Common use of Business Management Services Clause in Contracts

Business Management Services. Subject to the direction and control of the Board of Trustees of the Trust, the Manager hereby agrees that it shall provide the following business management services to the Trust and the Funds, to the extent that such services are not otherwise already being provided to the Trust and the Funds by another party that has been engaged by the Trust for the provision of the subject services: (a) supervising all aspects of the management and operations of the Trust, which shall be deemed to include the monitoring of the Trust’s relationships with those third-party service providers that may be retained from time to time by the Trust, including, but not necessarily limited to, such custodians, transfer agents, distributors (including any dealers utilized by such distributors), administrators, accounting agents, dividend disbursing agents, securities lending agents, independent registered public accounting firms, law firms, and such other agents and service providers as may be engaged to provide services to the Trust; (b) providing such officers to the Trust as are deemed necessary and appropriate for carrying out the executive functions of the Trust; (c) supervising the preparation of such periodic reports to shareholders of the Funds that are required under the 1940 Act; (d) supervising compliance by each of the Funds with the recordkeeping requirements imposed under the 1940 Act and the rules and regulations thereunder, and any similar applicable state laws, rules or regulations with respect to recordkeeping; (e) monitoring the Trust’s compliance with the provisions of Rule 38a-1 under the 1940 Act and either providing the Trust with or procuring for the Trust the services of a Chief Compliance Officer in accordance with Rule 38a-1, in the event so requested; (f) assisting with providing necessary and appropriate services to the Board of Trustees of the Trust, including, but not necessarily limited to, assistance with: (i) the preparation of certain Board meeting materials for use by the members of the Board and (ii) liaisoning with the members of the Board in order to facilitate the Board meeting and planning process and assisting with Board management functions; (g) assisting with the procurement of such insurance coverage for the Trust as is required under the 1940 Act and assisting with the procurement of such insurance coverage as the Board of Trustees may deemed necessary and advisable for the ongoing protection of the interests of the Board members and the officers of the Trust; and (h) providing such other business management services as are deemed incidental to carrying out the above services as the Board of Trustees may request of the Manager from time to time.

Business Management Services. Subject to the direction and control of the Board of Trustees of the Trust, the Manager Axonic hereby agrees that it shall provide the following business management services to the Trust and the FundsTrust, to the extent that such services are not otherwise already being provided to the Trust and the Funds by another party that has been engaged by the Trust for the provision of the subject services: : (a) supervising all aspects of the management and operations of the Trust, which shall be deemed to include the monitoring of the Trust’s relationships with those third-party service providers that may be retained from time to time by the Trust, including, but not necessarily limited to, such custodians, transfer agents, distributors (including any dealers utilized by such distributors), administrators, accounting agents, dividend disbursing agents, securities lending agents, independent registered public accounting firms, law firms, and such other agents and service providers as may be engaged to provide services to the Trust; ; (b) providing such officers to the Trust as are deemed necessary and appropriate for carrying out the executive functions of the Trust; ; (c) supervising the preparation of such periodic reports to shareholders of the Funds Fund that are required under the 1940 Act; ; (d) supervising compliance by each of the Funds Fund with the recordkeeping requirements imposed under the 1940 Act and the rules and regulations thereunder, and any similar applicable state laws, rules or regulations with respect to recordkeeping; ; (e) monitoring the TrustFund’s compliance with the provisions of Rule 38a-1 under the 1940 Act and either providing the Trust Fund with or procuring for the Trust Fund the services of a Chief Compliance Officer in accordance with Rule 38a-1, in the event so requested; ; (f) assisting with providing necessary and appropriate services to the Board of Trustees of the Trust, including, but not necessarily limited to, assistance with: (i) the preparation of certain Board meeting materials for use by the members of the Board and (ii) liaisoning liaising with the members of the Board in order to facilitate the Board meeting and planning process and assisting with Board management functions; ; (g) assisting with the procurement of such insurance coverage for the Trust as is required under the 1940 Act and assisting with the procurement of such insurance coverage as the Board of Trustees may deemed necessary and advisable for the ongoing protection of the interests of the Board members and the officers of the Trust; and and (h) providing such other business management services as are deemed incidental to carrying out the above services as the Board of Trustees may request of the Manager Axonic from time to time.