AUTHORITY TO INVEST. Subject to the control and supervision of IMCO and the Company's Board of Directors (the Board), NTI, at its own expense, shall have full discretion to manage, supervise and direct the investment and reinvestment of Fund Accounts allocated to it by IMCO from time to time. It is understood that a Fund Account may consist of all, a portion of, or none of the assets of the Fund, and that IMCO has the right to allocate and reallocate such assets to a Fund Account at any time. NTI shall perform its duties described herein in a manner consistent with the investment objective, policies and restrictions set forth in the then current Prospectus and Statement of Additional Information (SAI) for each Fund. Should NTI anticipate materially modifying its investment process, it must provide written notice in advance to IMCO, and any affected Prospectus and SAI should be amended accordingly. For each Fund set forth on Schedule A to this Agreement, NTI shall provide investment advice only with respect to the discrete portion of the Fund's portfolio allocated to it by IMCO from time to time and shall not consult with any other subadviser of such Fund concerning transactions for the Fund in securities or other assets. With respect to the management of each Fund Account pursuant to this Agreement, NTI shall determine what investments shall be purchased, held, sold or exchanged by each Fund Account and what portion, if any, of the assets of each Fund Account shall be held in cash or cash equivalents, and purchase or sell portfolio securities for each Fund Account; except that, to the extent NTI wishes to hold cash or cash equivalents in excess of 10% of a Fund Account's assets for longer than two consecutive business days, NTI must request in writing and receive advance permission from IMCO. In accordance with Subsection (b) of this Section 2, NTI shall arrange for the execution of all orders for the purchase and sale of securities and other investments for each Fund Account and will exercise full discretion and act for the Company in the same manner and with the same force and effect as the Company might or could do with respect to such purchases, sales, or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales, or other transactions. In the performance of its duties, NTI will act in the best interests of each Fund and will comply with (i) applicable laws and regulations, including, but n...
AUTHORITY TO INVEST. Subject to the control and supervision of IMCO and the Trust's Board of Trustees (the Board), QMA, at its own expense (except as set forth in paragraph (c) of this Section 2), shall have full discretion to manage, supervise and direct the investment and reinvestment of Fund Accounts allocated to it by IMCO from time to time. It is understood that a Fund Account may consist of all, a portion of, or none of the assets of the Fund, and that IMCO has the right to allocate and reallocate such assets to a Fund Account at any time. QMA shall perform its duties described herein in a manner consistent with the investment objective, policies and restrictions set forth in the then current Prospectus and Statement of Additional Information (SAI) for each Fund. Should QMA anticipate materially modifying its investment process, it must provide written notice in advance to IMCO. If IMCO shall determine that any such modification would necessitate the amendment or supplementation of any affected Prospectus or SAI, QMA shall cooperate with IMCO to provide such information as IMCO shall reasonably require in connection with its preparation of such amended or supplemented Prospectus or SAI in order to fulfill IMCO's disclosure requirements in respect of QMA's investment process. For each Fund set forth on Schedule A to this Agreement, QMA shall provide investment advice only with respect to, and only be responsible for, the discrete portion of the Fund's portfolio allocated to it by IMCO from time to time and shall not consult with any other subadviser of such Fund concerning transactions for the Fund in securities or other assets. With respect to the management of each Fund Account pursuant to this Agreement, QMA shall determine what investments shall be purchased, held, sold or exchanged by each Fund Account and what portion, if any, of the assets of each Fund Account shall be held in cash or cash equivalents, and purchase or sell portfolio securities for each Fund Account; except that, to the extent QMA wishes to hold cash or cash equivalents in excess of 10% of a Fund Account's assets, QMA must request in writing and receive advance permission from IMCO. In accordance with Subsection (b) of this Section 2, QMA shall arrange for the execution of all orders for the purchase and sale of securities and other investments for each Fund Account and will exercise full discretion and act for the Trust with the same force and effect as the Trust might or could do with respect to s...
AUTHORITY TO INVEST. Any cash received by Pledgeholder pursuant to this Agreement and designated by Lender as a Distribution shall be invested in an interest-bearing savings account and the interest thereon shall constitute a part of such Distribution.
AUTHORITY TO INVEST. 27.1 If there are moneys held in trust on your behalf you authorise us to:
27.1.1 Invest any moneys held from time to time in our trust account on your behalf (or on behalf of any of you where there is more than one of you instructing us to act), with a bank, building society or credit union in our name as your trustee. We are to hold any interest earned on such investments on behalf of the persons entitled to the moneys on the same terms as the money which is invested;
27.1.2 Withdraw such moneys from the financial institution as may be required from time to time to meet any Legal Costs (including Disbursements); and
27.1.3 Report to the Commissioner of Taxation (if required) in respect of moneys invested on your behalf including advising him of full details of your tax file number, amount invested and interest earned (if required) and to withhold part of the interest earned on the investment and generally deal with such moneys as required by the Commissioner for Taxation and legislation.
AUTHORITY TO INVEST. Subject to the control and supervision of IMCO and the Trust's Board of Trustees (the Board), Renaissance, at its own expense, shall have full discretion to manage, supervise and direct the investment and reinvestment of Fund Accounts allocated to it by IMCO from time to time. It is understood that a Fund Account may consist of all, a portion of, or none of the assets of the Fund, and that IMCO has the right to allocate and reallocate such assets to a Fund Account at any time. Renaissance shall perform its duties described herein in a manner consistent with the investment objective, policies and restrictions set forth in the then current Prospectus and Statement of Additional Information (SAI) for each Fund. Should Renaissance anticipate materially modifying its investment process, it must provide written notice in advance to IMCO, and any affected Prospectus and SAI should be amended accordingly. For each Fund set forth on Schedule A to this Agreement, Renaissance shall provide investment advice only with respect to the discrete portion of the Fund's portfolio allocated to it by IMCO from time to time and shall not consult with any other subadviser of such Fund concerning transactions for the Fund in securities or other assets. With respect to the management of each Fund Account pursuant to this Agreement, Renaissance shall determine what investments shall be purchased, held, sold or exchanged by each Fund Account and what portion, if any, of the assets of each Fund Account shall be held in cash or cash equivalents, and purchase or sell portfolio securities for each Fund Account; except that, to the extent Renaissance wishes to hold cash or cash equivalents in excess of 10% of a Fund Account's assets, Renaissance must request in writing and receive advance permission from IMCO. In accordance with Subsection (b) of this Section 2, Renaissance shall arrange for the execution of all orders for the purchase and sale of securities and other investments for each Fund Account and will exercise full discretion and act for the Trust in the same manner and with the same force and effect as the Trust might or could do with respect to such purchases, sales, or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales, or other transactions. In the performance of its duties, Renaissance will act in the best interests of each Fund and will comply with (i) applicable laws and regulation...
AUTHORITY TO INVEST. Subject to the control and supervision of AMCO and the Trust's Board of Trustees (the Board), SSGA FM, at its own expense, shall have full discretion to manage, supervise, and direct the investment and reinvestment of Fund Accounts allocated to it by AMCO from time to time. It is understood that a Fund Account may consist of all, a portion of, or none of the assets of the Fund, and that AMCO has the right to allocate and reallocate such assets to a Fund Account at any time. AMCO shall provide SSGA FM with as much prior written notice as is practical under the circumstances prior to such allocations and reallocations. SSGA FM shall perform its duties described herein in a manner consistent with the investment objective, policies, and restrictions set forth in the then current Prospectus and Statement of Additional Information (SAI) for each Fund as provided to SSGA FM by AMCO. Should SSGA FM anticipate modifying its investment process as applicable to a Fund DC-9705163 v3 0000000-00100 Account, it must provide written notice in advance to AMCO, and any affected Prospectus and SAI should be amended by AMCO and the Trust, as appropriate, accordingly. For each Fund set forth on Schedule A to this Agreement, SSGA FM shall provide investment advice only with respect to the Fund's portfolio with such assets as may be allocated to it by AMCO from time to time and shall not consult with any other subadviser of such Fund concerning transactions for the Fund in securities or other assets; provided, that this shall not be deemed to prohibit SSGA FM from consulting with any of its affiliated persons concerning transactions in securities or other assets. This also shall not be deemed to prohibit SSGA FM from consulting with any of the other covered advisers concerning compliance with paragraphs (a) and (b) of Rule 12d3-1 under the Investment Company Act. Where SSGA FM provides investment advice to all, or almost all, of a Fund's portfolio, SSGA FM shall initially determine and make such modifications to the identity and number of shares of the in- kind deposit securities and the redemption securities required for a fund deposit or fund redemption for each Fund as may be necessary as a result of rebalancing adjustments and corporate action events (and may give directions to the Trust's Custodian with respect to such designation) (capitalized terms have the meaning set forth in the Funds' prospectus). With respect to the management of each Fund Account pursuant to this Ag...
