Common use of General Powers and Duties Clause in Contracts

General Powers and Duties. So long as the Sub-Advisor's appointment under Section 1 hereof remains in effect, the Sub-Advisor shall, subject to the provisions of Section 4.2 hereof, have complete discretion and authority in the investment and reinvestment of the Investment Assets and shall determine what securities or other property shall be acquired, held, or disposed of and, subject to the provisions of Section 4.4 hereof, what portion of the Investment Assets shall be held uninvested. The Sub-Advisor's investment and reinvestment authority shall include, without limitation, authority to purchase, sell, exchange, convert, trade, and generally to deal in the Investment Assets. The Sub-Advisor shall have authority to direct the Custodian with respect to the investment and management of the Investment Assets. The Sub-Advisor's authority shall include the exercise of all voting rights pertaining to the Investment Assets. However, the Sub-Advisor shall have no obligation to exercise any particular voting rights unless the Custodian or the Advisor shall have furnished the pertinent proxies to the Sub-Advisor a reasonable time prior to the deadline before which such proxies are required to be submitted. The Sub-Advisor has the duty to maintain accurate records as to any vote or action taken with respect to any stock or other securities which are part of the Investment Assets and to take such further action as may be necessary for the Fund to participate fully in any transaction undertaken by issuers of Investment Assets.

General Powers and Duties. So long as the Sub-AdvisorInvestment Sub- Adviser's appointment under Section 1 hereof remains in effect, the Investment Sub-Advisor Adviser shall, subject to the provisions of Section 4.2 hereof, have complete discretion and authority in the investment and reinvestment of the Investment Assets and shall determine what securities or other property shall be acquired, held, or disposed of and, subject to the provisions of Section 4.4 hereof, what portion of the Investment Assets shall be held uninvested. The Investment Sub-AdvisorAdviser's investment and reinvestment authority shall include, without limitation, authority to purchase, sell, exchange, convert, trade, and generally to deal in the Investment Assets. The Investment Sub-Advisor Adviser shall have authority to direct the Custodian with respect to the investment and management of the Investment Assets. The Investment Sub-AdvisorAdviser's authority shall include the exercise of all voting rights pertaining to the Investment Assets. However, the Investment Sub-Advisor Adviser shall have no obligation to exercise any particular voting rights unless the Custodian or the Advisor Client shall have furnished the pertinent proxies to the Investment Sub-Advisor Adviser a reasonable time prior to the deadline before which such proxies are required to be submitted. The Investment Sub-Advisor Adviser has the duty to maintain accurate records as to any vote or action taken with respect to any stock or other securities which are part of the Investment Assets and to take such further action as may be necessary for the Fund to participate fully in any transaction undertaken by issuers of Investment Assets.

General Powers and Duties. So long as the Investment Sub-AdvisorAdviser's appointment under Section 1 hereof remains in effect, the Investment Sub-Advisor Adviser shall, subject to the provisions of Section 4.2 hereof, have complete discretion and authority in the investment and reinvestment of the Investment Assets and shall determine what securities or other property shall be acquired, held, or disposed of and, subject to the provisions of Section 4.4 hereof, what portion of the Investment Assets shall be held uninvested. The Investment Sub-AdvisorAdviser's investment and reinvestment authority shall include, without limitation, authority to purchase, sell, exchange, convert, trade, and generally to deal in the Investment Assets. The Investment Sub-Advisor Adviser shall have authority to direct the Custodian with respect to the investment and management of the Investment Assets. The Investment Sub-AdvisorAdviser's authority shall include the exercise of all voting rights pertaining to the Investment Assets. However, the Investment Sub-Advisor Adviser shall have no obligation to exercise any particular voting rights unless the Custodian or the Advisor Client shall have furnished the pertinent proxies to the Investment Sub-Advisor Adviser a reasonable time prior to the deadline before which such proxies are required to be submitted. The Investment Sub-Advisor Adviser has the duty to maintain accurate records as to any vote or action taken with respect to any stock or other securities which are part of the Investment Assets and to take such further action as may be necessary for the Fund to participate fully in any transaction undertaken by issuers of Investment Assets.

General Powers and Duties. So long as the Sub-Advisor's ’s appointment under Section 1 hereof remains in effect, the Sub-Advisor shall, subject to the provisions of Section 4.2 hereof, have complete discretion and authority in the investment and reinvestment of the Investment Assets and shall determine what securities or other property shall be acquired, held, or disposed of and, subject to the provisions of Section 4.4 hereof, what portion of the Investment Assets shall be held uninvested. The Sub-Advisor's ’s investment and reinvestment authority shall include, without limitation, authority to purchase, sell, exchange, convert, trade, and generally to deal in the Investment Assets. The Sub-Advisor shall have authority to direct the Custodian with respect to the investment and management of the Investment Assets. The Sub-Advisor's ’s authority shall include the exercise of all voting rights pertaining to the Investment Assets. However, the Sub-Advisor shall have no obligation to exercise any particular voting rights unless the Custodian or the Advisor shall have furnished the pertinent proxies to the Sub-Advisor a reasonable time prior to the deadline before which such proxies are required to be submitted. The Sub-Advisor has the duty to maintain accurate records as to any vote or action taken with respect to any stock or other securities which are part of the Investment Assets and to take such further action as may be necessary for the Fund to participate fully in any transaction undertaken by issuers of Investment Assets.