Common use of Status of the Manager Clause in Contracts

Status of the Manager. The services of the Manager to the Trust or in respect of the Series, are not to be deemed exclusive, and the Manager shall be free to render similar services to others as long as its services to the Trust or in respect of the Series, are not impaired thereby. The Manager 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 in any way or otherwise be deemed an agent of the Trust.

Status of the Manager. The services of the Manager to the Trust Trust, or in with respect of to the Series, are not to be deemed exclusive, and the Manager shall be free to render similar services to others others, as long as its services to the Trust or in respect of to the Series, Series are not impaired thereby. The Manager 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 in any way way, or otherwise be deemed an agent of the Trust.