Common use of AUTHORITY OF ADVISER Clause in Contracts

AUTHORITY OF ADVISER. The Adviser shall for all purposes herein be considered an independent contractor and shall not, unless expressly authorized and empowered by the Trust or a Fund, have authority to act for or represent the Trust or a Fund in any way, form or manner. Any authority granted by the Trust or a Fund on behalf of itself to the Adviser shall be in the form of a resolution or resolutions adopted by the Board of Trustees of the Trust.

Appears in 6 contracts

Samples: Investment Advisory Agreement (RBC Funds Trust), Investment Advisory Agreement (RBC Funds Trust), Investment Advisory Agreement (RBC Funds Trust)

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AUTHORITY OF ADVISER. The Adviser shall for all purposes herein be considered an independent contractor and shall not, unless expressly authorized and empowered by the Trust or a Fundany Portfolio, have authority to act for or represent the Trust or a Fund any Portfolio in any way, form or manner. Any authority granted by the Trust or a Fund on behalf of itself or any Portfolio to the Adviser shall be in the form of a resolution or resolutions adopted by the Board of Trustees of the Trust.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Babson David L Growth Fund Inc), Investment Advisory Agreement (Strong Income Trust)

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