Duties of Trading Advisor Sample Clauses

Duties of Trading Advisor to its investors, as described in the information concerning the Trading Advisor furnished by it in writing to the Trust, as such strategy may be refined and modified from time to time in the future in accordance herewith, for the period and on the terms and conditions set forth herein and in accordance with the Trust's trading policies as notified to the Trading Advisor in writing by the Trust from time to time (the "Trading Policies"). Notwithstanding the foregoing, the Trust may override the trading instructions of the Trading Advisor to the extent that Kenmar deems advisable for the protection of the Trust or as required by law. Kenmar shall have the right: (i) to, subject to Section 3(a), increase or decrease (including decrease to $0) the Allocated Assets as Kenmar and/or the Trust deems appropriate (in which case the Trading Advisor shall modify accordingly its positions commensurate with its risk/money management parameters); and/or (ii) to instruct the Trading Advisor to liquidate all or a portion of the Trust's positions by a date certain (including immediately) as Kenmar and/or the Trust deems appropriate; provided, that the Trading Advisor, after consultation with Kenmar, shall have the right to have instructions pursuant to clause (ii) effected as a reduction (withdrawal) of Allocated Assets. Subject to the Trading Advisor's liability for negligence, misconduct or breach of this Agreement, the Trading Advisor will have no liability merely by reason of Kenmar's intervention pursuant to this Section 2(a). In the event that the Trust's Trading Policies are changed, any open positions at the time of such change shall not be deemed to violate the revised Trading Policies and shall be closed out by the Trading Advisor in the ordinary course of trading. The Trading Advisor, in its discretion, may alter the trading approach used by the Trading Advisor in managing the Allocated Assets; provided that the Trading Advisor determines that such alteration is in the best interest of the Trust and not inconsistent with the Trading Policies; and provided further that the Trading Advisor gives the Trust twenty (20) calendar days' prior written notice of any alteration which the Trading Advisor considers to be material. The Trust may instruct the Trading Advisor not to make any material alteration in the trading strategy used for the Allocated Assets, in which case the Trading Advisor may terminate this Agreement pursuant to Section 7(b)(iii) hereof. limited to ...
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Related to Duties of Trading Advisor

  • DUTIES OF THE CUSTODIAN WITH RESPECT TO PROPERTY OF THE FUND HELD BY THE CUSTODIAN IN THE UNITED STATES

  • DUTIES OF THE CUSTODIAN WITH RESPECT TO PROPERTY OF ANY SERIES HELD OUTSIDE OF THE UNITED STATES

  • Duties of Sub Adviser The Sub-Adviser is hereby employed and authorized to conduct a continual program of investment, evaluation and, if appropriate, sale and reinvestment of the assets in each Fund. In connection therewith, the Sub-Adviser will (a) make investment decisions for the Fund; (b) place purchase and sale orders for portfolio transactions in the Fund; (c) employ professional portfolio managers and securities analysts to provide research services relating to the Fund; (d) employ qualified personnel to assist in the supervision of the Fund’s investment program and to monitor the level of risk incurred by the Fund in connection with its investment program; (e) provide input requested by the Adviser with respect to the possible forms and levels of leverage employed by the Fund, and help monitor the Fund’s compliance with leverage limits imposed under the 1940 Act; (f) provide assistance in connection with determining dividend and distribution levels for the Fund and preparing and reviewing dividend and distribution notices to shareholders; and (g) discuss with the Adviser, and take into account, tax issues arising in connection with management of the Fund’s portfolio. Subject to the supervision of each Fund’s Board of Directors (the “Board”) and the Adviser, the Sub-Adviser will manage the assets in each Fund in accordance with (a) the Fund’s investment objective(s), policies and restrictions, to the extent the Sub-Adviser has been notified of such objectives, policies and restrictions, (b) the Charter Documents (as such term is defined below) of the Fund, to the extent that they have been provided to the Sub-Adviser, and (c) applicable laws and regulations. The Adviser has furnished to the Sub-Adviser each Fund’s compliance procedures pursuant to Rules 10f-3, 17a-7, and 17e-1 under the 1940 Act (collectively, the “Compliance Procedures”), the Articles of Incorporation or Declaration of Trust and Bylaws of each Fund, each as amended to date (the “Charter Documents”), and each Fund’s investment objective(s), policies and restrictions. The Adviser agrees, on an ongoing basis, to provide to the Sub-Adviser, as promptly as practicable, copies of all amendments and supplements to the Compliance Procedures, all amendments to the Charter Documents and all revisions to a Fund’s investment objective(s), policies and restrictions.

  • Administrative Duties of the Custodian The Custodian shall perform the following administrative duties with respect to Investments of the Fund.

  • Duties of Sub Advisor In carrying out its obligations under Section 1 hereof, the Sub-Advisor shall:

  • Duties of the Sub Advisor The Sub-Advisor will provide the following services and undertake the following duties:

  • Responsibilities of Sub-Adviser In carrying out its obligations under this Agreement, the Sub-Adviser agrees that it will:

  • Duties of the Investment Manager The Fund hereby employs the Investment Manager to act as the investment adviser to and investment manager of the MetLife Mid Cap Stock Index Portfolio (the "Portfolio") and to manage the investment and reinvestment of the assets of the Portfolio and to administer its affairs, subject to the supervision of the Board of Directors of the Fund, for the period and on the terms and conditions set forth in this Agreement. The Investment Manager hereby accepts such employment and agrees during such period, at its own expense, to render the services and to assume the obligations herein set forth for the compensation provided for herein. The Investment Manager shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund other than in furtherance of its duties and responsibilities as set forth in this Agreement.

  • Duties of the Owner Trustee (a) Subject to Article IV and in accordance with the terms of the Basic Documents, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Issuer. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Article IV. The Owner Trustee accepts the trusts xxxxxx created and agrees to perform its duties hereunder with respect to such trusts but only upon the terms of this Agreement. The Owner Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Owner Trustee that shall be specifically required to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they conform on their face to the requirements of this Agreement.

  • Duties of the Sub-Adviser Subject to supervision by the Adviser and the Trust’s Board of Trustees, the Sub-Adviser shall manage all of the securities and other assets of each Fund entrusted to it hereunder (the “Assets”), including the purchase, retention and disposition of the Assets, in accordance with the Fund’s investment objectives, policies and restrictions as stated in each Fund’s prospectus and statement of additional information, as currently in effect and as amended or supplemented from time to time (referred to collectively as the “Prospectus”), and subject to the following:

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