Common use of Services as Administrator Clause in Contracts

Services as Administrator. Subject to the supervision and direction of the Board, SBFM will: (a) assist in supervising all aspects of the Fund's operations except those performed by the Fund's investment adviser under its investment advisory agreement; (b) supply the Fund with office facilities (which may be in SBFM's own offices), statistical and research data, data processing services, clerical, accounting and bookkeeping services, including, but not limited to, the calculation of (i) the net asset value of shares of the Fund, (ii) applicable contingent deferred sales charges and similar fees and charges and (iii) distribution fees, internal auditing and legal services, internal executive and administrative services, and stationary and office supplies; and (c) prepare Board materials, reports to shareholders of the Fund, tax returns and reports to and filings with the Securities and Exchange Commission (the "SEC") and state blue sky authorities.

Services as Administrator. Subject to the supervision and direction of the Board, SBFM SBA will: (a) assist in supervising all aspects of the Fund's operations except those performed by the Fund's investment adviser under its investment advisory agreement; (b) supply the Fund with office facilities (which may be in SBFMSBA's own offices), statistical and research data, data processing services, clerical, accounting and bookkeeping services, including, but not limited to, the calculation of (i) the net asset value of shares of the Fund, (ii) applicable contingent deferred sales charges and similar fees and charges and (iii) distribution fees, internal auditing and legal services, internal executive and administrative services, and stationary and office supplies; and (c) prepare Board materials, reports to shareholders of the Fund, tax returns and reports to and filings with the Securities and Exchange Commission (the "SEC") and state blue sky authorities.

Services as Administrator. Subject to the supervision and direction of the Board, SBFM will: (a) assist in supervising all aspects of the Fund's ’s operations except those performed by the Fund's ’s investment adviser under its investment advisory agreement; (b) supply the Fund with office facilities (which may be in SBFM's ’s own offices), statistical and research data, data processing services, clerical, accounting and bookkeeping services, including, but not limited to, the calculation of (i) the net asset value of shares of the Fund, (ii) applicable contingent deferred sales charges and similar fees and charges and (iii) distribution fees, internal auditing and legal services, internal executive and administrative services, and stationary and office supplies; and (c) prepare Board materials, reports to shareholders of the Fund, tax returns and reports to and filings with the Securities and Exchange Commission (the "“SEC"”) and state blue sky authorities.