Common use of Powers Exercisable Only on Prior Agreement with the Manager Clause in Contracts

Powers Exercisable Only on Prior Agreement with the Manager. The Trustee may pursuant to a separate written agreement between the Manager and the Agent Xxxxxx, participate in a securities lending program (which shall qualify as a “securities lending arrangement” as defined in the Tax Act) sponsored and administered by the Agent Lender (collectively, the “Program”) and, in connection therewith, the Trustee is authorized to release and deliver securities and return collateral received for loaned securities in accordance with the provisions of the Program. With respect to the Funds other than the Xxxxxxxx, Xxxxx & North Monthly Income Fund, Xxxxxxxx, Xxxxx & North Canadian Equity Value Fund, Xxxxxxxx, Xxxxx & North Overseas Equity Fund, Xxxxxxxx, Xxxxx & North Overseas Equity Pension Trust, Xxxxxxxx, Xxxxx & North Global Equity Fund, Xxxxxxxx, Xxxxx & North Community Values Global Equity Fund, Xxxxxxxx, Xxxxx & North Community Values Balanced Fund, Xxxxxxxx, Xxxxx & North Foreign Bond Fund, Xxxxxxxx, Xxxxx & North Long Mortgage Pension Trust, Xxxxxxxx, Xxxxx & North Mortgage Pension Trust, Xxxxxxxx, Xxxxx & North PRisM Balanced Fund, Xxxxxxxx, Xxxxx & North LifeTime 2015 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2020 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2025 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2030 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2035 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2040 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2045 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2050 Fund, Xxxxxxxx, Xxxxx & North Canadian Equity Underlying Fund, Xxxxxxxx, Xxxxx & North Canadian Equity Underlying Fund II, Xxxxxxxx, Xxxxx & North Short Inflation-linked Bond Fund, Xxxxxxxx, Xxxxx & North Long Inflation- linked Bond Fund, Xxxxxxxx, Xxxxx & North PRisM – Mid, Xxxxxxxx, Xxxxx & North PRisM – Short, Xxxxxxxx, Xxxxx & North PRisM – Long, Phillips, Xxxxx & North U.S. Multi-Style All-Cap Equity Fund, Xxxxxxxx, Xxxxx & North Inflation-Linked Fund and Xxxxxxxx, Xxxxx & North Institutional Gold & Precious Metals Fund, the Manager shall not implement a Program for a Fund until after the Manager has provided all unitholders of the Fund six months prior written notice of its intention to implement a Program. The requirement to provide notice to unitholders does not apply in respect of a Fund that discloses its intention to participate in a Program from the Fund’s inception.

Powers Exercisable Only on Prior Agreement with the Manager. The Trustee may pursuant to a separate written agreement between the Manager and the Agent XxxxxxLender, participate in a securities lending program (which shall qualify as a “securities lending arrangement” as defined in the Tax Act) sponsored and administered by the Agent Lender (collectively, the “Program”) and, in connection therewith, the Trustee is authorized to release and deliver securities and return collateral received for loaned securities in accordance with the provisions of the Program. With respect to the Funds other than the Xxxxxxxx, Xxxxx & North Monthly Income Fund, Xxxxxxxx, Xxxxx & North Canadian Equity Value Fund, Xxxxxxxx, Xxxxx & North Overseas Equity Fund, Xxxxxxxx, Xxxxx & North Overseas Equity Pension Trust, Xxxxxxxx, Xxxxx & North Global Equity Fund, Xxxxxxxx, Xxxxx & North Community Values Global Equity Fund, Xxxxxxxx, Xxxxx & North Community Values Balanced Fund, Xxxxxxxx, Xxxxx & North Foreign Bond Fund, Xxxxxxxx, Xxxxx & North Long Mortgage Pension Trust, Xxxxxxxx, Xxxxx & North Mortgage Pension Trust, Xxxxxxxx, Xxxxx & North PRisM Balanced Fund, Xxxxxxxx, Xxxxx & North LifeTime 2015 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2020 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2025 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2030 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2035 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2040 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2045 Fund, Xxxxxxxx, Xxxxx & North LifeTime 2050 Fund, Xxxxxxxx, Xxxxx & North Canadian Equity Underlying Fund, Xxxxxxxx, Xxxxx & North Canadian Equity Underlying Fund II, Xxxxxxxx, Xxxxx & North Short Inflation-linked Bond Fund, Xxxxxxxx, Xxxxx & North Long Inflation- linked Bond Fund, Xxxxxxxx, Xxxxx & North PRisM – Mid, Xxxxxxxx, Xxxxx & North PRisM – Short, Xxxxxxxx, Xxxxx & North PRisM – Long, Phillips, Xxxxx & North U.S. Multi-Style All-Cap Equity Fund, Xxxxxxxx, Xxxxx & North Inflation-Linked Fund and Xxxxxxxx, Xxxxx & North Institutional Gold & Precious Metals Fund, the Manager shall not implement a Program for a Fund until after the Manager has provided all unitholders of the Fund six months prior written notice of its intention to implement a Program. The requirement to provide notice to unitholders does not apply in respect of a Fund that discloses its intention to participate in a Program from the Fund’s inception.