Common use of Obligations of and Services to be Provided by the Advisor Clause in Contracts

Obligations of and Services to be Provided by the Advisor. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more sub-advisors for any Fund. Any agreement between the Advisor and a sub-advisor shall be subject to the renewal, termination and amendment provisions of paragraph 10 hereof. The Advisor undertakes to provide the following services and to assume the following obligations: a) The Advisor will manage the investment and reinvestment of the assets of each Fund, subject to and in accordance with the respective investment objectives and policies of each Fund and any directions which the Trust's Board of Trustees may issue from time to time. In pursuance of the foregoing, the Advisor may engage separate investment advisors ("Sub-Advisor(s)") to make all determinations with respect to the investment of the assets of each Fund, to effect the purchase and sale of portfolio securities and to take such steps as may be necessary to implement the same. Such determination and services by each Sub-Advisor shall also include determining the manner in which voting rights, rights to consent to corporate action and any other rights pertaining to the portfolio securities shall be exercised. The Advisor shall, and shall cause each Sub-Advisor to, render regular reports to the Trust's Board of Trustees concerning the Trust's and each Fund's investment activities. b) The Advisor shall, or shall cause the respective Sub-Advisor(s) to place orders for the execution of all portfolio transactions, in the name of the respective Fund and in accordance with the policies with respect thereto set forth in the Trust's registration statements under the 1940 Act and the Securities Act of 1933, as such registration statements may be amended from time to time. In connection with the placement of orders for the execution of portfolio transactions, the Advisor shall create and maintain (or cause the Sub-Advisors to create and maintain) all necessary brokerage records for each Fund, which records shall comply with all applicable laws, rules and regulations, including but not limited to records required by Section 31(a) of the 1940 Act. All records shall be the property of the Trust and shall be available for inspection and use by the Securities and Exchange Commission (the "SEC"), the Trust or any person retained by the Trust. Where applicable, such records shall be maintained by the Advisor (or Sub-Advisor) for the periods and in the places required by Rule 31a-2 under the 1940 Act. c) In the event of any reorganization or other change in the Advisor, its investment principals, supervisors or members of its investment (or comparable) committee, the Advisor shall give the Trust's Board of Trustees written notice of such reorganization or change within a reasonable time (but not later than 30 days) after such reorganization or change. d) The Advisor shall bear its expenses of providing services to the Trust pursuant to this Agreement except such expenses as are undertaken by the Trust. In addition, the Advisor shall pay the salaries and fees, if any, of all Trustees, officers and employees of the Trust who are affiliated persons, as defined in Section 2(a)(3) of the 1940 Act, of the Advisor. e) The Advisor will manage, or will cause the Sub-Advisors to manage, the Fund assets and the investment and reinvestment of such assets so as to comply with the provisions of the 1940 Act and with Subchapter M of the Internal Revenue Code of 1986, as amended.

Appears in 26 contracts

Sources: Investment Advisory Agreement (Countrywide Strategic Trust), Investment Advisory Agreement (Touchstone Strategic Trust), Investment Advisory Agreement (Touchstone Tax Free Trust)

