Common use of RESERVATION OF NAME Clause in Contracts

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each Fund’s name or any portion thereof in connection with any other mutual Trust or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the Funds, the name of each Fund will be changed to one that does not contain the names “Equity Investment Corporation” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the Funds, the name of each Fund the Funds will be changed to one that does not contain the names name “Equity Investment CorporationCutwater Asset Management” or “Cutwater” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment CorporationEquinox” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust fund or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment CorporationSirios” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s 's name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s 's name or any portion thereof in connection with any other mutual Trust or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names “Equity name "Piedmont Investment Corporation” Advisors, LLC" or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust fund or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment CorporationTOBAM” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust fund or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names “Equity Lateef Investment CorporationManagement, L.P.” or “Lateef” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment CorporationXxxxxxx” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each a Fund’s name and all investment models used by or on behalf of the FundFunds. The Investment Adviser may use each a Fund’s name or any portion thereof in connection with any other mutual Trust fund or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment Corporation[Bradesco]” or “[BRAM]” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust fund or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment CorporationArabesque” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment CorporationEquinox Institutional Asset Management, LP” or “Equinox” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Pemberwick Investment CorporationAdvisors, LLC” or “Pemberwick” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof thereof, and the Fund’s performance record, in connection with any other mutual Trust fund or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment CorporationChoice Financial” or “EquityCompass” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment Corporation[____]” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust fund or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment Corporation[Choice Financial]” or “[EquityCompass]” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s 's name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s 's name or any portion thereof in connection with any other mutual Trust or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names “Equity name "Pemberwick Investment Corporation” Advisors LLC" or "Pemberwick" or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust fund or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment Corporation[Sirios]” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s 's name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s 's name or any portion thereof in connection with any other mutual Trust fund or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names “Equity "Lateef Investment Corporation” Management, L.P." or "LATEEF" or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Pemberwick Investment CorporationAdvisors LLC” or “Pemberwick” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Investment Corporation[ ]” or otherwise suggest an affiliation with the Investment Adviser.

RESERVATION OF NAME. The Investment Adviser shall at all times have all rights in and to each the Fund’s name and all investment models used by or on behalf of the Fund. The Investment Adviser may use each the Fund’s name or any portion thereof in connection with any other mutual Trust fund or business activity without the consent of any shareholder and the Trust shall execute and deliver any and all documents required to indicate the consent of the Trust to such use. The Trust hereby agrees that in the event that neither the Investment Adviser nor any of its affiliates acts as investment adviser to the FundsFund, the name of each the Fund will be changed to one that does not contain the names name “Equity Piedmont Investment CorporationAdvisors, LLC” or otherwise suggest an affiliation with the Investment Adviser.