Affiliated Broker. Subject to review by the Trustees, the Adviser shall place all orders for the purchase and sale of securities of the Fund. The Adviser or a subsidiary of the Adviser is permitted to act as a broker (but not a dealer or underwriter) in securities traded by the Fund, subject to review by the Trustees and all pertinent regulations and limitations. No such orders shall be placed in contravention of the Investment Company Act of 1940.
Appears in 9 contracts
Samples: Investment Advisory and Administrative Services Agreement (Saturna Investment Trust), Investment Advisory and Administrative Services Agreement (Saturna Investment Trust), Investment Advisory and Administrative Services Agreement (Saturna Investment Trust)
Affiliated Broker. Subject to review by the TrusteesTrustees of the Trust, the Adviser shall place all orders for the purchase and sale of securities of the Fund. The Adviser or a subsidiary of the Adviser is permitted to act as a broker (but not a dealer or underwriter) in securities traded by the Fund, subject to review by the Trustees and all pertinent regulations and limitations. No It is understood and agreed, however, that no such orders shall be placed in contravention of the Investment Company Act of 1940.
Appears in 2 contracts
Samples: Investment Advisory and Administrative Services Agreement (Amana Mutual Funds Trust), Investment Advisory and Administrative Services Agreement (Amana Mutual Funds Trust)
