Common use of Investment Documentation Clause in Contracts

Investment Documentation. The Sub-Adviser is authorized on behalf of the Subsidiary (i) to enter into agreements and execute any documents (e.g., exchange traded and over-the-counter derivatives documentation) required to make investments pursuant to the Investment Guidelines, which shall include any market or industry standard documentation (including applicable ISDA protocols) and the standard representations contained therein; to enter Subsidiary and/or Derivative Transaction information on relevant web applications to efficiently comply with regulatory requirements; and (iii) to acknowledge the receipt of brokers’ risk disclosure statements, electronic trading disclosure statements and similar disclosures. The Adviser represents, warrants and covenants that it and the Subsidiary have full capacity, power and authority to enter into, carry out and perform its obligations arising in respect of all derivatives transactions and to authorize the Sub-Adviser to perform the activities on behalf of the Subsidiary of a nature described herein, and acknowledges and agrees that the Sub-Adviser will rely on this representation, warranty and covenant in doing so. The Adviser agrees and covenants that the Sub-Adviser will have no liability to the Adviser or the Subsidiary, or any person claiming through, or on behalf of the Subsidiary, or by right of the Subsidiary, or any other person, arising from the fact that the Subsidiary lacked the full capacity, power and authority to enter into, carry out and perform its obligations arising in respect of all derivatives transactions or to grant the authority purported to be granted to the Sub-Adviser set forth in this Agreement, and the Adviser agrees to hold the Sub-Adviser harmless against all losses which may be incurred by the Sub-Adviser in connection with a claim made against the Sub-Adviser by a counterparty as a result of the Subsidiary lacking such capacity, power and authority.

Appears in 2 contracts

Samples: Sub Advisory Agreement (Lincoln Funds Trust), Sub Advisory Agreement (Lincoln Funds Trust)

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Investment Documentation. The Sub-Adviser is authorized on behalf of the Subsidiary Fund (i) to enter into agreements and execute any documents (e.g., exchange traded and over-the-counter derivatives documentation) required to make investments pursuant to the Investment Guidelines, which shall include any market or industry standard documentation (including applicable ISDA protocols) and the standard representations contained therein; to enter Subsidiary Fund and/or Derivative Transaction information on relevant web applications to efficiently comply with regulatory requirements; and (iii) to acknowledge the receipt of brokers' risk disclosure statements, electronic trading disclosure statements and similar disclosures. The Adviser represents, warrants and covenants that it and the Subsidiary have has full capacity, power and authority to enter into, carry out and perform its obligations arising in respect of all derivatives transactions and to authorize the Sub-Adviser to perform the activities on behalf of the Subsidiary Fund of a nature described herein, and acknowledges and agrees that the Sub-Adviser will rely on this representation, warranty and covenant in doing so. The Adviser agrees and covenants that the Sub-Adviser will have no liability to the Adviser or the SubsidiaryFund, or any person claiming through, or on behalf of the SubsidiaryFund, or by right of the SubsidiaryFund, or any other person, arising from the fact that the Subsidiary Fund lacked the full capacity, power and authority to enter into, carry out and perform its obligations arising in respect of all derivatives transactions or to grant the authority purported to be granted to the Sub-Adviser set forth in this Agreement, and the Adviser agrees to hold the Sub-Adviser harmless against all losses which may be incurred by the Sub-Adviser in connection with a claim made against the Sub-Adviser by a counterparty as a result of the Subsidiary Fund lacking such capacity, power and authority.

Appears in 1 contract

Samples: Sub Advisory Agreement (Lincoln Variable Insurance Products Trust)

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Investment Documentation. The Sub-Adviser is authorized on behalf of the Subsidiary Fund (i) to enter into agreements and execute any documents (e.g., exchange traded and over-the-counter derivatives documentation) required to make investments pursuant to the Investment Guidelines, which shall include any market or industry standard documentation (including applicable ISDA protocols) and the standard representations contained therein; to enter Subsidiary Fund and/or Derivative Transaction information on relevant web applications to efficiently comply with regulatory requirements; and (iii) to acknowledge the receipt of brokers’ risk disclosure statements, electronic trading disclosure statements and similar disclosures. The Adviser represents, warrants and covenants that it and the Subsidiary Fund have full capacity, power and authority to enter into, carry out and perform its obligations arising in respect of all derivatives transactions and to authorize the Sub-Adviser to perform the activities on behalf of the Subsidiary Fund of a nature described herein, and acknowledges and agrees that the Sub-Adviser will rely on this representation, warranty and covenant in doing so. The Adviser agrees and covenants that the Sub-Adviser will have no liability to the Adviser or the SubsidiaryFund, or any person claiming through, or on behalf of the SubsidiaryFund, or by right of the SubsidiaryFund, or any other person, arising from the fact that the Subsidiary Fund lacked the full capacity, power and authority to enter into, carry out and perform its obligations arising in respect of all derivatives transactions or to grant the authority purported to be granted to the Sub-Adviser set forth in this Agreement, and the Adviser agrees to hold the Sub-Adviser harmless against all losses which may be incurred by the Sub-Adviser in connection with a claim made against the Sub-Adviser by a counterparty as a result of the Subsidiary Fund lacking such capacity, power and authority.

Appears in 1 contract

Samples: Sub Advisory Agreement (Lincoln Funds Trust)

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