Common use of Fund-Level Administrative Services Clause in Contracts

Fund-Level Administrative Services. The Manager shall, at its expense, provide the following Fund-level administrative services in connection with the operations of the Trust and the Funds, to the extent such services are not provided to a Class of a Fund and covered under the Funds’ Class-Level Administration Agreement: coordinate, supervise and make all payments to the Funds’ transfer agent and various sub-transfer agents and omnibus account servicers and record-keepers; receive and tabulate shareholder votes; furnish statistical and research data; coordinate (or assist in) the preparation and filing with the U.S. Securities and Exchange Commission (“SEC”) of registration statements, notices, shareholder reports, and other material required to be filed under applicable laws; prepare and file with the states registration statements, notices, reports, and other material required to be filed under applicable laws; prepare and file Form 24F-2s and N-SARs; review bills submitted to the Funds and, upon determining that a xxxx is appropriate, allocate amounts to the appropriate Funds and instruct the Funds’ custodian to pay such bills; coordinate (or assist in) the preparation of reports and other information materials regarding the Funds, including prospectuses, proxies and other shareholder communications; prepare expense table and performance information for annual updates; provide legal and regulatory advice to the Funds in connection with its other administrative functions, including assignment of matters to outside legal counsel on behalf of the Trust and supervision of the work of such counsel; provide office facilities and clerical support for the Funds; develop and implement procedures for monitoring compliance with regulatory requirements and compliance with the Funds’ investment objectives, policies and restrictions; serve as liaison between the Funds and their independent auditors; prepare and file tax returns; review payments of Fund expenses; prepare expense budgeting and accruals; provide communication, coordination, and supervision services with regard to the Funds’ transfer agent, custodian, fund accountant, any co-administrators, and other service organizations that render recordkeeping or shareholder communication services; provide information to the Funds' distributor concerning fund performance and administration; provide reports to the Funds’ board of directors regarding its activities; assist in the preparation and assembly of meeting materials, including comparable fee information, as required, for the Funds’ board of directors; and provide any other administrative services reasonably necessary for the operation of the Funds other than those services that are to be provided by the Trust’s transfer and dividend disbursing agent, custodian, and fund accountant, provided that nothing in this Agreement shall be deemed to require Funds Management to provide any services that may not be provided by it under applicable banking laws and regulations. In performing all Fund-level administrative services under this Section 2(b), the Manager shall: (a) act in conformity with the Trust’s Declaration of Trust (and By-Laws, if any), the 1940 Act, and any other applicable laws as may be amended from time to time, and all relevant rules thereunder, and with the Trust’s registration statement under the Securities Act of 1933 and the 1940 Act, as may be amended from time to time; (b) consult and coordinate with legal counsel to the Trust as necessary and appropriate; and (c) advise and report to the Trust and its legal counsel, as necessary and appropriate, with respect to any compliance or other matters that come to its attention. In connection with its duties under this Section 2(b), the Manager may, at its own expense, enter into sub-administration agreements with other service providers, provided that each such service provider agrees with Manager to comply with this Agreement and all relevant provisions of the 1940 Act and any other applicable laws as may be amended from time to time, and all relevant rules thereunder. Manager will provide the Trust with a copy of each sub-administration agreement it executes relating to the Trust. Manager will be liable for acts or omissions of any such sub-administrators under the standards of care described herein under Section 11.

