Common use of Sub Clause in Contracts

Sub. Advisor or an affiliated person of Sub-Advisor may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor seek to obtain best execution and price within the policy guidelines determined by the Trust's board of trustees and set forth in the Trust's current registration statement; (b) the provisions of the Investment Advisors Act of 1940, as amended (the "Advisors Act"); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's board of trustees, Sub-Advisor or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Advisor's fees for services under this Agreement.

Sub. Advisor or an affiliated person of Sub-Advisor may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor seek to obtain best execution and price within the policy guidelines determined by the Trust's ’s board of trustees and set forth in the Trust's ’s current registration statement; (b) the provisions of the Investment Advisors Act of 1940, as amended (the "“Advisors Act"”); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's ’s board of trustees, Sub-Advisor or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Advisor's ’s fees for services under this Agreement.

Sub. Advisor Adviser or an affiliated person of Sub-Advisor Adviser may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor Adviser seek to obtain best execution and price within the policy guidelines determined by the Trust's board of trustees and set forth in the Trust's current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended (the "Advisors Advisers Act"); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor Adviser under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's board of trustees, Sub-Advisor Adviser or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-AdvisorAdviser's fees for services under this Agreement.

Sub. Advisor Adviser or an affiliated person of Sub-Advisor Adviser may act as broker for the Portfolio Portfolios in connection with the purchase or sale of securities or other investments for the PortfolioPortfolios, subject to: (a) the requirement that Sub-Advisor Adviser seek to obtain best execution and price within the policy guidelines determined by the Trust's Fund’s board of trustees directors and set forth in the Trust's Fund’s current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended (the "Advisors “Advisers Act"”); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor Adviser under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's Fund’s board of trusteesdirectors, Sub-Advisor Adviser or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio Portfolios or the Trust Fund for such services in addition to Sub-Advisor's Adviser’s fees for services under this Agreement.

Sub. Advisor or an affiliated person of Sub-Advisor may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor seek to obtain best execution and price within the policy guidelines determined by the Trust's board of trustees and set forth in the Trust's current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended (the "Advisors Advisers Act"); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's board of trustees, Sub-Advisor or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Advisor's fees for services under this Agreement.

Sub. Advisor or an affiliated person of Sub-Advisor may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor seek to obtain best execution and price within the policy guidelines determined by the Trust's ’s board of trustees and set forth in the Trust's ’s current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended (the "Advisors “Advisers Act"”); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's ’s board of trustees, Sub-Advisor or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Advisor's ’s fees for services under this Agreement.

Sub. Advisor or an affiliated person of Sub-Advisor may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor seek to obtain best execution and price within the policy guidelines determined by the Trust's ’s board of trustees and set forth in the Trust's ’s current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended (the "Advisors “Advisers Act"”); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's ’s board of trustees, Sub-Advisor or its their affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Advisor's ’s fees for services under this Agreement.

Sub. Advisor Adviser or an affiliated person of Sub-Advisor Adviser may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor Adviser seek to obtain best execution and price within the policy guidelines determined by the Trust's board Fund’s Board of trustees Trustees and set forth in the Trust's Fund’s current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended 1940 (the "Advisors “Advisers Act"”); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor Adviser under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's Fund’s board of trusteesTrustees, Sub-Advisor Adviser or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust Fund for such services in addition to Sub-Advisor's Adviser’s fees for services under this Agreement.

Sub. Advisor Advisors or an affiliated person of Sub-Advisor Advisors may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor Advisors seek to obtain best execution and price within the policy guidelines determined by the Trust's board of trustees and set forth in the Trust's current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended (the "Advisors Advisers Act"); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor Advisors under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's board of trustees, Sub-Advisor Advisors or its affiliated theiraffiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Advisor's Advisors' fees for services under this Agreement.

Sub. Advisor or an affiliated person of Sub-Advisor may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor seek to obtain best execution and price within the policy guidelines determined by the Trust's board of trustees and set forth in the Trust's current registration statement; : (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended (the "Advisors Advisers Act"); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's board of trustees, Sub-Advisor or its their affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Advisor's fees for services under this Agreement.

Sub. Advisor Advisors or an affiliated person of Sub-Advisor Advisors may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor Advisors seek to obtain best execution and price within the policy guidelines determined by the Trust's board of trustees and set forth in the Trust's current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended (the "Advisors Advisers Act"); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor Advisors under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's board of trustees, Sub-Advisor Advisors or its their affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Advisor's Advisors' fees for services under this Agreement.

Sub. Advisor or an affiliated person of Sub-Advisor may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor seek to obtain best execution and price within the policy guidelines determined by the Trust's board of trustees and set forth in the Trust's current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended (the "Advisors Advisers Act"); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's board of trustees, Sub-Advisor or its their affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Advisor's fees for services under this Agreement.

Sub. Advisor Adviser or an affiliated person of Sub-Advisor Adviser may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor Adviser seek to obtain best execution and price within the policy guidelines determined by the TrustFund's board Board of trustees Trustees and set forth in the TrustFund's current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended 1940 (the "Advisors ActADVISERS ACT"); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor Adviser under this Agreement. Subject to the requirements of applicable law and any procedures adopted by TrustFund's board of trusteesTrustees, Sub-Advisor Adviser or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust Fund for such services in addition to Sub-AdvisorAdviser's fees for services under this Agreement.

Sub. Advisor Adviser or an affiliated person of Sub-Advisor Adviser may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor Adviser seek to obtain best execution and price within the policy guidelines determined by the Trust's board of trustees and set forth in the Trust's current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended (the "Advisors Advisers Act"); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor Adviser under this Agreement. Subject to the requirements of applicable law lawn and any procedures adopted by Trust's board of trustees, Sub-Advisor Adviser or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-AdvisorAdviser's fees for services under this Agreement.

Sub. Advisor Adviser or an affiliated person of Sub-Advisor Adviser may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor Adviser seek to obtain best execution and price within the policy guidelines determined by the TrustFund's board Board of trustees Trustees and set forth in the TrustFund's current registration statement; (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended 1940 (the "Advisors ADVISERS Act"); (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor Adviser under this Agreement. Subject to the requirements of applicable law and any procedures adopted by TrustFund's board of trusteesTrustees, Sub-Advisor Adviser or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust Fund for such services in addition to Sub-AdvisorAdviser's fees for services under this Agreement.

Sub. Advisor or an affiliated person of Sub-Advisor may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (a) the requirement that Sub-Advisor seek to obtain best execution and price within the policy guidelines determined by the Trust's ’s board of trustees and set forth in the Trust's ’s current registration statement; : (b) the provisions of the Investment Advisors Advisers Act of 1940, as amended (the "Advisors “Advisers Act"); ”): (c) the provisions of the Securities Exchange Act of 1934, as amended; and (d) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Advisor under this Agreement. Subject to the requirements of applicable law and any procedures adopted by Trust's ’s board of trustees, Sub-Advisor or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Advisor's ’s fees for services under this Agreement.