|
|
|
|
Document Preview Transfer Agency and Service Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Transfer Agency and Service Agreement |
|||
|
Entities: |
||||
|
Date: |
2000 |
|||
|
Size: |
Preview shows 8KB of 61KB total |
|||
|
Price: |
$41 |
|||
|
ID: |
#2428521 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
TRANSFER AGENCY AND SERVICE AGREEMENT
between
LEGG MASON LIGHT STREET TRUST, INC.
and
STATE STREET BANK AND TRUST COMPANY
{PAGE}
TABLE OF CONTENTS
-----------------
Page
----
1. Terms of Appointment and Duties......................................1
2. Third Party Administrators for Defined Contribution Plans............4
3. Fees and Expenses....................................................5
4. Representations and Warranties of the Transfer Agent.................5
5. Representations and Warranties of the Fund...........................5
6. Wire Transfer Operating Guidelines...................................6
7. Data Access and Proprietary Information..............................7
8. Indemnification......................................................9
9. Standard of Care....................................................10
10. Year 2000...........................................................10
11. Confidentiality.....................................................11
12. Covenants of the Fund and the Transfer Agent........................11
13. Termination of Agreement............................................12
14. Assignment and Third Party Beneficiaries............................12
15. Subcontractors......................................................13
16. Miscellaneous.......................................................13
17. Additional Funds....................................................14
{PAGE}
TRANSFER AGENCY AND SERVICE AGREEMENT
-------------------------------------
AGREEMENT made as of the 10th day of November, 1998, by and between LEGG MASON
LIGHT STREET TRUST, INC., a Maryland corporation, having its principal office
and place of business at 100 Light Street, Baltimore, Maryland 21202 (the
"Fund"), and STATE STREET BANK AND TRUST COMPANY, a Massachusetts trust company
having its principal office and place of business at 225 Franklin Street,
Boston, Massachusetts 02110 (the "Transfer Agent").
WHEREAS, the Fund is authorized to issue shares in separate series, with each
such series representing interests in a separate portfolio of securities and
other assets; and
WHEREAS, the Fund intends to initially offer shares in one (1) series, such
series shall be named in the attached Schedule A which may be amended by the
parties from time to time (each such series, together with all other series
subsequently established by the Fund and made subject to this Agreement in
accordance with Section 17, being herein referred to as a "Portfolio", and
collectively as the "Portfolios");
WHEREAS, the Fund on behalf of the Portfolios desires to appoint the Transfer
Agent as its transfer agent, dividend disbursing agent, custodian of certain
retirement plans and agent in connection with certain other activities, and the
Transfer Agent desires to accept such appointment;
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the
parties hereto agree as follows:
l. Terms of Appointment and Duties
-------------------------------
1.1 Transfer Agency Services. Subject to the terms and
conditions set forth in this Agreement, the Fund, on behalf
of the Portfolios, hereby employs and appoints the Transfer
Agent to act as, and the Transfer Agent agrees to act as its
transfer agent for the Fund's authorized and issued shares
of its common stock, $ par value, ("Shares"), dividend
disbursing agent, custodian of certain retirement plans and
agent in connection with any accumulation, open-account or
similar plan provided to the shareholders of each of the
respective Portfolios of the Fund ("Shareholders") and set
out in the currently effective prospectus and statement of
additional information ("prospectus") of the Fund on behalf
of the applicable Portfolio, including without limitation
any periodic investment plan or periodic withdrawal program.
In accordance with procedures established from time to time
by agreement between the Fund on behalf of each of the
Portfolios, as applicable and the Transfer Agent, the
Transfer Agent agrees that it will perform the following
services:
{PAGE}
(a) Receive for acceptance, orders for the purchase of Shares, and
promptly deliver payment and appropriate documentation thereof to the
Custodian of the Fund authorized pursuant to the Articles of
Incorporation of the Fund (the "Custodian");
(b) Pursuant to purchase orders, issue the appropriate number of Shares
and hold such Shares in the appropriate Shareholder account;
(c) Receive for acceptance redemption requests and redemption
directions and deliver the appropriate documentation thereof to the
Custodian;
(d) In respect to the transactions in items (a), (b) and (c) above, the
Transfer Agent shall execute transactions directly with broker-dealers
authorized by the Fund;
(e) At the appropriate time as and when it receives monies paid to it
by the Custodian with respect to any redemption, pay over or cause to
be paid over in the appropriate manner such monies as instructed by the
redeeming Shareholders;
(f) Effect transfers of Shares by the registered owners thereof upon
receipt of appropriate instructions;
(g) Prepare and transmit payments for dividends and distributions
declared by the Fund on behalf of the applicable Portfolio;
(h) Issue replacement certificates for those certificates alleged to
have been lost, stolen or destroyed upon receipt by the Transfer Agent
of indemnification satisfactory to the Transfer Agent and protecting
the Transfer Agent and the Fund, and the Transfer Agent at its option,
may issue replacement certificates in place of mutilated stock
certificates upon presentation thereof and without such indemnity;
(i) Maintain records of account for and advise the Fund and its
Shareholders as to the foregoing; and
(j) Record the issuance of Shares of the Fund and maintain pursuant to
SEC Rule 17Ad-10(e) a record of the total number of Shares of the Fund
which are authorized, based upon data provided to it by the Fund, and
issued and outstanding. The Transfer Agent shall also provide the Fund
|
End of Preview |
Home Intelligence Services Subscriptions News About Us