Obligations of and Services to be Provided by the Advisor. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more sub-advisors subadvisors for any Fund. Any agreement between the Advisor and a sub-advisor subadvisor shall be subject to the renewal, termination and 2 amendment provisions of paragraph 10 hereof. The Advisor undertakes to provide the following services and to assume the following obligations: a) The Advisor will manage the investment and reinvestment of the assets of each Fund, subject to and in accordance with the respective investment objectives and policies of each Fund and any directions which the Trust's Board of Trustees may issue from time to time. In pursuance of the foregoing, the Advisor may engage separate investment advisors ("Sub-Advisor(s)") to make all determinations with respect to the investment of the assets of each Fund, to effect the purchase and sale of portfolio securities and to take such steps as may be necessary to implement the same. Such determination and services by each Sub-Advisor shall also include determining the manner in which voting rights, rights to consent to corporate action and any other rights pertaining to the portfolio securities shall be exercised. The Advisor shall, and shall cause each Sub-Advisor to, render regular reports to the Trust's Board of Trustees concerning the Trust's and each Fund's investment activities. b) The Advisor shall, or shall cause the respective Sub-Advisor(s) to place orders for the execution of all portfolio transactions, in the name of the respective Fund and in accordance with the policies with respect thereto set forth in the Trust's registration statements under the 1940 Act and the Securities Act of 1933, as such registration statements may be amended from time to time. In connection with the placement of orders for the execution of portfolio transactions, the Advisor shall create and maintain (or cause the Sub-Advisors to create and maintain) all necessary brokerage records for each Fund, which records shall comply with all applicable laws, rules and regulations, including but not limited to records required by Section 31(a) of the 1940 Act. All records shall be the property of the Trust and shall be available for inspection and use by the Securities and Exchange Commission (the "SEC"), the Trust or any person retained by the Trust. Where applicable, such records shall be maintained by the Advisor (or Sub-Advisor) for the periods and in the places required by Rule 31a-2 under the 1940 Act. c) In the event of any reorganization or other change in the Advisor, its investment principals, supervisors or members of its investment (or comparable) committee, the Advisor shall give the Trust's Board of Trustees written notice of such reorganization or change within a reasonable time (but not later than 30 days) after such reorganization or change. d) The Advisor shall bear its expenses of providing services to the Trust pursuant to this Agreement except such expenses as are undertaken by the Trust. In addition, the Advisor shall pay the salaries and fees, if any, of all Trustees, officers and employees of the Trust who are affiliated persons, as defined in Section 2(a)(3) of the 1940 Act, of the Advisor. e) The Advisor will manage, or will cause the Sub-Advisors to manage, the Fund assets and the investment and reinvestment of such assets so as to comply with the provisions of the 1940 Act and with Subchapter M of the Internal Revenue Code of 1986, as amended.

Appears in 3 contracts

Sources: Investment Advisory Agreement (Select Advisors Trust A), Investment Advisory Agreement (Select Advisors Variable Insurance Trust), Investment Advisory Agreement (Select Advisors Variable Insurance Trust)

Obligations of and Services to be Provided by the Advisor. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more sub-advisors for any Fund. Any agreement between the Advisor and a sub-advisor shall be subject to the renewal, termination and amendment provisions of paragraph 10 hereof. The Advisor undertakes to provide the following services and to assume the following obligations: a) a. The Advisor will shall manage the investment and reinvestment of the assets of each Fund's assets, subject to and in accordance with the respective investment objectives and policies of each Fund and any directions which the Trust's Board of Trustees may issue from time to time. In pursuance of the foregoing, the Advisor may engage separate investment advisors ("Sub-Advisor(s)") to shall make all determinations with respect to the investment of the Fund assets of each Fund, to effect and the purchase and sale of portfolio securities and to shall take such steps as may be necessary to implement the same. Such determination and services by each Sub-Advisor shall also include determining the manner in which voting rights, rights to consent to corporate action and action, any other rights pertaining to the Fund's portfolio securities shall be exercised. The Advisor shall, and shall cause each Sub-Advisor to, render regular reports to the Trust's Board of Trustees concerning the Trust's and each Fund's investment activities. b) b. The Advisor shall, or shall cause in the respective Sub-Advisor(s) to name of the Trust on behalf of each Fund, place orders for the execution of all the Trust's portfolio transactions, in the name of the respective Fund and transactions in accordance with the policies with respect thereto set forth in the Trust's current registration statements statement under the 1940 Act and the Securities Act of 1933, as such registration statements may be amended from time to time1933 Act. In connection with the placement of orders for the execution of the Trust's portfolio transactions, transactions the Advisor shall create and maintain (or cause the Sub-Advisors to create and maintain) all necessary brokerage records for each Fund, which records shall comply of the Trust in accordance with all applicable laws, rules and regulations, including but not limited to records required by Section 31(a) of the 1940 Act. All records shall be the property of the Trust and shall be available for inspection and use by the Securities and Exchange Commission (the "SEC"), the Trust or any person retained by the Trust. Where applicable, such records shall be maintained by the Advisor (or Sub-Advisor) for the periods and in the places required by Rule 31a-2 under the 1940 Act. c) In the event of any reorganization or other change in the Advisor, its investment principals, supervisors or members of its investment (or comparable) committee, the Advisor shall give the Trust's Board of Trustees written notice of such reorganization or change within a reasonable time (but not later than 30 days) after such reorganization or change. d) c. The Advisor shall bear its expenses of providing services to the Trust pursuant to this Agreement except such expenses as are undertaken by the Trust. In addition, the Advisor shall pay the salaries and fees, if any, fees of all Trustees, Trustees and executive officers and who are employees of the Trust who are affiliated persons, as defined in Section 2(a)(3) of the 1940 Act, of the AdvisorAdvisor or its affiliates ("Advisor Employees"). e) The Advisor will manage, or will cause the Sub-Advisors to manage, the Fund assets and the investment and reinvestment of such assets so as to comply with the provisions of the 1940 Act and with Subchapter M of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Sources: Investment Advisory Agreement (Calvert Tax Free Reserves), Investment Advisory Agreement (Calvert Tax Free Reserves)

Obligations of and Services to be Provided by the Advisor. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more sub-advisors for any Fund. Any agreement between the Advisor and a sub-advisor shall be subject to the renewal, termination and amendment provisions of paragraph 10 hereof. The Advisor undertakes to provide the following services and to assume the following obligations: a) a. The Advisor will shall manage the investment and reinvestment of the assets of each FundTrust's assets, subject to and in accordance with the respective investment objectives and policies of each Fund the Trust as stated in the then current prospectus and statement of additional information for the Trust and any directions which the Trust's Board of Trustees may issue from time to time. In pursuance of the foregoing, the Advisor may engage separate investment advisors ("Sub-Advisor(s)") to shall make all determinations with respect to the investment of the Trust's assets of each Fund, to effect and the purchase and sale of portfolio securities and to shall take such steps as may be necessary to implement the same. Such determination and services by each Sub-Advisor shall also include determining the manner in which voting rights, rights to consent to corporate action and action, any other rights pertaining to the Trust's portfolio securities shall be exercised. The Advisor shall, and shall cause each Sub-Advisor to, render regular reports to the Trust's Board of Trustees concerning the Trust's and each Fund's investment activities. b) b. The Advisor shall, or shall cause in the respective Sub-Advisor(s) to name of the Trust, place orders for the execution of all the Trust's portfolio transactions, in the name of the respective Fund and transactions in accordance with the policies with respect thereto set forth in the Trust's registration statements statement under the 1940 Act and the Securities Act of 19331933 Act, as applicable to the Trust as such registration statements statement may be amended from time to time. In connection with the placement of orders for the execution of the Trust's portfolio transactions, the Advisor shall create and maintain (or cause the Sub-Advisors to create and maintain) all necessary brokerage records for each Fund, which records shall comply of the Trust in accordance with all applicable laws, rules and regulations, including but not limited to records required by Section 31(a) of the 1940 Act. All records shall be the property of the Trust and shall be available for inspection and use by the Securities and Exchange Commission (the "SEC"), the Trust or any person retained by the Trust. Where applicable, such records shall be maintained by the Advisor (or Sub-Advisor) for the periods and in the places required by Rule 31a-2 under the 1940 Act. c) In the event of any reorganization or other change in the Advisor, its investment principals, supervisors or members of its investment (or comparable) committee, the Advisor shall give the Trust's Board of Trustees written notice of such reorganization or change within a reasonable time (but not later than 30 days) after such reorganization or change. d) c. The Advisor shall bear its expenses of providing services to the Trust pursuant to this Agreement except such expenses as are undertaken by the Trust. In addition, the Advisor shall pay the salaries and fees, if any, fees of all Trustees, executive officers and employees of the Trust who are affiliated persons, as defined in Section 2(a)(3) of the 1940 Act, of the Advisor. e) The Advisor will manage, or will cause the Sub-Advisors to manage, the Fund assets and the investment and reinvestment of such assets so as to comply with the provisions of the 1940 Act and with Subchapter M of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Sources: Investment Advisory Agreement (Bowes Investment Trust), Investment Advisory Agreement (Bowes Investment Trust)

Obligations of and Services to be Provided by the Advisor. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more sub-advisors for any Fund. Any agreement between the Advisor and a sub-advisor shall be subject to the renewal, termination and amendment provisions of paragraph 10 hereof. The Advisor undertakes to provide the following services and to assume the following obligations: a) a. The Advisor will shall manage the investment and reinvestment of the assets of each Fund's assets, subject to and in accordance with the respective investment objectives and policies of each Fund the Fund, and the social investment screening criteria, as stated in the registration statement, and any directions which the Trust's Board of Trustees may issue from time to time. In pursuance of the foregoing, the Advisor may engage separate investment advisors ("Sub-Advisor(s)") to shall make all determinations with respect to the investment of the assets of each Fund, to effect 's assets and the purchase and sale of portfolio securities and to shall take such steps as may be necessary to implement the same. Such determination and services by each Sub-Advisor shall also include determining the manner in which voting rights, rights to consent to corporate action and action, any other rights pertaining to the a Fund's portfolio securities shall be exercised. The Advisor shall, and shall cause each Sub-Advisor to, render regular reports to the Trust's Board of Trustees concerning the Trust's and each Fund's investment activities. b) b. The Advisor shall, or shall cause in the respective Sub-Advisor(s) to name of the Trust and on behalf of each Fund, place orders for the execution of all the Fund's portfolio transactions, in the name of the respective Fund and transactions in accordance with the policies with respect thereto set forth in the Trust's current registration statements statement under the 1940 Act and the Securities Act of 1933, as such registration statements may be amended from time to time1933 Act. In connection with the placement of orders for the execution of each Fund's portfolio transactions, the Advisor shall create and maintain (or cause the Sub-Advisors to create and maintain) all necessary brokerage records for each Fund, which records shall comply of the Fund in accordance with all applicable laws, rules and regulations, including but not limited to records required by Section 31(a) of the 1940 Act. All records shall be the property of the Trust and shall be available for inspection and use by the Securities and Exchange Commission (the "SEC"), the Trust or any person retained by the Trust. Where applicable, such records shall be maintained by the Advisor (or Sub-Advisor) for the periods and in the places required by Rule 31a-2 under the 1940 Act. c) In the event of any reorganization or other change in the Advisor, its investment principals, supervisors or members of its investment (or comparable) committee, the Advisor shall give the Trust's Board of Trustees written notice of such reorganization or change within a reasonable time (but not later than 30 days) after such reorganization or change. d) c. The Advisor shall bear its expenses of providing services to the Trust and each Fund pursuant to this Agreement except such expenses as are undertaken by the TrustTrust or the Fund. In addition, the Advisor shall pay the salaries and fees, if any, fees of all Trustees, Trustees and executive officers and who are employees of the Trust who are affiliated personsAdvisor or its affiliates ("Advisor Employees"). d. In providing the services and assuming the obligations set forth herein, the Advisor may, at its own expense, employ one or more Subadvisors, as defined in Section 2(a)(3) approved by the Board of Trustees. e. The Advisor is responsible for screening investments to determine that they meet the Fund's social investment screening criteria, as may be amended from time to time with the approval of the 1940 Act, of the AdvisorBoard. e) The Advisor will manage, or will cause the Sub-Advisors to manage, the Fund assets and the investment and reinvestment of such assets so as to comply with the provisions of the 1940 Act and with Subchapter M of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Sources: Investment Advisory Agreement (Calvert Social Investment Fund), Investment Advisory Agreement (Calvert Social Investment Fund)

Obligations of and Services to be Provided by the Advisor. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more sub-advisors for any Fund. Any agreement between the Advisor and a sub-advisor shall be subject to the renewal, termination and amendment provisions of paragraph 10 hereof. The Advisor undertakes to provide the following services and to assume the following obligations: a) a. The Advisor will shall manage the investment and reinvestment of the assets of each FundCorporation's assets, subject to and in accordance with the respective investment objectives and policies of each Fund Fund, and any directions which the TrustCorporation's Board of Trustees Directors may issue from time to time. In pursuance of the foregoing, the Advisor may engage separate investment advisors ("Sub-Advisor(s)") to shall make all determinations with respect to the investment of the Corporation's assets of each Fund, to effect and the purchase and sale of portfolio securities and to shall take such steps as may be necessary to implement the same. Such determination and services by each Sub-Advisor shall also include determining the manner in which voting rights, rights to consent to corporate action and action, any other rights pertaining to the Corporation's portfolio securities shall be exercised. The Advisor shall, and shall cause each Sub-Advisor to, render regular reports to the TrustCorporation's Board of Trustees Directors concerning the Trust's and each FundCorporation's investment activities. b) b. The Advisor shall, or shall cause in the respective Sub-Advisor(s) to name of the Corporation, on behalf of each Fund, place orders for the execution of all portfolio transactions, in the name of the respective Fund and transactions in accordance with the policies with respect thereto set forth in the TrustCorporation's current registration statements statement under the 1940 Act and the Securities Act of 1933, as such registration statements may be amended from time to time1933 Act. In connection with the placement of orders for the execution of portfolio transactions, transactions the Advisor shall create and maintain (or cause the Sub-Advisors to create and maintain) all necessary brokerage records for each Fund, which records shall comply of the Corporation in accordance with all applicable laws, rules and regulations, including but not limited to records required by Section 31(a) of the 1940 Act. All records shall be the property of the Trust Corporation and shall be available for inspection and use by the Securities and Exchange Commission (the "SEC"), the Trust Corporation or any person retained by the TrustCorporation. Where applicable, such records shall be maintained by the Advisor (or Sub-Advisor) for the periods and in the places required by Rule 31a-2 under the 1940 Act. c) In the event of any reorganization or other change in the Advisor, its investment principals, supervisors or members of its investment (or comparable) committee, the Advisor shall give the Trust's Board of Trustees written notice of such reorganization or change within a reasonable time (but not later than 30 days) after such reorganization or change. d) c. The Advisor shall bear its expenses of providing services to the Trust Corporation pursuant to this Agreement except such expenses as are undertaken by the TrustCorporation. In addition, the Advisor shall pay the salaries and fees, if any, fees of all Trustees, Directors and executive officers and who are employees of the Trust who are affiliated persons, as defined in Section 2(a)(3) of the 1940 Act, of the AdvisorAdvisor or its affiliates ("Advisor Employees"). e) The Advisor will manage, or will cause the Sub-Advisors to manage, the Fund assets and the investment and reinvestment of such assets so as to comply with the provisions of the 1940 Act and with Subchapter M of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Sources: Investment Advisory Agreement (Calvert Municipal Fund Inc), Investment Advisory Agreement (Calvert Municipal Fund Inc)

Obligations of and Services to be Provided by the Advisor. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more sub-advisors for any Fund. Any agreement between the Advisor and a sub-advisor shall be subject to the renewal, termination and amendment provisions of paragraph 10 hereof. The Advisor undertakes to provide the following services and to assume the following obligations: a) a. The Advisor will shall manage the investment and reinvestment of the assets of each Fund's assets, subject to and in accordance with the respective investment objectives and policies of each Fund the Fund, and any directions which the Trust's Board of Trustees may issue from time to timesocial investment screening criteria, as stated in the registration statement. In pursuance of the foregoing, the Advisor may engage separate investment advisors ("Sub-Advisor(s)") to shall make all determinations with respect to the investment of the assets of each Fund, to effect 's assets and the purchase and sale of portfolio securities and to shall take such steps as may be necessary to implement the same. Such determination and services by each Sub-Advisor shall also include determining the manner in which voting rights, rights to consent to corporate action and action, any other rights pertaining to the a Fund's portfolio securities shall be exercised. The Advisor shall, and shall cause each Sub-Advisor to, render regular reports to the TrustRIC's Board of Trustees Directors concerning the Trust's and each Fund's investment activities. b) b. The Advisor shall, or shall cause in the respective Sub-Advisor(s) to name of the RIC and on behalf of each Fund, place orders for the execution of all the Fund's portfolio transactions, in the name of the respective Fund and transactions in accordance with the policies with respect thereto set forth in the TrustRIC's current registration statements statement under the 1940 Act and the Securities Act of 1933, as such registration statements may be amended from time to time1933 Act. In connection with the placement of orders for the execution of each Fund's portfolio transactions, the Advisor shall create and maintain (or cause the Sub-Advisors to create and maintain) all necessary brokerage records for each Fund, which records shall comply of the Fund in accordance with all applicable laws, rules and regulations, including but not limited to records required by Section 31(a) of the 1940 Act. All records shall be the property of the Trust RIC and shall be available for inspection and use by the Securities and Exchange Commission (the "SEC"), the Trust RIC or any person retained by the TrustRIC. Where applicable, such records shall be maintained by the Advisor (or Sub-Advisor) for the periods and in the places required by Rule 31a-2 under the 1940 Act. c) In the event of any reorganization or other change in the Advisor, its investment principals, supervisors or members of its investment (or comparable) committee, the Advisor shall give the Trust's Board of Trustees written notice of such reorganization or change within a reasonable time (but not later than 30 days) after such reorganization or change. d) c. The Advisor shall bear its expenses of providing services to the Trust RIC and each Fund pursuant to this Agreement except such expenses as are undertaken by the TrustRIC or the Fund. In addition, the Advisor shall pay the salaries and fees, if any, fees of all Trustees, Directors and executive officers and who are employees of the Trust who are affiliated personsAdvisor or its affiliates ("Advisor Employees"). d. In providing the services and assuming the obligations set forth herein, the Advisor may, at its own expense, employ one or more Subadvisors, as defined in Section 2(a)(3) approved by the Board of Directors. e. The Advisor is responsible for screening investments to determine that they meet the 1940 ActFund's social investment screening criteria. The RIC acknowedges that social screening may either be performed directly by the Advisor, or by an affiliate of the Advisor. e) The Advisor will manage, or will cause the Sub-Advisors to manage, the Fund assets and the investment and reinvestment of such assets so as to comply with the provisions of the 1940 Act and with Subchapter M of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Investment Advisory Agreement (Calvert Social Index Series Inc)

