Common use of Duties and Obligations of the Sub Clause in Contracts

Duties and Obligations of the Sub. ADVISER WITH RESPECT TO INVESTMENTS OF ASSETS OF THE FUNDS (a) Subject to the succeeding provisions of this section and subject to the oversight and review of the Adviser and the direction and control of the Board of Directors of the Fund Company, the Sub-Adviser shall: (i) Determine what securities shall be purchased or sold by each Fund specified on EXHIBIT A; (ii) Arrange for the purchase and the sale of securities held in each Fund specified on EXHIBIT A; and (iii) Provide the Adviser and the Directors with such reports as may reasonably be requested in connection with the discharge of the foregoing responsibilities and the discharge of the Adviser's responsibilities under its Investment Advisory Agreement with the Fund Company and those of the Distributor under its Distribution Agreement with the Fund Company. (b) Any investment purchases or sales made by the Sub-Adviser under this section shall at all times conform to, and be in accordance with, any requirements imposed by: (1) the provisions of the Investment Company Act of 1940 (the "Act") and of any rules or regulations in force thereunder; and (2) the provisions of the Articles of Incorporation and By-Laws of the Fund Company as amended from time to time; (3) any policies and determinations of the Board of Directors of the Fund Company; and

Duties and Obligations of the Sub. ADVISER WITH RESPECT TO INVESTMENTS OF ASSETS OF THE FUNDSPORTFOLIOS (a) Subject to the succeeding provisions of this section and subject to the oversight and review of the Adviser and the direction and control of the Board of Directors of the Fund CompanyFund, the Sub-Adviser shall: (i) Determine what securities shall be purchased or sold by each Fund Portfolio specified on EXHIBIT Exhibit A; (ii) Arrange for the purchase and the sale of securities held in each Fund Portfolio specified on EXHIBIT Exhibit A; and (iii) Provide the Adviser and the Directors with such reports as may reasonably be requested in connection with the discharge of the foregoing responsibilities and the discharge of the Adviser's responsibilities under its Investment Advisory Agreement with the Fund Company and those of X.X. Xxxxxxx and Company (the Distributor "Distributor") under its Distribution Agreement with the Fund CompanyFund. (b) Any investment purchases or sales made by the Sub-Adviser under this section shall at all times conform to, and be in accordance with, any requirements imposed by: (1) the provisions of the Investment Company Act of 1940 (the "Act") and of any rules or regulations in force thereunder; and (2) the provisions of the Articles of Incorporation and By-Laws of the Fund Company as amended from time to time; (3) any policies and determinations of the Board of Directors of the Fund CompanyFund; and

Duties and Obligations of the Sub. ADVISER ADVISOR WITH RESPECT TO INVESTMENTS OF ASSETS OF THE FUNDSPORTFOLIOS (a) Subject to the succeeding provisions of this section and subject to the oversight and review of the Adviser Advisor and the direction and control of the Board of Directors of the Fund CompanyFund, the Sub-Adviser Advisor shall: (i) Determine what securities shall be purchased or sold by each Fund Portfolio specified on EXHIBIT Exhibit A; (ii) Arrange for the purchase and the sale of securities held in each Fund Portfolio specified on EXHIBIT Exhibit A; and (iii) Provide the Adviser Advisor and the Directors with such reports as may reasonably be requested in connection with the discharge of the foregoing responsibilities and the discharge of the AdviserAdvisor's responsibilities under its the Investment Advisory Agreement with the Fund Company and those of X.X. Xxxxxxx and Company (the Distributor "Distributor") under its the Distribution Agreement with the Fund CompanyFund. (b) Any investment purchases or sales made by the Sub-Adviser Advisor under this section shall at all times conform to, and be in accordance with, any requirements imposed by: (1) the provisions of the Investment Company Act of 1940 (the "Act") and of any rules or regulations in force thereunder; and (2) the provisions of the Articles of Incorporation and By-Laws of the Fund Company as amended from time to time; (3) any policies and determinations of the Board of Directors of the Fund CompanyFund; and