SERVICES RENDERED AND EXPENSES. PAID BY THE SUB-ADVISER The SUB-ADVISER, subject to the control, direction, and supervision of VALIC and VC I's Board of Directors and in material conformity with the 1940 Act, all applicable laws and regulations thereunder, all other applicable federal and state securities and tax laws and regulations, including section 817(h) and Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), VC I's Articles, Bylaws, registration statements, prospectus and stated investment objectives, policies and restrictions and any applicable procedures adopted by VC I's Board of Directors and provided to the SUB-ADVISER in writing, shall:
SERVICES RENDERED AND EXPENSES. Paid by the Administrator. The Administrator, subject to the control, direction and supervision of the Board of Trustees of the Trust and in conformity with applicable laws, this Agreement, the Trust's Declaration of Trust, By-Laws, registration statement and amendments thereto, prospectus and statement of additional information, as in effect from time to time, and stated investment objectives, policies and restrictions, shall, as directed by the Trust from time to time, at its own expense perform as administrative services for each of the Trust such of the following as the Company shall designate:
SERVICES RENDERED AND EXPENSES. PAID BY THE SUB-ADVISER The SUB-ADVISER, subject to the control, direction, and supervision of VALIC and NAF Variable's Board of Directors and in material conformity with the 1940 Act, all applicable laws and regulations thereunder, all other applicable federal and state securities and tax laws and regulations, including section 817(h) and Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), NAF Variable's Articles, Bylaws, registration statements, prospectus and stated investment objectives, policies and restrictions and any applicable procedures adopted by NAF Variable's Board of Directors and provided to the SUB-ADVISER in writing shall:
SERVICES RENDERED AND EXPENSES. Paid by the SUB-ADVISER The SUB-ADVISER, subject to the supervision and approval of VALIC and the XX XX Board of Trustees and in conformity with (i) the 1940 Act, and all applicable laws and regulations thereunder, (ii) all other applicable federal laws and regulations, including section 817(h) of the Internal Revenue Code of 1986, as amended (the “Code”), and all applicable state laws and regulations that VALIC notifies the SUB-ADVISER are applicable to the investment management of a Covered Fund; (iii) the Declaration and Bylaws of XX XX currently in effect (collectively, the “Charter Documents”); (iv) the investment objectives, policies and restrictions stated in each Covered Fund’s prospectus and statement of additional information; and (iv) any applicable procedures adopted by the XX XX Board of Trustees and communicated to the SUB-ADVISER in writing, shall:
SERVICES RENDERED AND EXPENSES. Paid by the SUB-ADVISER The SUB-ADVISER, subject to the supervision and review of VALIC and the Board and in conformity with the 1940 Act, all applicable laws and regulations thereunder, and all other applicable federal and state securities and tax laws and regulations, including section 817(h) and Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), the Declaration, VC II’s Bylaws (the “Bylaws”), each Covered Fund’s registration statement, prospectus, and stated investment objectives, policies and restrictions and any applicable procedures adopted by the Board and provided to the SUB-ADVISER, shall:
SERVICES RENDERED AND EXPENSES. PAID BY THE SUB-ADVISER The SUB-ADVISER, subject to the control, direction, and supervision of VALIC and the FUND's Board of Trustees and in conformity with the 1940 Act, all applicable laws and regulations thereunder, all other applicable federal and state laws and regulations, including section 817(h) of the Internal Revenue Code of 1986, as amended (the "Code"), the FUND's Declaration, Bylaws, registration statements, prospectus and stated investment objectives, policies and restrictions and any applicable procedures adopted by the FUND's Board of Trustees shall:
SERVICES RENDERED AND EXPENSES. PAID BY THE SUB-ADVISER The SUB-ADVISER, subject to the control, direction, and supervision of VALIC and VC I's Board of Directors and in material conformity with the 1940 Act, all applicable laws and regulations thereunder, all other applicable federal and state securities and tax laws and regulations, including section 817(h) and Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), VC I's Articles, Bylaws, registration statements, prospectuses and stated investment objectives, policies and restrictions and any applicable procedures adopted by VC I's Board of Directors and provided to the SUB-ADVISER (provided, however that to the extent the SUB-ADVISER does not manage the entire portfolio of the Covered Funds, such conformity shall be measured only with respect to that portion of each Covered Fund's portfolio managed by the SUB-ADVISER) shall:
SERVICES RENDERED AND EXPENSES. PAID BY THE SUB-ADVISER The SUB-ADVISER, subject to the control, direction, and supervision of VALIC and the XX XX Board of Trustees and in material conformity with the 1940 Act, all applicable laws and regulations thereunder, all other applicable federal and state securities and tax laws and regulations, including section 817(h) and Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), the XX XX Declaration, Bylaws, registration statements, prospectus and stated investment objectives, policies and restrictions and any applicable procedures adopted by the XX XX Board of Trustees and provided to the SUB-ADVISER in writing, shall:
SERVICES RENDERED AND EXPENSES. Paid by ADVISER The ADVISER, subject to the control, direction and supervision of the TRUST's Trustees and in conformity with applicable laws, the TRUST's Agreement and Declaration of Trust ("Declaration of Trust"), Bylaws, registration statement, prospectus and the stated investment objectives, policies and restrictions of each Portfolio, shall:
SERVICES RENDERED AND EXPENSES. PAID BY THE SUB-ADVISER The SUB-ADVISER, subject to the control, direction, and supervision of VALIC and the NAFV II Board of Trustees and in conformity with the 1940 Act, all applicable laws and regulations thereunder, all other applicable federal and state laws and regulations, including section 817(h) of the Internal Revenue Code of 1986, as amended (the "Code"), the NAFV II Declaration, Bylaws, registration statements, prospectus and stated investment objectives, policies and restrictions and any applicable procedures adopted by the NAFV II Board of Trustees shall:
