Common use of Investment Analysis and Implementation Clause in Contracts

Investment Analysis and Implementation. In carrying out its obligations under paragraph 1 hereof, the Adviser shall: (a) obtain and evaluate pertinent information about significant developments and economic, statistical and financial data, domestic, foreign or otherwise, whether affecting the economy generally or the Funds specifically, and whether concerning the individual issuers whose securities are included in the Funds or the activities in which such issuers engage, or with respect to securities which the Adviser considers desirable for inclusion in the Funds; (b) invest and reinvest, on an ongoing basis, assets held in the Funds in strict accordance with the investment policies of the Funds as set forth in the registration statement of the Company with respect to the Funds, as the same may be amended from time to time; (c) in accordance with policies and procedures established by the Company's Board of Directors, select brokers and dealers to execute portfolio transactions for the Funds and select the markets on or in which the transactions will be executed; (d) vote, either in person or by general or limited proxy, or refrain from voting, any securities held in the Funds for any purposes; exercise or sell any subscription or conversion rights; consent to and join in or oppose any voting trusts, reorganizations, consolidations, mergers, foreclosures and liquidations and in connection therewith, deposit securities, and accept and hold other property received therefor; (e) determine on an ongoing basis the overall investment strategy with respect to the Funds, and ensure on an ongoing basis adherence to such strategy; (f) use the same skill and care in providing services to the Funds as it uses in providing services to fiduciary accounts for which it has investment responsibilities; (g) furnish the Company's Board of Directors with such periodic and special reports as the Board of Directors may request; and (h) take, on behalf of the Funds, all actions which appear necessary to carry into effect such purchase and sale programs and supervisory functions set forth in this Paragraph 2.

Investment Analysis and Implementation. In carrying out its obligations under paragraph 1 hereof, the Adviser shall: (a) obtain and evaluate pertinent information about significant developments and economic, statistical and financial data, domestic, foreign or otherwise, whether affecting the economy generally or the Funds specifically, and whether concerning the individual issuers whose securities are included in the Funds or the activities in which such issuers engage, or with respect to securities which the Adviser considers desirable for inclusion in the Funds; (b) invest and reinvest, on an ongoing basis, assets held in the Funds in strict accordance with the investment policies of the Funds as set forth in the registration statement of the Company Trust with respect to the Funds, as the same may be amended from time to time; (c) in accordance with policies and procedures established by the CompanyTrust's Board of DirectorsTrustees, select brokers and dealers to execute portfolio transactions for the Funds and select the markets on or in which the transactions will be executed; (d) vote, either in person or by general or limited proxy, or refrain from voting, any securities held in the Funds for any purposes; exercise or sell any subscription or conversion rights; consent to and join in or oppose any voting trusts, reorganizations, consolidations, mergers, foreclosures and liquidations and in connection therewith, deposit securities, and accept and hold other property received therefor; (e) determine on an ongoing basis the overall investment strategy with respect to the Funds, and ensure on an ongoing basis adherence to such strategy; (f) use the same skill and care in providing services to the Funds as it uses in providing services to fiduciary accounts for which it has investment responsibilities; (g) furnish the CompanyTrust's Board of Directors Trustees with such periodic and special reports as the Board of Directors Trustees may request; and (h) take, on behalf of the Funds, all actions which appear necessary to carry into effect such purchase and sale programs and supervisory functions set forth in this Paragraph 2.