Common use of Permissible Investments Clause in Contracts

Permissible Investments. Subject to applicable statutes and regulations, it is understood that Trustees, officers or agents of the Trust are or may be interested in the Adviser as officers, directors, agents, shareholders or otherwise, and that the officers, directors, shareholders and agents of the Adviser may be interested in the Trust otherwise than as a director, officer or agent.

Permissible Investments. Subject to applicable statutes and regulations, it is understood that Trustees, officers or agents of the Trust Fund are or may be interested in the Adviser as officers, directors, agents, shareholders or otherwise, and that the officers, directors, shareholders and agents of the Adviser may be interested in the Trust Fund otherwise than as a director, officer or agent.