Common use of POWERS OF THE INVESTMENT MANAGER Clause in Contracts

POWERS OF THE INVESTMENT MANAGER. (a) 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: (i) 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; (ii) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (iii) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (iv) to lend its portfolio securities to brokers, dealers, and other financial institutions; Exhibit 4(o) (v) to buy, sell, or exercise options, rights, and warrants to subscribe for stock or securities; (vi) to engage in any other types of investment transactions described in the Fund's Prospectus and Statement of Additional Information; and (vii) to take such other action, or to direct the Fund's custodian to take such other action, as may be necessary or desirable to carry out the purpose and intent of the foregoing. (b) The Investment Manager may enter into one or more contracts (each a "Sub-Advisory Contract" or "Sub-Administration Contract") with a sub-adviser or sub-administrator in which the Investment Manager delegates to such sub-adviser or sub-administrator any or all duties specified in this Agreement, provided that each Sub-Advisory Contract or Sub-Administration Contract imposes on the sub-adviser or sub-administrator bound thereby all applicable duties and conditions to which the Investment Manager is subject under this Agreement, and further provided that each Sub-Advisory Contract or Sub-Administration Contract meets all requirements of the 1940 Act and any rules, regulations, or orders of the Securities and Exchange Commission thereunder.

POWERS OF THE INVESTMENT MANAGER. (a) Subject to the limitations provided in Section 1 hereof, the Investment Manager is empowered hereby, through any of its partners, principals, principals or appropriate employees, for the benefit of the Fund: (ia) 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; (iib) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (iiic) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (ivd) to lend its portfolio securities to brokers, dealers, dealers and other financial institutions; Exhibit 4(o); (ve) to buy, sell, or exercise options, rights, rights and warrants to subscribe for stock or securities; ; (vif) to engage in any other types of investment transactions described in the Fund's Prospectus and Statement of Additional Information; and; (viig) to take such other action, or to direct the Fund's custodian (the "Custodian") to take such other action, as may be necessary or desirable to carry out the purpose and intent of the foregoing.; (bh) The to vote proxies solicited by or with respect to the issuers of securities in which Portfolio assets are invested as of the record date for voting such proxies ("Proxies"); and (i) to engage Kleinwort Xxxxxx Investment Manager may enter into one or more contracts Management Americas Inc. (each a "Sub-Advisory Contract" or "Sub-Administration ContractKBIMA") with or, subject to, among other things, the approval of a sub-adviser or sub-administrator majority of the Board of Directors of the Company who are not interested persons (as defined in which the 0000 Xxx) and a majority (as defined in the 0000 Xxx) of the outstanding voting securities of the Fund, any other affiliate of the Investment Manager delegates Manager, as the subadviser to such sub-adviser or sub-administrator the Fund (the "Subadviser") and, in connection therewith, to authorize the Subadviser to do any or and all duties specified of the foregoing in this Agreementthe Subadviser's sole discretion, provided that each Sub-Advisory Contract or Sub-Administration Contract imposes on subject to the sub-adviser or sub-administrator bound thereby all applicable duties and conditions to which supervision of the Investment Manager is subject under this Agreement, and further provided that each Sub-Advisory Contract or Sub-Administration Contract meets all requirements of the 1940 Act and any rules, regulations, or orders of the Securities and Exchange Commission thereunderManager.

POWERS OF THE INVESTMENT MANAGER. (a) 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: (i) 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; (ii) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (iii) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (iv) to lend its portfolio securities to brokers, dealers, and other financial institutions; Exhibit 4(o); (v) to buy, sell, or exercise options, rights, and warrants to subscribe for stock or securities; (vi) to engage in any other types of investment transactions described in the Fund's Funds Prospectus and Statement of Additional Information; and (vii) to take such other action, or to direct the Fund's Funds custodian to take such other action, as may be necessary or desirable to carry out the outthe purpose and intent of the foregoing. (b) The Investment Manager may enter into one or more contracts (each a "Sub-Advisory Contract" Contract or "Sub-Sub- Administration Contract") with a sub-adviser or sub-sub- administrator in which the Investment Manager delegates to such sub-adviser or sub-administrator any or all duties specified in this Agreement, provided that each Sub-Sub- Advisory Contract or Sub-Administration Contract imposes on the sub-adviser or sub-administrator bound thereby all applicable duties and conditions to which the Investment Manager is subject under this Agreement, and further provided that each Sub-Advisory Contract or Sub-Sub- Administration Contract meets all requirements of the 1940 Act and any rules, regulations, or orders of the Securities and Exchange Commission thereunder.

