Common use of SUBSTANTIVE LIMITATIONS Clause in Contracts

SUBSTANTIVE LIMITATIONS. A. The Sub-Adviser will manage the Fund Account as if the Fund Account were a registered investment company subject to the investment objective, policies and limitations applicable to the Fund stated in the Trust’s Prospectus and Statement of Additional Information, as from time to time in effect, included in the Trust’s registration statement or a supplement thereto under the Securities Act of 1933 and the Investment Company Act of 1940 (the “1940 Act”), as each may be amended from time to time; provided, however, that if a more stringent restriction or limitation than any of the foregoing is stated in Section B of this Schedule, the more stringent restriction or limitation shall apply to the Fund Account.

SUBSTANTIVE LIMITATIONS. A. The Sub-Adviser will manage the Fund Account as if the Fund Account were a registered investment company subject to the investment objective, policies and limitations applicable to the Fund stated in the Trust’s 's Prospectus and Statement of Additional Information, as from time to time in effect, included in the Trust’s 's registration statement or a supplement thereto under the Securities Act of 1933 and the Investment Company Act of 1940 (the “"1940 Act”ACT"), as each may be amended from time to time; provided, however, that if a more stringent restriction or limitation than any of the foregoing is stated in Section B of this Schedule, the more stringent restriction or limitation shall apply to the Fund Account.

SUBSTANTIVE LIMITATIONS. A. The Sub-Adviser will manage the Fund Account as if the Fund Account were a registered investment company subject to the investment objective, policies and limitations applicable to the Fund stated in the Trust’s Fund's Prospectus and Statement of Additional Information, as from time to time in effect, included in the Trust’s 's registration statement or a supplement thereto under the Securities Act of 1933 and the Investment Company Act of 1940 (the “"1940 Act”ACT"), as each may be amended from time to time; provided, however, that if a more stringent restriction or limitation than any of the foregoing is stated in Section B of this Schedule, the more stringent restriction or limitation shall apply to the Fund Account.

SUBSTANTIVE LIMITATIONS. A. The Sub-Adviser will manage the Fund Account as if the Fund Account were a registered investment company subject to the investment objective, policies and limitations applicable to the Fund stated in the Trust’s 's Prospectus and Statement of Additional Information, as from time to time in effect, included in the Trust’s 's registration statement or a supplement thereto under the Securities Act of 1933 and the Investment Company Act of 1940 (the “"1940 Act”"), as each may be amended from time to time; provided, however, that if a more stringent restriction or limitation than any of the foregoing is stated in Section B of this Schedule, the more stringent restriction or limitation shall apply to the Fund Account.

SUBSTANTIVE LIMITATIONS. A. The Sub-Adviser will manage the Fund Account as if the Fund Account were a registered investment company subject to the investment objective, policies and limitations applicable to the Fund stated in the Trust’s Prospectus and Statement of Additional Information, as from time to time in effect, included in the Trust’s registration statement or a supplement thereto under the Securities Act of 1933 and the Investment Company Act of 1940 (the “1940 ActACT”), as each may be amended from time to time; provided, however, that if a more stringent restriction or limitation than any of the foregoing is stated in Section B of this Schedule, the more stringent restriction or limitation shall apply to the Fund Account.

SUBSTANTIVE LIMITATIONS. A. The Sub-Adviser will manage the Fund Account as if the Fund Account were a registered investment company subject to the investment objective, policies and limitations applicable to the Fund stated in the TrustFund’s Prospectus and Statement of Additional Information, as from time to time in effect, included in the Trust’s registration statement or a supplement thereto under the Securities Act of 1933 and the Investment Company Act of 1940 (the “1940 Act”), as each may be amended from time to time; provided, however, that if a more stringent restriction or limitation than any of the foregoing is stated in Section B of this Schedule, the more stringent restriction or limitation shall apply to the Fund Account.

SUBSTANTIVE LIMITATIONS. A. The Sub-Adviser will manage the each Fund Account as if the Fund Account were a registered investment company subject to the investment objective, policies and limitations applicable to the that Fund stated in the Trust’s Funds Prospectus and Statement of Additional Information, as from time to time in effect, included in the Trust’s Funds registration statement or a supplement thereto under the Securities Act of 1933 and the Investment Company Act of 1940 (the “"1940 Act”"), as each may be amended from time to time; provided, however, that if a more stringent restriction or limitation than any of the foregoing is stated in Section B of this Schedule, the more stringent restriction or limitation shall apply to the Fund Account.

SUBSTANTIVE LIMITATIONS. A. A The Sub-Adviser will manage the Fund Account as if the Fund Account were a registered investment company subject to the investment objective, policies and limitations applicable to the Fund stated in the Trust’s 's Prospectus and Statement of Additional Information, as from time to time in effect, included in the Trust’s 's registration statement or a supplement thereto under the Securities Act of 1933 and the Investment Company Act of 1940 (the “"1940 Act”ACT"), as each may be amended from time to time; provided, however, that if a more stringent restriction or limitation than any of the foregoing is stated in Section B of this Schedule, the more stringent restriction or limitation shall apply to the Fund Account.

SUBSTANTIVE LIMITATIONS. A. The Sub-Adviser will manage the Fund Account as if the Fund Account were a registered investment company subject to the investment objective, policies and limitations applicable to the Fund stated in the Trust’s Prospectus and Statement of Additional Information, as from time to time in effect, included in the Trust’s registration statement or a supplement thereto under the Securities Act of 1933 and the Investment Company Act of 1940 (the “1940 ActACT”), as each may be amended from time to time; provided, however, that if a more stringent restriction or limitation than any of the foregoing is stated in Section B of this Schedule, the more stringent restriction or limitation shall apply to the Fund Account.

SUBSTANTIVE LIMITATIONS. A. The Sub-Adviser will manage the Fund Account as if the Fund Account were a registered investment company subject to the investment objective, policies and limitations applicable to the Fund stated in the Trust’s Prospectus and Statement of Additional Information, as from time to time in effect, included in the Trust’s registration statement or a supplement thereto under the Securities Act of 1933 and the Investment Company Act of 1940 (the “1940 Act”), as each may be amended from time to time; provided, however, that if a more stringent restriction or limitation than any of the foregoing is stated in Section B of this Schedule, the more stringent restriction or limitation shall apply to the Fund Account.

SUBSTANTIVE LIMITATIONS. A. The Sub-Adviser will manage the each Fund Account as if the Fund Account were a registered investment company subject to the investment objective, policies and limitations applicable to the that Fund stated in the Trust’s Funds Prospectus and Statement of Additional Information, as from time to time in effect, included in the Trust’s Funds registration statement or a supplement thereto under the Securities Act of 1933 and the Investment Company Act of 1940 (the “1940 Act”), as each may be amended from time to time; provided, however, that if a more stringent restriction or limitation than any of the foregoing is stated in Section B of this Schedule, the more stringent restriction or limitation shall apply to the Fund Account.