Common use of Appointment as Subadviser Clause in Contracts

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of the assets of the Fund as determined in the sole discretion of the Adviser (the “Subadviser Assets”) subject to the supervision of the Adviser and the Board of Trustees of the Trust and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other investment companies and other managed accounts and that the Adviser and the Trust do not object to such activities.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of the assets of the Fund as determined in the sole discretion of the Adviser (the “"Subadviser Assets”") subject to the supervision of the Adviser and the Board of Trustees Directors of the Trust Fund and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other private pooled investment companies vehicles and other managed accounts and that the Adviser and the Trust Fund do not object to such activities.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of the assets of the Fund as determined in the sole discretion of the Adviser (the “Subadviser Assets”) subject to the supervision of the Adviser and the Board of Trustees of the Trust and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other private pooled investment companies vehicles and other managed accounts and that the Adviser and the Trust do not object to such activities.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of the assets of the Fund as determined in the sole discretion of the Adviser (the “"Subadviser Assets”") subject to the supervision of the Adviser and the Board of Trustees of (the Trust "Board") and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other private pooled investment companies vehicles and other managed accounts and that the Adviser and the Trust do not object to such activities.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of the assets of the Fund as determined in the sole discretion of the Adviser (the “"Subadviser Assets”") subject to the supervision of the Adviser and the Board of Trustees of the Trust and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other private pooled investment companies vehicles and other managed accounts and that the Adviser and the Trust do not object to such activities.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of the assets of the Fund as determined in the sole discretion of the Adviser Funds (the “"Subadviser Assets”") subject to the supervision of the Adviser and the Board of Trustees of the Trust and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other private pooled investment companies vehicles and other managed accounts and that the Adviser and the Trust do not object to such activities.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of the assets of the Fund as determined in the sole discretion of the Adviser (the “Subadviser Assets”) subject to the supervision of the Adviser and the Board of Trustees of the Trust and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other investment companies and other managed accounts and that the Adviser and the Trust do not object to such activities, except as prohibited by Section 7, below.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of a portion the assets of the Fund as determined in the sole discretion of the Adviser (the “Subadviser Assets”) subject to the supervision of the Adviser and the Board of Trustees of the Trust and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other investment companies and other managed accounts and that the Adviser and the Trust do not object to such activities.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of the assets of the Fund as determined in the sole discretion of the Adviser (the “Subadviser Assets”) subject to the supervision of the Adviser and the Board of Trustees of (the Trust “Board”) and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other private pooled investment companies vehicles and other managed accounts and that the Adviser and the Trust do not object to such activities.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser subadviser for and to manage all of the assets of the Fund as determined in the sole discretion of the Adviser Funds (the “"Subadviser Assets”") subject to the supervision of the Adviser and the Board of Trustees of the Trust and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser or subadviser to one or more other private pooled investment companies vehicles and other managed accounts and that the Adviser and the Trust do not object to such activities.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of the assets of the Fund as determined in the sole discretion of the Adviser (the “"Subadviser Assets”") subject to the supervision of the Adviser and the Board of Trustees Directors of the Trust and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser AssetsAssets pursuant to the terms of this Agreement. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other private pooled investment companies vehicles and other managed accounts and that the Adviser and the Trust do not object to such activities.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of the assets of the Fund as determined in the sole discretion of the Adviser Funds (the “"Subadviser Assets”") subject to the supervision of the Adviser and the Board of Trustees of (the Trust "Board") and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other private pooled investment companies vehicles and other managed accounts and that the Adviser and the Trust do not object to such activities.

Appointment as Subadviser. The Adviser hereby appoints the Subadviser to act as investment adviser for and to manage all of the assets of the each Fund as determined in the sole discretion of the Adviser (the “Subadviser Assets”) subject to the supervision of the Adviser and the Board of Trustees of the Trust and subject to the terms of this Agreement; and the Subadviser hereby accepts such appointment. In such capacity, the Subadviser shall be responsible for the investment management of the Subadviser Assets. It is recognized that the Subadviser and certain of its affiliates may act as investment adviser to one or more other investment companies and other managed accounts and that the Adviser and the Trust do not object to such activities.