Common use of Engagement of Administrator Clause in Contracts

Engagement of Administrator. Each Company hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth, subject to the reimbursement of costs and expenses provided for below. The Administrator, and any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of each Company and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent a Company in any way or otherwise be deemed agents of such Company. The Administrator shall be subject to review and oversight by the board of trustees of each Company (the “Boards”) to assure that the administrative procedures, operations and programs of each Company are in the best interests of such Company’s shareholders. (b)

Engagement of Administrator. Each Company hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth, subject to the reimbursement of costs and expenses provided for below. The Administrator, and any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of each Company and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent a Company in any way or otherwise be deemed agents of such the Company. The Administrator shall be subject to review and oversight by the board Board of trustees Trustees of each Company (the “Boards”) to assure that the administrative procedures, operations and programs of each the Company are in the best interests of such the Company’s shareholders. (b).

Engagement of Administrator. Each The Company hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth, subject to the reimbursement of costs and expenses provided for below. The Administrator, and any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of each the Company and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent a the Company in any way or otherwise be deemed agents of such the Company. The Administrator shall be subject to review and oversight by the board Board of trustees Directors of each the Company (the “BoardsBoard”) to assure that the administrative procedures, operations and programs of each the Company are in the best interests of such the Company’s shareholders. (b)stockholders and that the expenses incurred are reasonable in light of the investment performance of the Company, its net assets and its net income.

Engagement of Administrator. Each The Company hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth, subject to the reimbursement of costs and expenses provided for below. The Administrator, and any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of each the Company and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent a the Company in any way or otherwise be deemed agents of such the Company. The Administrator shall be subject to review and oversight by the board Board of trustees Directors of each the Company (the “BoardsBoard of Directors”) to assure that the administrative procedures, operations and programs of each the Company are in the best interests of such the Company’s shareholders. (b).

Engagement of Administrator. Each Company hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth, subject to the reimbursement of costs and expenses provided for below. The Administrator, and any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of each Company and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent a Company in any way or otherwise be deemed agents of such Company. The Administrator shall be subject to review and oversight by the board of trustees of each Company (the “Boards”) to assure that the administrative procedures, operations and programs of each Company are in the best interests of such Company’s shareholders. (b).

Engagement of Administrator. Each The Company hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth, subject to the reimbursement of costs and expenses provided for below. The Administrator, and any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of each the Company and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent a the Company in any way or otherwise be deemed agents of such the Company. The Administrator shall be subject to review and oversight by the board Board of trustees Directors of each the Company (the “Boards”) to assure that the administrative procedures, operations and programs of each the Company are in the best interests of such the Company’s shareholders. (b)shareholders and that the expenses incurred are reasonable in light of the investment performance of the Company, its net assets and its net income.

Engagement of Administrator. Each The Company hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth, subject to the reimbursement of costs and expenses provided for below. The Administrator, Administrator and any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of each the Company and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent a the Company in any way or otherwise be deemed agents of such the Company. The Administrator shall be subject to review and oversight by the board Board of trustees Trustees of each the Company (the “BoardsBoard of Trustees”) to assure that the administrative procedures, operations and programs of each the Company are in the best interests of such the Company’s shareholders. (b).

Engagement of Administrator. Each The Company hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth, subject to the reimbursement of costs and expenses provided for below. The Administrator, and any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of each the Company and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent a the Company in any way or otherwise be deemed agents of such the Company. The Administrator shall be subject to review and oversight by the board Board of trustees Directors of each the Company (the “Boards”"Board") to assure that the administrative procedures, operations and programs of each the Company are in the best interests of such the Company’s shareholders. (b)'s stockholders and that the expenses incurred are reasonable in light of the investment performance of the Company, its net assets and its net income.

Engagement of Administrator. Each The Company hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth, subject to the reimbursement of costs and expenses provided for below. The Administrator, Administrator and any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of each the Company and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent a the Company in any way or otherwise be deemed agents of such the Company. The Administrator shall be subject to review and oversight by the board Board of trustees Directors of each the Company (the “BoardsBoard of Directors”) to assure that the administrative procedures, operations and programs of each the Company are in the best interests of such the Company’s shareholders. (b).

Engagement of Administrator. Each The Company hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth, subject to the reimbursement of costs and expenses provided for below. The Administrator, and any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of each the Company and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent a the Company in any way or otherwise be deemed agents of such the Company. The Administrator shall be subject to review and oversight by the board Board of trustees Trustees of each the Company (the “Boards”) to assure that the administrative procedures, operations and programs of each the Company are in the best interests of such the Company’s shareholders. (b)shareholders and that the expenses incurred are reasonable in light of the investment objective of the Company, its net assets and its net income.