Common use of Management and Distribution Clause in Contracts

Management and Distribution. Section 6. Subject to a favorable Majority Shareholder Vote, the Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services with Stein Roe & Farnham Incorporated, or any other partnershix, xxxxxxatixx, xxxst, association or other organization (the "Adviser"), every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, and to make changes 9 in the Trust's investments. The Trustees may also, at any time and from time to time, contract with the Adviser or any other corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-Laws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine. The fact that:

Management and Distribution. Section 6. Subject to a favorable Majority Shareholder Voteany shareholder approval as may be required by the 1940 Act, the Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services with Stein Roe & Farnham Incorporatedany corporation, or any other partnershix, xxxxxxatixx, xxxsttrust, association or other organization (the "AdviserManager"), every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may provide for one or more sub-advisers who shall perform all or part of the obligations of the Manager under such contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes 9 in the Trust's investments. The Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine. The fact that:

Management and Distribution. Section SECTION 6. Subject to a favorable Majority Shareholder Vote, the The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services with Stein Roe & Farnham Incorporatedany corporation, or any other partnershix, xxxxxxatixx, xxxsttrust, association or other organization (the "AdviserManager"), every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may provide for one or more subadvisers who shall perform all or part of the obligations of the Manager under such contract and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold sold, or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes 9 in the Trust's investments. The Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine. The fact that:

Management and Distribution. Section 6. F. Subject to a favorable Majority Shareholder Vote, the Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services with Stein Roe & Farnham Incorporatedany corporation, or any other partnershix, xxxxxxatixx, xxxsttrust, association or other organization (the "AdviserManager"), every such contract to comply with such requirements and 7 restrictions as may be set forth in the By-LawsBylaws; and any such contract may authorize the delegation of some or all of the functions of the Manager thereunder to any Sub-Adviser and may contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested, uninvested and to make changes 9 in the Trust's investments. The Trustees may also, at any time and from time to time, contract with the Adviser Manager or any other corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the By-LawsBylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine. The fact that: