Common use of Controller and Assistant Controllers Clause in Contracts

Controller and Assistant Controllers. The Controller shall be the chief accounting officer of the Trust. He shall direct the preparation and maintenance, on a current basis, of such accounting books, records and reports as may be necessary to permit the directors, officers and executives of the Trust or as may be required by law. He shall perform all the acts incidental to the office of Controller, subject to the control of the Board of Trustees, the Executive Vice-President or the Senior Vice-President. Any Assistant Controller may perform such duties of the Controller as the Controller or the Board of Trustees may assign, of the Controller.

Controller and Assistant Controllers. The Controller shall be the chief accounting officer of the TrustCompany. He shall direct the preparation and maintenance, on a current basis, of such accounting books, records and reports as may be necessary to permit the directors, officers and executives of the Trust Company or as may be required by law. He shall perform all the acts incidental to the office of Controller, subject to the control of the Board of TrusteesManagers, the Executive Vice-President or the Senior Vice-President. Any Assistant Controller may perform such duties of the Controller as the Controller or the Board of Trustees Managers may assign, of the Controller.