Common use of Retention of the Administrator Clause in Contracts

Retention of the Administrator. The Company hereby retains the Administrator to act as the administrator of the Portfolios and to furnish the Portfolios with the management and administrative services as set forth in Article 2 below. The Administrator hereby accepts such employment to perform the duties set forth below. The Company consents to the performance of certain services hereunder by the Administrator's affiliate, BISYS Fund Services (Ireland)

Retention of the Administrator. The Company hereby ------------------------------ retains the Administrator to act as the administrator of the Portfolios and to furnish the Portfolios with the management accounting and administrative services as set forth in Article 2 below. The Administrator hereby accepts such employment to perform the duties set forth below. The Company consents Administrator shall, for all purposes herein, be deemed to the performance of certain services hereunder by the Administrator's affiliate, BISYS Fund Services (Ireland)be an independent contractor.

Retention of the Administrator. The Company hereby retains the ------------------------------ Administrator to act as the administrator of the Portfolios and to furnish the Portfolios with the management accounting and administrative services as set forth in Article 2 below. The Administrator hereby accepts such employment to perform the duties set forth below. The Company consents Administrator shall, for all purposes herein, be deemed to the performance of certain services hereunder by the Administrator's affiliate, BISYS Fund Services (Ireland)be an independent contractor.