Common use of Service to Other Companies or Accounts Clause in Contracts

Service to Other Companies or Accounts. The Fund understands that Counsellors Service now acts, will continue to act and may act in the future as administrator, co-administrator or administrative services agent to one or more other investment companies, and the Fund has no objection to Counsellors Service's so acting. The Fund understands that the persons employed by Counsellors Service to assist in the performance of Counsellors Service's duties hereunder will not devote their full time to such service and nothing contained in this Agreement shall be deemed to limit or restrict the right of Counsellors Service or any affiliate of Counsellors Service to engage in and devote time and attention to other businesses or to render services of whatever kind or nature.