Common use of Investment Discretionary Services Clause in Contracts

Investment Discretionary Services. To the extent that the Investment Adviser, with the prior authorization of the Fund's Board of Directors, delegates investment discretion in writing to the Investment Sub-adviser, the Investment Sub-adviser shall provide the Fund with such investment advice and supervision as the Fund may from time to time consider necessary for the proper supervision of those assets of the Fund for which the Investment Sub-adviser has been delegated investment discretion. The Investment Sub-adviser shall furnish continuously an investment program for such assets of the Fund and shall determine from time to time which securities shall be purchased, sold or exchanged and what portion of such assets of the Fund shall be held in the various securities in which the Fund invests, options, futures, options on futures or in cash, subject always to the restrictions of the Articles of Incorporation and By-Laws of the Fund, as amended from time to time, the provisions of the Investment Company Act and the statements relating to the Fund's investment objective, investment policies and investment restrictions as the same are set forth in filings made by the Fund under Federal securities laws. The Investment Sub-adviser shall make decisions for the Fund as to foreign currency matters and make determinations as to foreign exchange contracts. The Investment Sub-adviser shall make recommendations as to the manner in which voting rights, rights to consent to corporate action and any other rights pertaining to such portfolio securities shall be exercised. Should the Board of Directors of the Fund at any time, however, make any definite determination as to investment policy and notify the Investment Sub-adviser thereof in writing, the Investment Sub-adviser shall be bound by such determination for the period, if any, specified in such notice or until similarly notified that such determination has been revoked. The Investment Sub-adviser shall take, on behalf of the Fund, all actions which it deems necessary to implement the investment policies determined as provided above. To the extent that the Investment Adviser delegates such authority in writing to the Investment Sub-adviser, the Investment Sub-adviser shall place all orders for the purchase or sale of portfolio securities for the Fund's account with brokers or dealers selected by it, and to that end, the Investment Sub-adviser is authorized as the agent of the Fund to give instructions to the Custodian of the Fund as to deliveries of securities and payments of cash for the account of the Fund. In connection with the selection of such brokers and dealers and the placing of such orders, the Investment Sub-adviser is directed at all times to seek to obtain execution and price within the policy guidelines determined by the Board of Directors of the Fund and set forth in the filings made by the Fund under Federal securities laws. Subject to this requirement and the provisions of the Investment Company Act, the Securities Exchange Act of 1934, as amended, and other applicable provisions of law, the Investment Sub-adviser may select brokers or dealers with which it, or the Fund, is affiliated.

Investment Discretionary Services. To the extent that the Investment AdviserManager, with the prior authorization of the Fund's Board of Directors, delegates investment discretion in writing to the Investment Sub-adviserAdviser, the Investment Sub-adviser Adviser shall provide the Fund with such investment advice and supervision as the Fund may from time to time consider necessary for the proper supervision of those assets of the Fund for which the Investment Sub-adviser Adviser has been delegated investment discretion. The Investment Sub-adviser Adviser shall furnish continuously an investment program for such assets of the Fund and shall determine from time to time which securities shall be purchased, sold or exchanged and what portion of such assets of the Fund shall be held in the various securities in which the Fund invests, options, futures, options on futures or in cash, subject always to the restrictions of the Articles of Incorporation and By-Laws of the Fund, as amended from time to time, the provisions of the Investment Company Act and the statements relating to the Fund's investment objective, investment policies and investment restrictions as the same are set forth in filings made by the Fund under Federal securities laws. The Investment Sub-adviser Adviser shall make decisions for the Fund as to foreign currency matters and make determinations as to foreign exchange contracts. The Investment Sub-adviser Adviser shall make recommendations as to the manner in which voting rights, rights to consent to corporate action and any other rights pertaining to such portfolio securities shall be exercised. Should the Board of Directors of the Fund at any time, however, make any definite determination as to investment policy and notify the Investment Sub-adviser Adviser thereof in writing, the Investment Sub-adviser Adviser shall be bound by such determination for the period, if any, specified in such notice or until similarly notified that such determination has been revoked. The Investment Sub-adviser Adviser shall take, on behalf of the Fund, all actions which it deems necessary to implement the investment policies determined as provided above. To the extent that the Investment Adviser Manager delegates such authority in writing to the Investment Sub-adviserAdviser, the Investment Sub-adviser Adviser shall place all orders for the purchase or sale of portfolio securities for the Fund's account with brokers or dealers selected by it, and to that end, the Investment Sub-adviser Adviser is authorized as the agent of the Fund to give instructions to the Custodian of the Fund as to deliveries of securities and payments of cash for the account of the Fund. In connection with the selection of such brokers and or dealers and the placing of such orders, the Investment Sub-adviser Adviser is directed at all times to seek to obtain execution and price within the policy guidelines determined by the Board of Directors of the Fund and set forth in the filings made by the Fund under Federal securities laws. Subject to this requirement requirements and the provisions of the Investment Company Act, the Securities Exchange Act of 1934, as amended, and other applicable provisions of law, the Investment Sub-adviser Adviser may select brokers or dealers with which it, or the Fund, is affiliated.

