Authority of the Adviser. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Company or the Fund in any way or otherwise be deemed an agent of the Company or the Fund. However, one or more shareholders, officers, directors or employees of the Adviser may serve as directors and/or officers of the Company, but without compensation or reimbursement of expenses for such services from the Company. Nothing herein contained shall be deemed to require the Company to take any action contrary to its Articles of Incorporation, as amended, restated or supplemented, or any applicable statute or regulation, or to relieve or deprive the Board of Directors of its responsibility for and control of the affairs of the Fund.
Authority of the Adviser. The Adviser shall supervise and manage the ------------------------ investment portfolio of the Fund, and, subject to such policies as the trustees of the Trust may determine for the Fund, direct the purchase and sale of investment securities in the day to day management of the Fund. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or Fund in any way or otherwise be deemed an agent of the Trust or Fund. However, one or more shareholders, officers, directors or employees of the Adviser may serve as trustees and/or officers of the Trust, but without compensation or reimbursement of expenses for such services from the Trust. Nothing herein contained shall be deemed to require the Trust to take any action contrary to its Certificate of Trust or Trust Instrument, dated January 20, 1995, or any applicable statute or regulation, or to relieve or deprive the trustees of the Trust of their responsibility for, and control of, the affairs of the Trust or the Fund.
Authority of the Adviser. Adviser shall maintain responsibility for the day-to-day portfolio management of the Fund. Adviser shall retain all authority as administrator of the Fund and investment adviser to the Fund, including, but not limited to, the authority to appoint and designate custodians, transfer agents, brokers, and accountants as well as the right to vote on proxies, place trades and value the Fund. The Adviser shall maintain responsibility for ensuring that the composition of the Fund’s portfolio is consistent with applicable requirements and restrictions. The Adviser shall implement the Model, provided by Sub-Adviser, at its sole discretion. Adviser has the right to request from Sub-Adviser the Sub-Adviser’s Form ADV, Code of Ethics, and all other reports and documents that may assist the Adviser in completing its due diligence on the Sub-Adviser. Adviser shall provide reasonable assistance to the Sub-Adviser in providing the Model and related investment advisory services under this Agreement, including providing key information about the Fund.
Authority of the Adviser. In connection with its obligations hereunder, the Adviser will have the authority for and in the name of the Master Fund:
Authority of the Adviser. Subject to Section 2, the Adviser is authorized, on behalf of the Company, to:
Authority of the Adviser. (a) Pursuant to the terms of this Agreement (including the restrictions included in this Section 4 and in Section 8), and subject to the continuing and exclusive authority of the Board over the management of the Company, the Company, acting on the authority of the Board of Trustees, hereby delegates to the Adviser the authority to perform the services described in Section 3.
Authority of the Adviser. The Adviser shall have full power to manage and direct the investment of the assets of each Fund of the Index Fund (the "Account"), subject to and in accordance with the investment objectives and guidelines of each separate Fund of the Index Fund (the "Investment Guidelines"). Subject to the foregoing, this discretionary authority makes the Adviser agent and attorney-in-fact with full power and authority on behalf of the Account (a) to buy, sell, exchange, convert and otherwise trade in any and all stocks, bonds, and other securities as the Adviser may select; (b) to exercise all rights and powers with respect to any securities or other assets in the Account, including the right and power to vote and exercise subscription rights with respect to all securities and other assets in the Account as determined in the discretion of the Adviser; and (c) to establish accounts, and deal through and/or with, one or more securities brokerage firms, dealers, banks, or clearing corporations as the Adviser may select from time to time; provided, however, that except as provided under the Adviser's Act, none of such firms, dealers, banks, or clearing corporations shall be a person or entity that controls, or is controlled by, or is under common control with, the Adviser. This discretionary authority shall remain in full force and effect for the duration of this Agreement or until the Adviser receives written notice from the Index Fund of its termination in accordance with the terms of this Agreement. The Index Fund understands that there can be no assurance that the investment objectives set forth in the Investment Guidelines will in fact be achieved.
Authority of the Adviser. The Adviser shall supervise and manage the investment portfolio of The Primary U.S. Government Fund and, subject to such policies as the board of directors of the Fund may determine, direct the purchase and sale of investment securities in the day to day management of The Primary U.S.
Authority of the Adviser. The Adviser shall have full discretionary authority to manage the Account from the Effective Date. The Adviser shall supervise and direct the investments of the Account, subject to such limitations as Client may impose by notice in writing but without any further Client approval except as required by law. The Adviser may, in its discretion, provide such services through its own employees or the employees of one or more affiliated companies that are qualified to act as an investment adviser under applicable laws and are under the control of The Chase Manhattan Corporation, the indirect parent of the Adviser; PROVIDED that (i) all persons, when providing services hereunder, are functioning as part of an organized group of persons, and (ii) such organized group of persons is managed at all times by authorized officers of the Adviser. The Adviser, as Client's agent and attorney-in-fact with respect to the Account, is duly authorized and empowered, without prior consultation with Client:
Authority of the Adviser. The Adviser shall manage the investment portfolio of the Fund under the supervision of the trustees of the Fund. The Adviser also shall oversee all services provided to the Fund by third parties.