Common use of POWERS OF THE INVESTMENT MANAGER Clause in Contracts

POWERS OF THE INVESTMENT MANAGER. Subject to the limitations provided in Section 1 hereof, the Investment Manager is empowered hereby, through any of its partners, principals, or appropriate employees, for the benefit of the Fund: (a) to invest and reinvest in shares, stocks, bonds, notes and other obligations of every description issued or incurred by governmental bodies, corporations, mutual funds, trusts, associations or firms, in trade acceptances and other commercial paper, and in loans and deposits at interest on call or on time, whether or not secured by collateral; (b) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (c) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (d) to lend its portfolio securities to brokers, dealers and other financial institutions; (e) to buy, sell, or exercise options, rights and warrants to subscribe for stock or securities; (f) to engage in any other types of investment transactions described in the Fund's Prospectus and Statement of Additional Information; and (g) to take such other action, or to direct the Custodian to take such other action, as may be necessary or desirable to carry out the purpose and intent of the foregoing.

POWERS OF THE INVESTMENT MANAGER. Subject to the limitations provided in Section 1 hereof, the Investment Manager is empowered hereby, through any of its partners, principals, or appropriate employees, for the benefit of the Fund: (a) to invest and reinvest in shares, stocks, bonds, notes and other obligations of every description issued or incurred by governmental bodies, corporations, mutual funds, trusts, associations or firms, in trade acceptances and other commercial paper, and in loans and deposits at interest on call or on time, whether or not secured by collateral; (b) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (c) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (d) to lend its portfolio securities to brokers, dealers and other financial institutions; (e) to buy, sell, or exercise options, rights and warrants to subscribe for stock or securities; ; (f) to engage in any other types of investment transactions described in the Fund's Prospectus and Statement of Additional Information; and (g) to take such other action, or to direct the Custodian to take such other action, as may be necessary or desirable to carry out the purpose and intent of the foregoing.

POWERS OF THE INVESTMENT MANAGER. Subject to the limitations provided in Section 1 hereof, the Investment Manager is empowered hereby, through any of its partners, principals, or appropriate employees, for the benefit of the Fund: (a) to invest and reinvest in shares, stocks, bonds, notes notes, and other obligations of every description issued or incurred by governmental bodies, corporations, mutual funds, trusts, associations associations, or firms, in trade acceptances and other commercial paper, and in loans and deposits at interest on call or on time, whether or not secured by collateral; (b) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (c) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (d) to lend its portfolio securities to brokers, dealers dealers, and other financial institutions; (e) to buy, sell, or exercise options, rights rights, and warrants to subscribe for stock or securities; (f) to engage in any other types of investment transactions described in the Fund's Prospectus and Statement of Additional Information; and (g) to take such other action, or to direct the Custodian Fund's custodian to take such other action, as may be necessary or desirable to carry out the purpose and intent of the foregoing.