Common use of Services as Administrator Clause in Contracts

Services as Administrator. Subject to the supervision and direction of the Board of Directors of the Company, SBAM will (a) assist in supervising all aspects of the Funds' operations except those performed by the Funds' Adviser under their investment advisory agreements; (b) supply the Funds with office facilities (which may be SBAM's own offices) for providing its services under this agreement, statistical and research data, data processing services, clerical, accounting and bookkeeping services, including but not limited to, the calculation of the net asset value of shares of the Funds, the calculation of applicable contingent deferred sales charges and similar fees and charges, the calculation of distribution fees, internal auditing and legal services, internal executive and administrative services, and stationary and office supplies; and (c) prepare Board materials reports to the shareholders of the Funds, tax returns and reports to and filings with the Securities and Exchange Commission and state blue sky authorities.

Services as Administrator. Subject to the supervision and direction of the Board of Directors of the Company, SBAM will (a) assist in supervising all aspects of the Funds' Fund's operations except those performed by the Funds' Adviser SBAM under their its investment advisory agreementsagreement with respect to the Fund; (b) supply the Funds Fund with office facilities (which may be SBAM's own offices) for providing its services under this agreementAgreement, statistical and research data, data processing services, clerical, accounting and bookkeeping services, including but not limited to, the calculation of the net asset value of shares of the FundsFund, the calculation of applicable contingent deferred sales charges and similar fees and charges, the calculation of distribution fees, internal auditing and legal services, internal executive and administrative services, and stationary and office supplies; and (c) prepare Board materials materials, reports to the shareholders of the FundsFund, tax returns and reports to and filings with the Securities and Exchange Commission and state blue sky authorities.