Common use of Duties of the Investment Adviser Clause in Contracts

Duties of the Investment Adviser. (a) Subject to the supervision of the Board, the Adviser will provide a continuous investment program for each Fund, including investment research and management with respect to all securities, investments and cash equivalents in each Fund. The Adviser will determine from time to time what securities and other investments will be purchased, retained or sold by each Fund. To carry out such decisions, the Adviser hereby is authorized, as agent and attorney-in-fact for the Trust, for the account of, at the risk of and in the name of the Trust, to place orders and issue instructions with respect to those transactions of the Funds. The Adviser will exercise full discretion and act for each Fund in the same manner and with the same force and effect as such Fund itself might or could do with respect to purchases, sales, or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or other transactions.

Duties of the Investment Adviser. (a) a. Subject to the supervision of the Board, the Adviser will provide a continuous investment program for each fro the Fund, including investment research and management with respect to all securities, investments and cash equivalents in each the Fund. The Adviser will determine from time to time what securities and other investments will be purchased, retained or sold by each the Fund. To carry out such decisions, the Adviser hereby is authorized, as agent and attorney-in-fact for the TrustFund, for the account of, at the risk of and in the name of the TrustFund, to place orders and issue instructions with respect to those transactions of the FundsFund. The Adviser will exercise full discretion and act for each the Fund in the same manner and with the same force and effect as such Fund itself might or could do with respect to purchases, sales, or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or other transactionstransaction.