Obligations of and Services to be Provided by the Advisor. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more sub-advisors subadvisors for any FundPortfolio. Any agreement between the Advisor and a sub-advisor subadvisor shall be subject to the renewal, termination and amendment provisions of paragraph 10 hereof. The Advisor undertakes to provide the following services and to assume the following obligations: a) The Advisor will manage the investment and reinvestment of the assets of each FundPortfolio, subject to and in accordance with the respective investment objectives and policies of each Fund Portfolio and any directions which the Trust's Board of Trustees may issue from time to time. In pursuance of the foregoing, the Advisor may engage separate investment advisors ("Sub-Portfolio Advisor(s)") to make all determinations with respect to the investment of the assets of each FundPortfolio, to effect the purchase and sale of portfolio securities and to take such steps as may be necessary to implement the same. Such determination and services by each Sub-Portfolio Advisor shall also include determining the manner in which voting rights, rights to consent to corporate action and any other rights pertaining to the portfolio securities shall be exercised. The Advisor shall, and shall cause each Sub-Portfolio Advisor to, render regular reports to the Trust's Board of Trustees concerning the Trust's and each FundPortfolio's investment activities. b) The Advisor shall, or shall cause the respective Sub-Portfolio Advisor(s) to place orders for the execution of all portfolio transactions, in the name of the respective Fund Portfolio and in accordance with the policies with respect thereto set forth in the Trust's registration statements under the 1940 Act and the Securities Act of 1933, as such registration statements may be amended from time to time. In connection with the placement of orders for the execution of portfolio transactions, the Advisor shall create and maintain (or cause the Sub-Portfolio Advisors to create and maintain) all necessary brokerage records for each FundPortfolio, which records shall comply with all applicable laws, rules and regulations, including but not limited to records required by Section 31(a) of the 1940 Act. All records shall be the property of the Trust and shall be available for inspection and use by the Securities and Exchange Commission (the "SEC"), the Trust or any person retained by the Trust. Where applicable, such records shall be maintained by the Advisor (or Sub-Portfolio Advisor) for the periods and in the places required by Rule 31a-2 31a-02 under the 1940 Act. c) In the event of any reorganization or other change in the Advisor, its investment principals, supervisors or members of its investment (or comparable) committee, the Advisor shall give the Trust's Board of Trustees written notice of such reorganization or change within a reasonable time (but not later than 30 days) after such reorganization or change. d) The Advisor shall bear its expenses of providing services to the Trust pursuant to this Agreement except such expenses as are undertaken by the Trust. In addition, the Advisor shall pay the salaries and fees, if any, of all Trustees, officers and employees of the Trust who are affiliated persons, as defined in Section 2(a)(3) of the 1940 Act, of the Advisor. e) The Advisor will manage, or will cause the Sub-Advisors to manage, the Fund assets and the investment and reinvestment of such assets so as to comply with the provisions of the 1940 Act and with Subchapter M of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Investment Advisory Agreement (Select Advisors Variable Insurance Trust)

Obligations of and Services to be Provided by the Advisor. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more sub-advisors for any Fund. Any agreement between the Advisor and a sub-advisor shall be subject to the renewal, termination and amendment provisions of paragraph 10 hereof. The Advisor undertakes to provide the following services and to assume the following obligations: a) a. The Advisor will shall manage the investment and reinvestment of the assets of each Fund's assets, subject to and in accordance with the respective investment objectives and policies of each the Fund, and the social investment criteria, as stated in the then current prospectus and statement of additional information for the Fund and any directions which the Trust's Board of Trustees may issue from time to time. In pursuance of the foregoing, the Advisor may engage separate investment advisors ("Sub-Advisor(s)") to shall make all determinations with respect to the investment of the assets of each Fund, to effect 's assets and the purchase and sale of portfolio securities and to shall take such steps as may be necessary to implement the same. Such determination and services by each Sub-Advisor shall also include determining the manner in which voting rights, rights to consent to corporate action and action, any other rights pertaining to the a Fund's portfolio securities shall be exercised. The Advisor shall, and shall cause each Sub-Advisor to, render regular reports to the Trust's Board of Trustees concerning the Trust's and each Fund's investment activities. b) b. The Advisor shall, or shall cause in the respective Sub-Advisor(s) to name of the Trust on behalf of each Fund, place orders for the execution of all the Fund's portfolio transactions, in the name of the respective Fund and transactions in accordance with the policies with respect thereto set forth in the Trust's registration statements statement under the 1940 Act and the Securities Act of 19331933 Act, as applicable to the Fund as such registration statements statement may be amended from time to time. In connection with the placement of orders for the execution of each Fund's portfolio transactions, the Advisor shall create and maintain (or cause the Sub-Advisors to create and maintain) all necessary brokerage records for each Fund, which records shall comply of the Fund in accordance with all applicable laws, rules and regulations, including but not limited to records required by Section 31(a) of the 1940 Act. All records shall be the property of the Trust and shall be available for inspection and use by the Securities and Exchange Commission (the "SEC"), the Trust or any person retained by the Trust. Where applicable, such records shall be maintained by the Advisor (or Sub-Advisor) for the periods and in the places required by Rule 31a-2 under the 1940 Act. c) In the event of any reorganization or other change in the Advisor, its investment principals, supervisors or members of its investment (or comparable) committee, the Advisor shall give the Trust's Board of Trustees written notice of such reorganization or change within a reasonable time (but not later than 30 days) after such reorganization or change. d) c. The Advisor shall bear its expenses of providing services to the Trust and each Fund pursuant to this Agreement except such expenses as are undertaken by the TrustTrust or the Fund. In addition, the Advisor shall pay the salaries and fees, if any, fees of all Trustees, and executive officers and who are employees of the Trust who are affiliated personsAdvisor or its affiliates ("Advisor Employees"). d. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more Subadvisors. References herein to the Advisor shall include any Subadvisor employed by the Advisor. Any agreement between the Advisor and a Subadvisor shall be subject to the Renewal, Termination and Amendment provisions of paragraph 10 hereof. e. The Advisor is responsible for screening investments to determine that they meet the Fund's social investment criteria, as defined in Section 2(a)(3) of may be amended from time to time by the 1940 Act, of the AdvisorTrustees. e) The Advisor will manage, or will cause the Sub-Advisors to manage, the Fund assets and the investment and reinvestment of such assets so as to comply with the provisions of the 1940 Act and with Subchapter M of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Investment Advisory Agreement (Calvert Social Investment Fund)

Obligations of and Services to be Provided by the Advisor. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more sub-advisors subadvisors for any FundPortfolio. Any agreement between the Advisor and a sub-advisor subadvisor shall be subject to the renewal, termination and amendment provisions of paragraph 10 hereof. The Advisor undertakes to provide the following services and to assume the following obligations: a) The Advisor will manage the investment and reinvestment of the assets of each FundPortfolio, subject to and in accordance with the respective investment objectives and policies of each Fund Portfolio and any directions which the Trust's Board of Trustees may issue from time to time. In pursuance of the foregoing, the Advisor may engage separate investment advisors ("Sub-Portfolio Advisor(s)") to make all determinations with respect to the investment of the assets of each FundPortfolio, to effect the purchase and sale of portfolio securities and to take such steps as may be necessary to implement the same. Such determination and services by each Sub-Portfolio Advisor shall also include determining the manner in which voting rights, rights to consent to corporate action and any other rights pertaining to the portfolio securities shall be exercised. The Advisor shall, and shall cause each Sub-Portfolio Advisor to, render regular reports to the Trust's Board of Trustees concerning the Trust's and each FundPortfolio's investment activities. b) The Advisor shall, or shall cause the respective Sub-Portfolio Advisor(s) to place orders for the execution of all portfolio transactions, in the name of the respective Fund Portfolio and in accordance with the policies with respect thereto set forth in the Trust's registration statements under the 1940 Act and the Securities Act of 1933, as such registration statements may be amended from time to time. In connection with the placement of orders for the execution of portfolio transactions, the Advisor shall create and maintain (or cause the Sub-Portfolio Advisors to create and maintain) all necessary brokerage records for each FundPortfolio, which records shall comply with all applicable laws, rules and regulations, including but not limited to records required by Section 31(a) of the 1940 Act. All records shall be the property of the Trust and shall be available for inspection and use by the Securities and Exchange Commission (the "SEC"), the Trust or any person retained by the Trust. Where applicable, such records shall be maintained by the Advisor (or Sub-Portfolio Advisor) for the periods and in the places required by Rule 31a-2 31a- 02 under the 1940 Act. c) In the event of any reorganization or other change in the Advisor, its investment principals, supervisors or members of its investment (or comparable) committee, the Advisor shall give the Trust's Board of Trustees written notice of such reorganization or change within a reasonable time (but not later than 30 days) after such reorganization or change. d) The Advisor shall bear its expenses of providing services to the Trust pursuant to this Agreement except such expenses as are undertaken by the Trust. In addition, the Advisor shall pay the salaries and fees, if any, of all Trustees, officers and employees of the Trust who are affiliated persons, as defined in Section 2(a)(3) of the 1940 Act, of the Advisor. e) The Advisor will manage, or will cause the Sub-Advisors to manage, the Fund assets and the investment and reinvestment of such assets so as to comply with the provisions of the 1940 Act and with Subchapter M of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Investment Advisory Agreement (Select Advisors Variable Insurance Trust)

Obligations of and Services to be Provided by the Advisor. In providing the services and assuming the obligations set forth herein, the Advisor may, at its expense, employ one or more sub-advisors for any Fund. Any agreement between the Advisor and a sub-advisor shall be subject to the renewal, termination and amendment provisions of paragraph 10 hereof. The Advisor undertakes to provide the following services and to assume the following obligations: a) a. The Advisor will shall manage the investment and reinvestment of the assets of each Fund's assets, subject to and in accordance with the respective investment objectives and policies of each the Fund as stated in the then current prospectus and statement of additional information for the Fund and any directions which the Trust's Board of Trustees may issue from time to time. In pursuance of the foregoing, the Advisor may engage separate investment advisors ("Sub-Advisor(s)") to shall make all determinations with respect to the investment of the assets of each Fund, to effect 's assets and the purchase and sale of portfolio securities and to shall take such steps as may be necessary to implement the same. Such determination and services by each Sub-Advisor shall also include determining the manner in which voting rights, rights to consent to corporate action and action, any other rights pertaining to the a Fund's portfolio securities shall be exercised. The Advisor shall, and shall cause each Sub-Advisor to, render regular reports to the Trust's Board of Trustees concerning the Trust's and each Fund's investment activities. b) b. The Advisor shall, or shall cause in the respective Sub-Advisor(s) to name of the Trust on behalf of each Fund, place orders for the execution of all the Fund's portfolio transactions, in the name of the respective Fund and transactions in accordance with the policies with respect thereto set forth in the Trust's registration statements statement under the 1940 Act and the Securities Act of 19331933 Act, as applicable to the Fund as such registration statements statement may be amended from time to time. In connection with the placement of orders for the execution of each Fund's portfolio transactions, the Advisor shall create and maintain (or cause the Sub-Advisors to create and maintain) all necessary brokerage records for each Fund, which records shall comply of the Fund in accordance with all applicable laws, rules and regulations, including but not limited to records required by Section 31(a) of the 1940 Act. All records shall be the property of the Trust and shall be available for inspection and use by the Securities and Exchange Commission (the "SEC"), the Trust or any person retained by the Trust. Where applicable, such records shall be maintained by the Advisor (or Sub-Advisor) for the periods and in the places required by Rule 31a-2 under the 1940 Act. c) In the event of any reorganization or other change in the Advisor, its investment principals, supervisors or members of its investment (or comparable) committee, the Advisor shall give the Trust's Board of Trustees written notice of such reorganization or change within a reasonable time (but not later than 30 days) after such reorganization or change. d) c. The Advisor shall bear its expenses of providing services to the Trust and each Fund pursuant to this Agreement except such expenses as are undertaken by the TrustTrust or the Fund. In addition, the Advisor shall pay the salaries and fees, if any, fees of all Trustees, executive officers and employees of the Trust who are affiliated persons, as defined in Section 2(a)(3) of the 1940 Act, of the Advisor. e) The d. In providing the services and assuming the obligations set forth herein, the Advisor will managemay, at its expense, employ one or will cause the more Sub-Advisors Advisors. References herein to managethe Advisor shall include any Sub-Advisor employed by the Advisor. Any agreement between the Advisor and a Sub-Advisor shall be subject to the Renewal, the Fund assets Termination and the investment and reinvestment of such assets so as to comply with the Amendment provisions of the 1940 Act and with Subchapter M of the Internal Revenue Code of 1986, as amendedparagraph 11 hereof.

Appears in 1 contract

Sources: Investment Advisory Agreement (Calvert Social Investment Fund)