Common use of Service to Other Companies or Accounts Clause in Contracts

Service to Other Companies or Accounts. The Trust understands that Sierra Administration may act in the future as administrator to other investment companies or series of investment companies, and the Trust has no objection to Sierra Administration's so acting. The Trust understands that the persons employed by Sierra Administration to assist in the performance of Sierra Administration's duties under this Agreement will not devote their full time to such services and nothing contained in this Agreement shall be deemed to limit or restrict the right of Sierra Administration or any affiliate of Sierra Administration to engage in and devote time and attention to other businesses or to render services of whatever kind or nature.

Appears in 4 contracts

Samples: Administration Agreement (Sierra Prime Income Fund), Administration Agreement (Sierra Prime Income Fund), Administration Agreement (Sierra Prime Income Fund)

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Service to Other Companies or Accounts. The Trust understands that Sierra Administration may act in the future as administrator to other investment companies or series of investment companies, and the Trust has no objection to Sierra Administration's so acting. The Trust understands that the persons employed by Sierra Administration to assist in the performance of Sierra Administration's duties under this Agreement will not devote their full time to such services service and nothing contained in this Agreement shall be deemed to limit or restrict the right of Sierra Administration affiliate or any affiliate of Sierra Administration to engage in and devote time and attention to other businesses or to render services of whatever kind or nature.

Appears in 1 contract

Samples: Sierra Variable Trust

Service to Other Companies or Accounts. The Trust understands that Sierra Administration may act in the future as administrator to other investment companies or series of investment companies, and the Trust has no objection to Sierra Administration's so acting. The Trust understands that the persons employed by Sierra Administration to assist in the performance of Sierra Administration's duties under this Agreement will not devote their full time to such services and nothing contained in this Agreement shall be deemed to limit or restrict the right of Sierra Administration or any affiliate of Sierra Administration to engage in and devote time and attention to other businesses or to render services of whatever kind or nature.contained

Appears in 1 contract

Samples: Administration Agreement (Sierra Prime Income Fund)

Service to Other Companies or Accounts. The Trust understands that Sierra Administration may act in the future as administrator to other investment companies or series of investment companies, and the Trust has no objection to Sierra Administration's so acting. The Trust understands that the persons employed by Sierra Administration to assist in the performance of Sierra Administration's duties under this Agreement will not devote their full time to such services and nothing contained in this Agreement shall be deemed to limit or restrict the right of Sierra Administration or any affiliate of Sierra Administration to engage in and devote time and attention to other businesses or to render services of whatever kind or nature.Sierra

Appears in 1 contract

Samples: Administration Agreement (Sierra Prime Income Fund)

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Service to Other Companies or Accounts. The Trust understands that Sierra Administration may act in the future as administrator to other investment companies or series of investment companies, and the Trust has no objection to Sierra Administration's so actingacting in such capacity. The Trust understands that the persons employed by Sierra Administration to assist in the performance of Sierra Administration's duties under this Agreement will not devote their full time to such services service and nothing contained in this Agreement shall be deemed to limit or restrict the right of Sierra Administration affiliate or any affiliate of Sierra Administration to engage in and devote time and attention to other businesses or to render services of whatever kind or nature.

Appears in 1 contract

Samples: Sierra Variable Trust

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