Investment Advisory Duties of the Sub Adviser. (a) Retention of Sub-Adviser. The Adviser hereby engages the Sub-Adviser, and the Sub-Adviser accepts such engagement, to perform the services set forth in this Agreement, subject to oversight by the Board. The parties acknowledge and agree that, as the Sub-Adviser is a wholly owned subsidiary of Main Street and employs all of Main Street’s investment professionals, in the event that Main Street, succeeds the Sub-Adviser as sub-adviser to the BDC consistent with the advice of counsel, the approval of this Agreement by the board of directors and the stockholders of the BDC, as required under Section 15 of the 1940 Act, shall be deemed to be the approval of Main Street as sub-adviser to the BDC.
Investment Advisory Duties of the Sub Adviser. Subject to the supervision of the Trustees and the Adviser, the Sub-Adviser will, in coordination with the Adviser as described below: (a) provide a program of continuous investment management for the Funds; (b) make investment decisions for the Funds; and (c) place orders to purchase and sell securities for the Funds in accordance with the Funds’ investment objectives, policies and limitations as stated in the Funds’ current Prospectus and Statement of Additional Information as provided to the Sub-Adviser by the Adviser, as they may be amended from time to time; provided, that the Adviser shall provide the Sub-Adviser reasonable advance notice of any change to such investment objectives, policies and limitations. The Sub-Adviser further agrees that, in performing its duties hereunder, it will:
Investment Advisory Duties of the Sub Adviser