Fund-Level Administrative Services. The Manager shall, at its expense, provide the following Fund-level administrative services in connection with the operations of the Trust and the FundsFund, to the extent such services are not provided to a specific Class of a the Fund and covered under the Funds’ Fund’s Class-Level Administration Agreement: coordinate, supervise and make all payments to the Funds’ Fund’s transfer agent and various sub-transfer agents and omnibus account servicers and record-keepers; receive and tabulate shareholder votes; furnish statistical and research data; coordinate (or assist in) the preparation and filing with the U.S. Securities and Exchange Commission (“SEC”) of registration statements, notices, shareholder reports, and other material required to be filed under applicable laws; prepare and file with the states registration statements, notices, reports, and other material required to be filed under applicable laws; prepare and file Form 24F-2s and N-SARs; review bills submitted to the Funds Fund and, upon determining that a xxxx is appropriate, allocate allocating amounts to the appropriate Funds and instruct instructing the Funds’ Fund’s custodian to pay such bills; coordinate (or assist in) the preparation of reports and other information materials regarding the FundsFund, including prospectuses, proxies and other shareholder communications; prepare expense table and performance information for annual updates; provide legal and regulatory advice to the Funds Fund in connection with its other administrative functions, including assignment of matters to outside legal counsel on behalf of the Trust and supervision of supervising the work of such counsel; provide office facilities and clerical support for the FundsFund; develop and implement procedures for monitoring compliance with regulatory requirements and compliance with the FundsFund’ investment objectives, policies and restrictions; serve as liaison between the Funds Fund and their independent auditors; prepare and file tax returns; review payments of Fund expenses; prepare expense budgeting and accruals; provide communication, coordination, and supervision services with regard to the FundsFund’ transfer agent, custodian, fund accountant, any co-administrators, and other service organizations that render recordkeeping or shareholder communication services; provide information to the Funds' Fund’s distributor concerning fund performance and administration; provide reports to the Funds’ Fund’s board of directors regarding its activities; assist in the preparation and assembly of meeting materials, including comparable fee information, as required, for the Funds’ Fund’s board of directors; and provide any other administrative services reasonably necessary for the operation of the Funds Fund other than those services that are to be provided by the Trust’s transfer and dividend disbursing agent, custodian, and fund accountant, provided that nothing in this Agreement shall be deemed to require Funds Management to provide any services that may not be provided by it under applicable banking laws and regulations. In performing all Fund-level administrative services under this Section 2(b), the Manager shall: (a) act in conformity with the Trust’s Declaration of Trust (and By-Laws, if any), the 1940 Act, and any other applicable laws as may be amended from time to time, and all relevant rules thereunder, and with the Trust’s registration statement under the Securities Act of 1933 and the 1940 Act, as may be amended from time to time; (b) consult and coordinate with legal counsel to the Trust as necessary and appropriate; and (c) advise and report to the Trust and its legal counsel, as necessary and appropriate, with respect to any compliance or other matters that come to its attention. In connection with its duties under this Section 2(b), the Manager may, at its own expense, enter into sub-administration agreements with other service providers, provided that each such service provider agrees with the Manager to comply with this Agreement and all relevant provisions of the 1940 Act and any other applicable laws as may be amended from time to time, and all relevant rules thereunder. The Manager will provide the Trust with a copy of each sub-administration agreement it executes relating to the Trust. The Manager will be liable for acts or omissions of any such sub-administrators under the standards of care described herein under Section 11.

Fund-Level Administrative Services. The Manager shall, at its expense, provide the following Fund-level administrative services in connection with the operations of the Trust and the Funds, to the extent such services are not provided to a Class of a Fund and covered under the Funds’ Class-Level Administration Agreement: coordinate, supervise and make all payments to the Funds’ transfer agent and various sub-transfer agents and omnibus account servicers and record-keepers; receive and tabulate shareholder votes; furnish statistical and research data; coordinate (or assist in) the preparation and filing with the U.S. Securities and Exchange Commission (“SEC”) of registration statements, notices, shareholder reports, and other material required to be filed under applicable laws; prepare and file with the states registration statements, notices, reports, and other material required to be filed under applicable laws; prepare and file Form 24F-2s and N-SARs; review bills submitted to the Funds and, upon determining that a xxxx is appropriate, allocate allocating amounts to the appropriate Funds and instruct instructing the Funds’ custodian to pay such bills; coordinate (or assist in) the preparation of reports and other information materials regarding the Funds, including prospectuses, proxies and other shareholder communications; prepare expense table and performance information for annual updates; provide legal and regulatory advice to the Funds in connection with its other administrative functions, including assignment of matters to outside legal counsel on behalf of the Trust and supervision of supervising the work of such counsel; provide office facilities and clerical support for the Funds; develop and implement procedures for monitoring compliance with regulatory requirements and compliance with the Funds’ investment objectives, policies and restrictions; serve as liaison between the Funds and their independent auditors; prepare and file tax returns; review payments of Fund expenses; prepare expense budgeting and accruals; provide communication, coordination, and supervision services with regard to the Funds’ transfer agent, custodian, fund accountant, any co-administrators, and other service organizations that render recordkeeping or shareholder communication services; provide information to the Funds' distributor concerning fund performance and administration; provide reports to the Funds’ board of directors regarding its activities; assist in the preparation and assembly of meeting materials, including comparable fee information, as required, for the Funds’ board of directors; and provide any other administrative services reasonably necessary for the operation of the Funds other than those services that are to be provided by the Trust’s transfer and dividend disbursing agent, custodian, and fund accountant, provided that nothing in this Agreement shall be deemed to require Funds Management to provide any services that may not be provided by it under applicable banking laws and regulations. In performing all Fund-level administrative services under this Section 2(b), the Manager shall: (a) act in conformity with the Trust’s Declaration of Trust (and By-Laws, if any), the 1940 Act, and any other applicable laws as may be amended from time to time, and all relevant rules thereunder, and with the Trust’s registration statement under the Securities Act of 1933 and the 1940 Act, as may be amended from time to time; (b) consult and coordinate with legal counsel to the Trust as necessary and appropriate; and (c) advise and report to the Trust and its legal counsel, as necessary and appropriate, with respect to any compliance or other matters that come to its attention. In connection with its duties under this Section 2(b), the Manager may, at its own expense, enter into sub-administration agreements with other service providers, provided that each such service provider agrees with Manager to comply with this Agreement and all relevant provisions of the 1940 Act and any other applicable laws as may be amended from time to time, and all relevant rules thereunder. Manager will provide the Trust with a copy of each sub-administration agreement it executes relating to the Trust. Manager will be liable for acts or omissions of any such sub-administrators under the standards of care described herein under Section 11.