Common use of SERVICES RENDERED AND EXPENSES Clause in Contracts

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 approval review of VALIC and the XX VX 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 the Covered FundFund(s); (iii) the Declaration and Declaration, VC II’s Bylaws of XX XX currently in effect (collectively, the “Charter DocumentsBylaws”); (iv) , each Covered Fund’s registration statement and prospectus, and 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 VX XX Board of Trustees and communicated to the SUB-ADVISER in writing, shall: