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 accounting and administrative services in connection with the operations of the Portfolios. The Administrator shall provide the Directors of the Fund with such reports regarding investment performance and compliance with investment policies and applicable laws, rules and regulations as they may reasonably request but shall have no responsibility for supervising the performance of any investment adviser or sub-adviser, including any investment adviser's or sub-adviser's compliance with applicable investment policies and applicable laws, rules and regulations governing investments of the Portfolios. The Administrator may sub-contract with third parties to perform certain of the services to be performed by the Administrator hereunder; provided, however, that the Administrator shall remain principally responsible to the Fund for the acts and omissions of such other entities. The Administrator shall provide the Fund with administrative services, regulatory reporting, fund accounting and related portfolio accounting services, all necessary office space, equipment, personnel, compensation and facilities (including facilities for Shareholders' and Directors' meetings) for handling the affairs of the Portfolios and such other services as the Directors may, from time to time, reasonably request and the Administrator shall, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, as reasonably requested by the Fund's Board of Directors (the "Directors"), the Administrator shall make reports to the Directors concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, with respect to each Portfolio, the Administrator shall:

Administrative and Accounting Services. The Administrator shall perform or supervise the performance by others of accounting and administrative services in connection with the operations of the Portfolios. The Administrator shall provide the Directors board of directors of the Fund with such reports regarding investment performance and compliance with investment policies and applicable laws, rules and regulations as they may reasonably request but shall have no responsibility for supervising the performance of any investment adviser or sub-adviser, including any investment adviser's or sub-adviser's compliance with applicable investment policies and applicable laws, rules and regulations governing investments of the Portfolios. The Administrator may sub-contract with third parties to perform certain of the services to be performed by the Administrator hereunder; provided, however, that the Administrator shall remain principally responsible to the Fund for the acts and omissions of such other entities. The Administrator shall provide the Fund with administrative services, regulatory reporting, fund accounting and related portfolio accounting services, all necessary office space, equipment, personnel, compensation and facilities (including facilities for Shareholders' and Directorsboard of directors' meetings) for handling the affairs of the Portfolios and such other services as the Directors board of directors may, from time to time, reasonably request and the Administrator shall, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, as reasonably requested by the Fund's Board of Directors (the "Directors"), the Administrator shall make reports to the Directors concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, with respect to each Portfolio, the Administrator shall:

Administrative and Accounting Services. The Administrator shall perform or supervise the performance by others of accounting and other administrative services in connection with the operations of the Portfolios, and, on behalf of the Fund, will investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Portfolios’ operations. All services provided hereunder shall be in conformity with the Articles of Incorporation, Bylaws, resolutions and other instructions of the Board of Directors (the “Board” and the members of which are referred to as “Directors”) and the current prospectus(es) and statement(s) of additional information of the Fund. The Administrator agrees to furnish the services set forth herein in return for the compensation provided in Article 4 of this Agreement. The Administrator shall provide the Directors of the Fund with such reports regarding investment performance and compliance with investment policies and applicable laws, rules and regulations as they may reasonably request but shall have no responsibility for supervising the performance of by any investment adviser or sub-adviseradviser of its responsibilities, including any investment adviser's or sub-adviser's except with respect to the Portfolios’ compliance with applicable investment policies objective and applicable laws, rules and regulations governing investments of the Portfoliospolicies. The Administrator may sub-contract with third parties to perform certain of the services to be performed by the Administrator hereunder; provided, however, that the Administrator shall remain principally responsible to the Fund for the acts and omissions of such other entities. The Administrator or its appointed service provider shall provide the Fund Directors with administrative services, regulatory reporting, fund accounting and related portfolio accounting servicesservices as set forth on Schedule II of this Agreement, all necessary office space, equipment, personnel, compensation and facilities (including facilities for Shareholders' shareholders’ and Directors' Fund meetings) for handling the affairs of the Portfolios and such other services as the Directors Fund may, from time to time, reasonably request and the Administrator shall, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, as reasonably requested by at the Fund's Board request of Directors (the "Directors")Board, the Administrator shall make reports to the Directors Fund concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, with respect to each Portfolio, the Administrator or its appointed service provider shall:

Administrative and Accounting Services. The Administrator shall perform or supervise the performance by others of accounting and administrative services in connection with the operations of the Portfolios. The Administrator shall provide the Directors of the Fund Company with such reports regarding investment performance and compliance with investment policies and applicable laws, rules and regulations as they may reasonably request but shall have no responsibility for supervising the performance of any investment adviser or sub-adviser, including any investment adviser's or sub-adviser's compliance with applicable investment policies and applicable laws, rules and regulations governing investments of the Portfolios. The Administrator may sub-contract with third parties to perform certain of the services to be performed by the Administrator hereunder; provided, however, that the Administrator shall remain principally responsible to the Fund Company for the acts and omissions of such other entities. The Administrator shall provide the Fund Company with administrative services, regulatory reporting, fund accounting and related portfolio accounting services, all necessary office space, equipment, personnel, compensation and facilities (including facilities for Shareholders' and Directors' meetings) for handling the affairs of the Portfolios and such other services as the Directors may, from time to time, reasonably request and the Administrator shall, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, as reasonably requested by the FundCompany's Board of Directors (the "Directors"), the Administrator shall make reports to the Directors concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, with respect to each Portfolio, the Administrator shall:

Administrative and Accounting Services. The Administrator shall perform or supervise the performance by others of accounting and administrative services in connection with the operations of the Portfolios. The Administrator shall provide the Directors Trustees of the Fund Trust with such reports regarding investment performance and compliance with investment policies and applicable laws, rules and regulations as they may reasonably request but shall have no responsibility for supervising the performance of any investment adviser or sub-adviser, including any investment but not limited to any such adviser's or sub-adviser's compliance with applicable investment policies and applicable laws, rules and regulations governing investments of the Portfolios. The Administrator may sub-contract with third parties to perform certain of the services to be performed by the Administrator hereunder; provided, however, that the Administrator shall remain principally responsible to the Fund Trust for the acts and omissions of such other entities. The Administrator shall provide the Fund Trust with administrative services, regulatory reporting, fund accounting and related portfolio accounting services, all necessary office space, equipment, personnel, compensation and facilities (including facilities for Shareholders' and DirectorsTrustees' meetings) for handling the affairs of the Portfolios and such other services as the Directors Trustees may, from time to time, reasonably request and the Administrator shall, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, as reasonably requested by the FundTrust's Board of Directors Trustees (the "DirectorsTrustees"), the Administrator shall make reports to the Directors Trustees concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, with respect to each Portfolio, the Administrator shall:

Administrative and Accounting Services. The Administrator shall perform or supervise the performance by others of accounting and other administrative services in connection with the operations of the Portfolios, and, on behalf of the Fund, will investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Portfolios' operations. The Administrator shall provide the Directors of the Fund with such reports regarding investment performance and compliance with investment policies and applicable laws, rules and regulations as they may reasonably request but shall have no responsibility for supervising the performance of by any investment adviser or sub-adviser, including any investment adviser's or sub-adviser's compliance with applicable investment policies and applicable laws, rules and regulations governing investments adviser of the Portfoliosits responsibilities. The Administrator may appoint a sub-contract with third parties administrator to perform certain of the services to be performed by the Administrator hereunder; provided, however, that the Administrator shall remain principally responsible to the Fund for the acts and omissions of such other entities. The Administrator shall provide the Fund with administrative services, regulatory reporting, fund accounting and related portfolio accounting services, all necessary office space, equipment, personnel, compensation and facilities (including facilities for Shareholders' and Directors' meetings) for handling the affairs of the Portfolios and such other services as the Directors may, from time to time, reasonably request and the Administrator shall, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, as reasonably requested by at the Fund's request of the Board of Directors (the "Directors"), the Administrator shall make reports to the Directors concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, with respect to each Portfolio, the Administrator shall:

Administrative and Accounting Services. The Administrator shall perform or supervise the performance by others of accounting and other administrative services in connection with the operations of the Portfolios, and, on behalf of the Fund, will investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Portfolios' operations. The Administrator shall provide the Directors of the Fund with such reports regarding investment performance and compliance with investment policies and applicable laws, rules and regulations as they may reasonably request but shall have no responsibility for supervising the performance of by any investment adviser or sub-adviser, including any investment adviser's or sub-adviser's compliance with applicable investment policies and applicable laws, rules and regulations governing investments adviser of the Portfoliosits responsibilities. The Administrator may sub-contract with third parties appoint a sub- administrator to perform certain of the services to be performed by the Administrator hereunder; provided, however, that the Administrator shall remain principally responsible to the Fund for the acts and omissions of such other entities. The Administrator shall provide the Fund with administrative services, regulatory reporting, fund accounting and related portfolio accounting services, all necessary office space, equipment, personnel, compensation and facilities (including facilities for Shareholders' and Directors' meetings) for handling the affairs of the Portfolios and such other services as the Directors may, from time to time, reasonably request and the Administrator shall, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, as reasonably requested by at the Fund's request of the Board of Directors (the "Directors"), the Administrator shall make reports to the Directors concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, with respect to each Portfolio, the Administrator shall: