Common use of Duties of Administrator Clause in Contracts

Duties of Administrator. (a) The Administrator shall, subject to the general supervision of the Trustees of the Fund, provide certain administrative services to the Fund. In this regard, the Administrator shall (i) review the preparation of reports and proxy statements to Shareholders, the periodic updating of the Prospectus, the Additional Statement and the Registration Statement and the preparation of all other reports and documents required to be filed by the Fund with the Commission; (ii) periodically review the services performed by the Adviser, the Distributor, the Administration/Accounting Agent, the Custodian and the Transfer Agent, and make such reports and recommendations to the Trustees of the Fund concerning the performance of such services as the Trustees reasonably request or as the Administrator deems appropriate; (iii) to the extent requested by the Trustees or officers of the Fund, negotiate changes to the terms and provisions of the Advisory Agreement, the Administration/Accounting Agreement, the Custodian Agreement and the Transfer Agency Agreement; (iv) provide the Fund with personnel to perform such executive, administrative and clerical services as may be reasonably requested by the Trustees or officers of the Fund; (v) provide facilities, equipment and personnel to serve the needs of investors, including communications systems and personnel to handle Shareholder inquiries; (vi) develop and monitor investor programs for credit unions; (vii) provide assistance in connection with the processing of Share purchase and redemption orders as reasonably requested by the Transfer Agent or the Trustees or officers of the Fund; (viii) inform the Adviser in connection with the portfolio management of the Fund as to anticipated purchases and redemptions by Shareholders and new investors; (ix) provide information and assistance as requested by the Administration/Accounting Agent in connection with the registration of the Fund’s Shares in accordance with state securities requirements; (x) make available and distribute to Shareholders information prepared by the Fund as requested by the Trustees or officers of the Fund; (xi) handle Shareholder problems and calls relating to administrative matters; (xii) provide advice and assistance concerning the regulatory requirements applicable to credit unions that invest in the Fund; (xiii) provide assistance in connection with the preparation of the Fund’s periodic financial statements and annual audit as reasonably requested by the Trustees or officers of the Fund or the Fund’s independent accountants; (xiv) furnish stationery and office supplies; and (xv) generally assist in the Fund’s operations. (b) In addition, the Administrator shall be responsible generally for providing such office space and equipment and telephone facilities and personnel as may be necessary or desirable for performance of all of its services hereunder. (c) The Administrator, in the performance of its duties hereunder, shall act in conformity with the Trust Agreement, By-Laws, Prospectus, Additional Statement and Registration Statement and with the instructions and directions of the Trustees and officers of the Fund, and will use its best efforts to comply with and conform to the requirements of the 1940 Act and all other applicable federal and state laws, regulations and rulings. (d) The Administrator shall render to the Fund and the Adviser such periodic and special reports as either of them may reasonably request. (e) The services of the Administrator hereunder are not deemed exclusive and the Administrator shall be free to render similar services to others so long as its services under this Agreement are not impaired thereby.

Duties of Administrator. (a) The Administrator shall, subject to the general supervision of the Trustees of the Fund, provide certain administrative services to the Fund. In this regard, the Administrator shall (i) review the preparation of reports and proxy statements to ShareholdersUnitholders, the periodic updating of the Prospectus, the Additional Statement and the Registration Statement and the preparation of all other reports and documents required to be filed by the Fund with the Commission; (ii) periodically review the services performed by the Adviser, the DistributorCustodian, the Administration/Accounting Agent, the Custodian Distributors and the Transfer Agent, and make such reports and recommendations to the Trustees of the Fund concerning the performance of such services as the Trustees reasonably request or as the Administrator deems appropriate; (iii) to the extent requested by the Trustees or officers of the Fund, negotiate changes to the terms and provisions of the Advisory Agreement, the Administration/Accounting Custodian Agreement, the Custodian Transfer Agency Agreement and the Transfer Agency Goldman Distribution Agreement; (iv) provide the Fund with personnel to perform such executive, administrative and clerical services as may be reasonably requested by the Trustees or officers of the Fund; (v) provide facilities, equipment and personnel to serve the needs of investors, including communications systems and personnel to handle Shareholder Unitholder inquiries; (vi) develop and monitor investor programs for credit unions; (vii) provide assistance in connection with the processing of Share Unit purchase and redemption orders as reasonably requested by the Transfer Agent or the Trustees or officers of the Fund; (viii) inform the Adviser in connection with the portfolio management of the Fund as to anticipated purchases and redemptions by Shareholders Unitholders and new investors; (ix) provide information and assistance as requested by the AdministrationAdviser/Accounting Transfer Agent in connection with the registration of the Fund’s Shares 's Units in accordance with state securities requirements; (x) make available and distribute to Shareholders Unitholders information prepared by the Fund as requested by the Trustees or officers of the Fund; (xi) handle Shareholder Unitholder problems and calls relating to administrative matters; (xii) provide advice and assistance concerning the regulatory requirements applicable to credit unions that invest in the Fund; (xiii) provide assistance in connection with the preparation of the Fund’s 's periodic financial statements and annual audit as reasonably requested by the Trustees or officers of the Fund or the Fund’s 's independent accountants; (xiv) furnish stationery and office supplies; and (xv) generally assist in the Fund’s 's operations. (b) In addition, the Administrator shall be responsible generally for providing such office space and equipment and telephone facilities and personnel as may be necessary or desirable for performance of all of its services hereunder. (c) The Administrator, in the performance of its duties hereunder, shall act in conformity with the Trust Agreement, By-Laws, Prospectus, Additional Statement and Registration Statement and with the instructions and directions of the Trustees and officers of the Fund, and will use its best efforts to comply with and conform to the requirements of the 1940 Act and all other applicable federal and state laws, regulations and rulings. (d) The Administrator shall render to the Fund and the Adviser Adviser/Transfer Agent such periodic and special reports as either of them may reasonably request. (e) The services of the Administrator hereunder are not deemed exclusive and the Administrator shall be free to render similar services to others so long as its services under this Agreement are not impaired thereby.

Duties of Administrator. The Trust employs the Administrator (ai) to continuously review, supervise, and administer the investment program of the Portfolios; (ii) to monitor regularly the S&P 500 Index and the Extended Market Index and the relevant index or other designated securities for any other portfolios as the parties hereto may hereafter agree upon (all such indexes or other designated securities to be as defined from time to time in the Trust's current Prospectus) to determine if portfolio adjustments are warranted due to changes in index composition, mergers or other similar reasons and, if so, to make such adjustments on a periodic basis; (iii) to determine, in the Administrator's discretion, the securities to be purchased or sold or exchanged in order to keep each Portfolio in approximate balance with its designated index or designated securities group; (iv) to determine, in the Administrator's discretion, whether to exercise warrants or other rights with respect to Portfolio securities, and whether to accept tender offers with respect to such securities (with any finders fees realized in connection with tender offers or other rights with respect to Portfolio securities being rebated to the Portfolios); (v) to determine, in the Administrator's discretion, whether the merit of a Portfolio investment has been substantially impaired by extraordinary events or financial conditions, thereby warranting the removal of such securities from a Portfolio, notwithstanding its inclusion in the designated index or securities group; (vi) to calculate and provide to the Manager the net asset value of each Portfolio on each day that the Trust's custodian banks and the New York Stock Exchange are open for business; (vii) to provide the Manager and the Trust on behalf of the Portfolios with records concerning the Administrator's activities which the Trust is required to by law maintain; and (viii) to render regular reports to the Manager and to the Trust's officers and Trustees concerning the Administrator's discharge of the foregoing responsibilities. The Administrator shall, shall discharge the foregoing responsibilities subject to the general supervision oversight of the Manager and in compliance with such policies as the Trustees of the FundTrust may from time to time establish, and in compliance with the objectives, policies, and limitations for each Portfolio as set forth in the Trust's then current registration statement under the Act and applicable laws and regulations. The Administrator accepts such employment and agrees, at its own expense, to render the services and to provide certain administrative services to the Fund. In this regardoffice space, the Administrator shall (i) review the preparation of reports furnishings and proxy statements to Shareholders, the periodic updating of the Prospectus, the Additional Statement equipment and the Registration Statement and the preparation of all other reports and documents personnel required by it to be filed by the Fund with the Commission; (ii) periodically review perform the services performed by the Adviser, the Distributor, the Administration/Accounting Agent, the Custodian and the Transfer Agent, and make such reports and recommendations to the Trustees of the Fund concerning the performance of such services as the Trustees reasonably request or as the Administrator deems appropriate; (iii) to the extent requested by the Trustees or officers of the Fund, negotiate changes to on the terms and provisions of for the Advisory Agreement, the Administration/Accounting Agreement, the Custodian Agreement and the Transfer Agency Agreement; (iv) provide the Fund with personnel to perform such executive, administrative and clerical services as may be reasonably requested by the Trustees or officers of the Fund; (v) provide facilities, equipment and personnel to serve the needs of investors, including communications systems and personnel to handle Shareholder inquiries; (vi) develop and monitor investor programs for credit unions; (vii) provide assistance in connection with the processing of Share purchase and redemption orders as reasonably requested by