Common use of Oversight of Service Providers Clause in Contracts

Oversight of Service Providers. The CCO is responsible for overseeing, on behalf of the Trust, adherence to the written compliance policies and procedures of the Trust’s service providers, including CLIENT and distributor (the “Distributor”) (CLIENT and Distributor, collectively, the “Service Providers”). In furtherance of this duty, A. No later than , 200 , the CCO shall obtain and review the written compliance policies and procedures of the Service Providers or summaries of such policies that have been drafted by someone familiar with them. B. The CCO shall monitor the Service Providers’ compliance with their own written compliance policies and procedures, Federal Securities Laws and

Oversight of Service Providers. The CCO is responsible for overseeing, on behalf of the Trust, adherence to the written compliance policies and procedures of the Trust’s service providers, including CLIENT Kotak Mahindra (UK) Ltd. (“Kotak”) and distributor (the “Distributor”) (CLIENT Kotak and Distributor, collectively, the “Service Providers”). In furtherance of this duty, A. No later than , 200 2008, the CCO shall obtain and review the written compliance policies and procedures of the Service Providers or summaries of such policies that have been drafted by someone familiar with them. B. The CCO shall monitor the Service Providers’ compliance with their own written compliance policies and procedures, Federal Securities Laws and the Trust’s Indenture and Regulatory Relief, Declaration of Trust and