Common use of Third Parties; Affiliates Clause in Contracts

Third Parties; Affiliates. The Administrator may delegate to, or sub-contract with, third parties or affiliates administrative or other functions it deems necessary to perform its obligations under this Agreement; provided the Administrator procures that each such delegate or sub-contractor shall agree to abide by confidentiality obligations which are substantively similar to the confidentiality obligations as set forth herein, and all fees and expenses incurred in any delegation or sub-contract shall be paid by the Administrator and the Administrator shall remain responsible to the Trust for the acts and omissions of such other entities as if such acts or omissions were the acts or omissions of the Administrator. The Trust acknowledges that during the term of this Agreement, the services to be performed by the Administrator may be completed by one or more of the Administrator's affiliates or third parties located in or outside of the United States of America. The Administrator agrees to monitor the performance of each delegate and sub- contractor on an ongoing basis and to review each delegate's and sub-contractor's fitness to provide the delegated or sub-contracted services. Upon request from the Investment Adviser, the Administrator agrees to provide a full list of delegates and sub- contractors involved in the provision of the Services, together with details of the services each performs.

Third Parties; Affiliates. The Administrator may delegate to, or sub-contract with, third parties or affiliates administrative or other functions it deems necessary to perform its obligations under this Agreement; provided provided, the Administrator procures that each such delegate or sub-contractor shall agree to abide by confidentiality obligations which are substantively similar to no less protective of the Funds’ confidential information than the confidentiality obligations as set forth herein, and all fees and expenses incurred in any delegation or sub-contract shall be paid by the Administrator and the Administrator shall remain responsible to the Trust Funds for the acts and omissions of such other entities as if such acts or omissions were the acts or omissions of the Administrator. The Trust Each Fund acknowledges that during the term of this Agreement, the services to be performed by the Administrator may be completed by one or more of the Administrator's ’s affiliates or third parties located in or outside of the United States of America. The Administrator agrees to monitor the performance of each delegate and sub- sub-contractor on an ongoing basis and to review each delegate's ’s and sub-contractor's ’s fitness to provide the delegated or sub-contracted services. Upon request from the a Fund or Investment Adviser, the Administrator agrees to provide a full list of delegates and sub- sub-contractors involved in the provision of the Services, together with a schedule of services details of the services each performs.. SEI – 296447