Common use of Further Duties of Sub-Adviser Clause in Contracts

Further Duties of Sub-Adviser. In all matters relating to the performance of this Agreement, the Sub-Adviser shall act in conformity with the Fund's Articles of Incorporation and By-Laws, as each may be amended or supplemented, and currently effective Registration Statement (as defined below) and with the written instructions and directions of the Board and the Investment Adviser, and shall comply with the requirements of the 1940 Act, the Advisers Act, the rules thereunder, and all other applicable federal and state laws and regulations. Sub-Adviser makes no representation or warranty, express or implied, that any level of performance or investment results will be achieved by any Portfolio, or that any Portfolio will perform comparably with any standard or index, including other clients of Sub-Adviser, whether public or private.

Further Duties of Sub-Adviser. In all matters relating to the performance of this Agreement, the Sub-Adviser shall act in conformity with the Fund's Articles of Incorporation and By-Laws, as each may be amended or supplemented, and the Fund's currently effective Registration Statement (as defined below) and with the written instructions and directions of the Board and the Investment Adviser, and shall comply with the requirements of the 1940 Act, the Advisers Act, the rules thereunder, and all other applicable federal and state laws and regulations. Sub-Adviser makes no representation or warranty, express or implied, that any level of performance or investment results will be achieved by any Portfolio, Portfolio or that any Portfolio will perform comparably with any standard or index, including other clients of Sub-Adviser, whether public or private.