Common use of Enumeration; Qualification Clause in Contracts

Enumeration; Qualification. The officers of the Trust shall be a President, a Treasurer, a Secretary, a Chief Compliance Officer and such other officers, including Vice Presidents, if any, as the Trustees from time to time may in their discretion elect. The Trust may also have such agents as the Trustees from time to time may in their discretion appoint. An officer may be but none need be a shareholder. An officer, except for the Chief Compliance Officer, may be but none need be a Trustee. Any two or more offices may be held by the same person. The Trustees shall also appoint a Chairperson of the Trustees. The Chairperson of the Trustees shall be a Trustee who is not an “interested person” of the Trust (an “Independent Trustee”) within the meaning of Section 2(a)(19) of the 1940 Act, and shall not be deemed to be an officer of the Trust by reason of such appointment as Chairperson of the Trustees. Additionally, the Trustees may, in their sole discretion, appoint one or more other Independent Trustees to serve as a Vice-Chairperson of the Trustees and, in such capacity, to perform any or all duties of the Chairperson of the Trustees as may be delegated thereto from time to time by the Chairperson of the Trustees.

Enumeration; Qualification. The Trustees may, but are not required to, elect or appoint officers of the Trust. The officers of the Trust Trust, if officers are elected or appointed, shall be a President, a Treasurer, a Secretary, a Chief Compliance Officer Officer, an Anti-Money Laundering Compliance Officer, Vice Presidents, and such other officersAssistant Treasurers, including Assistant Secretaries and Assistant Vice Presidents, if any, as the Trustees from time to time may in their discretion electdiscre-tion elect or as appointed from time to time pursuant to authority delegated by the Trustees. The Trust may also have such agents as the Trustees from time to time may in their discretion appoint. An The Trustees may elect or appoint, from time to time, a Trustee to act as Chairman of the Trustees who shall preside at all meetings of the Trustees and carry out such other duties as the Trustees shall designate. The position of Chairman of the Trustees shall not be an office of the Trust. However, an officer of the Trust may serve as Chairman of the Trustees provided that the Trust does not rely on any rules under the Investment Company Act of 1940 (the “1940 Act”) which require such Chairman to be a Trustee who is not an "interested person" of the Trust as defined in the 1940 Act. The Chairman of the Trustees shall be a Trustee and may but need not be a shareholder; and any other officer may be but none need be a Trustee or shareholder. An officer, except for the Chief Compliance Officer, may be but none need be a Trustee. Any two or more offices may be held by the same person. The Trustees shall also appoint a Chairperson of the Trustees. The Chairperson of the Trustees shall be a Trustee who is not an “interested person” of the Trust (an “Independent Trustee”) within the meaning of Section 2(a)(19) of the 1940 Act, and shall not be deemed to be an officer of the Trust by reason of such appointment as Chairperson of the Trustees. Additionally, the Trustees may, in their sole discretion, appoint one or more other Independent Trustees to serve as a Vice-Chairperson of the Trustees and, in such capacity, to perform any or all duties of the Chairperson of the Trustees as may be delegated thereto from time to time by the Chairperson of the Trustees.

Enumeration; Qualification. The Trustees may, but are not required to, elect or appoint officers of the Trust. The officers of the Trust Trust, if officers are elected or appointed, shall be a President, a Treasurer, a Secretary, a Chief Compliance Officer Officer, an Anti-Money Laundering Compliance Officer, Vice Presidents, and such other officersAssistant Treasurers, including Assistant Secretaries and Assistant Vice Presidents, if any, as the Trustees from time to time may in their discretion electelect or as appointed from time to time pursuant to authority delegated by the Trustees. The Trust may also have such agents as the Trustees from time to time may in their discretion appoint. An The Trustees may elect or appoint, from time to time, a Trustee to act as Chairman of the Trustees who shall preside at all meetings of the Trustees and carry out such other duties as the Trustees shall designate. The position of Chairman of the Trustees shall not be an office of the Trust. However, an officer of the Trust may serve as Chairman of the Trustees provided that the Trust does not rely on any rules under the Investment Company Act of 1940 (the "1940 Act") which require such Chairman to be a Trustee who is not an "interested person" of the Trust as defined in the 1940 Act. The Chairman of the Trustees shall be a Trustee and may but need not be a shareholder; and any other officer may be but none need be a Trustee or shareholder. An officer, except for the Chief Compliance Officer, may be but none need be a Trustee. Any two or more offices may be held by the same person. The Trustees shall also appoint a Chairperson of the Trustees. The Chairperson of the Trustees shall be a Trustee who is not an “interested person” of the Trust (an “Independent Trustee”) within the meaning of Section 2(a)(19) of the 1940 Act, and shall not be deemed to be an officer of the Trust by reason of such appointment as Chairperson of the Trustees. Additionally, the Trustees may, in their sole discretion, appoint one or more other Independent Trustees to serve as a Vice-Chairperson of the Trustees and, in such capacity, to perform any or all duties of the Chairperson of the Trustees as may be delegated thereto from time to time by the Chairperson of the Trustees.