Common use of Advisory Duties of Manager Clause in Contracts

Advisory Duties of Manager. Subject to the supervision of the Board of Directors of the Company, the Manager shall 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 Articles of Incorporation and By-Laws (each as hereinafter defined) of the Company; under the instructions and directions of the Directors of the Company; 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 Company or Fund.

Advisory Duties of Manager. Subject to the supervision oversight of the Board of Directors Trustees of the CompanyFund (the “Board”), the Manager shall shall: develop overall investment strategy and provide recommendations to the Board regarding 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 Articles Declaration of Incorporation Trust and By-Laws (each as hereinafter defined) of the CompanyFund; under the instructions and directions of the Directors of the CompanyBoard; 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 Company or Fund.

Advisory Duties of Manager. Subject to the supervision of the Board of Directors of the CompanyTrustees, the Manager shall 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 Articles Declaration of Incorporation Trust and By-Laws (each as hereinafter defined) of the CompanyTrust; under the instructions and directions of the Directors Trustees of the CompanyTrust; 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 Company Trust or a Fund.