Common use of Documents and Applicable Laws Clause in Contracts

Documents and Applicable Laws. Nothing herein contained shall be deemed to require the Trust or each Fund to take any action contrary to the Trust's Agreement and Declaration of Trust, By-Laws, or any applicable statute or regulation, or to relieve or deprive the Board of Trustees of the Trust of its responsibility for and control of the conduct of the affairs of the Trust and Fund. In this connection, the Advisor acknowledges that the Trustees retain ultimate plenary authority over each Fund and may take any and all actions necessary and reasonable to protect the interests of shareholders.

Appears in 1 contract

Sources: Investment Advisory Agreement (Professionally Managed Portfolios)

Documents and Applicable Laws. Nothing herein contained shall be deemed to require the Trust or each Fund the Portfolio to take any action contrary to the Trust's Agreement and Declaration of Trust, By-Laws, or any applicable statute or regulation, or to relieve or deprive the Board of Trustees of the Trust of its responsibility for and control of the conduct of the affairs of the Trust and FundPortfolio. In this connection, the Advisor acknowledges that the Trustees retain ultimate plenary authority over each Fund the Portfolio and may take any and all actions necessary and reasonable to protect the interests of shareholders.

Appears in 1 contract

Sources: Investment Advisory Agreement (Pic Investment Trust)

Documents and Applicable Laws. Nothing herein contained shall be deemed to require the Trust or each Fund the Funds to take any action contrary to the Trust's Agreement and Declaration of Trust, By-Laws, or any applicable statute or regulation, or to relieve or deprive the Board of Trustees of the Trust of its responsibility for and control of the conduct of the affairs of the Trust and Fundthe Funds. In this connection, the Advisor acknowledges that the Trustees retain ultimate plenary authority over each Fund the Funds and may take any and all actions necessary and reasonable to protect the interests of shareholders.

Appears in 1 contract

Sources: Investment Advisory Agreement (Masters Select Funds Trust)