the Transfer Agent or the Trustees or officers of the Fund; (viii) inform the Adviser in connection with the portfolio management of the Fund as to anticipated purchases and redemptions by Shareholders and new investors; (ix) provide information and assistance as requested by the Administration/Accounting Agent in connection with the registration of the Fund’s Shares in accordance with state securities requirements; (x) make available and distribute to Shareholders information prepared by the Fund as requested by the Trustees or officers of the Fund; (xi) handle Shareholder problems and calls relating to administrative matters; (xii) provide advice and assistance concerning the regulatory requirements applicable to credit unions that invest in the Fund; (xiii) provide assistance in connection with the preparation of the Fund’s periodic financial statements and annual audit as reasonably requested by the Trustees or officers of the Fund or the Fund’s independent accountants; (xiv) furnish stationery and office supplies; and (xv) generally assist in the Fund’s operationscompensation provided herein. (b) In addition, the Administrator shall be responsible generally for providing such office space and equipment and telephone facilities and personnel as may be necessary or desirable for performance of all of its services hereunder. (c) The Administrator, in the performance of its duties hereunder, shall act in conformity with the Trust Agreement, By-Laws, Prospectus, Additional Statement and Registration Statement and with the instructions and directions of the Trustees and officers of the Fund, and will use its best efforts to comply with and conform to the requirements of the 1940 Act and all other applicable federal and state laws, regulations and rulings. (d) The Administrator shall render to the Fund and the Adviser such periodic and special reports as either of them may reasonably request. (e) The services of the Administrator hereunder are not deemed exclusive and the Administrator shall be free to render similar services to others so long as its services under this Agreement are not impaired thereby.

Duties of Administrator. (a) The Administrator shall, subject to the general supervision of the Trustees of the Fund, provide certain administrative services to the Fund. In this regard, the Administrator shall (i) review the preparation of reports and proxy statements to ShareholdersUnitholders, the periodic updating of the Prospectus, the Additional Statement and the Registration Statement and the preparation of all other reports and documents required to be filed by the Fund with the Commission; (ii) periodically review the services performed by the Adviser, the Distributor, the Administration/Accounting Agent, the Custodian and the Transfer Agent, and make such reports and recommendations to the Trustees of the Fund concerning the performance of such services as the Trustees reasonably request or as the Administrator deems appropriate; (iii) to the extent requested by the Trustees or officers of the Fund, negotiate changes to the terms and provisions of the Advisory Agreement, the Administration/Accounting Agreement, the Custodian Agreement and the Transfer Agency Agreement; (iv) provide the Fund with personnel to perform such executive, administrative and clerical services as may be reasonably requested by the Trustees or officers of the Fund; (v) provide facilities, equipment and personnel to serve the needs of investors, including communications systems and personnel to handle Shareholder Unitholder inquiries; (vi) develop and monitor investor programs for credit unions; (vii) provide assistance in connection with the processing of Share Unit purchase and redemption orders as reasonably requested by the Transfer Agent or the Trustees or officers of the Fund; (viii) inform the Adviser in connection with the portfolio management of the Fund as to anticipated purchases and redemptions by Shareholders Unitholders and new investors; (ix) provide information and assistance as requested by the Administration/Accounting Agent in connection with the registration of the Fund’s Shares Units in accordance with state securities requirements; (x) make available and distribute to Shareholders Unitholders information prepared by the Fund as requested by the Trustees or officers of the Fund; (xi) handle Shareholder Unitholder problems and calls relating to administrative matters; (xii) provide advice and assistance concerning the regulatory requirements applicable to credit unions that invest in the Fund; (xiii) provide assistance in connection with the preparation of the Fund’s periodic financial statements and annual audit as reasonably requested by the Trustees or officers of the Fund or the Fund’s independent accountants; (xiv) furnish stationery and office supplies; and (xv) generally assist in the Fund’s operations. (b) In addition, the Administrator shall be responsible generally for providing such office space and equipment and telephone facilities and personnel as may be necessary or desirable for performance of all of its services hereunder. (c) The Administrator, in the performance of its duties hereunder, shall act in conformity with the Trust Agreement, By-Laws, Prospectus, Additional Statement and Registration Statement and with the instructions and directions of the Trustees and officers of the Fund, and will use its best efforts to comply with and conform to the requirements of the 1940 Act and all other applicable federal and state laws, regulations and rulings. (d) The Administrator shall render to the Fund and the Adviser such periodic and special reports as either of them may reasonably request. (e) The services of the Administrator hereunder are not deemed exclusive and the Administrator shall be free to render similar services to others so long as its services under this Agreement are not impaired thereby.

