Common use of Other Duties and Services Clause in Contracts

Other Duties and Services. The Adviser, or any other entity approved by the Fund’s Board, whether or not such entity is affiliated with the Adviser and directors and officers of the Fund, shall keep the books and financial records of the Fund, and on behalf of the Fund shall compute the net asset value of the Fund’s shares (in accordance with any instructions of the Board) at such times as the Board may direct. In compliance with the requirements of Rule 31a-3 of the Rules and Regulations of the Securities and Exchange Commission under the Investment Company Act of 1940, as amended, the Adviser hereby agrees it will surrender and will cause any other entity that maintains the Fund’s books and financial records hereunder to surrender promptly to the Fund any of such records upon the Fund’s request, and the Adviser further agrees to preserve for the periods prescribed by Rule 31a-2 of such Rules any such records as are required to be maintained by Rule 31a-1 thereof. If requested to provide such services, the Adviser or such other entity may obtain, at the Fund’s expense, pricing information from brokers, dealers or others to assist the Adviser or such other entity in computing such net asset value, and the Adviser or such other entity shall perform such other services as are reasonably incidental to the foregoing duties. The Adviser or such other entity shall furnish to the Fund and to such other persons as the Fund may direct, any statements with respect to the net asset value of the Fund and the net asset value per share, at such times, and in such forms, as the Fund may prescribe. When and if the Board so requests, the Adviser or such other entity shall furnish the Fund with the services of a person or persons satisfactory to the Fund whose duties shall include (except for the legal and auditing aspects thereof) the supervision of the Fund’s financial statements and reports, the preparation of reports to shareholders and others, and any statements or reports required by regulatory authorities of the United States, or states thereof in which the Fund has registered or qualified its shares for sale. In addition, the Adviser shall furnish, or arrange and pay for others to furnish to the Fund, such office space and facilities, including, without limitation, stenographic, telephone, telegraphic, mailing, and other facilities as the Board shall request in connection with the operations of the Fund. It is the intent of this Agreement that through the staff of the Adviser or of another entity furnishing such services, the Adviser or such other entity shall supply such services as are deemed by the Board to be necessary or desirable and proper for the continuous operation of the Fund. However, neither the Adviser nor such other entity shall be required to perform (a) those services customarily performed by members of the Board; or (b) those services customarily performed by the custodian, transfer agent, registrar, dividend disbursing agent, independent accountants, brokers, dealers or legal counsel.

Other Duties and Services. The Adviser, or any other entity approved by the Fund’s 's Board, whether or not such entity is affiliated with the Adviser and directors and officers of the Fund, shall keep the books and financial records of the Fund, and on behalf of the Fund shall compute the net asset value of the Fund’s 's shares (in accordance with any instructions of the Board) at such times as the Board may direct. In compliance with the requirements of Rule 31a-3 of the Rules and Regulations of the Securities and Exchange Commission under the Investment Company Act of 1940, as amended, the Adviser hereby agrees it will surrender and will cause any other entity that maintains the Fund’s 's books and financial records hereunder to surrender promptly to the Fund any of such records upon the Fund’s 's request, and the Adviser further agrees to preserve for the periods prescribed by Rule 31a-2 of such Rules any such records as are required to be maintained by Rule 31a-1 thereof. If requested to provide such services, the Adviser or such other entity may obtain, at the Fund’s 's expense, pricing information from brokers, dealers or others to assist the Adviser or such other entity in computing such net asset value, and the Adviser or such other entity shall perform such other services as are reasonably incidental to the foregoing duties. The Adviser or such other entity shall furnish to the Fund and to such other persons as the Fund may direct, any statements with respect to the net asset value of the Fund and the net asset value per share, at such times, and in such forms, as the Fund may prescribe. When and if the Board so requests, the Adviser or such other entity shall furnish the Fund with the services of a person or persons satisfactory to the Fund whose duties shall include (except for the legal and auditing aspects thereof) the supervision of the Fund’s 's financial statements and reports, the preparation of reports to shareholders and others, and any statements or reports required by regulatory authorities of the United States, or states thereof in which the Fund has registered or qualified its shares for sale. In addition, the Adviser shall furnish, or arrange and pay for others to furnish to the Fund, such office space and facilities, including, without limitation, stenographic, telephone, telegraphic, mailing, and other facilities as the Board shall request in connection with the operations of the Fund. It is the intent of this Agreement that through the staff of the Adviser or of another entity furnishing such services, the Adviser or such other entity shall supply such services as are deemed by the Board to be necessary or desirable and proper for the continuous operation of the Fund. However, neither the Adviser nor such other entity shall be required to perform (a) those services customarily performed by members of the Board; or (b) those services customarily performed by the custodian, transfer agent, registrar, dividend disbursing agent, independent accountants, brokers, dealers or legal counsel. SECTION 4.