Common use of Investment Subadvisory Services Clause in Contracts

Investment Subadvisory Services. Subject to the supervision of the Company’s Board of Directors (“Board”) and the Adviser, TRP Singapore shall act as the investment subadviser and shall supervise and direct the investments of the Funds specified by the Adviser from time to time in accordance with the Fund’s investment objectives, policies, and restrictions as provided in the Fund’s Prospectus and Statement of Additional Information, as currently in effect and as amended or supplemented from time to time (hereinafter referred to as the “Prospectus”), and such other limitations as the Fund or Adviser may impose by notice in writing to TRP Singapore. TRP Singapore shall obtain and evaluate such information relating to the economy, industries, businesses, securities markets, and securities as it may deem necessary or useful in the discharge of its obligations hereunder and shall formulate and implement a continuing program for the management of the assets and resources of the Fund allocated to TRP Singapore in a manner consistent with the Fund’s investment objective(s), policies, and restrictions. The Adviser agrees that TRP Singapore may delegate trading execution and related reporting functions to the trading desk of an affiliate (“Affiliated Trading Desk”). In furtherance of this duty, TRP Singapore, on behalf of the Fund is authorized to: (1) make discretionary investment decisions to buy, sell, exchange, convert, lend, and otherwise trade in any stocks, bonds, and other securities or assets; (2) instruct the Affiliated Trading Desk to place orders and negotiate the commissions for the execution of transactions in securities or other assets with or through such brokers, dealers, underwriters or issuers as the Affiliated Trading Desk on behalf of TRP Singapore may select; (3) vote proxies, exercise conversion or subscription rights, and respond to tender offers and other consent solicitations with respect to the issuers of securities in which Fund assets may be invested provided such materials have been forwarded to TRP Singapore in a timely fashion by the Fund’s custodian; (4) maintain all or part of the Fund’s uninvested assets in short-term income producing instruments for such periods of time as shall be deemed reasonable and prudent by TRP Singapore, including, but not limited to, investments in the TRP Reserve Investment Funds, which are internal money market and short-term bond funds available for use only by clients of the Adviser and certain of its affiliates for short-term investments; (5) instruct the Fund’s custodian to deliver for cash received, securities or other cash and/or securities instruments sold, exchanged, redeemed or otherwise disposed of from the Fund, and to pay cash for securities or other cash and/or securities instruments delivered to the custodian and/or credited to the Fund upon acquisition of the same for the Fund; (6) generally, perform any other act necessary to enable TRP Singapore to carry out its obligations under this Agreement or as agreed upon with the Adviser.

Investment Subadvisory Services. Subject to the supervision of the Company’s Funds’ Board of Directors (“Board”) and the Adviser, TRP Singapore shall act as the investment subadviser and shall supervise and direct the investments of the Funds specified by the Adviser from time to time in accordance with the Fund’s Funds’ investment objectives, policies, and restrictions as provided in each of the Fund’s Prospectus and Statement of Additional Information, as currently in effect and as amended or supplemented from time to time (hereinafter referred to as the “Prospectus”), and such other limitations as the Fund Funds or Adviser may impose by notice in writing to TRP Singaporethe Subadviser. TRP Singapore shall obtain and evaluate such information relating to the economy, industries, businesses, securities markets, and securities as it may deem necessary or useful in the discharge of its obligations hereunder and shall formulate and implement a continuing program for the management of the assets and resources of the Fund Funds allocated to TRP Singapore in a manner consistent with the Fund’s Funds’ investment objective(s), policies, and restrictions. The Adviser agrees that TRP Singapore may delegate trading execution and related reporting functions to the trading desk of an affiliate (“Affiliated Trading Desk”). In furtherance of this duty, TRP Singapore, on behalf of the Fund Funds is authorized to: (1) make discretionary investment decisions to buy, sell, exchange, convert, lend, and otherwise trade in any stocks, bonds, and other securities or assetsassets traded on markets in Asia. The Adviser agrees that TRP Singapore may delegate trading execution and related reporting/instruction functions to the X. Xxxx Price Hong Kong Limited trading desk or an affiliated trading desk (“Trading Desk”) in consideration that TRP Singapore does not have its own trading functions among the global business strategy under the X. Xxxx Price group of companies; (2) instruct the Affiliated Trading Desk to place orders and negotiate the commissions for the execution of transactions in securities or other assets with or through such brokers, dealers, underwriters or issuers as the Affiliated Trading Desk on behalf of TRP Singapore may select, both in respect of trades initiated pursuant to subclause (1) above and, upon request by the Adviser, in respect of investment decisions taken by the Adviser and notified to TRP Singapore; (3) vote proxies, exercise conversion or subscription rights, and respond to tender offers and other consent solicitations with respect to the issuers of securities in which Fund assets may be invested provided such materials have been forwarded to TRP Singapore in a timely fashion by the Fund’s custodian; (4) maintain all or part of the Fund’s uninvested assets in short-term income producing instruments for such periods of time as shall be deemed reasonable and prudent by TRP Singapore, including, but not limited to, investments in the TRP Reserve Investment Funds, which are internal money market and short-term bond funds available for use only by clients of the Adviser and certain of its affiliates for short-term investments; (5) instruct the Fund’s custodian to deliver for cash received, securities or other cash and/or securities instruments sold, exchanged, redeemed or otherwise disposed of from the Fund, and to pay cash for securities or other cash and/or securities instruments delivered to the custodian and/or credited to the Fund upon acquisition of the same for the Fund; (6) generally, perform any other act necessary to enable TRP Singapore to carry out its obligations under this Agreement or as agreed upon with the Adviser. TRP Singapore shall not exercise any voting and other rights and privileges attaching to the securities held by the Funds unless instructed by the Adviser consistent with the terms of the Adviser’s agreements with the Companies.

Investment Subadvisory Services. Subject to the supervision of the Companyrespective Corporation’s Board of Directors (“BoardBoards”) and the Adviser, TRP Singapore shall act furnish certain discretionary investment management and dealing facilitation services, as the investment subadviser and shall supervise and direct more fully described below, in relation to the investments of the Funds specified by the Adviser from time to time and in accordance with the Fund’s Funds’ investment objectives, policies, and restrictions as provided in the Fund’s Prospectus Funds’ Prospectuses and Statement Statements of Additional Information, as currently in effect and as amended or supplemented from time to time (hereinafter referred to as the “ProspectusProspectuses”), and such other limitations as the Fund Funds or Adviser may impose by notice in writing to TRP Singapore. TRP Singapore shall obtain and evaluate such information relating to the economy, industries, businesses, securities markets, and securities as it may deem necessary or useful in the discharge of its obligations hereunder and shall formulate and implement a continuing program for the management of the assets and resources of the Fund allocated to TRP Singapore in a manner consistent with the Fund’s investment objective(s), policies, and restrictions. The Adviser agrees that TRP Singapore may delegate trading execution and related reporting functions to the trading desk of an affiliate (“Affiliated Trading Desk”)hereunder. In furtherance of this duty, TRP Singapore, on behalf of the Fund Funds is authorized to: (1) make discretionary investment decisions to buy, sell, exchange, convert, lend, and otherwise trade in any stocks, bonds, and other securities or assetsassets traded on markets in Asia. The Adviser agrees that TRP Singapore may delegate trading execution and related reporting/instruction functions to the X. Xxxx Price Hong Kong Limited trading desk or an affiliated trading desk (“Trading Desk”) in consideration that TRP Singapore does not have its own trading functions among global business strategy under the X. Xxxx Price group of companies; (2) instruct the Affiliated Trading Desk to place orders and negotiate the commissions for the execution of transactions in securities or other assets with or through such brokers, dealers, underwriters or issuers as the Affiliated Trading Desk on behalf of TRP Singapore may select;, both in respect of trades initiated pursuant to subclause (1) above and, upon request by the Adviser, in respect of investment decisions taken by the Adviser and notified to TRP Singapore; and (3) vote proxies, exercise conversion or subscription rights, and respond to tender offers and other consent solicitations with respect to the issuers of securities in which Fund assets may be invested provided such materials have been forwarded to TRP Singapore in a timely fashion by the Fund’s custodian; (4) maintain all or part of the Fund’s uninvested assets in short-term income producing instruments for such periods of time as shall be deemed reasonable and prudent by TRP Singapore, including, but not limited to, investments in the TRP Reserve Investment Funds, which are internal money market and short-term bond funds available for use only by clients of the Adviser and certain of its affiliates for short-term investments; (5) instruct the Fund’s custodian to deliver for cash received, securities or other cash and/or securities instruments sold, exchanged, redeemed or otherwise disposed of from the Fund, and to pay cash for securities or other cash and/or securities instruments delivered to the custodian and/or credited to the Fund upon acquisition of the same for the Fund; (6) generally, perform any other act necessary to enable TRP Singapore to carry out its obligations under this Agreement or as agreed upon with the Adviser. TRP Singapore shall not exercise any voting and other rights and privileges attaching to the securities held by the Funds, unless instructed by the Adviser consistent with the terms of the Restated Advisory Agreements or as agreed upon with the Adviser.

