Common use of Status of Advisor Clause in Contracts

Status of Advisor. The services of the Advisor to the Fund and Trust are not to be deemed exclusive, and the Advisor shall be free to render similar services to others so long as its services to the Fund and Trust are not impaired thereby; provided, however, that without the written consent of the Trust’s Board of Trustees, the Advisor will not serve as investment advisor to any other investment company having a similar investment strategy to that of the Fund. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed an agent of the Fund or Trust. Nothing in this Agreement shall limit or restrict the right of any director, officer, or employee of the Advisor, who may also be a trustee, officer, or employee of the Trust, to engage in any other business or to devote his or her time and attention in part to the management or other aspects of any other business, whether of a similar nature or a dissimilar nature.

Appears in 21 contracts

Samples: Investment Advisory Agreement (Starboard Investment Trust), Investment Advisory Agreement (Starboard Investment Trust), Investment Advisory Agreement (Starboard Investment Trust)

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Status of Advisor. The services of the Advisor to the Fund and Trust are not to be deemed exclusive, and the Advisor shall be free to render similar services to others so long as its services to the Fund and Trust are not impaired thereby; provided, however, that without the providing written consent of notice to the Trust’s Board of Trustees, the Advisor will not serve as investment advisor to any other registered investment company having a similar investment strategy to that of the Fund. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed an agent of the Fund or Trust. Nothing in this Agreement shall limit or restrict the right of any director, officer, or employee of the Advisor, who may also be a trustee, officer, or employee of the Trust, to engage in any other business or to devote his or her time and attention in part to the management or other aspects of any other business, whether of a similar nature or a dissimilar nature.

Appears in 17 contracts

Samples: Investment Advisory Agreement (Starboard Investment Trust), Investment Advisory Agreement (Starboard Investment Trust), Investment Advisory Agreement (Starboard Investment Trust)

Status of Advisor. The services of the Advisor to the Fund Funds and Trust are not to be deemed exclusive, and the Advisor shall be free to render similar services to others so long as its services to the Fund Funds and Trust are not impaired thereby; provided, however, that without the providing written consent of notice to the Trust’s Board of Trustees, the Advisor will not serve as investment advisor to any other registered investment company having a similar investment strategy to that of the each Fund. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or the Fund Funds in any way or otherwise be deemed an agent of the Fund Funds or Trust. Nothing in this Agreement shall limit or restrict the right of any director, officer, or employee of the Advisor, who may also be a trustee, officer, or employee of the Trust, to engage in any other business or to devote his or her time and attention in part to the management or other aspects of any other business, whether of a similar nature or a dissimilar nature.

Appears in 6 contracts

Samples: Investment Advisory Agreement (Starboard Investment Trust), Investment Advisory Agreement (Starboard Investment Trust), Investment Advisory Agreement (Starboard Investment Trust)

Status of Advisor. The services of the Advisor to the Fund Funds and Trust are not to be deemed exclusive, and the Advisor shall be free to render similar services to others so long as its services to the Fund Funds and Trust are not impaired thereby; provided, however, that without the providing written consent of notice to the Trust’s 's Board of Trustees, the Advisor will not serve as investment advisor to any other registered investment company having a similar investment strategy to that of the each Fund. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or the Fund Funds in any way or otherwise be deemed an agent of the Fund Funds or Trust. Nothing in this Agreement shall limit or restrict the right of any director, officer, or employee of the Advisor, who may also be a trustee, officer, or employee of the Trust, to engage in any other business or to devote his or her time and attention in part to the management or other aspects of any other business, whether of a similar nature or a dissimilar nature.

Appears in 4 contracts

Samples: Investment Advisory Agreement (Starboard Investment Trust), Investment Advisory Agreement (Leeward Investment Trust), Investment Advisory Agreement (Starboard Investment Trust)

Status of Advisor. The services of the Advisor to the Fund Funds and Trust are not to be deemed exclusive, and the Advisor shall be free to render similar services to others so long as its services to the Fund Funds and Trust are not impaired thereby; provided, however, that without the written consent of the Trust’s 's Board of Trustees, the Advisor will not serve as investment advisor to any other investment company having a similar investment strategy to that of the FundFunds. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or the Fund Funds in any way or otherwise be deemed an agent of the Fund Funds or Trust. Nothing in this Interim Agreement shall limit or restrict the right of any director, officer, or employee of the Advisor, who may also be a trustee, officer, or employee of the Trust, to engage in any other business or to devote his or her time and attention in part to the management or other aspects of any other business, whether of a similar nature or a dissimilar nature.

Appears in 2 contracts

Samples: Interim Investment Advisory Agreement (Starboard Investment Trust), Interim Investment Advisory Agreement (Starboard Investment Trust)

Status of Advisor. The services of the Advisor to the Fund and Trust are not to be deemed exclusive, and the Advisor shall be free to render similar services to others so long as its services to the Fund and Trust are not impaired thereby; provided, however, that without the written consent of the Trust’s Board of Trustees, the Advisor will not serve as investment advisor to any other investment company having a similar investment strategy to that of the Fund. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed an agent of the Fund or Trust. Nothing in this Interim Agreement shall limit or restrict the right of any director, officer, or employee of the Advisor, who may also be a trustee, officer, or employee of the Trust, to engage in any other business or to devote his or her time and attention in part to the management or other aspects of any other business, whether of a similar nature or a dissimilar nature.

Appears in 2 contracts

Samples: Interim Investment Advisory Agreement (Starboard Investment Trust), Interim Investment Advisory Agreement (Starboard Investment Trust)

Status of Advisor. The services of the Advisor to the Fund and Trust are not to be deemed exclusive, and the Advisor shall be free to render similar services to others so long as its services to the Fund and Trust are not impaired thereby; provided, however, that without the written consent of the Trust’s 's Board of Trustees, the Advisor will not serve as investment advisor to any other investment company having a similar investment strategy to that of the Fund. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed an agent of the Fund or Trust. Nothing in this Agreement shall limit or restrict the right of any director, officer, or employee of the Advisor, who may also be a trustee, officer, or employee of the Trust, to engage in any other business or to devote his or her time and attention in part to the management or other aspects of any other business, whether of a similar nature or a dissimilar nature.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Starboard Investment Trust), Investment Advisory Agreement (Starboard Investment Trust)

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Status of Advisor. The services of the Advisor to the Fund and Trust are not to be deemed exclusive, and the Advisor shall be free to render similar services to others so long as its services to the Fund and Trust are not impaired thereby; provided, however, that without the providing written consent of notice to the Trust’s 's Board of Trustees, the Advisor will not serve as investment advisor to any other registered investment company having a similar investment strategy to that of the Fund. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed an agent of the Fund or Trust. Nothing in this Agreement shall limit or restrict the right of any director, officer, or employee of the Advisor, who may also be a trustee, officer, or employee of the Trust, to engage in any other business or to devote his or her time and attention in part to the management or other aspects of any other business, whether of a similar nature or a dissimilar nature.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Starboard Investment Trust), Investment Advisory Agreement (Vertical Capital Investors Trust)

Status of Advisor. The services of the Advisor to the Fund and Trust are not to be deemed exclusive, and the Advisor shall be free to render similar services to others so long as its services ser.vices to the Fund and Trust are not impaired thereby; provided, however, that without the written consent of the Trust’s 's Board of Trustees, the Advisor will not serve as investment advisor to any other investment company having a similar investment strategy to that of the Fund. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed an agent of the Fund or Trust. Nothing in this Agreement shall limit or restrict the right of any director, officer, or employee of the Advisor, who may also be a trustee, officer, or employee of the Trust, to engage in any other business or to devote his or her time and attention in part to the management or other aspects of any other business, whether of a similar nature or a dissimilar nature.

Appears in 1 contract

Samples: Investment Advisory Agreement (Starboard Investment Trust)

Status of Advisor. The services of the Advisor to the Fund and Trust are not to be deemed exclusive, and the Advisor shall be free to render similar services to others so long as its services to the Fund and Trust are not impaired thereby; provided, however, that without the written consent of the Trust’s Board of TrusteesDirectors, the Advisor will not serve as investment advisor to any other investment company having a similar investment strategy to that of the Fund. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed an agent of the Fund or Trust. Nothing in this Agreement shall limit or restrict the right of any director, officer, or employee of the Advisor, who may also be a Director or officer of the Fund or a trustee, officer, or employee of the Trust, to engage in any other business or to devote his or her time and attention in part to the management or other aspects of any other business, whether of a similar nature or a dissimilar nature.

Appears in 1 contract

Samples: Investment Advisory Agreement (Starboard Investment Trust)

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