Common use of Business Management Services Clause in Contracts

Business Management Services. (a) The Manager shall supervise the Portfolios' business and affairs and shall provide such services reasonably necessary for the operation of the Portfolios as are not provided by employees or other agents engaged by the Portfolios; provided, that the Manager shall not have any obligation to provide under this Agreement any direct or indirect services to the Portfolios' shareholders, any services related to the distribution of the Portfolios' shares, or any other services which are the subject of a separate agreement or arrangement between the Portfolios and the Manager. Subject to the foregoing, in providing business management services hereunder, the Manager shall, at its expense, (1) coordinate with the Portfolios' Custodian and monitor the services it provides to the Portfolios; (2) coordinate with and monitor any other third parties furnishing services to the Portfolios; (3) provide the Portfolios with the necessary office space, telephones and other communications facilities as are adequate for the Portfolios' needs; (4) provide the services of individuals competent to perform administrative and clerical functions which are not performed by employees or other agents engaged by the Portfolios or by the Manager acting in some other capacity pursuant to a separate agreement or arrangement with the Portfolios; (5) maintain or supervise the maintenance by third parties of such books and records of the Fund as may be required by applicable Federal or state law; (6) authorize and permit the Manager's directors, officers and employees who may be elected or appointed as trustees or officers of the Fund to serve in such capacities; and (7) take such other action with respect to the Fund, after approval by the Fund, as may be required by applicable law, including without limitation the rules and regulations of the SEC and of state securities commissions and other regulatory agencies. (b) The Manager may retain third parties to provide these services to the Fund, at the Manager's own cost and expense. The Manager shall make periodic reports to the Fund's Board of Trustees on the performance of its obligations under this Agreement, other than services provided to the Fund by third parties retained in accordance with the previous sentence.

Business Management Services. (a) The Manager shall supervise the PortfoliosFunds' business and affairs and shall provide such services reasonably necessary for the operation of the Portfolios Funds as are not provided by employees or other agents engaged by the Portfolios; providedFunds, provided that the Manager shall not have any obligation to provide under this Agreement any direct or indirect services to the PortfoliosFunds' shareholders, any services related to the distribution of the PortfoliosFunds' shares, or any other services which are the subject of a separate agreement or arrangement between the Portfolios Funds and the Manager. Subject to the foregoing, in providing business management services hereunder, the Manager shall, at its expense, (1) coordinate with the PortfoliosFunds' Custodian and monitor the services it provides to the PortfoliosFunds; (2) coordinate with and monitor any other third parties furnishing services to the PortfoliosFunds; (3) provide the Portfolios Funds with the necessary office space, telephones and other communications facilities as are adequate for the PortfoliosFunds' needs; (4) provide the services of individuals competent to perform administrative and clerical functions which are not performed by employees or other agents engaged by the Portfolios Funds or by the Manager acting in some other capacity pursuant to a separate agreement or arrangement with the PortfoliosFunds; (5) maintain or supervise the maintenance by third parties of such books and records of the Fund Trust as may be required by applicable Federal or state law; (6) authorize and permit the Manager's directors, officers and employees who may be elected or appointed as trustees or officers of the Fund Trust to serve in such capacities; and (7) take such other action with respect to the FundTrust, after approval by the Fundits Board of Trustees, as may be required by applicable law, including without limitation the rules and regulations of the SEC and of state securities commissions and other regulatory agencies. (b) The Manager may retain third parties to provide these services to the FundTrust, at the Manager's own cost and expense. The Manager shall make periodic reports to the FundTrust's Board of Trustees on the performance of its obligations under this Agreement, other than services provided to the Fund Trust by third parties retained in accordance with the previous sentence.

Business Management Services. (a) The Manager shall supervise the Portfolios' ’ business and affairs and shall provide such services reasonably necessary for the operation of the Portfolios as are not provided by employees or other agents engaged by the Portfolios; provided, that the Manager shall not have any obligation to provide under this Agreement any direct or indirect services to the Portfolios' ’ shareholders, any services related to the distribution of the Portfolios' ’ shares, or any other services which are the subject of a separate agreement or arrangement between the Portfolios and the Manager. Subject to the foregoing, in providing business management services hereunder, the Manager shall, at its expense, (1) coordinate with the Portfolios' ’ Custodian and monitor the services it provides to the Portfolios; (2) coordinate with and monitor any other third parties furnishing services to the Portfolios; (3) provide the Portfolios with the necessary office space, telephones and other communications facilities as are adequate for the Portfolios' ’ needs; (4) provide the services of individuals competent to perform administrative and clerical functions which are not performed by employees or other agents engaged by the Portfolios or by the Manager acting in some other capacity pursuant to a separate agreement or arrangement with the Portfolios; (5) maintain or supervise the maintenance by third parties of such books and and-records of the Fund as may be required by applicable Federal or state law; (6) authorize and permit the Manager's ’s directors, officers and employees who may be elected or appointed as trustees or officers of the Fund to serve in such capacities; and (7) take such other action with respect to the Fund, after approval by the Fund, as may be required by applicable law, including without limitation the rules and regulations of the SEC and of state securities commissions and other regulatory agencies. (b) The Manager may retain third parties to provide these services to the Fund, at the Manager's ’s own cost and expense. The Manager shall make periodic reports to the Fund's ’s Board of Trustees on the performance of its obligations under this Agreement, other than services provided to the Fund by third parties retained in accordance with the previous sentence.

Business Management Services. (a) The Manager shall supervise the Portfolios' Fund's business and affairs and shall provide such services reasonably necessary for the operation of the Portfolios Fund as are not provided by employees or other agents engaged by the PortfoliosFund; provided, that the Manager shall not have any obligation to provide under this Interim Agreement any direct or indirect services to the Portfolios' Fund's shareholders, any services related to the distribution of the Portfolios' Fund's shares, or any other services which are the subject of a separate agreement or arrangement between the Portfolios Fund and the Manager. Subject to the foregoing, in providing business management services hereunder, the Manager shall, at its expense, (1) review the activities of the Fund's investment adviser to ensure that the Fund is operated in compliance with the Fund's investment objective and policies and with the 1940 Act; (2) coordinate with the Portfolios' Fund's Custodian and Transfer Agent and monitor the services it provides they provide to the PortfoliosFund; (23) coordinate with and monitor any other third parties furnishing services to the PortfoliosFund; (34) provide the Portfolios Fund with the necessary office space, telephones and other communications facilities as are adequate for the Portfolios' Fund's needs; (45) provide the services of individuals competent to perform administrative and clerical functions which are not performed by employees or other agents engaged by the Portfolios Fund or by the Manager acting in some other capacity pursuant to a separate agreement or arrangement with the PortfoliosFund; (56) maintain or supervise the maintenance by third parties of such books and records of the Fund Company as may be required by applicable Federal or state law; (67) authorize and permit the Manager's directors, officers and employees who may be elected or appointed as trustees directors or officers of the Fund Company to serve in such capacities; and (7) 8) take such other action with respect to the FundCompany, after approval by the FundCompany, as may be required by applicable law, including without limitation the rules and regulations of the SEC and of state securities commissions and other regulatory agencies. (b) The Manager may retain third parties to provide these services to the FundCompany, at the Manager's own cost and expense. The Manager shall make periodic reports to the FundCompany's Board of Trustees on the performance of its obligations under this Interim Agreement, other than services provided to the Fund Company by third parties retained in accordance with the previous pervious sentence.

Business Management Services. (a) The Manager shall supervise the Portfolios' business and affairs and shall provide such services reasonably necessary for the operation of the Portfolios as are not provided by employees or other agents engaged by the Portfolios; ' provided, that the Manager shall not have any obligation to provide under this Agreement any direct or indirect services to the Portfolios' shareholders, any services related to the distribution of the Portfolios' shares, or any other services which are the subject of a separate agreement or arrangement between the Portfolios and the Manager. Subject to the foregoing, in providing business management services hereunder, the Manager shall, at its expense, (1) coordinate with the Portfolios' Custodian and monitor the services it provides to the Portfolios; (2) coordinate with and monitor any other third parties furnishing services to the Portfolios; (3) provide the Portfolios with the necessary office space, telephones and other communications facilities as are adequate for the Portfolios' needs; (4) provide the services of individuals competent to perform administrative and clerical functions which are not performed by employees or other agents engaged by the Portfolios or by the Manager acting in some other capacity pursuant to a separate agreement or arrangement with the Portfolios; ' (5) maintain or supervise the maintenance by third parties of such books and records of the Fund as may be required by applicable Federal or state law; (6) authorize and permit the ManagerManger's directors, officers and employees who may be elected or appointed as trustees or officers of the Fund to serve in such capacities; and (7) take such other action with respect to the Fund, after approval by the Fund, as may be required by applicable law, including without limitation the rules and regulations of the SEC and of state securities commissions and other regulatory agencies. (b) The Manager may retain third parties to provide these services to the Fund, at the Manager's own cost and expense. The Manager shall make periodic reports to the Fund's Board of Trustees on the performance of its obligations under this Agreement, other than services provided to the Fund by third parties retained in accordance with the previous sentence.

Business Management Services. (a) The Manager shall supervise the Portfolios' business and affairs and shall provide such services reasonably necessary for the operation of the Portfolios as are not provided by employees or other agents engaged by the Portfolios; provided, that the Manager shall not have any obligation to provide under this Interim Agreement any direct or indirect services to the Portfolios' shareholders, any services related to the distribution of the Portfolios' shares, or any other services which are the subject of a separate agreement or arrangement between the Portfolios and the Manager. Subject to the foregoing, in providing business management services hereunder, the Manager shall, at its expense, (1) coordinate with the Portfolios' Custodian and monitor the services it provides to the Portfolios; (2) coordinate with and monitor any other third parties furnishing services to the Portfolios; (3) provide the Portfolios with the necessary office space, telephones and other communications facilities as are adequate for the Portfolios' needs; (4) provide the services of individuals competent to perform administrative and clerical functions which are not performed by employees or other agents engaged by the Portfolios or by the Manager acting in some other capacity pursuant to a separate agreement or arrangement with the Portfolios; (5) maintain or supervise the maintenance by third parties of such books and records of the Fund as may be required by applicable Federal or state law; (6) authorize and permit the Manager's directors, officers and employees who may be elected or appointed as trustees or officers of the Fund to serve in such capacities; and (7) take such other action with respect to the Fund, after approval by the Fund, as may be required by applicable law, including without limitation the rules and regulations of the SEC and of state securities commissions and other regulatory agencies. (b) The Manager may retain third parties to provide these services to the Fund, at the Manager's own cost and expense. The Manager shall make periodic reports to the Fund's Board of Trustees on the performance of its obligations under this Interim Agreement, other than services provided to the Fund by third parties retained in accordance with the previous sentence.

Business Management Services. (a) The Manager shall supervise the PortfoliosFunds' business and affairs and shall provide such services reasonably necessary for the operation of the Portfolios Funds as are not provided by employees or other agents engaged by the PortfoliosFunds; provided, that the Manager shall not have any obligation to provide under this Agreement any direct or indirect services to the PortfoliosFunds' shareholders, any services related to the distribution of the PortfoliosFunds' shares, or any other services which are the subject of a separate agreement or arrangement between the Portfolios Funds and the Manager. Subject to the foregoing, in providing business management services hereunder, the Manager shall, at its expense, (1) review the activities of each Fund's investment adviser to ensure that each Fund is operated in compliance with the Fund's investment objective and policies and with the 1940 Act; (2) coordinate with the PortfoliosFunds' Custodian and Transfer Agent and monitor the services it provides they provide to the PortfoliosFunds; (23) coordinate with and monitor any other third parties furnishing services to the PortfoliosFunds; (34) provide the Portfolios Funds with the necessary office space, telephones and other communications facilities as are adequate for the PortfoliosFunds' needs; (45) provide the services of individuals competent to perform administrative and clerical functions which are not performed by employees or other agents engaged by the Portfolios Funds or by the Manager acting in some other capacity pursuant to a separate agreement or arrangement with the PortfoliosFunds; (56) maintain or supervise the maintenance by third parties of such books and records of the Fund Company as may be required by applicable Federal or state law; (67) authorize and permit the Manager's directors, officers and employees who may be elected or appointed as trustees directors or officers of the Fund Company to serve in such capacities; and (7) 8) take such other action with respect to the FundCompany, after approval by the FundCompany, as may be required by applicable law, including without limitation the rules and regulations of the SEC and of state securities commissions and other regulatory agencies. (b) The Manager may retain third parties to provide these services to the FundCompany, at the Manager's own cost and expense. The Manager shall make periodic reports to the FundCompany's Board of Trustees on the performance of its obligations under this Agreement, other than services provided to the Fund Company by third parties retained in accordance with the previous sentence.

