Common use of Duties of Administrator Clause in Contracts

Duties of Administrator. Subject to the supervision and direction of the Board of Directors of the Fund, IBT, as Administrator, will assist in conducting various aspects of the Fund's administrative operations and undertakes to perform the services described in Appendix 1 hereto. IBT may, from time to time, perform additional duties and functions which shall be set forth in an amendment to such Appendix 1 executed by both parties. At such time, the fee schedule included in Appendix 2 hereto shall be appropriately amended. In performing all services under this Agreement, IBT shall act in conformity with the Fund's Articles and By-Laws and the 1940 Act, as the same may be amended from time to time, and the investment objectives, investment policies and other practices and policies set forth in the Fund's Registration Statement, as the same may be amended from time to time. Notwithstanding any item discussed herein, IBT has no discretion over the Fund's assets or choice of investments and cannot be held liable for any problem relating to such investments.

Duties of Administrator. Subject to the supervision and direction of the Board of Directors of the Fund, IBTthe Bank, as Administrator, will assist in conducting various aspects of the Fund's administrative operations and undertakes to perform the services described in Appendix 1 B hereto. IBT The Bank may, from time to time, perform additional duties and functions which shall be set forth in an amendment to such Appendix 1 B executed by both parties. At such time, the fee schedule included in Appendix 2 C hereto shall be appropriately amended. In performing all services under this Agreement, IBT the Bank shall act in conformity with the Fund's Articles and By-Laws and the 1940 Act, as the same may be amended from time to time, and the investment objectives, investment policies and other practices and policies set forth in the Fund's Registration Statement, as the same may be amended from time to time. Notwithstanding any item discussed herein, IBT the Bank has no discretion over the Fund's assets or choice of investments and cannot be held liable for any problem relating to such investments.

Duties of Administrator. Subject to the supervision and direction of the Board of Directors Trustees of the Fund, IBT, as Administrator, will assist in conducting various aspects of the Fund's administrative operations and undertakes to perform the services described in Appendix 1 APPENDIX 2 hereto. IBT may, from time to time, perform additional duties and functions which shall be set forth in an amendment to such Appendix 1 executed APPENDIX 2executed by both parties. At such time, the fee schedule included in Appendix 2 APPENDIX 3 hereto shall be appropriately amended. In performing all services under this Agreement, IBT shall act in conformity with the Fund's Articles Declaration and By-Laws and the 1940 ActLaws, as the same may be amended from time to time, and the investment objectives, investment policies and other practices and policies set forth in the Fund's Registration Statementoffering documents, as the same may be amended from time to time. Notwithstanding any item discussed herein, IBT has no discretion over the Fund's assets or choice of investments and cannot be held liable for any problem relating to such investments.