Common use of Administrative and Accounting Services Clause in Contracts

Administrative and Accounting Services. The Administrator shall perform or supervise the performance by others of the accounting and administrative services set forth in Schedule II hereto. In performing its duties under this Agreement, the Administrator will act in all material respects in accordance with each Fund's governing documents, including each Fund's Prospectus (collectively the "governing documents") as they may be amended (provided copies are delivered to the Administrator). The Administrator (i) shall not have or be required to have any authority to supervise the investment or reinvestment of the securities or other properties which comprise the assets of any Fund and (ii) shall not provide any investment advisory services to the Funds, and shall have no liability related to the foregoing. The Administrator shall provide the Funds with all necessary office space, equipment, personnel, compensation and facilities (including facilities for meetings of Members and the Board of Managers) for providing the services identified in Schedule II. The Administrator may sub-contract with third parties to perform certain of the services required to be performed by the Administrator hereunder, with the each Fund's consent; provided, however, that the Administrator shall remain fully responsible to the Funds for the acts and omissions of such other entities. Notwithstanding the foregoing, each Fund acknowledges and consents that the Administrator may outsource transfer agency services necessary to perform its duties under this Agreement. In meeting its duties hereunder, the Administrator shall have the general authority to do all acts deemed in the Administrator's good faith belief to be necessary and proper to perform its obligations under this Agreement.

Administrative and Accounting Services. The Administrator shall perform or supervise the performance by others of the accounting and administrative services set forth in Schedule II heretoA hereto (the "Services"). In performing its duties under this Agreement, the Administrator will act in all material respects in accordance with each the Fund's governing documentsdocuments and prospectus, including each Fund's Prospectus (collectively the "governing documents") statement of additional information and related documents as they may be amended (provided copies are delivered to the Administrator)) and applicable law. The Administrator (i) shall not have or be required to have any authority to supervise the investment or reinvestment of the securities or other properties which comprise the assets of any the Fund under this Agreement and (ii) shall not provide any investment advisory services to the FundsFund under this Agreement, and shall have no liability related to the foregoingforegoing hereunder. The Administrator shall provide the Funds Fund with all necessary office space, equipment, personnel, compensation and facilities (including facilities for meetings of Members Shareholders' and the Board of ManagersTrustees' meetings) for providing the services identified in Schedule IIServices. The Administrator may sub-contract with third parties to perform certain any or all of the services Services required to be performed by the Administrator hereunder, with the each Fund's consent; provided, however, that the Administrator shall remain fully responsible to the Funds Fund for the acts and omissions of such other entitiesentities to the same extent as if the services were performed by the Administrator. Notwithstanding Subject to the foregoing, each Fund acknowledges and consents that the Administrator may outsource transfer agency services necessary to perform its duties under limitations contained in this Agreement. In Article in meeting its duties hereunder, the Administrator shall have the general authority to do all acts deemed in the Administrator's reasonable good faith belief to be necessary and proper to perform its obligations under this Agreement.

Administrative and Accounting Services. The Administrator shall perform or supervise the performance by others of the accounting and administrative services set forth in Schedule II A hereto. In performing its duties under this Agreement, the Administrator will act in all material respects in accordance with each the Fund's governing documents, including each the Fund's Prospectus (collectively the "governing documents") as they may be amended (provided copies are delivered to the Administrator). The Administrator (i) shall not have or be required to have any authority to supervise the investment or reinvestment of the securities or other properties which comprise the assets of any the Fund and (ii) shall not provide any investment advisory services to the FundsFund, and shall have no liability related to the foregoing. The Administrator shall provide the Funds Fund with all necessary office space, equipment, personnel, compensation and facilities (including facilities for meetings of Members and the Board of Managers) for providing the services identified in Schedule II. A. The Administrator may sub-contract with third parties to perform certain of the services required to be performed by the Administrator hereunder, with the each Fund's consent; provided, however, that the Administrator shall remain fully responsible to the Funds Fund for the acts and omissions of such other entities. Notwithstanding the foregoing, each Fund acknowledges and consents that the Administrator may outsource transfer agency services necessary to perform its duties under this Agreement. In meeting its duties hereunder, the Administrator shall have the general authority to do all acts deemed in the Administrator's good faith belief to be necessary and proper to perform its obligations under this Agreement.