Common use of Power and Appointment of Manager Clause in Contracts

Power and Appointment of Manager. The Manager reserves and retains full authority and responsibility and the exclusive power to manage the business and affairs of the Funds, including without limitation to provide to the Funds all necessary investment management, including but not limited to directing the investment of the Fund assets, and all clerical, administrative, and operational services as set forth in this Article 7 or elsewhere in this Master Trust Agreement. For greater certainty, it is hereby confirmed that the Trustee in any capacity hereunder shall have no responsibility for investment management of the securities or other assets of the Funds or for any investment decisions, initiating any trades in respect of any Fund assets, or for providing any Fund valuation or recordkeeping services, save and except for carrying out the instructions given to it pursuant to this Master Trust Agreement and for decisions made by the Trustee, other than on the written instructions of the Manager, in the exercise of the specific powers and authorities provided to the Trustee in Section 6.5. Without limitation, the Trustee in any capacity hereunder shall have no responsibility or liability whatsoever for the monitoring of any investment objectives or restrictions of the Funds.