Common use of APPOINTMENT OF DRESDNER Clause in Contracts

APPOINTMENT OF DRESDNER. IMCO hereby appoints Dresdner to act as an investment adviser for each Fund Account in accordance with the terms and conditions of this Agreement. Dresdner will be an independent contractor and will have no authority to act for or represent the Company or IMCO in any way or otherwise be deemed an agent of the Company or IMCO except as expressly authorized in this Agreement or another writing by the Company, IMCO and Dresdner. Dresdner accepts such appointment and agrees to render the services herein set forth for the compensation herein provided.

APPOINTMENT OF DRESDNER. IMCO hereby appoints Dresdner to act as an investment adviser for each Fund Account in accordance with the terms and conditions of this Agreement. Dresdner will be an independent contractor and will have no authority to act for or represent the Company Trust or IMCO in any way or otherwise be deemed an agent of the Company Trust or IMCO except as expressly authorized in this Agreement or another writing by the CompanyTrust, IMCO and Dresdner. Dresdner accepts such appointment and agrees to render the services herein set forth for the compensation herein provided.