Common use of Compliance Rules Clause in Contracts

Compliance Rules. Advisor, in collaboration with PWP, will develop investment guidelines, restrictions and compliance rules for the Subadvisor Managed Assets (the “Rules”) such that each Fund will operate in compliance with the Relevant Laws when all such Rules are implemented and followed by Subadvisor and any Other Subadvisors. Subadvisor is responsible for pre-trade compliance with the Rules as communicated by Advisor. If any violation by Subadvisor of such Rules results in a violation of the Relevant Laws by any Fund, Subadvisor shall be responsible for the overall Fund violation and will be responsible for the correction of such error in accordance with the Advisor’s and the relevant Fund’s error correction policies.

Compliance Rules. Advisor, in collaboration with PWP, will develop investment guidelines, restrictions and compliance rules for the Subadvisor Managed Assets (the “Rules”) such that each Fund will operate in compliance with the Relevant Laws when all such Rules are implemented and followed by Subadvisor and any Other Subadvisors. Subadvisor is responsible for pre-trade compliance with the Rules as communicated by Advisor. If any violation by Subadvisor of such Rules results in a violation of the Relevant Laws by any Fund, Subadvisor shall be responsible for the overall Fund violation and will be responsible for the correction of such error in accordance with the Advisor’s and the relevant Fund’s error correction policies.

Compliance Rules. Advisor, in collaboration with PWP, Advisor will develop investment guidelines, restrictions restrictions, and compliance rules for the Subadvisor Managed Assets Funds (the “"Rules”") such that each Fund will operate in compliance with the Relevant Laws when all such Rules are implemented and followed by Subadvisor and any Other Subadvisors, if any. Subadvisor is responsible for pre-trade compliance of each Model Portfolio with the Rules as before it is communicated by to Advisor. If any violation by Subadvisor of such Rules in a Model Portfolio communicated to the Advisor results in a violation of the Relevant Laws by any Fund, Subadvisor shall be responsible for the overall Fund violation and will be responsible for the correction of such error in accordance with the Advisor’s 's and the relevant Fund’s 's error correction policies.

Compliance Rules. Advisor, in collaboration with PWP, will develop investment guidelines, restrictions and compliance rules for the Subadvisor Managed Assets (the “"Rules”") such that each Fund will operate in compliance with the Relevant Laws when all such Rules are implemented and followed by Subadvisor and any Other Subadvisors. Subadvisor is responsible for pre-trade compliance with the Rules as communicated by Advisor. If any violation by Subadvisor of such Rules results in a violation of the Relevant Laws by any Fund, Subadvisor shall be responsible for the overall Fund violation and will be responsible for the correction of such error in accordance with the Advisor’s 's and the relevant Fund’s 's error correction policies, as provided to Subadvisor.

Compliance Rules. Advisor, in collaboration with PWP, will develop investment guidelines, restrictions and compliance rules for the Subadvisor Managed Assets (the “Rules”) such that each Fund will operate in compliance with the Relevant Laws when all such Rules are implemented and followed by Subadvisor and any Other Subadvisors. Subadvisor is responsible for pre-trade compliance with the Rules as communicated by Advisor. If any violation by Subadvisor of such Rules results in a violation of the Relevant Laws by any FundFund solely as a result of Subadvisor’s violation, Subadvisor shall be responsible for the overall Fund violation and will be responsible for the correction of such error in accordance with the Advisor’s and the relevant Fund’s error correction policies.

Compliance Rules. Advisor, in collaboration with PWP, will develop investment guidelines, restrictions and compliance rules for the Subadvisor Managed Assets (the “"Rules”") such that each Fund will operate in compliance with the Relevant Laws when all such Rules are implemented and followed by Subadvisor and any Other Subadvisors. Subadvisor is responsible for pre-trade compliance with the Rules as communicated by Advisor. If any Ifany violation by Subadvisor of such Rules results in a violation of the Relevant Laws by any Fund, Subadvisor shall be responsible for the overall Fund violation and will be responsible for the correction of such error in accordance with the Advisor’s 's and the relevant Fund’s 's error correction policies, as provided to Subadvisor.

Compliance Rules. Advisor, in collaboration with PWP, will develop investment guidelines, restrictions and compliance rules for the Subadvisor Managed Assets (the “Rules”) such that each Fund will operate in compliance with the Relevant Laws when all such Rules are implemented and followed by Subadvisor and any Other Subadvisors. Subadvisor is responsible for pre-trade compliance with the Rules as communicated by Advisor. If any violation by Subadvisor of such Rules results in a violation of the Relevant Laws by any Fund, Subadvisor shall be responsible for the overall Fund violation and will be responsible for the correction of such error in accordance with the Advisor’s and the relevant Fund’s error correction policies, in each case to the extent that such violation was caused solely by Subadvisor.

Compliance Rules. Advisor, in collaboration with PWP, will develop investment guidelines, restrictions and compliance rules for the Subadvisor Managed Assets (the “Rules”) such that each Fund will operate in compliance with the Relevant Laws when all such Rules are implemented and followed by Subadvisor and any Other Subadvisors. Subadvisor is responsible for pre-trade compliance with the Rules as communicated by Advisor. If any violation by Subadvisor of such Rules results in a violation of the Relevant Laws by any Fund, Subadvisor shall be responsible for any losses to the overall Fund resulting from such violation and will be responsible for of the correction of such error Rules in accordance with the Advisor’s and the relevant Fund’s error correction policies.

Compliance Rules. Advisor, in collaboration with PWP, will develop investment guidelines, restrictions and compliance rules for the Subadvisor Managed Assets (the “Rules”) such that each Fund will operate in compliance with the Relevant Laws when all such Rules are implemented and followed by Subadvisor and any Other Subadvisors. Subadvisor is responsible for pre-trade compliance with the Rules as communicated by Advisor. If any violation by Subadvisor of such Rules results in a violation of the Relevant Laws by any Fund, Subadvisor shall be responsible for the overall Fund violation and will be responsible for the correction of such error in accordance with the Advisor’s and the relevant Fund’s error correction policiespolicies as provided to the Subadvisor in writing.