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Title: |
Accounting Services Agreement |
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Entities: |
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Date: |
2003 |
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Size: |
Preview shows 3KB of 14KB total |
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Price: |
$40 |
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ID: |
#1922285 |
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ACCOUNTING SERVICES AGREEMENT
THIS AGREEMENT, made as of the 9th day of April, 2003, by and between
Ivy Fund, on behalf of its Dividend Income Fund series (the "Fund"), a
Massachusetts business trust and Waddell & Reed Services Company ("Agent"),
a Missouri corporation,
WITNESSETH:
WHEREAS, the Fund wishes to appoint the Agent to be its Accounting
Services Agent upon and subject to the terms and provisions of this
Agreement;
NOW THEREFORE, in consideration of the mutual covenants contained in
this Agreement, the parties agree as follows:
A. Appointment of the Agent as Accounting Services Agent for the
Fund; Acceptance.
(1) The Fund hereby appoints the Agent to act as Accounting
Services Agent for the Fund upon and subject to the terms and provisions of
this Agreement.
(2) Agent hereby accepts the appointment as Accounting Services
Agent for the Fund and agrees to act as such upon and subject to the terms
and provisions of this Agreement.
B. Duties of the Agent.
The Agent shall perform such duties as set forth in this
Paragraph B as agent for and on behalf of the Fund.
(1) Agent shall provide bookkeeping and accounting services and
assistance by providing to the Fund the necessary personnel and facilities
to maintain the Fund's portfolio records and general accounting records, to
price daily the value of shares of the Fund, and with the assistance and
advice of the Fund's attorneys and independent accountants, to prepare or
assist the Fund's attorneys and independent accountants to prepare, as may
be applicable, reports required to be filed by the Fund with regulatory
agencies including the preparation of proxy statements, prospectuses,
shareholder reports and other reports as required by law.
(2) Agent shall maintain and keep current the accounts, books,
records, and other documents relating to the Fund's financial and portfolio
transactions as may be required by rules and regulations of the Securities
and Exchange Commission adopted under Section 31(a) of the Investment
Company Act of 1940, as amended (the "Act").
(3) Agent shall cause the subject records of the Fund to be
maintained and preserved pursuant to the requirements under the Act.
(4) In pricing daily the value of shares of the Fund, Agent may
make arrangements to and obtain the value of portfolio securities from
pricing services or quotation services that are compensated by the Fund
directly or indirectly through the placement of portfolio transactions with
broker-dealers who provide such valuation or quotation services to the
Agent.
(5) The Agent shall maintain duplicate copies of, or information
from which copies of, the records necessary to the preparation of the
Fund's financial statements and valuations of its assets may be
reconstructed. Such duplicate copies or information shall be maintained at
a location other than where the Agent performs its normal duties hereunder
so that in the event the records established and maintained pursuant to the
foregoing provisions of this Section B are damaged or destroyed, the Agent
shall be able to provide the bookkeeping and accounting services and
assistance specified in this Section B.
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