Common use of Appointment of Investment Adviser Clause in Contracts

Appointment of Investment Adviser. The Fund hereby appoints the Adviser to manage the investment and reinvestment of the assets of the Fund and to administer its affairs, subject to supervision by the Fund's Board of Trustees, for the period and on the terms set forth in this Agreement. In furnishing such management and administration services, the Adviser will be guided by the Fund's distinct investment objectives and policies for each Series as set forth in the statements contained in the a Fund's Registration Statement on Form N-1A filed with the Securities and Exchange Commission, as such Registration Statement may be amended or supplemented from time to time. The Adviser hereby accepts such appointment and agrees to render the services required by this Agreement for the compensation and upon other terms and conditions set forth in this Agreement. In performing the investment advisory services under this Agreement, the Adviser is authorized to engage such sub-advisers and other persons as deemed necessary or desirable. The fees of any such persons shall be borne entirely by the Adviser, and the engagement of such persons shall not relieve the Adviser of any responsibility under this Agreement. The Adviser shall for all purposes contained herein be deemed an independent contractor and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund.

Appointment of Investment Adviser. The Fund hereby appoints the Adviser to manage the investment and reinvestment of the assets of the Fund fund and to administer its affairs, subject to supervision by the Fund's Board of Trustees, for the period and on the terms set forth in this Agreement. In furnishing such management and administration services, the Adviser will be guided by the Fund's distinct investment objectives and policies for each Series as set forth in the statements contained in the a Fund's Registration Statement on Form N-1A filed with the Securities and Exchange Commission, as such Registration Statement may be amended or supplemented from time to time. The Adviser hereby accepts such appointment and agrees to render the services required by this Agreement for the compensation and upon other terms and conditions set forth in this Agreement. In performing the investment advisory services under this Agreement, the Adviser is authorized to engage such sub-sub- advisers and other persons as deemed necessary or desirable. The fees of any such persons shall be borne entirely by the Adviser, and the engagement of such persons shall not relieve the Adviser of any responsibility under this Agreement. The Adviser shall for all purposes contained herein be deemed an independent contractor and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund. 2.

Appointment of Investment Adviser. The Fund hereby appoints the Adviser to manage the investment and reinvestment of the assets of the Fund fund and to administer its affairs, subject to supervision by the Fund's Board of Trustees, for the period and on the terms set forth in this Agreement. In furnishing such management and administration services, the Adviser will be guided by the Fund's distinct investment objectives and policies for each Series as set forth in the statements contained in the a Fund's Registration Statement on Form N-1A filed with the Securities and Exchange Commission, as such Registration Statement may be amended or supplemented from time to time. The Adviser hereby accepts such appointment and agrees to render the services required by this Agreement for the compensation and upon other terms and conditions set forth in this Agreement. In performing the investment advisory services under this Agreement, the Adviser is authorized to engage such sub-advisers and other persons as deemed necessary or desirable. The fees of any such persons shall be borne entirely by the Adviser, and the engagement of such persons shall not relieve the Adviser of any responsibility under this Agreement. The Adviser shall for all purposes contained herein be deemed an independent contractor and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund.