Investment Activities and Powers. The Administrator shall perform the following services:
(a) advise the Board on any material changes in investment strategies based upon current market conditions;
(b) enter into securities transactions with respect to the Investment Property (to the extent permitted by the investment criteria established by the Board as set forth in the Investment Policy and all applicable law) by entering into agreements and executing other documents relating to such transactions containing provisions common for such agreements and documents in the securities industry;
(c) from time-to-time, review the Permitted Investments and the investment criteria set forth in the Investment Policy and, if circumstances and applicable law permit, recommend changes in such Permitted Investments and such investment criteria;
(d) provide such advice and information to the Board on matters related to investments as the Board may reasonably request including, without limitation, research and statistical data concerning the Investment Property, whether and in what manner all rights conferred by the Investment Property may be exercised, and other matters within the scope of the investment criteria set forth in the Investment Policy;
(e) prepare such information and material as may be required in the implementation of the Valuation Procedures or the computation of the Balances and the preparation of any and all records and reports required by this Interlocal Agreement or applicable laws;
(f) issue instructions to the Custodian as provided in this Interlocal Agreement; and
(g) employ, consult with, obtain advice from, and exercise any of the Administrator's rights or powers under this Interlocal Agreement through the use of suitable agents including auditors, legal counsel (who may be counsel to the Administrator and/or the Board), investment advisers, brokers, dealers, and/or other advisers. Notwithstanding Section 11.8 hereof, the Administrator may transmit information concerning the Investment Property and the Participants to such agents.
Investment Activities and Powers. In addition to its obligations under the Program Administrator Agreement, the Program Administrator shall perform the following services:
(a) from time to time, review the permitted investments and the investment criteria set forth in the Information Statement and, if circumstances and applicable law permit, recommend changes in such permitted investments and such investment criteria; and
(b) advise whether and in what manner all rights conferred by the Investment Property may be exercised;
