Common use of Trust Administration Clause in Contracts

Trust Administration. The Adviser shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its services. The Adviser shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser shall supervise the Fund’s business affairs. In addition, to the extent not otherwise provided by other parties under agreements with the Trust, the Adviser shall supply: (i) non-investment related statistical and research data; (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund and (iii) executive and administrative services. The Adviser shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: (i) tax returns; (ii) reports to shareholders of the Fund; (iii) reports to, and filings with, the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s registration statement; and (iv) necessary materials for meetings of the Trust’s Board of Trustees. The Adviser shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the Fund, review of the books and records of the Fund maintained by such third parties, and the review and submission to the officers of the Fund for their approval, of invoices or other requests for payment of Fund expenses; and such other action with respect to the Fund as may be necessary in the opinion of the Adviser to perform its duties hereunder.

Trust Administration. The Adviser shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its services. The Adviser shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser shall supervise the Fund’s business affairs. In addition, to the extent not otherwise provided by other parties under agreements with the Trust, the Adviser shall supply: (i) non-investment related statistical and research data; (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund and (iii) executive and administrative services. The Adviser shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: (i) tax returns; (ii) reports to shareholders of the Fund; (iii) reports to, and filings with, the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s registration statement; and (iv) necessary materials for meetings of the Trust’s Board of Trustees. The Adviser shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the Fund, review of the books and records of the Fund maintained by such third parties, and the review and submission to the officers of the Fund for their approval, of invoices or other requests for payment of Fund expenses; and such other action with respect to the Fund as may be necessary in the opinion of the Adviser to perform its duties hereunder.

Trust Administration. The Adviser Administrator shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its servicesservices as administrator. The Adviser Administrator shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; , (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; , (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; , and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser Administrator shall supervise the Fund’s Trust's business affairsaffairs not otherwise supervised by other agents of the Trust. In addition, to To the extent not otherwise the primary responsibility of, or provided by by, other parties under agreements agreement with the Trust, the Adviser Administrator shall supply: supply (i) non-investment related statistical and research data; , (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund internal regulatory compliance services, and (iii) executive and administrative services. The Adviser Administrator shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: of (i) tax returns; , (ii) reports to shareholders of the Fund; Trust, (iii) reports to, to and filings with, with the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s 's registration statement; , and (iv) necessary materials for meetings of the Trust’s 's Board of Trustees. The Adviser Administrator shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees; provided, however, that the Trust shall reimburse the Administrator for the expenses incurred by such personnel in attending Board of Trustees' meetings and shareholders' meetings of the Trust. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the FundTrust, review of the books and records of the Fund Trust maintained by such third parties, and the review and submission to the officers of the Fund Trust for their approval, of invoices or other requests for payment of Fund Trust expenses; and such other action with respect to the Fund Trust as may be necessary in the opinion of the Adviser Administrator to perform its duties hereunder.

Trust Administration. The Adviser KCO Investments shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its services. The Adviser KCO Investments shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser KCO Investments shall supervise the Fund’s business affairsaffairs . In addition, to the extent not otherwise provided by other parties under agreements agreement s with the Trust, the Adviser KCO Investments shall supply: (i) non-investment related statistical and research data; (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund and (iii) executive and administrative services. The Adviser KCO Investments shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: (i) tax returns; (ii) reports to shareholders of the Fund; (iii) reports to, and filings with, the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s registration statement; and (iv) necessary materials for meetings of the Trust’s Board of Trustees. The Adviser KCO Investments shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the Fund, review of the books and records of the Fund maintained by such third parties, and the review and submission to the officers of the Fund for their approval, of invoices or other requests for payment of Fund expenses; and such other action with respect to the Fund as may be necessary in the opinion of the Adviser KCO Investments to perform its duties hereunder.

Trust Administration. The Adviser KCO Investments shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its services. The Adviser KCO Investments shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser KCO Investments shall supervise the Fund’s business affairsaffairs . In addition, to the extent not otherwise provided by other parties under agreements agreement s with the Trust, the Adviser KCO Investments shall supply: (i) non-investment related statistical and research data; (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund and (iii) executive and administrative services. The Adviser KCO Investments shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: (i) tax returns; (ii) reports to shareholders of the Fund; (iii) reports to, and filings with, the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s registration statement; and (iv) necessary materials for meetings of the Trust’s Board of Trustees. The Adviser KCO 1 Investments shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the Fund, review of the books and records of the Fund maintained by such third parties, and the review and submission to the officers of the Fund for their approval, of invoices or other requests for payment of Fund expenses; and such other action with respect to the Fund as may be necessary in the opinion of the Adviser KCO Investments to perform its duties hereunder.

