Duties of Investment Adviser. The Investment Adviser agrees to perform the following services (the "Services") for the Fund: (a) manage the investment and reinvestment of the Fund's assets; (b) continuously review, supervise, and administer the investment program of the Fund; (c) determine, in its discretion, the securities to be purchased, retained or sold (and implement those decisions); (d) provide the Fund with records concerning the Investment Adviser's activities which the Fund is required to maintain; (e) render regular reports to the Fund's officers and Directors concerning the Investment Adviser's discharge of the foregoing responsibilities; The Investment Adviser shall discharge the foregoing responsibilities subject to the control of the officers and the Directors of the Fund and in compliance with such policies as the Directors may from time to time establish, and in compliance with the objectives, policies, and limitations of the Fund set forth in the Fund's prospectus, as amended from time to time, and with all applicable laws and regulations. All Services to be furnished by the Investment Adviser under this Agreement may be furnished through the medium of any directors, officers or employees of the Investment Adviser or through such other parties as the Investment Adviser may determine from time to time. The Investment Adviser agrees, at its own expense or at the expense of one or more of its affiliates, to render the Services and to provide the office space, furnishings and equipment and the personnel as may be reasonably required in the judgment of the Board of Directors of the Fund to perform the Services on the terms and for the compensation provided herein. The Investment Adviser shall authorize and permit any of its officers, directors and employees, who may be elected as directors or officers of the Fund, to serve in the capacities in which they are elected. Except to the extent expressly assumed by the Investment Adviser herein and except to the extent required by law to be paid by the Investment Adviser, the Fund shall pay all costs and expenses in connection with its operations and organization. Without limiting the generality of the foregoing, such costs and expenses include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Fund in connection with securities transactions to which the Fund is a party or with securities owned by the Fund; (b) the fees, charges and expenses of any independent public accountants, custodian and depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, and legal counsel for the Fund; (c) the interest on indebtedness, if any, incurred by the Fund; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Fund to Federal, State, County, City, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses; (f) the compensation and expenses of its directors; (g) the costs of printing and distributing reports, notices of stockholders' meetings, proxy statements, dividend notices, prospectuses and other communications to the Fund's stockholders, as well as all expenses of stockholders and Board of Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and Incorporation of the Fund including initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any State and the approval of the Fund's operations by any other Federal or State authority; (i) the expenses of repurchasing and, if applicable, redeeming shares of the Fund; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing shares of the Fund; (l) the expenses, including fees and disbursements of counsel, in connection with litigation by or against the Fund; and (m) premiums for the fidelity bond maintained by the Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder.
Appears in 1 contract
Samples: Investment Advisory Agreement (Diamond Hill Financial Trends Fund, Inc)
Duties of Investment Adviser. The Investment Adviser agrees to perform the following services (the "Services") for the Fund:
(a) manage the investment and reinvestment of the Fund's assets;
(b) continuously review, supervise, and administer the investment program of the Fund;
(c) determine, in its discretion, the securities to be purchased, retained or sold (and implement those decisions);
; (d) provide the Fund with records concerning the Investment Adviser's activities which the Fund is required to maintain;
(e) render regular reports to the Fund's officers and Directors concerning the Investment Adviser's discharge of the foregoing responsibilities; The Investment Adviser shall discharge the foregoing responsibilities subject to the control of the officers and the Directors of the Fund and in compliance with such policies as the Directors may from time to time establish, and in compliance with the objectives, policies, and limitations of the Fund set forth in the Fund's prospectus, as amended from time to time, and with all applicable laws and regulations. All Services to be furnished by the Investment Adviser under this Agreement may be furnished through the medium of any directors, officers or employees of the Investment Adviser or through such other parties as the Investment Adviser may determine from time to time. The Investment Adviser agrees, at its own expense or at the expense of one or more of its affiliates, to render the Services and to provide the office space, furnishings and equipment and the personnel as may be reasonably required in the judgment of the Board of Directors of the Fund to perform the Services on the terms and for the compensation provided herein. The Investment Adviser shall authorize and permit any of its officers, directors and employees, who may be elected as directors or officers of the Fund, to serve in the capacities in which they are elected. Except to the extent expressly assumed by the Investment Adviser herein and except to the extent required by law to be paid by the Investment Adviser, the Fund shall pay all costs and expenses in connection with its operations and organization. Without limiting the generality of the foregoing, such costs and expenses include the following:
(a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Fund in connection with securities transactions to which the Fund is a party or with securities owned by the Fund;
(b) the fees, charges and expenses of any independent public accountants, custodian and depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, and legal counsel for the Fund;
(c) the interest on indebtedness, if any, incurred by the Fund;
(d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Fund to Federal, State, County, City, or other governmental agents;
(e) the fees and expenses involved in maintaining the registration and qualification of the Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses;
(f) the compensation and expenses of its directors;
(g) the costs of printing and distributing reports, notices of stockholders' meetings, proxy statements, dividend notices, prospectuses and other communications to the Fund's stockholders, as well as all expenses of stockholders and Board of Directors' meetings;
(h) all costs, fees or other expenses arising in connection with the organization and Incorporation of the Fund including initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any State and the approval of the Fund's operations by any other Federal or State authority;
(i) the expenses of repurchasing and, if applicable, redeeming shares of the Fund;
(j) insurance premiums;
(k) the costs of designing, printing, and issuing certificates representing shares of the Fund;
(l) the expenses, including fees and disbursements of counsel, in connection with litigation by or against the Fund; and
(m) premiums for the fidelity bond maintained by the Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder.
Appears in 1 contract
Samples: Investment Advisory Agreement (Diamond Hill Financial Trends Fund, Inc)
Duties of Investment Adviser. The Investment Adviser agrees to perform the following services (the "Services") for the Fund:;
(a) manage the investment and reinvestment of the Fund's assets;
(b) continuously review, supervise, and administer the investment program of the Fund;
(c) determine, in its discretion, the securities to be purchased, retained or sold (and implement those decisions);
(d) provide the Fund with records concerning the Investment Adviser's activities which the Fund is required to maintain;
(e) render regular reports to the Fund's officers and Directors concerning the Investment Adviser's discharge of the foregoing responsibilities; The Investment Adviser shall discharge the foregoing responsibilities subject to the control of the officers and the Directors of the Fund and in compliance with such policies as the Directors may from time to time establish, and in compliance with the objectives, policies, and limitations of the Fund set forth in the Fund's prospectus, as amended from time to time, and with all applicable laws and regulations. All Services to be furnished by the Investment Adviser under this Agreement may be furnished through the medium of any directors, officers or employees of the Investment Adviser or through such other parties as the Investment Adviser may determine from time to time. The Investment Adviser agrees, at its own expense or at the expense of one or more of its affiliates, to render the Services and to provide the office space, furnishings and equipment and the personnel as may be reasonably required in the judgment of the Board of Directors of the Fund to perform the Services on the terms and for the compensation provided herein. The Investment Adviser shall authorize and permit any of its officers, directors and employees, who may be elected as directors or officers of the Fund, to serve in the capacities in which they are elected. Except to the extent expressly assumed by the Investment Adviser herein and except to the extent required by law to be paid by the Investment Investmem Adviser, the Fund shall pay all costs and expenses in connection with its operations and organization. Without limiting the generality of the foregoing, such costs and expenses include the following:
(a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Fund in connection with securities transactions to which the Fund is a party or with securities owned by the Fund;
(b) the fees, charges and expenses of any independent public accountants, custodian and depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, and legal counsel for the Fund;
(c) the interest on indebtedness, if any, incurred by the Fund;
(d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Fund to Federal, State, County, City, or other governmental agents;
(e) the fees and expenses involved in maintaining the registration and qualification of the Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses;
(f) the compensation and expenses of its directors;
(g) the costs of printing and distributing reports, notices of stockholders' meetings, proxy statements, dividend notices, prospectuses and other communications to the Fund's stockholders, as well as all expenses of stockholders and Board of Directors' meetings;
(h) all costs, fees or other expenses arising in connection with the organization and Incorporation of the Fund including initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any State and the approval of the Fund's operations by any other Federal or State authority;
(i) the expenses of repurchasing and, if applicable, redeeming shares of the Fund;
(j) insurance premiums;
(k) the costs of designing, printing, and issuing certificates representing shares of the Fund;
(l1) the expenses, including fees and disbursements of counsel, in connection with litigation by or against the Fund; and
(m) premiums for the fidelity bond maintained by the Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder.
Appears in 1 contract
Samples: Interim Investment Advisory Agreement (Diamond Hill Financial Trends Fund, Inc)
Duties of Investment Adviser. The Investment Adviser agrees to perform the following services (the "Services") for the Fund:
(a) shall manage the investment and reinvestment of the Fund's assets;
(b) ; continuously review, supervise, and administer the investment program of the Fund;
(c) determine, ; determine in its discretion, discretion the securities to be purchased, retained retained, sold, pledged or sold loaned (and implement those decisions);
; determine in its discretion when, to what extent and under what terms the Fund shall engage in bank or other borrowing (d) and, together with the Fund's Administrator or such other parties s the Investment Adviser may select, implement those determinations); provide the Fund with records concerning the Investment Adviser's activities which the Fund is required to maintain;
(e) ; render regular reports to the Fund's officers and Directors concerning the Investment Adviser's discharge of the foregoing responsibilities; and supply the Fund's officers and Directors with all statistical information and reports reasonably required by them and reasonably available to the Investment Adviser. The Investment Adviser shall discharge the foregoing responsibilities subject to the control of the officers and the Directors of the Fund and in compliance with such policies as the Directors may from time to time establish, and in compliance with the objectives, policies, and limitations of the Fund set forth in the Fund's prospectus, as amended from time to time, and with all applicable laws and regulations. All Services to be furnished by the Investment Adviser under this Agreement may be furnished through the medium of any directors, officers or employees of the Investment Adviser or through such other parties as the Investment Adviser may determine from time to time. The Investment Adviser agrees, at its own expense or at the expense of one or more of its affiliatesexpense, to render the Services services described herein and to provide the office space, furnishings and equipment and the personnel as may be reasonably required in the judgment of the Board of Directors of the Fund by it to perform the Services those services on the terms and for the compensation provided herein; provided that expenses for necessary services of parties other than the Investment Adviser rendered in connection with the activities described above shall be borne by those parties, or by the Fund, as appropriate. The Investment Adviser shall authorize and permit any of its officers, directors partners and employees, who may be elected as directors officers or officers Directors of the Fund, to serve in the capacities in which they are elected. Except to the extent expressly assumed by the Investment Adviser herein and except to the extent required by law to be paid by the Investment Adviser, the Fund shall pay all costs and expenses in connection with its operations and organization. Without limiting the generality of the foregoing, such costs and expenses include the following:
(a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Fund in connection with securities transactions to which the Fund is a party or with securities owned by the Fund;
(b) the fees, charges and expenses of any independent public accountants, custodian and depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, and legal counsel for the Fund;
(c) the interest on indebtedness, if any, incurred by the Fund;
(d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Fund to Federal, State, County, City, or other governmental agents;
(e) the fees and expenses involved in maintaining the registration and qualification of the Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses;
(f) the compensation and expenses of its directors;
(g) the costs of printing and distributing reports, notices of stockholders' meetings, proxy statements, dividend notices, prospectuses and other communications to the Fund's stockholders, as well as all expenses of stockholders and Board of Directors' meetings;
(h) all costs, fees or other expenses arising in connection with the organization and Incorporation of the Fund including initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any State and the approval of the Fund's operations by any other Federal or State authority;
(i) the expenses of repurchasing and, if applicable, redeeming shares of the Fund;
(j) insurance premiums;
(k) the costs of designing, printing, and issuing certificates representing shares of the Fund;
(l) the expenses, including fees and disbursements of counsel, in connection with litigation by or against the Fund; and
(m) premiums for the fidelity bond maintained by the Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder.
Appears in 1 contract
Samples: Investment Advisory Agreement (High Yield Plus Fund Inc)