The Funds Sample Clauses

The Funds. The Trust, on behalf of each Fund, on a Fund-by-Fund basis out of the assets of the particular Fund for which an expense relates, agrees to pay all of the following costs of operating such Fund: (i) interest, taxes (including, but not limited to, income, excise, transaction, transfer and withholding taxes) and registration fees and expenses; (ii) expenses of the Fund incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions and short sale dividend or interest expense; (iii) expenses incurred in connection with any distribution plan adopted by the Trust in compliance with Rule 12b-1 under the 1940 Act, including distribution fees; (iv) Acquired Fund Fees and Expenses; (v) litigation expenses; (vi) proxy-related expenses; (vii) tax reclaim recovery expenses; and (viii) any expenses determined to be extraordinary expenses. For the avoidance of doubt, any fees and expenses incurred by a Fund in connection with the lending of its portfolio securities shall be treated as reducing the gross revenues or income receivable from such arrangements and shall not be treated as a fee or expense for which the Adviser is responsible.
The Funds. The term “Funds” refers collectively to the Top-Tier Funds and the Underlying Funds, each of which is an open-end management investment company registered under the Investment Company Act of 1940 (the “1940 Act”) or a separate series thereof.
The Funds authorize the Manager to perform on behalf of the Funds, and the Manager agrees to perform, the legal services listed on Exhibit 3 hereto (the "Legal Services"), subject to the supervision of the Boards of Trustees. For purposes of clarity, it is recognized that such Legal Services are provided for the benefit of the Funds in conjunction with legal services separately provided to the Funds by counsel to the Funds, and nothing in this Agreement shall cause the Manager to be responsible for the fees and disbursements of counsel to the Funds. The Manager agrees that any Legal Services will, to the extent required by applicable law, be performed by persons admitted to practice in the appropriate jurisdiction and in a manner consistent with any applicable code of professional conduct. The list of Legal Services to be performed by the Manager may be revised from time to time by mutual agreement of the parties.
The Funds. Each of the Funds is a Maryland Corporation registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940 (the “Act”) as an open-end diversified management investment company. Each Fund serves as a funding vehicle for variable annuity contracts and variable life insurance contracts and, as such, sells its shares to insurance companies and their separate accounts. With respect to various provisions of the Act, the SEC requires that owners of variable annuity contracts and variable life insurance contracts be provided with materials and rights afforded to shareholders of a publicly-available SEC-registered mutual fund.
The Funds. The Trust, on behalf of each Fund, on a Fund-by-Fund basis out of the assets of the particular Fund for which an expense relates, agrees to pay all of the following expenses incurred by such Fund:
The Funds. There is no vesting under this Wholesaling Agreement of any compensation on the Funds. Payment of such compensation shall cease with termination of this Wholesaling Agreement.
The Funds. 5.1 [The Company undertakes to [the Upper Tier Councils] to administer each of the Funds in accordance with the purposes for which they were each established, the rules and any guidance issued in respect of each Fund and the reasonable requirements of LCC (or any successor) in their capacity as Accountable Body for each of the Funds].
The Funds. The Host Organisation will invoice Snow Medical for the Funds in accordance with the Payment Schedule. The invoice must be in the form of a tax invoice.
The Funds. Schedule 2 lists the Funds and, in the case of a Fund of the "series" type, the Series of such a Fund that have been made available as investment options for each class of Contracts. Each Fund listed on Schedule 2, as in effect at the time this Agreement is executed, has been established and a registration statement has been filed with the SEC. Additional Funds and Fund Series may be added to Schedule 2 from time to time in accordance with Section 2.2.3 of this Agreement. Xxxxxxxx-Xxxxxxxxx understands and agrees that with regard to the Funds, it must at all times maintain one (1) subadviser that is not Xxxxxxxx-Xxxxxxxxx or an Affiliate of Xxxxxxxx-Xxxxxxxxx.
The Funds. Each Fund party represents that it is free to enter into this Agreement and that by doing so it will not breach or otherwise impair any other agreement or understanding with any other person, corporation or other entity. Each Fund party further represents, warrants and covenants that: