Common use of SERVICES RENDERED AND EXPENSES Clause in Contracts

SERVICES RENDERED AND EXPENSES. Paid by the SUB-ADVISER The SUB-ADVISER, subject to the supervision and review of VALIC and the Board and in conformity with the 1940 Act, all applicable laws and regulations thereunder, and all other applicable federal and state securities and tax laws and regulations, including section 817(h) and Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), the Declaration, VC II’s Bylaws (the “Bylaws”), each Covered Fund’s registration statement, prospectus, and stated investment objectives, policies and restrictions and any applicable procedures adopted by the Board and provided to the SUB-ADVISER, shall:

SERVICES RENDERED AND EXPENSES. Paid by the PAID BY THE SUB-ADVISER ADVISERA The SUB-ADVISER, subject to the control, direction, and supervision and review of VALIC and the FUND's Board of Trustees and in material conformity with the 1940 Act, all applicable laws and regulations thereunder, and all other applicable federal and state securities and tax laws and regulations, including section 817(h) and Subchapter M of the Internal Revenue Code of 1986, as amended (the “"Code”"), the FUND's Declaration, VC II’s Bylaws (the “Bylaws”), each Covered Fund’s registration statementstatements, prospectus, prospectus and stated investment objectives, policies and restrictions and any applicable procedures adopted by the FUND's Board of Trustees and provided to the SUB-ADVISER, ADVISER shall:

SERVICES RENDERED AND EXPENSES. Paid by the SUB-ADVISER The SUB-ADVISER, subject to the supervision and review of VALIC and the Board and in conformity with the 1940 Act, all applicable laws and regulations thereunder, and all other applicable federal and state securities and tax laws and regulations, including section 817(h) and Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), the Declaration, VC II’s Bylaws (the “Bylaws”), each Covered Fund’s registration Column A Subadvisory Agreements statement, prospectus, and stated investment objectives, policies and restrictions and any applicable procedures adopted by the Board and provided to the SUB-ADVISER, shall: