Common use of RETENTION OF MANAGER BY FUND Clause in Contracts

RETENTION OF MANAGER BY FUND. The Fund hereby employs the Manager to act as the investment advisor for and to manage the investment and reinvestment of the assets of The Integrity Income Fund in accordance with such fund's investment objective and policies and restrictions, and to administer its affairs to the extent requested by, and subject to the review and supervision of, the trustees of the Fund (the "trustees") for the period and upon the terms herein set forth. The investment of funds shall be subject to all applicable restrictions of the Agreement and Declaration of Trust and By-Laws of the Fund as may from time to time be in force. The term "Fund" as used herein shall refer to either THE INTEGRITY FUNDS or THE INTEGRITY INCOME FUND as the context may require.

RETENTION OF MANAGER BY FUND. The Fund hereby employs the Manager to act as the investment advisor for and to manage the investment and reinvestment of the assets of The Integrity Income Fund in accordance with such fund's investment objective and policies and restrictions, and to administer its affairs to the extent requested by, and subject to the review and supervision of, the trustees Trustees of the Fund (the "trusteesTrustees") for the period and upon the terms herein set forth. The investment of funds shall be subject to all applicable restrictions of the Agreement and Declaration of Trust and By-Laws of the Fund as may from time to time be in force. The term "Fund" as used herein shall refer to either THE INTEGRITY FUNDS or THE INTEGRITY INCOME FUND as the context may require.

RETENTION OF MANAGER BY FUND. The Fund hereby employs the Manager to act as the investment advisor for and to manage the investment and reinvestment of the assets of The Integrity Income Equity Fund in accordance with such fund's investment objective and policies and restrictions, and to administer its affairs to the extent requested by, and subject to the review and supervision of, the trustees Trustees of the Fund (the "trusteesTrustees") for the period and upon the terms herein set forth. The investment of funds shall be subject to all applicable restrictions of the Agreement and Declaration of Trust and By-Laws of the Fund as may from time to time be in force. The term "Fund" as used herein shall refer to either THE INTEGRITY FUNDS or THE INTEGRITY INCOME EQUITY FUND as the context may require.

RETENTION OF MANAGER BY FUND. The Fund hereby employs the Manager to act as the investment advisor for and to manage the investment and reinvestment of the assets of The Integrity Income the Nebraska Municipal Fund portfolio of the Fund in accordance with such fund's portfolio’s investment objective and policies and restrictions, and to administer its affairs to the extent requested by, and subject to the review and supervision of, the trustees of the Fund (the "“trustees"”) for the period and upon the terms herein set forth. The investment of funds shall be subject to all applicable restrictions of the Agreement and Declaration of Trust and By-Laws of the Fund as may from time to time be in force. The term "“Fund" ” as used herein shall refer to either THE INTEGRITY FUNDS MANAGED PORTFOLIOS or THE INTEGRITY INCOME the NEBRASKA MUNICIPAL FUND as the context may require.

RETENTION OF MANAGER BY FUND. The Fund hereby employs the Manager to act as the investment advisor for and to manage the investment and reinvestment of the assets of The Integrity Income the Oklahoma Municipal Fund portfolio of the Fund in accordance with such fund's portfolio’s investment objective and policies and restrictions, and to administer its affairs to the extent requested by, and subject to the review and supervision of, the trustees of the Fund (the "“trustees"”) for the period and upon the terms herein set forth. The investment of funds shall be subject to all applicable restrictions of the Agreement and Declaration of Trust and By-Laws of the Fund as may from time to time be in force. The term "“Fund" ” as used herein shall refer to either THE INTEGRITY FUNDS MANAGED PORTFOLIOS or THE INTEGRITY INCOME the OKLAHOMA MUNICIPAL FUND as the context may require.