Common use of Advisory, Management and Distribution Clause in Contracts

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "Adviser"), every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Section 6. The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "Adviser"“Manager”), every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may provide for one or more subadvisers who shall perform all or part of the obligations of the Manager under such contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold sold, or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's ’s investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "'Adviser"'), every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, . without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Sharesshares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "AdviserAdvisor"), every such contract to comply with such requirements and restrictions as may be set forth in the By-Lawslaws; and any such contract may provide for one or more Sub-advisers who shall perform all or part of the obligations of the Advisor under such contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser Advisor or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Lawslaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "Adviser"), every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Sharesshares, every such contract to comply with such requirements and restrictions as may be set forth in the By-By- Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "AdviserManager"), including, without limitation, Alliance Capital Management, L.P., every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may provide for one or more Sub-advisers who shall perform all or part of the obligations of the Manager under such contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Section 6. The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "Adviser"“Manager”), every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may provide for one or more Sub-advisers who shall perform all or part of the obligations of the Manager under such Contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's ’s investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Section 8 The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "Adviser"“Manager”), every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may provide for one or more subadvisers or other agents who shall perform all or part of the obligations of the Manager under such contract and contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold sold, or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's ’s investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Section 7. Subject to a vote meeting the requirements of the 1940 Actfavorable Majority Shareholder Vote, the Board of Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for with SEI Financial Services Company (the Trust or for “Advisor”), a Pennsylvania corporation, and/or any series or class with any partnership, other corporation, trust, association or other organization (the "Adviser")organization, every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's ’s investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser or any Advisor and/or an other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsByLaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "Adviser"), every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Sharesshares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to approval by the vote of a vote meeting majority of the requirements outstanding voting securities of a series of the Trust to the extent required by the 1940 Act, the Board Trustees may on behalf of Trustees maysuch series, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, a corporation, trust, association or other organization (the "Adviser")organization, every such contract to comply with such requirements and restrictions as may be set forth in the By-By- Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust such series shall be held uninvested, uninvested and to make changes in the Trust's such series' investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser or any other partnership, a corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The Trustees may also in their discretion from time to time enter into transfer agency and/or shareholder service contracts, in each case, with such terms and conditions, and providing for such compensation, as the Trustees may in their discretion deem advisable. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of SECTION 8. The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "AdviserManager"), every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may provide for one or more sub-advisers or other agents who shall perform all or part of the obligations of the Manager under such contract and contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold sold, or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Section 6. The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "AdviserManager"), every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may provide for one or more sub-advisers who shall perform all or part of the obligations of the Manager under such contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold sold, or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Section 6. The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive investment advisory and/or management services for the Trust with Century Capital Management, Inc., a Massachusetts corporation, or for any series or class with any partnership, other corporation, trust, association company or other organization (the "Adviser"), and with other corporations, trusts, companies or other organizations recommended by the Adviser to manage the portfolio securities of a series ("Portfolio Managers"), every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract shall, to the extent required by the 1940 Act, be subject to a favorable Majority Shareholder Vote and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser or any other partnership, corporation, trust, association company or other organizationorganization for administrative services, appointing it or appoint the Adviser or such other corporation, trust, company or other organization exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Section 6. The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "AdviserManager"), every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may provide for one or more sub-advisers who shall perform all or part of the obligations of the Manager under such contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other partnership, corporation, trust, association or other organization, appointing it the exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust with Value Trend Capital Management, LP, a California Limited Partnership or for any series or class with any partnership, corporation, trust, association or other organization (the "Adviser"), every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may provide for one or more sub-advisers who shall perform all or part of the obligations of the Adviser under such contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "AdviserAdvisor"), every such contract to comply with such requirements and restrictions as may be set forth in the By-Lawslaws; and any such contract may provide for one or more Sub-advisers who shall perform all or part of the obligations of the Advisor under such contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser Advisor or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Lawslaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:.

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Section 6. The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "AdviserManager"), every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may provide for one or more sub- advisers who shall perform all or part of the obligations of the Manager under such contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that:

Advisory, Management and Distribution. Subject to a vote meeting the requirements of the 1940 Act, the Board of Section 6. The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services for the Trust or for any series or class with any partnership, corporation, trust, association or other organization (the "AdviserManager"), every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may provide for one or more sub-advisers who shall perform all or part of the obligations of the Manager under such contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes in the Trust's investments. The Board of Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other partnership, corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Board of Trustees may determine. The fact that: