Common use of Delegation of Portfolio Management Services Clause in Contracts

Delegation of Portfolio Management Services. Subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement or other arrangement, delegate to any other company that you control, are controlled by, or are under common control with, or to specified employees of any such companies, or to more than one such company, to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such company or employees and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement, delegate to any other company that is not an "affiliated person" (as defined in the 0000 Xxx) of you or of the Fund (other than by reason of serving as an investment adviser to the Fund) (each a "sub-adviser"), to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such sub-adviser and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the provisions of this Agreement, the duties of any sub-adviser or delegate, the portion of portfolio assets of the Fund that the sub-adviser or delegate shall manage and the fees to be paid to the sub-adviser or delegate by you under and pursuant to any sub-advisory agreement or other arrangement entered into in accordance with this Agreement may be adjusted from time to time by you, subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act.

Delegation of Portfolio Management Services. Subject to the prior approval of a majority of the members of the Fund's Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement or other arrangement, delegate to any other company that you control, are controlled by, or are under common control with, or to specified employees of any such companies, or to more than one such company, to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such company or employees and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the prior approval of a majority of the members of the Fund's Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement, delegate to any other company that is not an "affiliated person" (as defined in the 0000 Xxx1940 Act) of you or of the Fund (other than by reason of serving as an investment ax xx xxxestment adviser to the Fund) (each a "sub-adviser"), to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such sub-adviser and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the provisions of this Agreement, the duties of any sub-adviser or delegate, the portion of portfolio assets of the Fund that the sub-adviser or delegate shall manage and the fees to be paid to the sub-adviser or delegate by you under and pursuant to any sub-advisory agreement or other arrangement entered into in accordance with this Agreement may be adjusted from time to time by you, subject to the prior approval of a majority of the members of the Fund's Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act.

Delegation of Portfolio Management Services. Subject to the prior approval of a majority of the members of the Fund's ’s Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "“interested persons," ” as defined in the 1940 Act, you may, through a sub-advisory agreement or other arrangement, delegate to any other company that you control, are controlled by, or are under common control with, or to specified employees of any such companies, or to more than one such company, to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such company or employees and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the prior approval of a majority of the members of the Fund's ’s Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "“interested persons," ” as defined in the 1940 Act, you may, through a sub-advisory agreement, delegate to any other company that is not an "“affiliated person" ” (as defined in the 0000 Xxx) of you or of the Fund (other than by reason of serving as an investment adviser to the Fund) (each a "“sub-adviser"”), to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such sub-adviser and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the provisions of this Agreement, the duties of any sub-adviser or delegate, the portion of portfolio assets of the Fund that the sub-adviser or delegate shall manage and the fees to be paid to the sub-adviser or delegate by you under and pursuant to any sub-advisory agreement or other arrangement entered into in accordance with this Agreement may be adjusted from time to time by you, subject to the prior approval of a majority of the members of the Fund's ’s Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "“interested persons," ” as defined in the 1940 Act.

Delegation of Portfolio Management Services. Subject to the prior approval of a majority of the members of the Fund's Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement or other arrangement, delegate to any other company that you control, are controlled by, or are under common control with, or to specified employees of any such companies, or to more than one such company, to the extent permitted by applicable law, certain of your duties enumerated in section 2 3 hereof; provided, that you shall continue to supervise and oversee the services provided by such company or employees and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the prior approval of a majority of the members of the Fund's Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement, delegate to any other company that is not an "affiliated person" (as defined in the 0000 Xxx1940 Act) of you or of the Fund (other than by reason of serving as an investment adviser xx xxxxstment advisor to the Fund) (each a "sub-adviseradvisor"), to the extent permitted by applicable law, certain of your duties enumerated in section 2 3 hereof; provided, that you shall continue to supervise and oversee the services provided by such sub-adviser advisor and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the provisions of this Agreement, the duties of any sub-adviser advisor or delegate, the portion of portfolio assets of the Fund that the sub-adviser advisor or delegate shall manage and the fees to be paid to the sub-adviser advisor or delegate by you under and pursuant to any sub-advisory agreement or other arrangement entered into in accordance with this Agreement may be adjusted from time to time by you, subject to the prior approval of a majority of the members of the Fund's Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act.

Delegation of Portfolio Management Services. Subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement or other arrangement, delegate to any other company that you control, are controlled by, or are under common control with, or to specified employees of any such companies, or to more than one such company, to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such company or employees and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement, delegate to any other company that is not an "affiliated person" (as defined in the 0000 Xxx1940 Act) of you or of the Fund (other than by reason of serving as an investment xx xx xxvestment adviser to the Fund) (each a "sub-adviser"), to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such sub-adviser and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the provisions of this Agreement, the duties of any sub-adviser or delegate, the portion of portfolio assets of the Fund that the sub-adviser or delegate shall manage and the fees to be paid to the sub-adviser or delegate by you under and pursuant to any sub-advisory agreement or other arrangement entered into in accordance with this Agreement may be adjusted from time to time by you, subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act.

Delegation of Portfolio Management Services. Subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement or other arrangement, delegate to any other company that you control, are controlled by, or are under common control with, or to specified employees of any such companies, or to more than one such company, to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such company or employees and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement, delegate to any other company that is not an "affiliated person" (as defined in the 0000 Xxx1940 Act) of you or of the Fund Xxxx (other xther than by reason of serving as an investment adviser to the Fund) (each a "sub-adviser"), to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such sub-adviser and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the provisions of this Agreement, the duties of any sub-adviser or delegate, the portion of portfolio assets of the Fund that the sub-adviser or delegate shall manage and the fees to be paid to the sub-adviser or delegate by you under and pursuant to any sub-advisory agreement or other arrangement entered into in accordance with this Agreement may be adjusted from time to time by you, subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act.

Delegation of Portfolio Management Services. Subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement or other arrangement, delegate to any other company that you control, are controlled by, or are under common control with, or to specified employees of any such companies, or to more than one such company, to the extent permitted by applicable law, certain of your duties enumerated in section 2 3 hereof; provided, that you shall continue to supervise and oversee the services provided by such company or employees and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement, delegate to any other company that is not an "affiliated person" (as defined in the 0000 Xxx1940 Act) of you or of the Fund (other than by reason of serving as an investment adviser ax xx xxxestment advisor to the Fund) (each a "sub-adviseradvisor"), to the extent permitted by applicable law, certain of your duties enumerated in section 2 3 hereof; provided, that you shall continue to supervise and oversee the services provided by such sub-adviser advisor and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the provisions of this Agreement, the duties of any sub-adviser advisor or delegate, the portion of portfolio assets of the Fund that the sub-adviser advisor or delegate shall manage and the fees to be paid to the sub-adviser advisor or delegate by you under and pursuant to any sub-advisory agreement or other arrangement entered into in accordance with this Agreement may be adjusted from time to time by you, subject to the prior approval of a majority of the members of the Fund's Board of Directors, including a majority of the Directors who are not "interested persons," as defined in the 1940 Act.

Delegation of Portfolio Management Services. Subject to the prior approval of a majority of the members of the Fund's Trust’s Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement or other arrangement, delegate to any other company that you control, are controlled by, or are under common control with, or to specified employees of any such companies, or to more than one such company, to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such company or employees and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the prior approval of a majority of the members of the Fund's Trust’s Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement, delegate to any other company that is not an "affiliated person" (as defined in the 0000 Xxx) of you or of the Fund (other than by reason of serving as an investment adviser advisor to the Fund) (each a "sub-adviseradvisor"), to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such sub-adviser advisor and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the provisions of this Agreement, the duties of any sub-adviser advisor or delegate, the portion of portfolio assets of the Fund that the sub-adviser advisor or delegate shall manage and the fees to be paid to the sub-adviser advisor or delegate by you under and pursuant to any sub-advisory agreement or other arrangement entered into in accordance with this Agreement may be adjusted from time to time by you, subject to the prior approval of a majority of the members of the Fund's Trust’s Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act.

Delegation of Portfolio Management Services. Subject to the prior approval of a majority of the members of the Fund's ’s Board of Directors, including a majority of the Directors who are not "“interested persons," ” as defined in the 1940 Act, you may, through a sub-advisory agreement or other arrangement, delegate to any other company that you control, are controlled by, or are under common control with, or to specified employees of any such companies, or to more than one such company, to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such company or employees and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the prior approval of a majority of the members of the Fund's ’s Board of Directors, including a majority of the Directors who are not "“interested persons," ” as defined in the 1940 Act, you may, through a sub-advisory agreement, delegate to any other company that is not an "“affiliated person" ” (as defined in the 0000 Xxx) of you or of the Fund (other than by reason of serving as an investment adviser to the Fund) (each a "“sub-adviser"”), to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such sub-adviser and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the provisions of this Agreement, the duties of any sub-adviser or delegate, the portion of portfolio assets of the Fund that the sub-adviser or delegate shall manage and the fees to be paid to the sub-adviser or delegate by you under and pursuant to any sub-advisory agreement or other arrangement entered into in accordance with this Agreement may be adjusted from time to time by you, subject to the prior approval of a majority of the members of the Fund's ’s Board of Directors, including a majority of the Directors who are not "“interested persons," ” as defined in the 1940 Act.

Delegation of Portfolio Management Services. Subject to the prior approval of a majority of the members of the Fund's Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement or other arrangement, delegate to any other company that you control, are controlled by, or are under common control with, or to specified employees of any such companies, or to more than one such company, to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such company or employees and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the prior approval of a majority of the members of the Fund's Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act, you may, through a sub-advisory agreement, delegate to any other company that is not an "affiliated person" (as defined in the 0000 Xxx1940 Act) of you or of the Fund (other than by reason of serving as an investment adviser xx xxxxstment advisor to the Fund) (each a "sub-adviseradvisor"), to the extent permitted by applicable law, certain of your duties enumerated in section 2 hereof; provided, that you shall continue to supervise and oversee the services provided by such sub-adviser advisor and any such delegation shall not relieve you of any of your obligations hereunder. Subject to the provisions of this Agreement, the duties of any sub-adviser advisor or delegate, the portion of portfolio assets of the Fund that the sub-adviser advisor or delegate shall manage and the fees to be paid to the sub-adviser advisor or delegate by you under and pursuant to any sub-advisory agreement or other arrangement entered into in accordance with this Agreement may be adjusted from time to time by you, subject to the prior approval of a majority of the members of the Fund's Board of DirectorsTrustees, including a majority of the Directors Trustees who are not "interested persons," as defined in the 1940 Act.