Common use of Appointment of the Advisor Clause in Contracts

Appointment of the Advisor. The Company hereby appoints the Advisor, subject to the direction and control of the Board, to manage the investment and reinvestment of the assets in the Funds and, without limiting the generality of the foregoing, to provide the other services specified in Section 3 hereof. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided for or authorized in this agreement or another writing by the Company and the Advisor, have no authority to act for or represent the Company in any way or otherwise be deemed an agent of the Company.

Appointment of the Advisor. The Company hereby appoints the Advisor, subject to the direction and control of the Board, to manage the investment and reinvestment of the assets in the Funds and, without limiting the generality of the foregoing, to provide the other services specified in Section 3 hereof. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided for or authorized in this agreement Agreement or another writing by the Company and the Advisor, have no authority to act for or represent the Company in any way or otherwise be deemed an agent of the Company.

Appointment of the Advisor. The Company hereby appoints the Advisor, subject to the direction and control of the Board, to manage the investment and reinvestment of the assets in the Funds and, without limiting the generality of the foregoing, to provide the other services specified in Section 3 hereof. The Advisor shall will be deemed to be an independent contractor and shallwill, unless otherwise expressly provided for or authorized in this agreement Agreement or another writing by the Company and the Advisor, have no authority to act for or represent the Company in any way or otherwise be deemed an agent of the Company.