Common use of Duties of the Manager Clause in Contracts

Duties of the Manager. The Fund hereby employs the Manager to act as an investment manager and investment adviser of the Fund and to furnish or arrange for affiliates to furnish, the management and investment advisory services described below, subject to policies of, review by and overall control of the Board of Directors of the Fund (the "Directors"), for the period and on the terms and conditions set forth in this Agreement. The Manager hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Manager and its affiliates 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 Fund in any way or otherwise be deemed an agent of the Fund.

Appears in 4 contracts

Samples: Management Agreement (Merrill Lynch Fundamental Growth Fund Inc), Management Agreement (Merrill Lynch Fundamental Growth Fund Inc), Management Agreement (Merrill Lynch Adjustable Rate Securities Fund Inc)

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Duties of the Manager. The Fund hereby employs the Manager to act as an investment a manager and investment adviser of the Fund and to furnish or arrange for affiliates to furnish, the management and investment advisory services described below, subject to policies of, review by and overall control of the Board of Directors of the Fund (the "Directors"), for the period and on the terms and conditions set forth in this Agreement. The Manager hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Manager and its affiliates 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 Fund in any way or otherwise be deemed an agent of the Fund.

Appears in 4 contracts

Samples: Management Agreement (Merrill Lynch Real Estate Fund Inc), Management Agreement (Merrill Lynch Global Growth Fund Inc), Management Agreement (Merrill Lynch Disciplined Growth Fund Inc)

Duties of the Manager. The Fund Trust hereby employs the Manager to act as an investment manager and investment adviser of the Fund and to furnish or arrange for affiliates to furnish, the management and investment advisory services described below, subject to policies of, review by and overall control of the Board of Directors Trustees of the Fund Trust (the "DirectorsTrustees"), for the period and on the terms and conditions set forth in this Agreement. The Manager hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Manager and its affiliates 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 the Fund in any way or otherwise be deemed an agent of the Trust or the Fund.

Appears in 3 contracts

Samples: Management Agreement (Merrill Lynch Principal Protected Trust), Management Agreement (Merrill Lynch Principal Protected Trust), Management Agreement (Merrill Lynch Principal Protected Trust)

Duties of the Manager. The Fund hereby employs the Manager to act as an investment a manager and investment adviser of the Fund and to furnish furnish, or arrange for affiliates to furnish, the management and investment advisory services described below, subject to the policies of, review by and overall control of the Board of Directors of the Fund (the "Directors")Fund, for the period and on the terms and conditions set forth in this Agreement. The Manager hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Manager and its affiliates shall for all purposes herein be deemed deem- ed to be an independent contractor contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent agents of the Fund.. (a)

Appears in 2 contracts

Samples: Management Agreement (Merrill Lynch Global Convertible Securities Fund Inc), Management Agreement (Merrill Lynch Developing Capital Markets Fund Inc)

Duties of the Manager. The Fund hereby employs the Manager to act as an investment a manager and investment adviser of the Fund and to furnish or arrange for affiliates to furnish, the management and investment advisory services described below, subject to policies of, review by and overall control of the Board of Directors of the Fund (the "Directors"), for the period and on the terms and conditions set forth in this Amended and Restated Agreement. The Manager hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Manager and its affiliates 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 Fund in any way or otherwise be deemed an agent of the Fund.

Appears in 1 contract

Samples: Management Agreement (Merrill Lynch Global Technology Fund Inc)

Duties of the Manager. The Fund hereby employs the Manager to act as an investment a manager and investment adviser of the Fund and to furnish furnish, or arrange for affiliates to furnish, the management and investment advisory services described below, subject to the policies of, review by and overall control of the Board of Directors Trustees of the Fund (the "Directors")Fund, for the period and on the terms and conditions set forth in this Agreement. The Manager hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Manager manager and its affiliates shall for all purposes herein be deemed to be an independent contractor contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent agents of the Fund.

Appears in 1 contract

Samples: Management Agreement (Merrill Lynch Growth Fund for Investment & Retirement)

Duties of the Manager. The Fund hereby employs the Manager to act as an investment a manager and investment adviser of the Fund and to furnish furnish, or arrange for affiliates to furnish, the management and investment advisory services described below, subject to policies the polices of, review by and overall control of the Board of Directors Trustees of the Fund (the "Directors")Fund, for the period and on the terms and conditions set forth in this Agreement. The Manager hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Manager and its affiliates shall for all purposes herein be deemed to be an independent contractor contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent agents of the Fund.. (a)

Appears in 1 contract

Samples: Management Agreement (Merrill Lynch Eurofund)

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Duties of the Manager. The Fund hereby employs the Manager to act as an investment a manager and investment adviser of the Fund and to furnish or arrange for affiliates to furnish, the management and investment advisory services described below, subject to policies of, review by and overall control of the Board of Directors Trustees of the Fund (the "Directors"“Trustees”), for the period and on the terms and conditions set forth in this Agreement. The Manager hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Manager and its affiliates 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 Fund in any way or otherwise be deemed an agent of the Fund.

Appears in 1 contract

Samples: Management Agreement (Merrill Lynch Global Equity Opportunities Fund)

Duties of the Manager. The Fund hereby employs the Manager to act as an investment a manager and investment adviser of the Fund and to furnish furnish, or arrange for affiliates to furnish, the management and investment advisory services described below, subject to policies the polices of, review by and overall control of the Board of Directors Trustees of the Fund (the "Directors")Fund, for the period and on the terms and conditions set forth in this Agreement. The Manager hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Manager and its affiliates shall for all purposes herein be deemed to be an independent contractor contractors and shall, unless otherwise other-wise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent agents of the Fund.. (a)

Appears in 1 contract

Samples: Management Agreement (Merrill Lynch Strategic Dividend Fund)

Duties of the Manager. The Fund hereby employs the Manager to act as an investment the manager and investment adviser of the Fund and to furnish furnish, or arrange for affiliates to furnish, the management and investment advisory services described below, subject to policies of, review by and overall control the supervision of the Board of Directors Trustees of the Fund (the "Directors")Fund, for the period and on the terms and conditions set forth in this Agreement. The Manager hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Manager and its affiliates 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 Fund in any way or otherwise be deemed an agent of the Fund.

Appears in 1 contract

Samples: Management Agreement (Merrill Lynch Usa Government Reserves)

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