Common use of ACTIVITIES OF THE ADVISOR Clause in Contracts

ACTIVITIES OF THE ADVISOR. The services of the Advisor to the Series hereunder are not to be deemed exclusive, and the Advisor shall be free to render similar services to others. Subject to and in accordance with the Declaration of Trust and the Bylaws of the Trust and to Section 10(a) of the Investment Company Act of 1940, it is understood that trustees, officers, agents and shareholders of the Trust are or may be interested in the Advisor as directors, officers or shareholders of the Advisor, that directors, officers, agents or shareholders of the Advisor are or may be interested in the Trust as trustees, officers, shareholders or otherwise, that the Advisor is or may be interested in the Trust as a shareholder or otherwise, and that the effect of any such interest shall be governed by the Trust's Declaration of Trust, its Bylaws and the Investment Company Act of 1940.

ACTIVITIES OF THE ADVISOR. The services of the Advisor to the Series hereunder are not to be deemed exclusive, and the Advisor shall be free to render similar services to others. Subject to and in accordance with the Declaration Articles of Trust Incorporation and the Bylaws of the Trust Company and to Section 10(a) of the Investment Company Act of 1940, it is understood that trusteesdirectors, officers, agents and shareholders of the Trust Company are or may be interested in the Advisor as directors, officers or shareholders of the Advisor, that directors, officers, agents or shareholders of the Advisor are or may be interested in the Trust Company as trusteesdirectors, officers, shareholders or otherwise, that the Advisor is or may be interested in the Trust Company as a shareholder or otherwise, and that the effect of any such interest shall be governed by the TrustCompany's Declaration Articles of TrustIncorporation, its Bylaws and the Investment Company Act of 1940.