Common use of Adviser’s and Fund’s Use of Sub-Adviser Name Clause in Contracts

Adviser’s and Fund’s Use of Sub-Adviser Name. During the term of this Agreement and as required for legal and regulatory compliance thereafter, the Adviser and the Fund shall have a royalty-free license to use the name of the Sub-Adviser, including any short-form of such name, or any combination or derivation thereof in all materials relating to the Fund. The Sub-Adviser acknowledges and agrees that the Adviser, the Fund, and the Fund’s selling agents will use such names in marketing the Fund to current and prospective investors. During the term of this Agreement, the Sub-Adviser shall have the right, at its own expense, to review and approve in writing all forms of sales and other marketing materials that include the Sub-Adviser’s logo; provided, however, the Sub-Adviser shall not be responsible in any manner for the preparation or distribution of such materials. The Adviser and the Fund shall cease to use the name and logo of the Sub-Adviser in any written materials (except as may be reasonably necessary in the sole discretion of the Adviser, to comply with applicable law or regulation) promptly, and in any event within five days, upon termination of this Agreement.

Appears in 5 contracts

Samples: Investment Sub Advisory Agreement (Blackstone Alternative Investment Funds), Investment Sub Advisory Agreement (Blackstone Alternative Investment Funds), Sub Advisory Agreement (Blackstone Alternative Investment Funds)

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