Common use of Investment Adviser Clause in Contracts

Investment Adviser. Without limiting the powers set forth in Paragraph 4 above, the Trustees shall have the power to appoint and discharge from time to time one or more investment advisers (individually, an “Adviser” and collectively, the “Advisers”). Such Adviser or Advisers may be authorized by the Trustees to supervise the investment operations of the Fund and the composition of its portfolio, and may also be authorized to furnish the Fund with advice and recommendations concerning investments, investment policies, and the purchase or sale of securities as well as advice concerning appropriate persons to fill positions with the Fund. In connection with the performance of the foregoing duties, the Adviser or Advisers may be further authorized to carry out and execute purchases and sales of investments and to perform such other acts as the Trustees may deem necessary or advisable.

Investment Adviser. Without limiting the powers set forth in Paragraph 4 above, the Trustees shall have the power to appoint and discharge from time to time one or more investment advisers (individually, an “"Adviser” " and collectively, the “"Advisers”"). Such Adviser or Advisers may be authorized by the Trustees to supervise the investment operations of the Fund and the composition of its portfolio, and may also be authorized to furnish the Fund with advice and recommendations concerning investments, investment policies, and the purchase or sale of securities as well as advice concerning appropriate persons to fill positions with the Fund. In connection with the performance of the foregoing duties, the Adviser or Advisers may be further authorized to carry out and execute purchases and sales of investments and to perform such other acts as the Trustees may deem necessary or advisable.

Investment Adviser. Without limiting the powers set forth in Paragraph 4 5 above, the Trustees shall have the power to appoint and discharge from time to time one or more investment advisers (individually, an “Adviser” and collectively, the “Investment Advisers”). Such Adviser or Advisers may be authorized by the Trustees to supervise the investment operations of the Fund Fund, and the composition of its portfolio, and may also be authorized to furnish the Fund with advice and recommendations concerning investments, investment policies, and the purchase or and sale of securities as well as advice concerning appropriate persons to fill positions with the Fund. In connection with the performance of the foregoing duties, the such Adviser or Advisers may be further authorized to carry out and execute purchases and sales of investments and to perform such other acts as the Trustees may deem necessary or advisable.

Investment Adviser. Without limiting the powers set forth in Paragraph 4 5 above, the Trustees shall have the power to appoint and discharge from time to time one or more investment advisers (individually, an “"Adviser” " and collectively, the “"Advisers”"). Such Adviser or Advisers may be authorized by the Trustees to supervise the investment operations of the Fund Fund, and the composition of its portfolio, and may also be authorized to furnish the Fund with advice and recommendations concerning investments, investment policies, and the purchase or and sale of securities as well as advice concerning appropriate persons to fill positions with the Fund. In connection with the performance of the foregoing duties, the such Adviser or Advisers may be further authorized to carry out and execute purchases and sales of investments and to perform such other acts as the Trustees may deem necessary or advisable.