Business Management Services. (a) The Manager shall supervise the PortfoliosFunds' business and affairs and shall provide such services reasonably necessary for the operation of the Portfolios Funds as are not provided by employees or other agents engaged by the PortfoliosFunds; provided, that the Manager shall not have any obligation to provide under this Agreement any direct or indirect services to the PortfoliosFunds' shareholders, any services related to the distribution of the PortfoliosFunds' shares, or any other services which are the subject of a separate agreement or arrangement between the Portfolios Funds and the Manager. Subject to the foregoing, in providing business management services hereunder, the Manager shall, at its expense, (1) review the activities of each Fund's investment adviser to ensure that each Fund is operated in compliance with the Fund's investment objective and policies and with the 1940 Act; (2) coordinate with the PortfoliosFunds' Custodian and Transfer Agent and monitor the services it provides they provide to the PortfoliosFunds; (23) coordinate with and monitor any other third parties furnishing services to the PortfoliosFunds; (34) provide the Portfolios Fund with the necessary office space, telephones and other communications facilities as are adequate for the PortfoliosFunds' needs; (45) provide the services of individuals competent to perform administrative and clerical functions which are not performed by employees or other agents engaged by the Portfolios Funds or by the Manager acting in some other capacity pursuant to a separate agreement or arrangement with the PortfoliosFunds; (56) maintain or supervise the maintenance by third parties of such books and records of the Fund Company as may be required by applicable Federal or state law; (67) authorize and permit the Manager's directors, officers and employees who may be elected or appointed as trustees directors or officers of the Fund Company to serve in such capacities; and (7) 8) take such other action with respect to the FundCompany, after approval by the FundCompany, as may be required by applicable law, including without limitation the rules and regulations of the SEC and of state securities commissions and other regulatory agencies. (b) The Manager may retain third parties to provide these services to the FundCompany, at the Manager's own cost and expense. The Manager shall make periodic reports to the FundCompany's Board of Trustees Directors on the performance of its obligations under this Agreement, other than services provided to the Fund Company by third parties retained in accordance with the previous sentence.

Business Management Services. (a) The Manager shall supervise the PortfoliosFunds' business and affairs and shall provide such services reasonably necessary for the operation of the Portfolios Funds as are not provided by employees or other agents engaged by the PortfoliosFunds; provided, that the Manager shall not have any obligation to provide under this Agreement any direct or indirect services to the PortfoliosFunds' shareholders, any services related to the distribution of the PortfoliosFunds' shares, or any other services which are the subject of a separate agreement or arrangement between the Portfolios Funds and the Manager. Subject to the foregoing, in providing business management services hereunder, the Manager shall, at its expense, (1) review the activities of each Fund's investment adviser to ensure that each Fund is operated in compliance with the Fund's investment objective and policies and with the 1940 Act; (2) coordinate with the PortfoliosFunds' Custodian and Transfer Agent and monitor the services it provides they provide to the PortfoliosFunds; (23) coordinate with and monitor any other third parties furnishing services to the PortfoliosFunds; (34) provide the Portfolios Funds with the necessary office space, telephones and other communications facilities as are adequate for the PortfoliosFunds' needs; (45) provide the services of individuals competent to perform administrative and clerical functions which are not performed by employees or other agents engaged by the Portfolios Funds or by the Manager acting in some other capacity pursuant to a separate agreement or arrangement with the PortfoliosFunds; (56) maintain or supervise the maintenance by third parties of such books and records of the Fund Company as may be required by applicable Federal or state law; (67) authorize and permit the Manager's directors, officers and employees who may be elected or appointed as trustees directors or officers of the Fund Company to serve in such capacities; and (7) 8) take such other action with respect to the FundCompany, after approval by the FundCompany, as may be required by applicable law, including without limitation the rules and regulations of the SEC and of state securities commissions and other regulatory agencies. (b) The Manager may retain third parties to provide these services to the FundCompany, at the Manager's own cost and expense. The Manager shall make periodic reports to the FundCompany's Board of Trustees on the performance of its obligations under this Agreement, other than services provided to the Fund Company by third parties retained in accordance with the previous pervious sentence.