Common use of APPOINTMENT AND OBLIGATIONS OF THE ADVISER Clause in Contracts

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 Directors Trustees (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 Directors Trustees (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 as 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 Directors Trustees (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 Directors Trustees (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 as otherwise expressly authorized, it is acting as an independent contractor and not as an agent of the Series and has no authority t to act for or represent the Series in any way.