Common use of Services of the Administrator Clause in Contracts

Services of the Administrator. Subject to the general supervision and direction of the Trustees, the Administrator shall provide or cause to be performed by a third-party or affiliate (including WMC) all supervisory and administrative and other services reasonably necessary for the operation of each Fund and its Subsidiary/ies (as applicable) other than the investment advisory services provided pursuant to the applicable Investment Management Agreement or pursuant to the investment management agreement(s), as amended and supplemented from time to time, between the Subsidiary/ies (as applicable) and WMC. These services shall include the following: (a) Provide the following services in furtherance of the ordinary operation of each Fund and its Subsidiary/ies (as applicable) including, but not limited to: i. supervising and coordinating all matters relating to the ordinary operation of the Fund and its Subsidiary/ies (as applicable), including any necessary coordination among WMC, the custodian, transfer agent, sub-administrator and any portfolio accounting agent (including pricing and valuation of the Fund’s portfolio), other pricing services, accountants, and other parties performing services or operational functions for the Fund or its Subsidiary/ies (as applicable); ii. maintaining or supervising the maintenance by third parties of such books and records of the Fund as may be required by applicable U.S. federal or state law, other than the records and ledgers maintained under the applicable Investment Management Agreement; iii. preparing or supervising the preparation by third parties of all federal, state, local and foreign tax returns and reports relating to the Fund required by applicable law;