EAM definition
Examples of EAM in a sentence
EAM shall furnish, or cause to be furnished, the Administrative Services at no less than the level at which such Administrative Services were previously provided under the Advisory Agreements.
No Fund and EAM are partners of or joint venturers with each other and nothing herein shall be construed so as to make them such partners or joint venturers or impose any liability as such on any of them.
Nothing herein contained will prevent EAM or any of its affiliates, directors, trustees, employees, or associates from engaging in any other business or from acting as investment adviser, investment manager, administrator or in any other capacity for any other person or entity, whether or not having investment policies or a portfolio similar to any Fund.
It is specifically understood that officers, directors, trustees and employees of EAM and its affiliates may engage in providing portfolio management services and advice and administrative services to other clients of EAM or of its affiliates.
This Agreement is terminable with respect to a Fund without penalty by the Fund’s Board on not more than 60 days’ nor less than 30 days’ written notice to EAM, or by EAM upon not less than 60 days’ written notice to the Fund and will be terminated upon the mutual written consent of EAM and the Fund.
Neither EAM nor any director, trustee, employee or shareholder of EAM will be liable for any error of judgment or mistake of law or for any loss suffered by any Fund in connection with the matters to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith or gross negligence on EAM’s part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Agreement.
Termination of this Agreement with respect to a Fund will not be deemed to terminate or otherwise invalidate any provisions of this Agreement with any other Fund or any Fund’s Advisory Agreement or any other contract between EAM and any Fund.
Notwithstanding any of the foregoing to the contrary, the provisions of this Section 7 shall not be construed so as to relieve (or attempt to relieve) EAM of any liability, to the extent (but only to the extent) that such liability may not be waived, modified or limited under applicable law, but shall be construed so as to effectuate the provisions of this Section 7 to the fullest extent permitted by law.
EAM also agrees during the term of this Agreement to provide persons satisfactory to each Fund’s Board of Trustees/Directors (the “Board”) to act as officers and employees of the Fund and shall pay the salaries and wages of all officers and employees of the Fund who are also officers and employees of EAM or of an “affiliated person” (as defined in the 1▇▇▇ ▇▇▇) of EAM other than the Fund.
In addition to the foregoing, EAM also agrees during the term of this Agreement to furnish, or cause to be furnished, fund accounting services solely with respect to Value Line Asset Allocation Fund, Inc.