POWERS OF THE INVESTMENT MANAGER. (a) 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: (i) 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; (ii) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (iii) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (iv) to lend its portfolio securities to brokers, dealers, and other financial institutions; Exhibit 4(o4(m) (v) to buy, sell, or exercise options, rights, and warrants to subscribe for stock or securities; (vi) to engage in any other types of investment transactions described in the Fund's Prospectus and Statement of Additional Information; and (vii) to take such other action, or to direct the Fund's custodian to take such other action, as may be necessary or desirable to carry out the purpose and intent of the foregoing. (b) The Investment Manager may enter into one or more contracts (each a "Sub-Advisory Contract" or "Sub-Administration Contract") with a sub-adviser or sub-administrator in which the Investment Manager delegates to such sub-adviser or sub-administrator any or all duties specified in this Agreement, provided that each Sub-Advisory Contract or Sub-Administration Contract imposes on the sub-adviser or sub-administrator bound thereby all applicable duties and conditions to which the Investment Manager is subject under this Agreement, and further provided that each Sub-Advisory Contract or Sub-Administration Contract meets all requirements of the 1940 Act and any rules, regulations, or orders of the Securities and Exchange Commission thereunder.

POWERS OF THE INVESTMENT MANAGER. (a) 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: (i) 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; (ii) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (iii) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (iv) to lend its portfolio securities to brokers, dealers, and other financial institutions; Exhibit 4(o); (v) to buy, sell, or exercise options, rights, and warrants to subscribe for stock or securities; (vi) to engage in any other types of investment transactions described in the Fund's Funds Prospectus and Statement of Additional Information; and (vii) to take such other action, or to direct the Fund's Funds custodian to take such other action, as may be necessary or desirable to carry out the purpose and intent of the foregoing. (b) The Investment Manager may enter into one or more contracts (each a "Sub-Advisory Contract" Contract or "Sub-Sub- Administration Contract") with a sub-adviser or sub-sub- administrator in which the Investment Manager delegates to such sub-adviser or sub-administrator any or all duties specified in this Agreement, provided that each Sub-Advisory Contract or Sub-Administration Contract imposes on the sub-adviser or sub-sub- administrator bound thereby all applicable duties and conditions to which the Investment Manager is subject under this Agreement, and further provided that each Sub-Advisory Contract or Sub-Administration Contract meets all requirements of the 1940 Act and any rules, regulations, or orders of the Securities and Exchange Commission thereunder.

POWERS OF THE INVESTMENT MANAGER. (a) 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: (i) 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; (ii) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (iii) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (iv) to lend its portfolio securities to brokers, dealers, and other financial institutions; Exhibit 4(o); (v) to buy, sell, or exercise options, rights, and warrants to subscribe for stock or securities; (vi) to engage in any other types of investment transactions described in the Fund's Funds Prospectus and Statement of Additional Information; and (vii) to take such other action, or to direct the Fund's Funds custodian to take such other action, as may be necessary or desirable to carry out the purpose and intent of the foregoing. (b) The Investment Manager may enter into one or more contracts (each a "Sub-Advisory Contract" Contract or "Sub-Administration Contract") with a sub-adviser or sub-sub- administrator in which the Investment Manager delegates to such sub-adviser or sub-administrator any or all duties specified in this Agreement, provided that each Sub-Advisory Contract or Sub-Administration Contract imposes on the sub-sub- adviser or sub-administrator bound thereby all applicable duties and conditions to which the Investment Manager is subject under this Agreement, and further provided that each Sub-Advisory Contract or Sub-Administration Contract meets all requirements of the 1940 Act and any rules, regulations, or orders of the Securities and Exchange Commission thereunder.

