Common use of Limitations on Advisory Services Clause in Contracts

Limitations on Advisory Services. The Sub-adviser shall perform the services under this Agreement subject to the review of the Adviser and the Board and in a manner consistent with the investment objectives, policies, and restrictions of the Portfolios and/or Fund as stated in its Registration Statement, as amended from time to time, filed with the Securities and Exchange Commission, its Articles of Incorporation and Bylaws, as amended from time to time, and the provisions of the Investment Company Act of 1940, as amended. The Fund has furnished or will furnish the Sub-adviser with copies of the Fund's Registration Statement, Prospectus, Articles of Incorporation, and Bylaws as currently in effect and agrees during the continuance of this Agreement to furnish the Sub-adviser with copies of any amendments or supplements thereto before or at the time the amendments or supplements become effective. The Sub-adviser will be entitled to rely on all documents furnished by the Fund. The Adviser will also provide Sub-adviser a list of companies the securities of which are not to be bought or sold for the Portfolios and a list of affiliated brokers and underwriters for reporting transactions under applicable provisions of the 1940 Act. The documents referenced in this paragraph and any amendments thereto shall not be deemed to be effective with respect to the Sub-adviser until three business days after its receipt thereof.

Limitations on Advisory Services. The Sub-adviser shall perform the services under this Agreement subject to the review of the Adviser and the Board and in a manner consistent with the investment objectives, policies, and restrictions of the Portfolios and/or Fund as stated in its Registration Statement, as amended from time to time, filed with the Securities and Exchange Commission, its Articles of Incorporation and Bylaws, as amended from time to time, and the provisions of the Investment Company Act of 1940, as amended. The Fund has furnished or will furnish the Sub-adviser with copies of the Fund's ’s Registration Statement, Prospectus, Articles of Incorporation, and Bylaws as currently in effect and agrees during the continuance of this Agreement to furnish the Sub-adviser with copies of any amendments or supplements thereto before or at the time the amendments or supplements become effective. The Sub-adviser will be entitled to rely on all documents furnished by the Fund. The Adviser will also provide Sub-adviser a list of companies the securities of which are not to be bought or sold for the Portfolios and a list of affiliated brokers and underwriters for reporting transactions under applicable provisions of the 1940 Act. The documents referenced in this paragraph and any amendments thereto shall not be deemed to be effective with respect to the Sub-adviser until three business days after its receipt thereof.