Duties of Administrator. (a) The Administrator shall, subject Subject to the general supervision and direction of the Trustees Board of Directors of the Fund, provide certain Investors Bank, as Administrator, will assist in supervising various aspects of the Fund's administrative operations and undertakes to perform the following specific services: (a) Maintaining office facilities (which may be in the offices of Investors Bank or a corporate affiliate); (b) Furnishing internal executive and administrative services and clerical services; (c) Furnishing corporate secretarial services including preparation and distribution of materials for Board of Directors meetings; (d) Accumulating information for and, subject to approval by the Fund's treasurer and legal counsel, coordination of the preparation, filing, printing and dissemination of reports to the Fund. In this regard's shareholders of record and the SEC including, but not necessarily limited to, post-effective amendments to the Administrator shallFund's registration statement, annual reports, semiannual reports, Form N-SAR, 24f-2 notices and proxy material; (ie) review Participating in the preparation and filing of various reports or other documents required by federal, state and proxy statements to Shareholdersother applicable laws and regulations, the periodic updating of the Prospectusincluding "Blue Sky" state securities law registration filings, the Additional Statement and the Registration Statement and the preparation of all other reports and documents than those filed or required to be filed by the Fund with the CommissionFund's investment adviser or transfer agent; (iif) periodically review Coordinating the services performed by the Adviser, the Distributor, the Administration/Accounting Agent, the Custodian preparation and the Transfer Agent, and make such reports and recommendations to the Trustees filing of the Fund concerning the performance of such services as the Trustees reasonably request or as the Administrator deems appropriateFund's tax returns; (iiig) to Monitor activity and prepare reports concerning compliance with the extent requested 1940 Act; Subchapter M of the Internal Revenue Code of 1986, as amended, the Fund's Registration Statement and policies and procedures adopted by the Trustees Fund's Board of Directors or officers of the Fund, negotiate changes to the terms and provisions of the Advisory Agreement, the Administration/Accounting Agreement, the Custodian Agreement and the Transfer Agency Agreementinvestment adviser; (ivh) provide the Fund with personnel to perform such executive, administrative and clerical Other services as may be reasonably requested by the Trustees or officers of the Fund; (v) provide facilitiesdetailed as an appendix to this Agreement. In performing all services under this Agreement, equipment and personnel to serve the needs of investors, including communications systems and personnel to handle Shareholder inquiries; (vi) develop and monitor investor programs for credit unions; (vii) provide assistance in connection with the processing of Share purchase and redemption orders as reasonably requested by the Transfer Agent or the Trustees or officers of the Fund; (viii) inform the Adviser in connection with the portfolio management of the Fund as to anticipated purchases and redemptions by Shareholders and new investors; (ix) provide information and assistance as requested by the Administration/Accounting Agent in connection with the registration of the Fund’s Shares in accordance with state securities requirements; (x) make available and distribute to Shareholders information prepared by the Fund as requested by the Trustees or officers of the Fund; (xi) handle Shareholder problems and calls relating to administrative matters; (xii) provide advice and assistance concerning the regulatory requirements applicable to credit unions that invest in the Fund; (xiii) provide assistance in connection with the preparation of the Fund’s periodic financial statements and annual audit as reasonably requested by the Trustees or officers of the Fund or the Fund’s independent accountants; (xiv) furnish stationery and office supplies; and (xv) generally assist in the Fund’s operations. (b) In addition, the Administrator shall be responsible generally for providing such office space and equipment and telephone facilities and personnel as may be necessary or desirable for performance of all of its services hereunder. (c) The Administrator, in the performance of its duties hereunder, Investors Bank shall act in conformity with Fund's Articles and By-Laws and the Trust 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, Investors 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. The Bank acknowledges that all of the accounts, records and documents maintained by the Bank pursuant to this Agreement, By-Laws, Prospectus, Additional Statement and Registration Statement and with the instructions and directions on behalf of the Trustees and officers Company, are the property of the Fund, and will use its best efforts to comply with and conform to the requirements of the 1940 Act and all other applicable federal and state laws, regulations and rulingsCompany. (d) The Administrator shall render to the Fund and the Adviser such periodic and special reports as either of them may reasonably request. (e) The services of the Administrator hereunder are not deemed exclusive and the Administrator shall be free to render similar services to others so long as its services under this Agreement are not impaired thereby.