Common use of Services as Administrator Clause in Contracts

Services as Administrator. Subject to the supervision and direction of the Board, the Administrator shall (a) assist in supervising all aspects of the Fund’s operations except those performed by the Administrator under its Investment Advisory Agreement with the Company on behalf of the Fund; (b) supply the Fund with office facilities (which may be in the Administrator’s own offices), statistical and research data, data processing services, clerical, accounting and bookkeeping services, including, but not limited to, the calculation of (i) the net asset value of shares of the Fund, (ii) any applicable contingent deferred sales charges and similar fees and charges and (iii) distribution fees, internal auditing and legal services, internal executive and administrative services, and stationery and office supplies; and (c) prepare reports to shareholders of the Fund, tax returns and reports to and filings with the Securities and Exchange Commission (the “SEC”) and state Blue Sky authorities.

Services as Administrator. Subject to the supervision and direction of the Board, the Administrator shall SBFM or its agent will: (a) assist in supervising all aspects of the Fund’s operations except those performed by the Administrator Fund’s investment adviser under its Investment Advisory Agreement with the Company on behalf of the Fundinvestment advisory agreement; (b) supply the Fund with office facilities (which may be in the AdministratorSBFM’s own offices), statistical and research data, data processing services, clerical, accounting and bookkeeping services, including, but not limited to, the calculation of (i) the net asset value of shares of the Fund, (ii) any applicable contingent deferred sales charges and similar fees and charges and (iii) distribution fees, internal auditing and legal services, internal executive and administrative services, and stationery stationary and office supplies; and (c) prepare reports to shareholders of the Fund, tax returns and reports to and filings with the Securities and Exchange Commission (the “SEC”) and state Blue Sky blue sky authorities.

Services as Administrator. Subject to the supervision and direction of the Board, the Administrator shall SBMFM will: (a) assist in supervising all aspects of the Fund’s operations except those performed by the Administrator Fund’s investment adviser under its Investment Advisory Agreement with the Company on behalf of the Fundinvestment advisory agreement; (b) supply the Fund with office facilities (which may be in the AdministratorSBMFM’s own offices), statistical and research data, data processing services, clerical, accounting and bookkeeping services, including, but not limited to, the calculation of (i) the net asset value of shares of the Fund, (ii) any applicable contingent deferred sales charges and similar fees and charges and (iii) distribution fees, internal auditing and legal services, internal executive and administrative services, and stationery stationary and office supplies; and (c) prepare reports to shareholders of the Fund, tax returns and reports to and filings with the Securities and Exchange Commission (the “SEC”) and state Blue Sky blue sky authorities.