Common use of Investment Limits Clause in Contracts

Investment Limits. In the performance of its duties and obligations under this Agreement with respect to Allocated Assets, Sub-Adviser shall act in conformity with applicable limits and requirements, as amended from time to time, as set forth in the (A) Funds’ Prospectus(es) and SAI(s) as currently in effect, including the sustainability criteria of each such Sub-Adviser as disclosed by that Fund; (B) instructions and directions of the Manager and of the Trustees; (C) requirements of the 1940 Act, the Internal Revenue Code of 1986, as amended, as applicable to each Fund, and all other applicable federal and state laws and regulations; and (D) the procedures and standards set forth in, or established in accordance with, the Advisory Agreement to the extent communicated to Sub-Adviser. In managing the Allocated Assets of each Fund, Sub-Adviser shall apply each of such limits and restrictions to that Fund’s Allocated Assets as though such assets constituted the entire Fund. Notwithstanding the foregoing, Sub-Adviser shall not be responsible to the Manager or the Funds for any Fund’s investment adherence to a percentage restriction contained in the Fund’s investment objective(s) or investment restrictions as set forth in the Funds’ currently effective Prospectus(es) and SAI(s) with respect to the portion of the Fund’s assets which is not allocated to Sub-Adviser.

Investment Limits. In the performance of its duties and obligations under this Agreement with respect to Allocated AssetsAgreement, Sub-Adviser Subadviser shall act comply in conformity all material respects with applicable limits and requirements, as amended from time to time, as set forth in the (Aa) Funds’ Prospectus(es) Fund’s Prospectus and SAI(s) as currently in effect, including the sustainability criteria Statement of each such Sub-Adviser as disclosed by that FundAdditional Information (“SAI”); (Bb) written instructions and directions of the Investment Manager and of the TrusteesBoard, provided the Subadviser has had a reasonable amount of time to implement such instructions and directions; and (Cc) requirements of the 1940 Act, the Internal Revenue Code of 1986, as amendedamended (the “Code”), as applicable to each the Fund, and all other applicable federal and state laws and regulations; and . Investment Manager agrees to give Subadviser prompt written notice if Investment Manager believes any recommendations, advice or investments to be in violation of (Da), (b) or (c) above. The Investment Manager will provide the procedures and standards set forth in, or established in accordance with, the Advisory Agreement to the extent communicated to Sub-Adviser. In managing the Allocated Assets Subadviser with advance notice of each Fund, Sub-Adviser shall apply each of such limits and restrictions to that Fund’s Allocated Assets as though such assets constituted the entire Fund. Notwithstanding the foregoing, Sub-Adviser shall not be responsible to the Manager or the Funds for any Fund’s investment adherence to a percentage restriction contained change in the Fund’s investment objective(s) or investment objectives, strategies, policies, limitations and restrictions as set forth stated in the Funds’ currently effective Prospectus(es) Fund’s Prospectus or SAI or in any procedures and SAI(s) policies adopted by the Board and/or the Investment Manager, and the Subadviser shall, in the performance of its duties and obligations under this Agreement and with respect to the portion of Fund’s assets allocated to the Subadviser, manage the Fund’s assets which is not allocated portfolio investments in compliance with such changes, provided the Subadviser has received prompt notice of the effectiveness of such changes from the Fund or the Investment Manager and has had a reasonable amount of time to Sub-Adviserimplement such changes. In addition to such notice, the Investment Manager shall provide the Subadviser a copy of the modified Prospectus and SAI reflecting such changes provided that such Prospectus or SAI was so modified.

Investment Limits. In the performance of its duties and obligations under Section (1)(b) of this Agreement with respect to Allocated Assets, Sub-Adviser shall act in conformity with applicable limits and requirements, as amended from time to time, as set forth in the (A) Funds’ Prospectus(es) and SAI(s) as currently in effect, including the sustainability criteria of each such Sub-Adviser as disclosed by that Fund; (B) instructions and directions of the Manager and of the Trustees; (C) requirements of the 1940 Act, the Internal Revenue Code of 1986, as amended, as applicable to each Fund, and all other applicable federal and state laws and regulations; and (D) the procedures and standards set forth in, or established in accordance with, the Advisory Agreement to the extent communicated to Sub-Adviser. In managing the Allocated Assets of each Fund, Sub-Adviser shall apply each of such limits and restrictions to that Fund’s Allocated Assets as though such assets constituted the entire Fund. Notwithstanding the foregoing, Sub-Adviser shall not be responsible to the Manager or the Funds for any Fund’s investment adherence to a percentage restriction contained in the Fund’s investment objective(s) or investment restrictions as set forth in the Funds’ currently effective Prospectus(es) and SAI(s) with respect to the portion of the Fund’s assets which is not allocated to Sub-Adviser.