POWERS OF THE INVESTMENT MANAGER. (a) 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: (i) 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; (ii) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (iii) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (iv) to lend its portfolio securities to brokers, dealers, and other financial institutions; Exhibit 4(o4(l) (v) to buy, sell, or exercise options, rights, and warrants to subscribe for stock or securities; (vi) to engage in any other types of investment transactions described in the Fund's Prospectus and Statement of Additional Information; and (vii) to take such other action, or to direct the Fund's custodian to take such other action, as may be necessary or desirable to carry out the purpose and intent of the foregoing. (b) The Investment Manager may enter into one or more contracts (each a "Sub-Advisory Contract" or "Sub-Administration Contract") with a sub-adviser or sub-administrator in which the Investment Manager delegates to such sub-adviser or sub-administrator any or all duties specified in this Agreement, provided that each Sub-Advisory Contract or Sub-Administration Contract imposes on the sub-adviser or sub-administrator bound thereby all applicable duties and conditions to which the Investment Manager is subject under this Agreement, and further provided that each Sub-Advisory Contract or Sub-Administration Contract meets all requirements of the 1940 Act and any rules, regulations, or orders of the Securities and Exchange Commission thereunder.

POWERS OF THE INVESTMENT MANAGER. (a) 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: (i) 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; (ii) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (iii) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (iv) to lend its portfolio securities to brokers, dealers, and other financial institutions; Exhibit 4(o4(n) (v) to buy, sell, or exercise options, rights, and warrants to subscribe for stock or securities; (vi) to engage in any other types of investment transactions described in the Fund's Prospectus and Statement of Additional Information; and (vii) to take such other action, or to direct the Fund's custodian to take such other action, as may be necessary or desirable to carry out the purpose and intent of the foregoing. (b) The Investment Manager may enter into one or more contracts (each a "Sub-Advisory Contract" or "Sub-Administration Contract") with a sub-adviser or sub-administrator in which the Investment Manager delegates to such sub-adviser or sub-administrator any or all duties specified in this Agreement, provided that each Sub-Advisory Contract or Sub-Administration Contract imposes on the sub-adviser or sub-administrator bound thereby all applicable duties and conditions to which the Investment Manager is subject under this Agreement, and further provided that each Sub-Advisory Contract or Sub-Administration Contract meets all requirements of the 1940 Act and any rules, regulations, or orders of the Securities and Exchange Commission thereunder.

POWERS OF THE INVESTMENT MANAGER. (a) 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: (i) 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; (ii) to purchase and sell commodities or commodities contracts and investments in put, call, straddle, or spread options; (iii) to enter into forward, future, or swap contracts with respect to the purchase and sale of securities, currencies, commodities, and commodities contracts; (iv) to lend its portfolio securities to brokers, dealers, and other financial institutions; Exhibit 4(o); (v) to buy, sell, or exercise options, rights, and warrants to subscribe for stock or securities; (vi) to engage in any other types of investment transactions described in the Fund's Prospectus and Statement of Additional Information; and (vii) to take such other action, or to direct the Fund's custodian to take such other action, as may be necessary or desirable to carry out the purpose and intent of the foregoing. (b) The Investment Manager may enter into one or more contracts (each a "Sub-Advisory Contract" or "Sub-Administration Contract") with a sub-adviser or sub-administrator in which the Investment Manager delegates to such sub-adviser or sub-administrator any or all duties specified in this Agreement, provided that each Sub-Advisory Contract or Sub-Administration Contract imposes on the sub-adviser or sub-administrator bound thereby all applicable duties and conditions to which the Investment Manager is subject under this Agreement, and further provided that each Sub-Advisory Contract or Sub-Administration Contract meets all requirements of the 1940 Act and any rules, regulations, or orders of the Securities and Exchange Commission thereunder.