Common use of Management and Compliance Services Clause in Contracts

Management and Compliance Services. The Manager shall (i) implement the Funds’ compliance program, monitor each Fund’s compliance with its investment and tax guidelines and other compliance policies, oversee compliance with the Funds’ Code of Ethics and provide support staff for the Funds’ Chief Compliance Officer to assist in the implementation, maintenance and periodic review of the Funds’ compliance program; (ii) monitor the Funds’ investment performance and make recommendations to the Board regarding Fund investment policies and strategies, as appropriate; (iii) monitor the investment performance, compliance and risk management environment and other relevant information about subadvisors, and provide recommendations to the Board regarding engagement, oversight and replacement of subadvisors; (iv) report to the Board and the Committees on areas of risks relating to the Funds, including, but not limited to portfolio risks (e.g., performance, compliance, counterparty, credit, liquidity and valuation risks) and operational and enterprise risks (e.g., financial, reputational, compliance, litigation, personnel and business continuity risks), as well as more general business risks; (v) periodically assess risk management at the level of the affiliated and unaffiliated service providers to the Funds; (vi) apply for SEC exemptive relief or SEC staff no-action guidance or other assurances on behalf of the Funds, as directed by the Board or as otherwise necessary or appropriate in connection with the Funds’ operations; and (vii) assist with responding to SEC and other relevant governmental examinations of or inquiries relating to the Funds.

Management and Compliance Services. The Manager shall (i) implement the Funds’ Fund’s compliance program, monitor each the Fund’s compliance with its investment and tax guidelines and other compliance policies, oversee compliance with the Funds’ Fund’s Code of Ethics and provide support staff for the Funds’ Fund’s Chief Compliance Officer to assist in the implementation, maintenance and periodic review of the Funds’ Fund’s compliance program; (ii) monitor the Funds’ Fund’s investment performance and make recommendations to the Board regarding Fund investment policies and strategies, as appropriate; (iii) monitor the investment performance, compliance and risk management environment and other relevant information about subadvisors, and provide recommendations to the Board regarding engagement, oversight and replacement of subadvisors; (iv) report to the Board and the Committees on areas of risks relating to the FundsFund, including, but not limited to portfolio risks (e.g., performance, compliance, counterparty, credit, liquidity and valuation risks) and operational and enterprise risks (e.g., financial, reputational, compliance, litigation, personnel and business continuity risks), as well as more general business risks; (v) periodically assess risk management at the level of the affiliated and unaffiliated service providers to the FundsFund; (vi) apply for SEC exemptive relief or SEC staff no-action guidance or other assurances on behalf of the FundsFund, as directed by the Board or as otherwise necessary or appropriate in connection with the Funds’ Fund’s operations; and (vii) assist with responding to SEC and other relevant governmental examinations of or inquiries relating to the FundsFund.

Management and Compliance Services. The Manager shall (i) implement the FundsPortfolios’ compliance program, monitor each FundPortfolio’s compliance with its investment and tax guidelines and other compliance policies, oversee compliance with the FundsPortfolios’ Code of Ethics and provide support staff for the FundsPortfolios’ Chief Compliance Officer to assist in the implementation, maintenance and periodic review of the FundsPortfolios’ compliance program; (ii) monitor the FundsPortfolios’ investment performance and make recommendations to the Board regarding Fund Portfolio investment policies and strategies, as appropriate; (iii) monitor the investment performance, compliance and risk management environment and other relevant information about subadvisors, and provide recommendations to the Board regarding engagement, oversight and replacement of subadvisors; (iv) report to the Board and the Committees on areas of risks relating to the FundsPortfolios, including, but not limited to portfolio risks (e.g., performance, compliance, counterparty, credit, liquidity and valuation risks) and operational and enterprise risks (e.g., financial, reputational, compliance, litigation, personnel and business continuity risks), as well as more general business risks; (v) periodically assess risk management at the level of the affiliated and unaffiliated service providers to the FundsPortfolios; (vi) apply for SEC exemptive relief or SEC staff no-action guidance or other assurances on behalf of the FundsPortfolios, as directed by the Board or as otherwise necessary or appropriate in connection with the FundsPortfolios’ operations; and (vii) assist with responding to SEC and other relevant governmental examinations of or inquiries relating to the FundsPortfolios.