Common use of EMPLOYMENT OF THE ADMINISTRATOR Clause in Contracts

EMPLOYMENT OF THE ADMINISTRATOR. The Trust hereby employs the Administrator to administer its business and administrative operations, subject to the direction of the Board of Trustees and the officers of the Trust, for the period, in the manner, and on the terms hereinafter set forth. The Administrator hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth. The Administrator shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Trust in any way.

EMPLOYMENT OF THE ADMINISTRATOR. The Trust hereby employs engages the Administrator to administer its business provide administrative and administrative operations, subject to the direction of the Board of Trustees and the officers of the Trust, oversight services for the period, in the manner, and on the terms hereinafter set forth. The Administrator hereby accepts such employment engagement and agrees during such period to render the services and to assume the obligations herein set forth. The Administrator shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Trust or any of the Funds in any wayway or otherwise be deemed an agent of the Trust or any of the Funds.