Common use of Acceptance of Employment; Standard of Performance Clause in Contracts

Acceptance of Employment; Standard of Performance. The Subadviser accepts its employment as a discretionary series adviser of the Designated Series and agrees, subject to the oversight of the Board of Trustees of the Trust (the “Board”) and the Adviser, to use its best professional judgment to make investment decisions for the Designated Series in accordance with the provisions of this Agreement and as set forth in Schedule D attached hereto and made a part hereof. The Subadviser shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority or obligation to act for or represent the Adviser, the Trust or the Series in any way.

Appears in 14 contracts

Samples: Subadvisory Agreement (Virtus Variable Insurance Trust), Subadvisory Agreement (Virtus Opportunities Trust), Virtus Asset Trust (Virtus Asset Trust)

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Acceptance of Employment; Standard of Performance. The Subadviser accepts its employment as a discretionary series adviser of the Designated Series Allocated Portion and agrees, subject to the oversight of the Board of Trustees Directors of the Trust Fund (the “Board”) and the Adviser, to use its best professional judgment to make investment decisions for the Designated Series Allocated Portion in accordance with the provisions of this Agreement and as set forth in Schedule D attached hereto and made a part hereof. The Subadviser shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority or obligation to act for or represent the Adviser, the Trust Adviser or the Series Fund in any way.

Appears in 7 contracts

Samples: Subadvisory Agreement (Virtus Total Return Fund Inc.), Subadvisory Agreement (Virtus Global Dividend & Income Fund Inc.), Subadvisory Agreement (Virtus Global Dividend & Income Fund Inc.)

Acceptance of Employment; Standard of Performance. The Subadviser accepts its employment as a discretionary series adviser of the Designated Allocated Portion of the Series and agrees, subject to the oversight of the Board of Trustees of the Trust (the “Board”) and the Adviser, to use its best professional judgment to make investment decisions for the Designated Allocated Portion of the Series in accordance with the provisions of this Agreement and as set forth in Schedule D attached hereto and made a part hereof. The Subadviser shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority or obligation to act for or represent the Adviser, the Trust or the Series in any way.

Appears in 6 contracts

Samples: Subadvisory Agreement (Virtus Alternative Solutions Trust), Subadvisory Agreement (Virtus Alternative Solutions Trust), Subadvisory Agreement (Virtus Alternative Solutions Trust)

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Acceptance of Employment; Standard of Performance. The Subadviser accepts its employment as a discretionary series adviser of the Designated Series and agrees, subject to the oversight of the Board of Trustees of the Trust (the “Board”) and the Adviser, to use its best professional judgment to make provide investment decisions for advisory services to the Designated Series in accordance with the provisions of this Agreement and as set forth in Schedule D attached hereto and made a part hereof. The Subadviser shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority or obligation to act for or represent the Adviser, the Trust or the Series in any way.

Appears in 1 contract

Samples: Subadvisory Agreement (Virtus Alternative Solutions Trust)

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