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Title: |
Administrative Services Agreement |
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Date: |
2008 |
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Size: |
Preview shows 6KB of 36KB total |
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Price: |
$46 |
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ID: |
#3284704 |
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ADMINISTRATIVE SERVICES AGREEMENT
This AGREEMENT is made as of June 23, 2006, between THE HUNTINGTON NATIONAL
BANK, a national banking association having its principal office and place of
business at 41 South High Street, Columbus, OH 43287 ("HUNTINGTON") and THE
HUNTINGTON FUNDS, a Delaware statutory trust having its principal office and
place of business at 5800 Corporate Drive, Pittsburgh, PA 15237-7010.
("INVESTMENT COMPANY"). The Investment Company is entering into this
Agreement on behalf of (and legally binds) its portfolios now existing or
hereafter created, which shall be listed in the attached INVESTMENT COMPANY
EXHIBIT and revised from time to time (each such portfolio, including any
classes of shares, a "FUND" and collectively the "FUNDS"). Huntington is
entering into this Agreement on behalf of itself and any of its subsidiaries
with which it may subcontract under this Agreement. Huntington and the
Investment Company may be individually and collectively referred to as a
"PARTY" or "PARTIES."
WHEREAS, the Investment Company is registered as an open-end management
investment company under the Investment Company Act of 1940 (the "1940 ACT"),
with authorized and issued shares of beneficial interests ("SHARES"), each of
which may be designated or divided into one or more classes ("CLASS" or
"CLASSES");
WHEREAS, the Investment Company desires to appoint Huntington as
administrator to provide the Administrative Services described in this
Agreement either exclusively or in conjunction with one or more sub-
administrators, and Huntington desires to provide such services in return for
the compensation identified in this Agreement and the related ADMINISTRATIVE
SERVICES FEE EXHIBIT;
WHEREAS, Huntington and the Investment Company propose to enter into a Sub-
Administrative Services Agreement with Federated Services Company
("FEDERATED") under which Federated will provide certain sub-administrative
services and for which Huntington will compensate Federated;
NOW THEREFORE, in consideration of the promises and mutual covenants
contained in this Agreement, and intending to be legally bound, the Parties
agree to the following:
ARTICLE 1. APPOINTMENT AS ADMINISTRATOR.
The Investment Company appoints Huntington as Administrator, and Huntington
accepts such appointment under the terms of this Agreement.
ARTICLE 2. HUNTINGTON'S DUTIES AS ADMINISTRATOR.
Subject to the supervision and control of the Investment Company's Board of
Trustees ("BOARD") and in accordance with Proper Instructions (as defined
hereafter) from the Investment Company, Huntington will provide facilities,
equipment, and personnel to carry out the following administrative services
for operation of the business and affairs of each Investment Company and each
of its Funds. In all cases, Huntington shall remain subject to the
supervision and control of the Investment Company's Board of Trustees
("BOARD"). Huntington shall exclusively or in conjunction with any other Fund
sub-administrator:
A. assist in drafting, reviewing and maintaining the materials,
minutes and scripts of Investment Company Board and Fund
shareholder meetings;
B. assist in coordinating Board meeting dates, agendas,
responsibilities and deadlines;
C. assist in preparing, filing, and maintaining the Investment
Company's governing documents and any amendments thereto,
including the Agreement and Declaration of Trust (which has
already been prepared and filed) and By-laws (collectively, the
"CHARTER DOCUMENTS"), and minutes of Board and Fund shareholder
meetings;
D. assist in preparing, reviewing and filing with the Securities
and Exchange Commission ("SEC") and the appropriate state
securities authorities: (i) the registration statements for the
Investment Company and its Shares, including any prospectus,
statement of additional information ("PROSPECTUS") any and all
amendments and supplements thereto ("REGISTRATION STATEMENT");
(ii) reports to regulatory authorities and Fund shareholders;
(iii) routine proxy statements; and (iv) such other documents
necessary for the Investment Company to continuously offer its
shares unless the Investment Company has directed another
service provider to be responsible for such document preparation
and filing;
E. assist in preparing, negotiating, and administering contracts on
behalf of the Investment Company with, among others, the
Investment Company's investment advisers, sub-investment
advisers, administrators, fund accountants, transfer agents,
custodians, and distributors, subject to any applicable
restrictions of the Board or the 1940 Act;
F. assist in coordinating the layout and printing of Prospectuses
and other publicly disseminated reports;
G. perform internal audit examinations in accordance with a charter
to be adopted by the Parties;
H. coordinate and assist with the design, development, and
operation of the Investment Company;
I. provide individuals reasonably acceptable to the Board for
nomination, appointment, or election as Investment Company
officers, who will manage certain of the Investment Company's
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