Trust Administration. The Adviser Administrator shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its servicesservices as administrator. The Adviser Administrator shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; , (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; , (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; , and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser Administrator shall supervise the Fund’s Trust's business affairsaffairs not otherwise supervised by other agents of the Trust. In addition, to To the extent not otherwise the primary responsibility of, or provided by by, other parties under agreements agreement with the Trust, the Adviser Administrator shall supply: supply (i) non-investment related statistical and research data; , (ii) the internal regulatory compliance services, (iii) accounting services of a Chief Compliance Officer for the Trust with respect to the Fund and (iiiiv) executive and administrative services. The Adviser Administrator shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: of (i) tax returns; , (ii) reports to shareholders of the Fund; Trust, (iii) reports to, to and filings with, with the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s 's registration statement; , and (iv) necessary materials for meetings of the Trust’s 's Board of Trustees. The Adviser Administrator shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees; provided, however, that the Trust shall reimburse the Administrator for the expenses incurred by such personnel in attending Board of Trustees' meetings and shareholders' meetings of the Trust. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the FundTrust, review of the books and records of the Fund Trust maintained by such third parties, and the review and submission to the officers of the Fund Trust for their approval, of invoices or other requests for payment of Fund Trust expenses; and such other action with respect to the Fund Trust as may be necessary in the opinion of the Adviser Administrator to perform its duties hereunder.

Trust Administration. The Adviser shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its services. The Adviser shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser shall supervise the Fund’s business affairs. In addition, to the extent not otherwise provided by other parties under agreements with the Trust, the Adviser shall supply: (i) non-investment related statistical and research data; (ii) the services of a Chief Compliance Officer for the Trust (the “CCO”), as selected by the Board of Trustees of the Trust, with respect to the Fund and (iii) executive and administrative services. The Adviser shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: (i) tax returns; (ii) reports to shareholders of the Fund; (iii) reports to, and filings with, the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s registration statement; and (iv) necessary materials for meetings of the Trust’s Board of Trustees. The Adviser shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the Fund, review of the books and records of the Fund maintained by such third parties, and the review and submission to the officers of the Fund for their approval, of invoices or other requests for payment of Fund expenses; and such other action with respect to the Fund as may be necessary in the opinion of the Adviser to perform its duties hereunder.

Trust Administration. The Adviser Administrator shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its servicesservices as administrator. The Adviser Administrator shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; , (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; , (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; , and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser Administrator shall supervise the Fund’s Trust's business affairsaffairs not otherwise supervised by other agents of the Trust. In addition, to To the extent not otherwise the primary responsibility of, or provided by by, other parties under agreements agreement with the Trust, the Adviser Administrator shall supply: supply the following: (i) non-investment related statistical and research data; ; (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund and internal regulatory compliance services; and (iii) executive and administrative services. The Adviser Administrator shall also assist with and/or supervise the preparation by of the Trust’s administrator, transfer agent, and/or auditors of: following: (i) tax returns; ; (ii) reports to shareholders of the Fund; Trust; (iii) reports to, to and filings with, with the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s 's registration statement; and , and (iv) necessary materials for meetings of the Trust’s 's Board of Trustees. The Adviser Administrator shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees; provided, however, that the Trust shall reimburse the Administrator for the expenses incurred by such personnel in attending Board of Trustees' meetings and shareholders' meetings of the Trust. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the FundTrust, review of the books and records of the Fund Trust maintained by such third parties, and the review and submission to the officers of the Fund Trust for their approval, of invoices or other requests for payment of Fund Trust expenses; and such other action with respect to the Fund Trust as may be necessary in the opinion of the Adviser Administrator to perform its duties hereunder.

Trust Administration. The Adviser shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its services. The Adviser shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws Bylaws of the Trust; and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser shall supervise the Fund’s business affairs. In addition, to the extent not otherwise provided by other parties under agreements with the Trust, the Adviser shall supply: (i) non-investment related statistical and research data; (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund and (iii) executive and administrative services. The Adviser shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: (i) tax returns; (ii) reports to shareholders of the Fund; (iii) reports to, and filings with, the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s registration statement; and (iv) necessary materials for meetings of the Trust’s Board of Trustees. The Adviser shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the Fund, review of the books and records of the Fund maintained by such third parties, and the review and submission to the officers of the Fund for their approval, of invoices or other requests for payment of Fund expenses; and such other action with respect to the Fund as may be necessary in the opinion of the Adviser to perform its duties hereunder.

Trust Administration. The Adviser shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its services. The Adviser shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser shall supervise the Fund’s business affairs. In addition, to the extent not otherwise provided by other parties under agreements with the Trust, the Adviser shall supply: (i) non-investment related statistical and research data; (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund and (iii) executive and administrative services. The Adviser shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: (i) tax returns; (ii) reports to shareholders of the Fund; (iii) reports to, and filings with, the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s 's registration statement; and (iv) necessary materials for meetings of the Trust’s 's Board of Trustees. The Adviser shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the Fund, review of the books and records of the Fund maintained by such third parties, and the review and submission to the officers of the Fund for their approval, of invoices or other requests for payment of Fund expenses; and such other action with respect to the Fund as may be necessary in the opinion of the Adviser to perform its duties hereunder.