Common use of Duties of the Manager Clause in Contracts

Duties of the Manager. A. Subject to the general supervision and control of the Trustees of the Trust and under the terms and conditions set forth in this Agreement, the Trust acknowledges and agrees that it is contemplated that Manager will, at its own expense, select and contract with one or more investment advisers ("Advisers") to manage the investment operations and composition of each and every Fund of the Trust and render investment advice for each Fund, including the purchase, retention, and disposition of the investments, securities and cash contained in each Fund, in accordance with each Fund's investment objectives, policies and restrictions as stated in the Trust's Agreement and Declaration of Trust, By-Laws, and such Fund's Prospectus, Statement of Additional Information ("SAI") and Compliance Manual, as is from time to time in effect; provided, that any contract with an Adviser (an "Advisory Agreement") shall be in compliance with and approved as required by the Investment Company Act or in accordance with exemptive relief granted by the Securities and Exchange Commission ("SEC") under the Investment Company Act.

Duties of the Manager. A. Subject to the general supervision and control of the Trustees of the Trust and under the terms and conditions set forth in this Agreement, the Trust acknowledges and agrees that it is contemplated that Manager will, at its own expense, select and contract with one or more investment advisers ("“Advisers"”) to manage the investment operations and composition of each and every Fund Portfolio of the Trust and render investment advice for each FundPortfolio, including the purchase, retention, and disposition of the investments, securities and cash contained in each FundPortfolio, in accordance with each Fund's Portfolio’s investment objectives, policies and restrictions as stated in the Trust's ’s Amended and Restated Agreement and Declaration of Trust, By-Laws, and such Fund's Prospectus, Portfolio’s Prospectus and Statement of Additional Information ("“SAI") and Compliance Manual”), as is from time to time in effect; provided, that any contract with an Adviser (an "“Advisory Agreement"”) shall be in compliance with and approved as required by the Investment Company Act or in accordance with exemptive relief granted by the Securities and Exchange Commission ("“SEC"”) under the Investment Company Act.

Duties of the Manager. A. Subject to the general supervision and control of the Trustees of the Trust and under the terms and conditions set forth in this Agreement, the Trust acknowledges and agrees that it is contemplated that Manager will, at its own expense, select and contract with one or more investment advisers ("Advisers") to manage the investment operations and composition of each and every Fund Portfolio of the Trust and render investment advice for each FundPortfolio, including the purchase, retention, and disposition of the investments, securities and cash contained in each FundPortfolio, in accordance with each FundPortfolio's investment objectives, policies and restrictions as stated in the Trust's Amended and Restated Agreement and Declaration of Trust, By-Laws, and such FundPortfolio's Prospectus, Prospectus and Statement of Additional Information ("SAI") and Compliance Manual), as is from time to time in effect; provided, that any contract with an Adviser (an "Advisory Agreement") shall be in compliance with and approved as required by the Investment Company Act or in accordance with exemptive relief granted by the Securities and Exchange Commission ("SEC") under the Investment Company Act.

Duties of the Manager. A. Subject to the general supervision and control of the Trustees of the Trust and under the terms and conditions set forth in this Agreement, the Trust acknowledges and agrees that it is contemplated that Manager will, at its own expense, select and contract with one or more investment advisers ("Advisers") to manage the investment operations and composition of each and every Fund Portfolio of the Trust and render investment advice for each FundPortfolio, including the purchase, retention, and disposition of the investments, securities and cash contained in each FundPortfolio, in accordance with each FundPortfolio's investment objectives, policies and restrictions as stated in the Trust's Agreement and Declaration of Trust, By-Laws, and such FundPortfolio's Prospectus, Statement of Additional Information ("SAI") and Compliance Manual, as is from time to time in effect; provided, that any contract with an Adviser (an "Advisory Agreement") shall be in compliance with and approved as required by the Investment Company Act or in accordance with exemptive relief granted by the Securities and Exchange Commission ("SEC") under the Investment Company Act.

Duties of the Manager. A. Subject to the general supervision and control of the Trustees of the Trust and under the terms and conditions set forth in this Agreement, the Trust acknowledges and agrees that it is contemplated that Manager will, at its own expense, select and contract with one or more investment advisers ("“Advisers"”) to manage the investment operations and composition of each and every Fund Portfolio of the Trust and render investment advice for each FundPortfolio, including the purchase, retention, and disposition of the investments, securities and cash contained in each FundPortfolio, in accordance with each Fund's Portfolio’s investment objectives, policies and restrictions as stated in the Trust's ’s Agreement and Declaration of Trust, By-Laws, and such Fund's Portfolio’s Prospectus, Statement of Additional Information ("“SAI"”) and Compliance Manual, as is from time to time in effect; provided, that any contract with an Adviser (an "“Advisory Agreement"”) shall be in compliance with and approved as required by the Investment Company Act or in accordance with exemptive relief granted by the Securities and Exchange Commission ("“SEC"”) under the Investment Company Act.