Common use of Advisory Duties of Manager Clause in Contracts

Advisory Duties of Manager. Subject to the oversight of the Board, the Manager shall: develop overall investment strategy and provide recommendations to the Board regarding each Fund’s investment objective and strategy; manage all aspects of the advisory operations of each Fund and the composition of the portfolio of each Fund, including the purchase, retention and disposition of securities therein, in accordance with the investment objectives, policies and restrictions of the Fund, as stated in the currently effective Prospectus (as hereinafter defined); in conformity with the Declaration of Trust and By-Laws (each as hereinafter defined) of the Trust; under the instructions and directions of the Trustees of the Trust; and in accordance with the applicable provisions of the 1940 Act and the rules and regulations thereunder, the provisions of the Internal Revenue Code of 1986, as amended (the “Code”), relating to regulated investment companies and all rules and regulations thereunder, and all other applicable federal and state laws and regulations. In connection with the services provided under this Agreement, the Manager will use its best efforts to manage each Fund so that it will qualify as a regulated investment company under Subchapter M of the Code and regulations issued thereunder. In managing each Fund in accordance with the requirements set out in this section, the Manager will be entitled to receive and act upon advice of counsel for the Trust or Fund.

Advisory Duties of Manager. Subject to the oversight of the Board, the Manager shall: develop overall investment strategy and provide recommendations to the Board regarding each the Fund’s investment objective and strategy; manage all aspects of the advisory operations of each the Fund and the composition of the portfolio of each the Fund, including the purchase, retention and disposition of securities therein, in accordance with the investment objectives, policies and restrictions of the Fund, as stated in the currently effective Prospectus (as hereinafter defined); in conformity with the Declaration of Trust and By-Laws (each as hereinafter defined) of the Trust; under the instructions and directions of the Trustees of the Trust; and in accordance with the applicable provisions of the 1940 Act and the rules and regulations thereunder, the provisions of the Internal Revenue Code of 1986, as amended (the “Code”), relating to regulated investment companies and all rules and regulations thereunder, and all other applicable federal and state laws and regulations. In connection with the services provided under this Agreement, the Manager will use its best efforts to manage each the Fund so that it will qualify as a regulated investment company under Subchapter M of the Code and regulations issued thereunder. In managing each the Fund in accordance with the requirements set out in this section, the Manager will be entitled to receive and act upon advice of counsel for the Trust or Fund.

Advisory Duties of Manager. Subject to the oversight of the Board of Trustees of the Fund (the “Board”), the Manager shall: develop overall investment strategy and provide recommendations to the Board regarding each the Fund’s investment objective and strategy; manage all aspects of the advisory operations of each the Fund and the composition of the portfolio of each Fund’s portfolio, including the purchase, retention and disposition of securities therein, in accordance with the investment objectives, policies and restrictions of the Fund, as stated in the currently effective Prospectus (as hereinafter defined); in conformity with the Declaration of Trust and By-Laws (each as hereinafter defined) of the TrustFund; under the instructions and directions of the Trustees of the TrustBoard; and in accordance with the applicable provisions of the 1940 Act and the rules and regulations thereunder, the provisions of the Internal Revenue Code of 1986, as amended (the “Code”), relating to regulated investment companies and all rules and regulations thereunder, and all other applicable federal and state laws and regulations. In connection with the services provided under this Agreement, the Manager will use its best efforts to manage each the Fund so that it will qualify as a regulated investment company under Subchapter M of the Code and regulations issued thereunderCode. In managing each the Fund in accordance with the requirements set out in this sectionSection, the Manager will be entitled to receive and act upon advice of counsel for the Trust or Fund.

Advisory Duties of Manager. Subject to the oversight of the Board, the Manager shall: develop overall investment strategy and provide recommendations to the Board regarding each Fund’s investment objective and strategy; manage all aspects of the advisory operations of each Fund and the composition of the portfolio of each Fund, including the purchase, retention and disposition of securities therein, in accordance with the investment objectives, policies and restrictions of the Fund, as stated in the currently effective Prospectus (as hereinafter defined); in conformity with the Declaration of Trust and By-Laws (each as hereinafter defined) of the Trust; under the instructions and directions of the Trustees of the Trust; and in accordance with the applicable provisions of the 1940 Act and the rules and regulations thereunder, the provisions of the Internal Revenue Code of 1986, as amended (the “Code”), relating to regulated investment companies and all rules and regulations thereunder, and all other applicable federal and state laws and regulations. In connection with the services provided under this Agreement, the Manager will use its best efforts to manage each Fund so that it will qualify as a regulated investment company under Subchapter M of the Code and regulations issued thereunder. In managing each Fund in accordance with the requirements set out in this sectionSection, the Manager will be entitled to receive and act upon advice of counsel for the Trust or a Fund.