Common use of Portfolio Management Duties Clause in Contracts

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's assets allocated to the Adviser upon the recommendation of the Manager and the review of the Board of Trustees ("Allocated Assets") in accordance with the Portfolio's investment objectives, policies and limitations as stated in the Trust's Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets. (b) The Adviser will keep the Trust and the Manager informed of developments materially affecting the Portfolio and shall, on the Adviser's own initiative, furnish to the Trust and the Manager from time to time whatever information the Adviser believes appropriate for this purpose. (c) The Adviser agrees that it will comply with the Investment Company Act of 1940, as amended (the "Act"), and all rules and regulations thereunder, all applicable federal and state laws and regulations and with any applicable procedures adopted by the Trust's Board of Trustees. (d) The Adviser agrees that it will, on at least a monthly basis, review the custodian's pricing of securities with respect to each security held in the Adviser's portion of the Portfolio and advise the Manager in writing by sending a facsimile transmission to the Portfolio's controller at 000 000-0000 of any changes in price which the Adviser recommends.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's assets allocated to the Adviser upon the recommendation of the Manager and the review of the Board of Trustees ("Allocated Assets") in accordance with the Portfolio's investment objectives, policies and limitations as stated in the Trust's Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets. (b) The Adviser will keep the Trust and the Manager informed of developments materially affecting the Portfolio and shall, on the Adviser's own initiative, furnish to the Trust and the Manager from time to time whatever information the Adviser believes appropriate for this purpose. (c) The Adviser agrees that it will comply with the Investment Company Act of 1940, as amended (the "Act"), and all rules and regulations thereunder, all applicable federal and state laws and regulations and with any applicable procedures adopted by the Trust's Board of Trustees. (d) The Adviser agrees that it will, on at least a monthly basis, review the custodian's pricing of securities with respect to each security held in the Adviseradviser's portion of the Portfolio and advise the Manager in writing by sending a facsimile transmission to the Portfolio's controller at 000 000-0000 of any changes in price which the Adviser recommends.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's assets allocated to the Adviser upon the recommendation of the Manager and the review of the Board of Trustees ("Allocated Assets") in accordance with the Portfolio's investment objectives, policies and limitations as stated in the Trust's Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets. (b) The Adviser will keep the Trust and the Manager informed of developments materially affecting the Portfolio and shall, on the Adviser's own initiative, furnish to the Trust and the Manager from time to time whatever information the Adviser believes appropriate for this purpose. (c) The Adviser agrees that it will comply with the Investment Company Act of 1940, as amended (the "Act"), and all rules and regulations thereunder, all applicable federal and state laws and regulations and with any applicable procedures adopted by the Trust's Board of Trustees. (d) The Adviser agrees that it will, on at least a monthly basis, review the custodian's pricing of securities with respect to each security held in the Adviser's portion of the Portfolio and advise the Manager in writing by sending a facsimile transmission to the Portfolio's controller at 000 000-0000 of any changes in price which the Adviser recommends.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's assets allocated to the Adviser upon the recommendation of the Manager and the review of the Board of Trustees ("Allocated Assets") in accordance with the Portfolio's investment objectives, policies and limitations as stated in the Trust's Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets. (b) The Adviser will keep the Trust and the Manager informed of developments materially affecting the Portfolio and shall, on the Adviser's own initiative, furnish to the Trust and the Manager from time to time whatever information the Adviser believes appropriate for this purpose. (c) The Adviser agrees that it will comply with the Investment Company Act of 1940, as amended (the "Act"), and all rules and regulations thereunder, all applicable federal and state laws and regulations and with any applicable procedures adopted by the Trust's Board of Trustees. (d) The Adviser agrees that it will, on at least a monthly basis, review the custodian's pricing of securities with respect to each security held in the Adviser's portion of the Portfolio and advise the Manager in writing by sending a facsimile transmission to the Portfolio's controller at 000 200 000-0000 of any changes in price which the Adviser recommends.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's assets allocated to the Adviser upon the recommendation of the Manager and the review of the Board of Trustees ("Allocated Assets") in accordance with the Portfolio's investment objectives, policies and limitations as stated in the Trust's Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets. (b) The Adviser will keep the Trust and the Manager informed of developments materially affecting the Portfolio and shall, on the Adviser's own initiative, furnish to the Trust and the Manager from time to time whatever information the Adviser believes appropriate for this purpose. (c) The Adviser agrees that it will comply with the Investment Company Act of 1940, as amended (the "Act"), and all rules and regulations thereunderthereunder to the extent applicable as Adviser to this Portfolio, all applicable federal and state laws and regulations and with any applicable procedures adopted by the Trust's Board of Trustees. (d) The Adviser agrees that it will, on at least a monthly basis, review the custodian's pricing of securities with respect to each security held in the Adviser's portion of the Portfolio and advise the Manager in writing by sending a facsimile transmission to the Portfolio's controller at 000 000-0000 of any changes in price which the Adviser recommends.