Common use of Duties of Sub Adviser Clause in Contracts

Duties of Sub Adviser. (a) Subject to the direction, control and supervision of the Board and Quadra, Sub-Adviser shall direct the investments of the Funds and shall make decisions with respect to all purchases and sales of securities and other investment assets in the Funds. To carry out such decisions, Sub-Adviser is hereby authorized, as agent and attorney-in-fact for the Trust, for the account of, and in the name of the Trust, to place orders and issue instructions with respect to those transactions of the Funds. In all purchases, sales and other transactions in securities for the Funds, Sub-Adviser is authorized to exercise full discretion and act for the Trust in the same manner and with the same force and effect as the Trust might or could do with respect to such purchases, sales or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or other transactions.

Duties of Sub Adviser. (a) Subject to the direction, control and supervision of the Board and QuadraWestwood, Sub-Adviser shall direct the investments of the Funds and shall make decisions with respect to all purchases and sales of securities and other investment assets in the Funds. To carry out such decisions, Sub-Adviser is hereby authorized, as agent and attorney-in-fact for the Trust, for the account of, and in the name of the Trust, to place orders and issue instructions with respect to those transactions of the Funds. In all purchases, sales and other transactions in securities for the Funds, Sub-Adviser is authorized to exercise full discretion and act for the Trust in the same manner and with the same force and effect as the Trust might or could do with respect to such purchases, sales or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or other transactions.