Obligations of the Fund Sample Clauses

Obligations of the Fund. All persons dealing with the Fund must look solely to the property of the applicable Portfolio for the enforcement of any claims against the Fund as neither the Board, Officers, agents or shareholders assume any personal liability for obligations entered into on behalf of the Fund.
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Obligations of the Fund. (i) The Fund shall provide the Company with copies of the Summary Prospectus in the same manner and at the same time as the Agreement requires it to provide the Company with Statutory Prospectuses.
Obligations of the Fund. The Fund shall have the following obligations under this Agreement:
Obligations of the Fund. (a) Fee. The Fund will pay to Manager on the last day of each month a fee at an annual rate equal to 0.70% of average net asset of each Portfolio, such fee to be computed daily based upon the net asset value of each Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.
Obligations of the Fund. A. The Fund shall maintain insurance coverage for the Fund, including a fidelity bond as required by Rule 17g-1 under the Investment Company Act, and commercially reasonable errors and omissions, directors and officers and professional liability insurance. Promptly following execution of this Agreement, the Chief Compliance Officer shall be an insured person under all such policies and bonds as an officer of the Fund, such coverage to be effective from the Effective Date of this Agreement. Additionally, the Fund shall cause the Chief Compliance Officer to be covered by the Fund’s directors and officers liability insurance policy and use reasonable efforts to ensure that such coverage be (i) reinstated should the policy be cancelled; (ii) continued after the Chief Compliance Officer ceases to serve as an officer of the Fund on substantially the same terms as coverage is provided for all other officers after such persons are no longer officers; and (iii) continued in the event the Fund merges or terminates, on substantially the same terms as coverage is provided for all other officers. The Fund shall furnish details of such coverage to NLCS upon its request, including a copy of the policy, the identity of the carrier, coverage levels and deductible amounts. The Fund will notify NLCS of any modification, reduction or cancellation of such coverage. The Fund shall cause the Chief Compliance Officer to be named an officer in the Fund’s corporate/trust resolutions such that the Chief Compliance Officer is subject to the provisions of the Fund’s declaration of trust and bylaws (collectively, as amended from time to time, “Organizational Documents”) regarding indemnification of its officers.
Obligations of the Fund. On receipt of the Application Form, the Sustainable Melbourne Fund will:
Obligations of the Fund. The obligations of the Fund under this Agreement shall only be binding upon the assets and property of the Fund and shall not be binding upon any trustee, officer or shareholder of the Fund individually.
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Obligations of the Fund. The Fund shall at all times inform the Investment Adviser as to the securities owned by it, the funds available or to become available for investment by it, and generally as to the condition of its affairs. It shall furnish the Investment Adviser with such other documents and information with regard to its affairs as the Investment Adviser may from time to time reasonably request.
Obligations of the Fund. (a) Fee. The Fund will pay to Manager on the last day of each month a fee at an annual rate equal to 1.00% of average net asset value of the portfolio (fee continues at 0.75% until filing of next prospectus), such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund’s procedure for calculating Portfolio net asset value as described in the Fund’s Prospectus and/or Statement of Additional Information. During any period when the determination of the Portfolio’s net asset value is suspended by the directors of the Fund, the net asset value of a share of the Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.
Obligations of the Fund. It is expressly agreed that the obligations of the Fund hereunder shall not be binding upon any of the Managers, members, nominees, agents or employees of the Fund, personally, but shall bind only the property of the Fund, as provided in the Governing Documents. The execution and delivery of this Contract has been authorized by the Managers and signed by an authorized signatory of the Fund, acting as such, and neither such authorization by such Managers nor such execution and delivery by such authorized signatory shall be deemed to have been made by any of them but shall bind only the Fund as provided in its Governing Documents.
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