Appointment of the Sub-Adviser. The Investment Manager hereby appoints the Sub-Adviser to act as an investment adviser for the Fund with respect to the portion of the assets of the Fund allocated to, and invested and managed by, the Sub-Adviser (the “Allocated Portion”), subject to the supervision and oversight of the Investment Manager and the Board, and in accordance with the terms and conditions of this Agreement. The Sub-Adviser will be an independent contractor and will have no authority to act for or represent the Fund or the Investment Manager in any way or otherwise be deemed an agent of the Fund or the Investment Manager except as expressly authorized in this Agreement or another writing by the Fund, the Investment Manager and the Sub-Adviser.
Appears in 8 contracts
Samples: Investment Sub Advisory Agreement (Cliffwater Corporate Lending Fund), Investment Sub Advisory Agreement (Cliffwater Corporate Lending Fund), Interim Sub Advisory Agreement (Cliffwater Corporate Lending Fund)
Appointment of the Sub-Adviser. The Investment Manager hereby appoints the Sub-Adviser to act as an investment adviser for the Fund with respect to the portion of the assets of the Fund allocated to, and invested and managed by, the Sub-Adviser (the “Allocated Portion”), subject to the supervision and oversight of the Investment Manager and the Board, and in accordance with the terms and conditions of this Agreement. The Sub-Adviser will be an independent contractor and will have no authority to act for or represent the Fund or the Investment Manager in any way or otherwise be deemed an agent of the Fund or the Investment Manager except as expressly authorized in this Agreement or another writing signed by the Fund, the Investment Manager and the Sub-Adviser.
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (U.S. Monthly Income Fund for Puerto Rico Residents, Inc.)