Investment Discretionary Services. To the extent that the Investment AdviserManager, with the prior authorization of the Fund's Board of Directors, delegates investment discretion in writing to the Investment Sub-adviserAdviser, the Investment Sub-adviser Adviser shall provide the Fund with such investment advice and supervision as the Fund may from time to time consider necessary for the proper supervision of those assets of the Fund for which the Investment Sub-adviser Adviser has been delegated investment discretion. The Investment Sub-adviser Adviser shall furnish continuously an investment program for such assets of the Fund and shall determine from time to time which securities shall be purchased, sold or exchanged and what portion of such assets of the Fund shall be held in the various securities in which the Fund invests, options, futures, options on futures or in cash, subject always to the restrictions of the Articles of Incorporation and By-Laws of the Fund, as amended from time to time, the provisions of the Investment Company Act and the statements relating to the Fund's investment objective, investment policies and investment restrictions as the same are set forth in filings made by the Fund under Federal securities laws. The Investment Sub-adviser Adviser shall make decisions for the Fund as to foreign currency matters and make determinations as to foreign exchange contracts. The Investment Sub-adviser Adviser shall make recommendations as to the manner in which voting rights, rights to consent to corporate action and any other rights pertaining to such portfolio securities shall be exercised. Should the Board of Directors of the Fund at any time, however, make any definite determination as to investment policy and notify the Investment Sub-adviser Adviser thereof in writing, the Investment Sub-adviser Adviser shall be bound by such determination for the period, if any, specified in such notice or until similarly notified that such determination has been revoked. The Investment Sub-adviser Adviser shall take, on behalf of the Fund, all actions which it deems necessary to implement the investment policies determined as provided above. To the extent that the Investment Adviser Manager delegates such authority in writing to the Investment Sub-adviserAdviser, the Investment Sub-adviser Adviser shall place all orders for the purchase or sale of portfolio securities for the Fund's account with brokers or dealers selected by it, and to that end, the Investment Sub-adviser Adviser is authorized as the agent of the Fund to give instructions to the Custodian of the Fund as to deliveries of securities and payments of cash for the account of the Fund. In connection with the selection of such brokers and dealers and the placing of such orders, the Investment Sub-adviser Adviser is directed at all times to seek to obtain execution and price within the policy guidelines determined by the Board of Directors of the Fund and set forth in the filings made by the Fund under Federal securities laws. Subject to this requirement and the provisions of the Investment Company Act, the Securities Exchange Act of 1934, as amended, and other applicable provisions of law, the Investment Sub-adviser Adviser may select brokers or dealers with which it, or the Fund, is affiliated.

Investment Discretionary Services. To the extent that the Investment AdviserManager, with the prior authorization of the Fund's ’s Board of Directors, delegates investment discretion in writing to the Investment Sub-adviserAdviser, the Investment Sub-adviser Adviser shall provide the Fund with such investment advice and supervision as the Fund may from time to time consider necessary for the proper supervision of those assets of the Fund for which the Investment Sub-adviser Adviser has been delegated investment discretion. The Investment Sub-adviser Adviser shall furnish continuously an investment program for such assets of the Fund and shall determine from time to time which securities shall be purchased, sold or exchanged and what portion of such assets of the Fund shall be held in the various securities in which the Fund invests, options, futures, options on futures or in cash, subject always to the restrictions of the Articles of Incorporation and By-Laws of the Fund, as amended from time to time, the provisions of the Investment Company Act and the statements relating to the Fund's ’s investment objective, investment policies and investment restrictions as the same are set forth in filings made by the Fund under Federal securities laws. The Investment Sub-adviser Adviser shall make decisions for the Fund as to foreign currency matters and make determinations as to foreign exchange contracts. The Investment Sub-adviser Adviser shall make recommendations as to the manner in which voting rights, rights to consent to corporate action and any other rights pertaining to such portfolio securities shall be exercised. Should the Board of Directors of the Fund at any time, however, make any definite determination as to investment policy and notify the Investment Sub-adviser Adviser thereof in writing, the Investment Sub-adviser Adviser shall be bound by such determination for the period, if any, specified in such notice or until similarly notified that such determination has been revoked. The Investment Sub-adviser Adviser shall take, on behalf of the Fund, all actions which it deems necessary to implement the investment policies determined as provided above. To the extent that the Investment Adviser Manager delegates such authority in writing to the Investment Sub-adviserAdviser, the Investment Sub-adviser Adviser shall place all orders for the purchase or sale of portfolio securities for the Fund's ’s account with brokers or dealers selected by it, and to that end, the Investment Sub-adviser Adviser is authorized as the agent of the Fund to give instructions to the Custodian of the Fund as to deliveries of securities and payments of cash for the account of the Fund. In connection with the selection of such brokers and or dealers and the placing of such orders, the Investment Sub-adviser Adviser is directed at all times to seek to obtain execution and price within the policy guidelines determined by the Board of Directors of the Fund and set forth in the filings made by the Fund under Federal securities laws. Subject to this requirement and the provisions of the Investment Company Act, the Securities Exchange Act of 1934, as amended, and other applicable provisions of law, the Investment Sub-adviser Adviser may select brokers or dealers with which it, or the Fund, is affiliated.