agree as follows:
| 1. | Definitions |
Capitalized terms in this Agreement have the following meanings:
| a. | Authorized Representative |
Authorized Representative means any one of the persons who are empowered, on behalf of the parties to this Agreement, to receive notices from the other party and to send notices to the other party.
| b. | Board |
Board means the Board of Directors (or the body authorized to exercise authority similar to that of the board of directors of a corporation) of Fund.
| c. | Country Risk |
Country Risk means all factors reasonably related to the systemic risk of holding Foreign Assets in a particular country including, but not limited to, such countrys financial infrastructure (including any Securities Depositories operating in such country); prevailing custody and settlement practices; and laws applicable to the safekeeping and recovery of Foreign Assets held in custody.
| d. | Eligible Foreign Custodian |
Eligible Foreign Custodian has the meaning set forth in Rule 17f-5(a)(1) and it is understood that such term includes foreign branches of U.S. Banks (as the term U.S. Bank is defined in Rule 17f-5(a)(7)).
| e. | Foreign Assets |
Foreign Assets has the meaning set forth in Rule 17f-5(a)(2)
| f. | Foreign Custody Manager |
Foreign Custody Manager has the meaning set forth in Rule 17f-5(a)(3).
| g. | Securities Depository |
Securities Depository has the meaning set forth in Rule 17f-4(a).
| h. | Monitor |
Monitor means to re-assess or re-evaluate, at reasonable intervals, a decision, determination or analysis previously made.
| 2. | Representations |
| a. | Delegates Representations |
Delegate represents that it is a trust company chartered under the laws of the Commonwealth of Massachusetts. Delegate further represents that the persons executing this Agreement and any amendment or appendix hereto on its behalf are duly authorized to so bind the Delegate with respect to the subject matter of this Agreement.
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