Common use of ENGAGEMENT OF THE ADVISER Clause in Contracts

ENGAGEMENT OF THE ADVISER. The Adviser shall manage the investment and reinvestment of the assets of Contrarian. The Adviser shall determine which investments shall be made or disposed of by Contrarian and shall effect such acquisitions and dispositions, all in furtherance of Contrarian's investment objective and policies, subject to the overall control and supervision of the Fund's board of trustees, for the period and on the terms set forth in this Agreement. The Adviser is authorized to place Contrarian's portfolio transactions with securities broker-dealers and futures commission merchants and to negotiate the terms of such transactions, including brokerage commissions, on behalf of Contrarian. The Adviser is authorized to exercise discretion within the Fund's policy concerning allocation of its brokerage business, as permitted by law, including but not limited to Section 28(e) of the Securities Exchange Act of 1934. The Adviser shall report on such activities to the Fund's board of trustees and shall submit such reports and other information thereon as the Fund's board of trustees shall from time to time request. The Adviser shall provide certain other services to the Fund in connection with the Fund's ongoing administration and operation.

ENGAGEMENT OF THE ADVISER. The Adviser shall manage the investment and reinvestment of the assets of Contrarianthe Portfolio. The Adviser shall determine which investments shall be made or disposed of by Contrarian the Portfolio and shall effect such acquisitions and dispositions, all in furtherance of Contrarianthe Portfolio's investment objective and policies, subject to the overall control and supervision of the Fund's board of trustees, for the period and on the terms set forth in this Agreement. The Adviser is authorized to place Contrarianthe Portfolio's portfolio transactions with securities broker-dealers and futures commission merchants and to negotiate the terms of such transactions, including brokerage commissions, on behalf of Contrarianthe Portfolio. The Adviser is authorized to exercise discretion within the Fund's policy concerning allocation of its brokerage business, as permitted by law, including but not limited to Section 28(e) of the Securities Exchange Act of 1934. The Adviser shall report on such activities to the Fund's board of trustees and shall submit such reports and other information thereon as the Fund's board of trustees shall from time to time request. The Adviser shall provide certain other services to the Fund in connection with the Fund's ongoing administration and operation.

ENGAGEMENT OF THE ADVISER. The Adviser shall manage the investment and reinvestment of the assets of ContrarianContrarian Equities. The Adviser shall determine which investments shall be made or disposed of by Contrarian Equities and shall effect such acquisitions and dispositions, all in furtherance of Contrarian's Contrarian Equities' investment objective and policies, subject to the overall control and supervision of the Fund's board of trustees, for the period and on the terms set forth in this Agreement. The Adviser is authorized to place Contrarian's Contrarian Equities' portfolio transactions with securities broker-dealers and futures commission merchants and to negotiate the terms of such transactions, including brokerage commissions, on behalf of ContrarianContrarian Equities. The Adviser is authorized to exercise discretion within the Fund's policy concerning allocation of its brokerage business, as permitted by law, including but not limited to Section 28(e) of the Securities Exchange Act of 1934. The Adviser shall report on such activities to the Fund's board of trustees and shall submit such reports and other information thereon as the Fund's board of trustees shall from time to time request. The Adviser shall provide certain other services to the Fund in connection with the Fund's ongoing administration and operation.