Common use of Permissible Interest Clause in Contracts

Permissible Interest. Subject to and in accordance with the Trust’s Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, Trustees, officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s 's Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, Trustees, officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s 's Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, TrusteesTrustees , officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s 's Declaration of Trust and Bylaws By-laws and corresponding governing documents of Portfolio Manager, TrusteesTrustees , officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, Trustees, officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, partners, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s 's Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, Trustees, officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, partner, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s Declaration of Trust and Bylaws By-laws and corresponding governing documents of Portfolio ManagerPrimary Adviser, Trustees, officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager Primary Adviser as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager Primary Adviser may also have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, Trustees, officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, partner, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s 's Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, Trustees, officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act. 7.

Permissible Interest. Subject to and in accordance with the Trust’s Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, Trustees, officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.the

Permissible Interest. Subject to and in accordance with the Trust’s 's Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, Trusteesdirectors, officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s 's Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, Trustees, officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, partners, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, Trusteesdirectors, officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, TrusteesTrustees , officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s 's Declaration of Trust and Bylaws and corresponding governing documents of documentsof Portfolio Manager, TrusteesTrustees , officers, agents and shareholders of the Trust may have an interest in the Portfolio Manager PortfolioManager as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the inthe Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the ofthe Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Manager, Trustees, officers, agents agents; and shareholders of the Trust may have an interest in the Portfolio Manager as officers, directors, agents and/or shareholders or otherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s 's Declaration of Trust and Bylaws and corresponding governing documents of Portfolio Specialist Manager, Trustees, officers, agents and shareholders of the Trust may have an interest in the Portfolio Specialist Manager as officers, directors, agents and/or shareholders or otherwise. Portfolio Specialist Manager may have similar interests in the Trust. The effect of any such interrelationships shall be governed by said governing documents and the provisions of the Investment Company Act.

Permissible Interest. Subject to and in accordance with the Trust’s 's Declaration of Trust and Bylaws and corresponding governing correspondinggoverning documents of Portfolio Manager, TrusteesTrustees , officers, agents and shareholders of the Trust may Trustmay have an interest in the Portfolio Manager as officers, directors, agents and/or shareholders or otherwiseorotherwise. Portfolio Manager may have similar interests in the Trust. The effect of any such interrelationships suchinterrelationships shall be governed by said governing documents and the provisions of the Investment Company InvestmentCompany Act.