Common use of Duties of the Investment Manager Clause in Contracts

Duties of the Investment Manager. In carrying out its obligation under paragraph 1 hereof, the Manager shall: (a) supervise and manage all aspects of the Fund's operations; (b) provide the Fund with such executive, administrative and clerical services as are deemed advisable by the Trust's Board of Trustees; (c) arrange, but not pay for, the periodic updating and filing of prospectuses and supplements thereto, proxy material, tax returns, reports to the Fund's shareholders and reports to and filings with the Securities and Exchange Commission and state Blue Sky authorities; (d) provide the Fund with, or obtain for it, adequate office space and all necessary office equipment and service, including telephone service, heat, utilities, stationery supplies and similar items for the Fund's principal office; (e) provide the Board of Trustees of the Trust on a regular basis with financial reports and analyses on the Fund's operations and the operations of comparable investment companies; (f) obtain and evaluate pertinent information about significant developments and economic, statistical and financial data, domestic, foreign and otherwise, whether affecting the economy generally or the portfolio of the Fund, and whether concerning the individual issuers whose securities are included in the Fund's portfolio or the activities in which they engage, or with respect to securities which the Manager considers desirable for inclusion in the Fund's portfolio; (g) determine what issuers and securities shall be represented in the Fund's portfolio and regularly report them to the Trust's Board of Trustees; (h) formulate and implement continuing programs for the purchases and sales of the securities of such issuers and regularly report thereon to the Trust's Board of Trustees; and (i) take, on behalf of the Fund, all actions which appear necessary to carry into effect such purchase and sale programs and supervisory functions as aforesaid, including the placing of orders for the purchase and sale of portfolio securities, it being understood that the Fund shall reimburse the Manager for the costs of such actions upon proper accounting.

Duties of the Investment Manager. In carrying out its obligation under paragraph 1 hereof, the Manager shall: (a) supervise and manage all aspects of the Fund's operations; (b) provide the Fund with such executive, administrative and clerical services as are deemed advisable by the TrustFund's Board of TrusteesDirectors; (c) arrange, but not pay for, the periodic updating and filing of prospectuses and supplements thereto, proxy material, tax returns, reports to the Fund's shareholders and reports to and filings with the Securities and Exchange Commission and state Blue Sky authorities; (d) provide the Fund with, or obtain for it, adequate office space and all necessary office equipment and service, including telephone service, heat, utilities, stationery supplies and similar items for the Fund's principal office; (e) provide the Board of Trustees Directors of the Trust Fund on a regular basis with financial reports and analyses on the Fund's operations and the operations of comparable investment companies; (f) obtain and evaluate pertinent information about significant developments and economic, statistical and financial data, domestic, foreign and otherwise, whether affecting the economy generally or the portfolio of the Fund, and whether concerning the individual issuers whose securities are included in the Fund's portfolio or the activities in which they engage, or with respect to securities which the Manager considers desirable for inclusion in the Fund's portfolio; (g) determine what issuers and securities shall be represented in the Fund's portfolio and regularly report them to the TrustFund's Board of TrusteesDirectors; (h) formulate and implement continuing programs for the purchases and sales of the securities of such issuers and regularly report thereon to the TrustFund's Board of TrusteesDirectors; and (i) take, on behalf of the Fund, all actions which appear necessary to carry into effect such purchase and sale programs and supervisory functions as aforesaid, including the placing of orders for the purchase and sale of portfolio securities, it being understood that the Fund shall reimburse the Manager for the costs of such actions upon proper accounting.

Duties of the Investment Manager. In carrying out its obligation under paragraph 1 hereof, the Manager shall: (a) supervise and manage all aspects of the FundCompany's operations; (b) provide the Fund Company with such executive, administrative and clerical services as are deemed advisable by the TrustCompany's Board of TrusteesDirectors; (c) arrange, but not pay for, the periodic updating and filing of prospectuses and supplements thereto, proxy material, tax returns, reports to the FundCompany's shareholders and reports to and filings with the Securities and Exchange Commission and state Blue Sky authorities; (d) provide the Fund Company with, or obtain for it, adequate office space and all necessary office equipment and service, including telephone service, heat, utilities, stationery supplies and similar items for the FundCompany's principal office; (e) provide the Board of Trustees Directors of the Trust Company on a regular basis with financial reports and analyses on the FundCompany's operations and the operations of comparable investment companies; (f) obtain and evaluate pertinent information about significant developments and economic, statistical and financial data, domestic, foreign and otherwise, whether affecting the economy generally or the portfolio of the FundCompany, and whether concerning the individual issuers whose securities are included in the FundCompany's portfolio or the activities in which they engage, or with respect to securities which the Manager considers desirable for inclusion in the FundCompany's portfolio; (g) determine what issuers and securities shall be represented in the FundCompany's portfolio and regularly report them to the TrustCompany's Board of TrusteesDirectors; (h) formulate and implement continuing programs for the purchases and sales of the securities of such issuers and regularly report thereon to the TrustCompany's Board of TrusteesDirectors; and (iI) take, on behalf of the FundCompany, all actions which appear necessary to carry into effect such purchase and sale programs and supervisory functions as aforesaid, including the placing of orders for the purchase and sale of portfolio securities, it being understood that the Fund Company shall reimburse the Manager for the costs of such actions upon proper accounting.