Common use of Limitation on Authority Clause in Contracts

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent Client or The Vantagepoint Funds in any way or otherwise to be an agent of Client or the Fund. The activities of Client and Subadviser in managing the assets of the Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The Vantagepoint Funds and in compliance with applicable laws and rules.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent Client or The Vantagepoint Funds in any way or otherwise to be an agent of Client or the Fund. The activities of Client and Subadviser in managing the assets of the Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The Vantagepoint Funds and in compliance with applicable laws and ruleslaws.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent Client or The Vantagepoint the Funds in any way or otherwise to be an agent of Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The Vantagepoint the Funds and in compliance with applicable laws and rules.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent the Client or The Vantagepoint the Funds in any way or otherwise to be an agent of the Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the Vantagepoint Income Preservation Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The the Vantagepoint Funds and in compliance with applicable laws and rulesFunds.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent the Client or The Vantagepoint the Funds in any way or otherwise to be an agent of the Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the Fund Vantagepoint Growth & Income Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The the Vantagepoint Funds and in compliance with applicable laws and rulesFunds.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent the Client or The Vantagepoint the Funds in any way or otherwise to be an agent of the Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the Fund VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The Vantagepoint Funds and in compliance with applicable laws and rulesFunds.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent Client or The Vantagepoint Funds in any way or otherwise to be an agent of Client or the Fund. The activities of Client and Subadviser in managing the assets of the Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The Vantagepoint Funds and in compliance with applicable laws and rules. The Subadviser shall have no responsibility under this Agreement with respect to the management of assets of the Fund other than those assets included in the Account.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent the Client or The Vantagepoint the Funds in any way or otherwise to be an agent of the Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the Fund Vantagepoint Equity Income Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The the Vantagepoint Funds and in compliance with applicable laws and rulesFunds.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent Client or The Vantagepoint Funds in any way or otherwise to be an agent of Client or the Fund. The activities of Client and Subadviser in managing the assets of the Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The Vantagepoint Funds and in compliance with applicable laws and rules. The Subadviser shall have no responsibility under this Agreement with respect to the management of the assets of the Fund other than those assets included in the Account.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent the Client or The Vantagepoint Funds the Fund in any way or otherwise to be an agent of the Client or the Fund. The activities of Client and Subadviser in managing the assets of the VantageTrust Income Preservation Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors Trustees of The Vantagepoint Funds and in compliance with applicable laws and rulesthe Trust.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent the Client or The Vantagepoint the Funds in any way or otherwise to be an agent of the Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the VantageTrust Income Preservation Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors Trustees of The Vantagepoint Funds and in compliance with applicable laws and rulesthe Trust.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent Client or The Vantagepoint the Funds in any way or otherwise to be an agent of Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The Vantagepoint Funds and in compliance with applicable laws and rulesFunds.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent the Client or The Vantagepoint the Funds in any way or otherwise to be an agent of the Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the Vantagepoint Aggressive Opportunities Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The the Vantagepoint Funds and in compliance with applicable laws and rulesFunds.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent Independent contractor and shall have no authority to act for or to represent the Client or The Vantagepoint the Funds in any way or otherwise to be an agent of the Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the Vantagepoint Equity Income Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The the Vantagepoint Funds and in compliance with applicable laws and rulesFunds.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent the Client or The Vantagepoint the Funds in any way or otherwise to be an agent of the Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the Fund VANTAGEPOINT GROWTH FUND shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The Vantagepoint Funds and in compliance with applicable laws and rulesFunds.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent the Client or The Vantagepoint the Funds in any way or otherwise to be an agent of the Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the Vantagepoint Growth Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The the Vantagepoint Funds and in compliance with applicable laws and rulesFunds.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Sub-Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent Client VIA or The Vantagepoint Funds in any way or otherwise to be an agent of Client , VIA or the Fund. The activities of Client VIA, Subadviser and Sub-Subadviser in managing the assets of the Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The Vantagepoint Funds and in compliance with applicable laws and ruleslaws.

Limitation on Authority. Except as expressly authorized herein or hereafter from time to time, Subadviser shall for all purposes be deemed an independent contractor and shall have no authority to act for or to represent the Client or The Vantagepoint the Funds in any way or otherwise to be an agent of the Client or the FundFunds. The activities of Client and Subadviser in managing the assets of the Vantagepoint Growth & Income Fund shall in all instances be conducted subject to the supervision and direction of the Board of Directors of The Vantagepoint Funds and in compliance with applicable laws and rulesFunds.