Common use of Service and Duties Clause in Contracts

Service and Duties. The following provisions of this Agreement relate to the functions of the Advisor in its capacity as Advisor: A. The Advisor shall: 1. Supervise continuously the investment program of the Trust, the administration of the investment program, and the composition of its portfolios; 2. Provide investment research, evaluation, and supervision of the Trust's investments; 3. Determine what investment instruments shall be purchased or sold by the Trust; 4. Arrange for the purchase and the sale of investment instruments held in each portfolio of the Trust and the Fixed Term Automated Investment Program; 5. In connection with the purchase of certificates of deposit by the Trust, establish and maintain a list of state banks, national banks, savings and loan associations, and savings banks located within Iowa that qualify as depositories of public agencies under Iowa law and meet criteria established or approved by the Trustees of the Trust; 6. Place all orders for the purchase, sale, or exchange of the Trust's assets; 7. Attend all meetings of the Trustees and Participants; 8. Attend, assist with, or conduct workshops, informational meetings or seminars organized or sponsored by the Trust; 9. Furnish the Trustees with statistical information, reports, and evaluation of Trust assets, and such other information as the Trustees may require for the management of the Trust; and 10. Evaluate the performance of the Trust, the Administrator and the Custodian and furnish such other information as the Trustees may require for the management of the Trust. Such evaluations and information will be furnished in response to inquiries from Trustees and in responding thereto the Advisor will seek such information, as is appropriate, from the Custodian and from other parties. The Advisor will not undertake extensive independent investigations in order to respond to such inquiries and will therefore not be liable for losses or claims incurred by the Trust arising as a result of problems investigated by the Advisor. 11. In conjunction with the Administrator, provide, upon the request of a Participant of the Trust, individualized advice and consultation to such Participant regarding such Participant's cash management program. 12. Monitor daily and weekly valuations of each series and if the amortized cost value deviates materially from the market value (more than .5%) will consider what action, if any, should be initiated to reasonably eliminate or reduce material dilution or other unfair results to Participants. 13. There shall be established by the Trust an internal control structure to assure compliance with the Declaration of Trust, the Agreements, Trust policies and procedures, and applicable laws and rules. In conjunction with the Trust appointed legal counsel and public accounting firm, provide support and assistance with audits and reviews as required by the Trust.

Service and Duties. The following provisions of this Agreement relate to the functions of the Advisor in its capacity as Advisor: A. The Advisor shall: 1. Supervise continuously the investment program of the Trust, the administration of the investment program, and the composition of its portfolios; 2. Provide investment research, evaluation, and supervision of the Trust's investments; 3. Determine what investment instruments shall be purchased or sold by the Trust; 4. Arrange for the purchase and the sale of investment instruments held in each portfolio of the Trust and the Fixed Term Automated Investment Program; 5. In connection with the purchase of certificates of deposit by the Trust, establish and maintain a list of state banks, national banks, credit unions, savings and loan associations, and savings banks located within Iowa that qualify as depositories of public agencies under Iowa law and meet criteria established or approved by the Trustees of the Trust; 6. Place all orders for the purchase, sale, or exchange of the Trust's assets; 7. Attend all meetings of the Trustees and Participants; 8. Attend, assist with, or conduct workshops, informational meetings or seminars organized or sponsored by the Trust; 9. Furnish the Trustees with statistical information, reports, and evaluation of Trust assets, and such other information as the Trustees may require for the management of the Trust; and 10. Evaluate the performance of the Trust, the Administrator and the Custodian and furnish such other information as the Trustees may require for the management of the Trust. Such evaluations and information will be furnished in response to inquiries from Trustees and in responding thereto the Advisor will seek such information, as is appropriate, from the Custodian and from other parties. The Advisor will not undertake extensive independent investigations in order to respond to such inquiries and will therefore not be liable for losses or claims incurred by the Trust arising as a result of problems investigated by the Advisor. 11. In conjunction with the Administrator, provide, upon the request of a Participant of the Trust, individualized advice and consultation to such Participant regarding such Participant's cash management program. 12. Monitor daily and weekly valuations of each series and if the amortized cost value deviates materially from the market value (more than .5%) will consider what action, if any, should be initiated to reasonably eliminate or reduce material dilution or other unfair results to Participants. 13. There shall be established by the Trust an internal control structure to assure compliance with the Declaration of Trust, the Agreements, Trust policies and procedures, and applicable laws and rules. In conjunction with the Trust appointed legal counsel and public accounting firm, provide support and assistance with audits and reviews as required by the Trust.