AUTHORITY TO INVEST. Any cash received by Pledgeholder pursuant to this Agreement and designated by Lender as additional Collateral and which is to be retained in pledge by Pledgeholder for more than fifteen (15) days shall be invested in an interest bearing savings account specified by Lender and the interest therein shall constitute a part of such additional Collateral.
AUTHORITY TO INVEST. Subject to the control and supervision of AMCO and the Trust's Board of Trustees (the Board), ClariVest, at its own expense, shall have full discretion to manage, supervise, and direct the investment and reinvestment ofFund Accounts allocated to it by AMCO from time to time. It is understood that a Fund Account may consist ofall, a p mtion of, or none ofthe assets ofthe Fund, and that AMCO has the right to allocate and reallocate such assets to a Fund Account at any time. AMCO shall provide ClariVest with reasonable written notice of such allocations and reallocations. ClariVest shall petform its duties described herein in a manner consistent with the investment objective, policies, and restrictions set forth in the then current
AUTHORITY TO INVEST. Subject to the control and supervision of IMCO and the Trust’s Board of Trustees (the Board), QS Investors, at its own expense, shall have full discretion to manage, supervise and direct the investment and reinvestment of Fund Accounts allocated to it by IMCO from time to time. It is understood that a Fund Account may consist of all, a portion of, or none of the assets of the related Fund, and that IMCO has the right to allocate and reallocate such assets to a Fund Account at any
AUTHORITY TO INVEST. Subject to the control and supervision of IMCO and the Trust's Board of Trustees (the "Board"), Deutsche, at its own expense, shall have full discretion to manage, supervise and direct the investment and reinvestment of each Fund Account's assets allocated to it by IMCO from time to time. Deutsche shall perform its duties described herein in a manner consistent with the investment objective, policies and restrictions set forth in the then current Prospectus and Statement of Additional Information (SAI) for each Fund (the "Investment Guidelines") (collectively such documents, the "Registration Statement"). Should Deutsche anticipate materially modifying management of a Fund Account's assets, it must provide notice in advance to IMCO, and any affected Prospectus and SAI should be amended accordingly. For each Fund set forth on Schedule A to this Agreement, Deutsche shall provide investment advice only with respect to the discrete portion of the Fund's portfolio allocated to it by IMCO from time to time (such portion of such Fund referred to herein as a "Fund Account" and collectively, as the "Fund Accounts") and shall not consult with any other subadviser of such Fund concerning transactions for the Fund in securities or other assets. It is understood that IMCO has the right to allocate and reallocate such assets to a Fund Account at any time upon written notice to Deutsche. With respect to the management of each Fund Account pursuant to this Agreement, Deutsche shall determine what investments shall be purchased, held, sold or exchanged by each Fund Account and what portion, if any, of the assets of each Fund Account shall be held in cash or cash equivalents, and purchase or sell portfolio securities for each Fund Account; except that, to the extent Deutsche wishes to hold cash or cash equivalents in excess of 10% of a Fund Account's assets, Deutsche must request in writing and receive advance permission from IMCO. If Deutsche receives a redemption notice from IMCO or its agents that requires Deutsche to hold cash or cash equivalents in excess of 10%, IMCO will be deemed to have given such permission to Deutsche via the redemption notice. For clarification, positions in futures will not be deemed cash or cash equivalents for purposes of this section. In accordance with Subsection (b) of this Section 2, Deutsche shall arrange for the execution of all orders for the purchase and sale of securities and other investments for each Fund Account and will exercise ...
