Common use of Initial Series Clause in Contracts

Initial Series. The Trust hereby appoints the Adviser to act as adviser and investment manager to the Initial Series for the period and on the terms herein set forth. The Adviser accepts such appointment and agrees to render the services herein set forth, for the compensation herein provided.

Initial Series. The Trust hereby appoints the Adviser Manager to act as adviser and investment manager to each of the Initial Series for the period and on the terms herein set forth. The Adviser Manager accepts such appointment and agrees to render the services herein set forth, for the compensation herein provided.