VTL definition
Examples of VTL in a sentence
VTL represents that it has notice of the provisions of the Declaration of Trust of the Trust disclaiming Trustee or shareholder liability for acts or obligations of the Trust.
Provided that the Trust shall not be required to pay any compensation other than as provided by the terms of this Agreement and subject to the provisions of paragraph 7 hereof, VTL may obtain investment information, research or assistance from any other person, firm or corporation to supplement, update or otherwise improve its investment management services.
Any officers or employees of VTL or any entity controlling, controlled by or under common control with VTL, who may also serve as officers, trustees or employees of the Trust shall not receive any compensation from the Trust for their services.
The Trust hereby employs VTL and VTL hereby undertakes to act as the investment adviser of the Fund and to perform for the Fund such other duties and functions as are hereinafter set forth.
In reaching such determination, VTL will not be required to place or attempt to place a specific dollar value on the brokerage and/or research services provided or being provided by such broker-dealer.