Common use of Status of the Subadviser Clause in Contracts

Status of the Subadviser. The services of the Subadviser to the Adviser and the Company are not to be deemed exclusive, and both the Adviser and Subadviser shall be free to render similar services to others and to use the same or other information and investment strategy utilized in the performance of services to the Company for such other fund, portfolio, firm, individual or account. Nothing herein shall prevent the Subadviser, its principals and affiliates from trading in financial instruments or other investments for their own accounts or for other accounts the Subadviser or its affiliates manage. The Subadviser shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Company in any way or otherwise be deemed an agent of the Company.

Status of the Subadviser. The services of the Subadviser to the Adviser and the Company Trust are not to be deemed exclusive, and both the Adviser and Subadviser shall be free to render similar services to others and to use the same or other information and investment strategy utilized in the performance of services to the Company Trust for such other fund, portfolio, firm, individual or account. Nothing herein shall prevent the Subadviser, its principals and affiliates from trading in financial instruments or other investments for their own accounts or for other accounts the Subadviser or its affiliates manage. The Subadviser shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Company Trust in any way or otherwise be deemed an agent of the CompanyTrust.