Common use of Obligations of the Fund Clause in Contracts

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. 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 and AMLO shall be named as an insured person persons under all such policies and bonds as an officer officers of the Fund, such coverage to be effective from the later of the Effective Date of this AgreementAgreement or their respective appointments as officers of the Fund. Additionally, the Fund shall cause the Chief Compliance Officer and AMLO 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 and AMLO (respectively) cease to serve as an officer officers 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 officersofficers of the Fund. 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 or of any material claims made against such coverage. The Fund shall cause the Chief Compliance Officer and the AMLO to be named an officer as officers in the Fund’s corporate/trust resolutions such that the Chief Compliance Officer is and AMLO are each subject to the provisions of the Fund’s declaration of trust organizational documents and bylaws (collectively, as amended from time to time, “Organizational Documents”) regarding indemnification of its officers.

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 named as 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 officersofficers (and for a period of no less than six (6) years). 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 or of any material claims made against 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. 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 and AMLO shall be named as an insured person persons under all such policies and bonds as an officer officers of the Fund, such coverage to be effective from the Effective Date of this Agreement. Additionally, the Fund shall cause the Chief Compliance Officer and AMLO 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 and AMLO (respectively) cease to serve as an officer officers 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 officersofficers (and for a period of no less than six years). 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 or of any material claims made against such coverage. The Fund shall cause the Chief Compliance Officer and the AMLO to be named an officer as officers in the Fund’s corporate/trust resolutions such that the Chief Compliance Officer is and AMLO are each 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. 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 named as 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 officersofficers (and for a period of no less than six years). 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 or of any material claims made against 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. 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 and AMLO shall be named as an insured person persons under all such policies and bonds as an officer officers of the Fund, such coverage to be effective from the later of the Effective Date of this AgreementAgreement or their respective appointments as officers of the Fund. Additionally, the Fund shall cause the Chief Compliance Officer and AMLO 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 and AMLO (respectively) cease to serve as an officer officers 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 or of any material claims made against such coverage. The Fund shall cause the Chief Compliance Officer and the AMLO to be named an officer as officers in the Fund’s corporate/trust resolutions such that the Chief Compliance Officer is and AMLO are each subject to the provisions of the Fund’s declaration of trust organizational documents and bylaws (collectively, as amended from time to time, “Organizational Documents”) regarding indemnification of its officers.