APPOINTMENT AND OBLIGATIONS OF THE ADVISER. Subject to the terms and conditions of this Agreement and the policies and control of the Fund's Board of Directors (the "Board"), the Fund, on behalf of the Series, hereby appoints the Adviser to serve as the investment adviser to the Series, to provide the investment advisory services set forth below in Section II. The Adviser agrees that, except as required to carry out its duties under this Agreement or otherwise expressly authorized, it is acting as an independent contractor and not as an agent of the Series and has no authority to act for or represent the Series in any way.
APPOINTMENT AND OBLIGATIONS OF THE ADVISER. Subject to the terms and conditions of this Agreement and the policies and control of the Fund's Board of Trustees (the "Board"), the Fund hereby appoints the Adviser to serve as the investment adviser to the Fund, to provide the investment advisory services set forth below in Section II. The Adviser agrees that, except as required to carry out its duties under this Agreement or otherwise expressly authorized, it is acting as an independent contractor and not as an agent of the Fund and has no authority to act for or represent the Fund in any way.
APPOINTMENT AND OBLIGATIONS OF THE ADVISER. The Adviser hereby appoints the Subadviser to render, to the Adviser with respect to the Fund, investment research and advisory services as set forth below in Section II, under the supervision of the Adviser and subject to the approval and direction of the Company's Board of Trustees (the "Board"), and the Subadviser hereby accepts such appointment, all subject to the terms and conditions contained herein. The Subadviser shall, for all purposes herein, be deemed an independent contractor and shall not have, unless otherwise expressly provided or authorized, any authority to act for or represent the Company or the Fund in any way or otherwise to serve as or be deemed an agent of the Company or the Fund.
APPOINTMENT AND OBLIGATIONS OF THE ADVISER. Subject to the terms and conditions of this Agreement, the Adviser and the Fund, on behalf of the Portfolio, hereby appoint the Subadviser to manage the assets of the Portfolio as set forth below in Section II, under the supervision of the Adviser and subject to the approval and direction of the Fund's Board of Directors (the "Board"). The Subadviser hereby accepts such appointment and agrees that it shall, for all purposes herein, undertake such obligations as an independent contractor and not as an agent of the Adviser. The Subadviser agrees, that except as required to carry out its duties under this Agreement or otherwise expressly authorized, it has no authority to act for or represent the Portfolio in any way.
APPOINTMENT AND OBLIGATIONS OF THE ADVISER. Subject to the terms and conditions of this Agreement and the policies and control of the Company's Board of Directors (the "Board"), the Company, on behalf of the Series, hereby appoints the Adviser to serve as its investment adviser, to provide the investment advisory services set forth below in Section II. The Adviser agrees that, except as required to carry out its duties under this Agreement or otherwise expressly authorized, it is acting as an independent contractor and not as an agent of the Company and has no authority to act for or represent the Company in any way.
APPOINTMENT AND OBLIGATIONS OF THE ADVISER. Subject to the terms and conditions of this Agreement, the Adviser and the Fund, on behalf of the Series, hereby appoint the Subadviser to manage the assets of the Series as set forth below in Section II, under the supervision of the Adviser and subject to the approval and direction of the Fund's Board of Directors (the "Board"). The Subadviser hereby accepts such appointment and agrees that it shall, for all purposes herein, undertake such obligations as an independent contractor and not as an agent of the Adviser. The Subadviser agrees that except as required to carry out its duties under this Agreement or as otherwise expressly authorized, it has no authority to act for or represent the Series, the Fund or the Adviser in any way. The Subadviser agrees that the Adviser shall have the right at all times upon reasonable notice to inspect the offices and the records of the Subadviser that relate to the Subadviser's performance of this Agreement.
APPOINTMENT AND OBLIGATIONS OF THE ADVISER. The Adviser is hereby appointed to serve as the investment adviser to the Funds, to provide the investment advisory and administrative services set forth in Section II of this Agreement, subject to the terms of this Agreement and the policies and control of the Corporation's Board of Directors (the "Board"). The Adviser hereby accepts such employment. It is understood and agreed that the Adviser will enter into an Administrative Services Agreement with Transamerica Occidental Life Insurance Company (the "Administrator") under which the Administrator will furnish management and administrative personnel and services to assist the Adviser in carrying out its responsibilities under this Agreement including, without limitation, the responsibilities under Sections II.A., II.B., II.C., II.D., II.E., II.F. and II.L. of this Agreement, subject to the provisions of the 1940 Act and the Advisers Act. It is understood and agreed that the Administrator may enter into a Sub-Administration Agreement with State Street Bank and Trust Company (the "Sub-Administrator") under which the Sub-Administrator will furnish certain administrative services to assist the Administrator in carrying out its responsibilities under its Administrative Services Agreement, subject to the provisions of the 1940 Act and the Advisers Act. The Adviser shall, for all purposes herein, be deemed to be an independent contractor and shall have, unless otherwise expressly provided or authorized, no authority to act for or represent the Corporation in any way or otherwise be deemed an agent for the Corporation. The Adviser shall, for purposes of this Agreement, have and exercise full investment discretion and authority to act as agent for the Corporation in buying, selling or otherwise disposing of or managing the Corporation's investments, subject to the supervision of the Board.
APPOINTMENT AND OBLIGATIONS OF THE ADVISER. The Adviser is hereby appointed to serve as the investment adviser to the Fund, to provide investment advisory services set forth below in Section II, subject to the terms of this Agreement and the policies and control of the Company's Board of Directors (the "Board"). The Adviser shall, for all purposes herein, be deemed an independent contractor and shall have, unless otherwise expressly provided or authorized, no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund.
APPOINTMENT AND OBLIGATIONS OF THE ADVISER. The Adviser is hereby appointed to serve as the investment adviser to the Funds, to provide the investment advisory and administrative services set forth in Section II of this Agreement, subject to the terms of this Agreement and the policies and control of the Corporation's Board of Directors (the "Board"). The Adviser hereby accepts such employment. It is understood and agreed that the Adviser may enter into an Administrative Services Agreement with Transamerica Occidental Life Insurance Company (the "Administrator") under which the Administrator will furnish management and administrative personnel and services to assist the Adviser in carrying out its responsibilities under this Agreement, subject to the provisions of the 1940 Act and the Advisers Act. It is understood and agreed that the Administrator may enter into a Sub-Administration Agreement with State Street Bank and Trust Company (the "Sub-Administrator") under which the Sub- Administrator will furnish certain administrative services to assist the Administrator in carrying out its responsibilities under its Administrative Services Agreement, subject to the provisions of the 1940 Act and the Advisers Act. The Adviser shall, for all purposes herein, be deemed to be an independent contractor and shall have, unless otherwise expressly provided or authorized, no authority to act for or represent the Corporation in any way or otherwise be deemed an agent for the Corporation. The Adviser shall, for purposes of this Agreement, have and exercise full investment discretion and authority to act as agent for the Corporation in buying, selling or otherwise disposing of or managing the Corporation's investments, subject to the supervision of the Board.