Investment Subadvisory Services. Subject to the supervision of the Company’s Board of Directors (“Board”) and the Adviser, TRP Singapore shall act as the investment subadviser and shall supervise and direct the investments of the Funds Fund specified by the Adviser from time to time in accordance with the Fund’s investment objectives, policies, and restrictions as provided in the Fund’s Prospectus and Statement of Additional Information, as currently in effect and as amended or supplemented from time to time (hereinafter referred to as the “Prospectus”), and such other limitations as the Fund or Adviser may impose by notice in writing to TRP Singaporethe Subadviser. TRP Singapore shall obtain and evaluate such information relating to the economy, industries, businesses, securities markets, and securities as it may deem necessary or useful in the discharge of its obligations hereunder and shall formulate and implement a continuing program for the management of the assets and resources of the Fund allocated to TRP Singapore in a manner consistent with the Fund’s investment objective(s), policies, and restrictions. The Adviser agrees that TRP Singapore may delegate trading execution and related reporting functions to the trading desk of an affiliate (“Affiliated Trading Desk”). In furtherance of this duty, TRP Singapore, on behalf of the Fund is authorized to: (1) make discretionary investment decisions to buy, sell, exchange, convert, lend, and otherwise other trade in any stocks, bonds, and other securities or assetsassets traded on markets in Asia. The Adviser agrees that TRP Singapore may delegate trading execution and related reporting/instruction functions to the X. Xxxx Price Hong Kong Limited trading desk or an affiliated trading desk (“Trading Desk”) in consideration that TRPI Singapore does not have its own trading functions among global business strategy under X. Xxxx Price group of companies; (2) instruct the Affiliated Trading Desk to place orders and negotiate the commissions for the execution of transactions in securities or other assets with or through such brokers, dealers, underwriters or issuers as the Affiliated Trading Desk on behalf of TRP TRPI Singapore may select, both in respect of trades initiated pursuant to subclause (1) above and, upon request by the Adviser, in respect of investment decisions taken by the Adviser and notified to TRPI Singapore; (3) vote proxies, exercise conversion or subscription rights, and respond to tender offers and other consent solicitations with respect to the issuers of securities in which Fund assets may be invested provided such materials have been forwarded to TRP Singapore the Subadviser in a timely fashion by the Fund’s custodian;; and (4) maintain all or part of the Fund’s uninvested assets in short-term income producing instruments for such periods of time as shall be deemed reasonable and prudent by TRP Singapore, including, but not limited to, investments in the TRP Reserve Investment Funds, which are internal money market and short-term bond funds available for use only by clients of the Adviser and certain of its affiliates for short-term investments; (5) instruct the Fund’s custodian to deliver for cash received, securities or other cash and/or securities instruments sold, exchanged, redeemed or otherwise disposed of from the Fund, and to pay cash for securities or other cash and/or securities instruments delivered to the custodian and/or credited to the Fund upon acquisition of the same for the Fund; (6) generally, perform any other act necessary to enable TRP TRPI Singapore to carry out its obligations under this Agreement or as agreed upon with the Adviser.