NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Adviser agrees on behalf of itself and its managers, members, officers, and employees (1) to treat confidentially and as proprietary information of the Trust (a) all records and other information relative to the Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the Xxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the Adviser. Such written approval shall not be unreasonably withheld by the Trust and may not be withheld where the Adviser may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein will apply to information that is or becomes publicly available without breach of any obligation owed by the Adviser under this Agreement, is independently developed by the Adviser without reference to information required to be treated confidentially, or is used by the Adviser to enforce its rights under this Agreement, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, self-regulatory or other authority with appropriate jurisdiction over the Adviser.
Appears in 16 contracts
Samples: Investment Advisory Agreement (Series Portfolios Trust), Investment Advisory Agreement (Series Portfolios Trust), Investment Advisory Agreement (Series Portfolios Trust)
NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Adviser agrees on behalf of itself and its managers, members, officers, and employees (1) to treat confidentially and as proprietary information of the Trust (a) all records and other information relative to the each Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the XxxxxGxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the Adviser. Such written approval shall not be unreasonably withheld withheld, conditioned or delayed by the Trust and may not be withheld withheld, conditioned or delayed where the Adviser may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein will apply To the extent the Trust has not responded in a timely manner and Adviser may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information that is or becomes publicly available without breach of any obligation owed by duly constituted authorities, the Adviser under this Agreement, is independently developed by may disclose such requested information prior to receiving written approval of the Trust; provided that the Adviser without reference has taken reasonable steps to information required to be treated confidentiallypromptly notify the Trust, or is used by in writing, upon receipt of the Adviser to enforce its rights under this Agreement, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, self-regulatory or other authority with appropriate jurisdiction over the Adviserrequest.
Appears in 5 contracts
Samples: Investment Advisory Agreement (Trust for Advised Portfolios), Investment Advisory Agreement (Trust for Advised Portfolios), Investment Advisory Agreement (Trust for Advised Portfolios)
NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Adviser agrees on behalf of itself and its managers, members, officers, and employees (1) to treat confidentially and as proprietary information of the Trust (a) all records and other information relative to the each Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the Xxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the Adviser. Such written approval shall not be unreasonably withheld withheld, conditioned or delayed by the Trust and may not be withheld withheld, conditioned or delayed where the Adviser may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein will apply To the extent the Trust has not responded in a timely manner and Adviser may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information that is or becomes publicly available without breach of any obligation owed by duly constituted authorities, the Adviser under this Agreement, is independently developed by may disclose such requested information prior to receiving written approval of the Trust; provided that the Adviser without reference has taken reasonable steps to information required to be treated confidentiallypromptly notify the Trust, or is used by in writing, upon receipt of the Adviser to enforce its rights under this Agreement, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, self-regulatory or other authority with appropriate jurisdiction over the Adviserrequest.
Appears in 3 contracts
Samples: Investment Advisory Agreement (Advisor Managed Portfolios), Investment Advisory Agreement (Advisor Managed Portfolios), Investment Advisory Agreement (Advisor Managed Portfolios)
NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Adviser Sub-Advisor hereto agrees on behalf of itself and its managersdirectors, memberstrustees, shareholders, officers, and employees (1) to treat confidentially and as proprietary information of the Trust Fund (a) all records and other information relative to the Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the Xxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); , and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the AdviserSub-Advisor. Such written approval shall not be unreasonably withheld by the Trust and may not be withheld where the Adviser Sub-Advisor may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein will apply Notwithstanding the above, the Sub-Advisor may disclose information regarding the Fund to information that is governmental and/or regulatory or becomes publicly available without breach of any obligation owed by the Adviser under this Agreement, is independently developed by the Adviser without reference to information required to be treated confidentially, or is used by the Adviser to enforce its rights under this Agreement, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, self-regulatory authorities to the extent required by applicable law or other authority regulation and may file reports with appropriate jurisdiction over such authorities as may be required by applicable law or regulation without notification to the AdviserFund.
Appears in 3 contracts
Samples: Investment Sub Advisory Agreement (Saratoga Advantage Trust), Investment Sub Advisory Agreement (Trust for Professional Managers), Investment Sub Advisory Agreement (Trust for Professional Managers)
NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Adviser agrees on behalf of itself and its managers, members, officers, and employees (1) to treat confidentially and as proprietary information of the Trust (a) all records and other information relative to the Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the XxxxxGxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the Adviser. Such written approval shall not be unreasonably withheld by the Trust and may not be withheld where the Adviser may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein will apply to information that is or becomes publicly available without breach of any obligation owed by the Adviser under this Agreement, is independently developed by the Adviser without reference to information required to be treated confidentially, or is used by the Adviser to enforce its rights under this Agreement, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, self-regulatory or other authority with appropriate jurisdiction over the Adviser.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Series Portfolios Trust), Investment Advisory Agreement (Series Portfolios Trust)
NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Adviser agrees on behalf of itself and its managers, members, officers, and employees (1) to treat confidentially and as proprietary information of the Trust (a) all records and other information relative to the a Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the Xxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the Adviser. Such written approval shall not be unreasonably withheld by the Trust and may not be withheld where the Adviser may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein will apply to information that is or becomes publicly available without breach of any obligation owed by the Adviser under this Agreement, is independently developed by the Adviser without reference to information required to be treated confidentially, or is used by the Adviser to enforce its rights under this Agreement, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, self-regulatory or other authority with appropriate jurisdiction over the Adviser.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Series Portfolios Trust), Investment Advisory Agreement (Series Portfolios Trust)
NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Adviser Sub-Advisor hereto agrees on behalf of itself and its managersdirectors, memberstrustees, shareholders, officers, and employees (1) to treat confidentially and as proprietary information of the Trust Fund (a) all records and other information relative to the Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the Xxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); , and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the AdviserSub-Advisor. Such written approval shall not be unreasonably withheld by the Trust and Trust. The Sub-Advisor may not be withheld where disclose such information if the Adviser Sub-Advisor may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein will apply In addition, the Sub-Advisor may disclose such information to governmental and/or regulatory or self-regulatory authorities to the extent required by applicable law or regulation. Each party agrees that it shall hold in strict confidence all data and information that obtained from another party hereto (unless such information is or becomes publicly available readily ascertainable from public or published information or trade sources) and shall ensure that its officers, employees and authorized representatives do not disclose such information to others without breach the prior written consent of any obligation owed the party from whom it was obtained, unless such disclosure is required by the Adviser under this AgreementSEC, is independently developed by the Adviser without reference to information required to be treated confidentiallyother regulatory body with applicable jurisdiction, or is used by the Adviser to enforce Trust’s auditors, or in the opinion of its rights under this Agreementcounsel, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response and then only with as much prior written notice to a request from a regulatory, self-regulatory or the other authority with appropriate jurisdiction over party as is practicable under the Advisercircumstances.
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Trust for Professional Managers)
NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Adviser Trader hereto agrees on behalf of itself and its managersdirectors, memberstrustees, shareholders, officers, and employees (1) to treat confidentially and as proprietary information of the Trust Fund (a) all records and other information relative to the Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the Xxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); , and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the AdviserTrader. Such written approval shall not be unreasonably withheld by the Trust and may not be withheld where the Adviser Trader may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein The Trader will apply to information that is not disclose, in any manner whatsoever, any list of securities, futures contracts, or becomes publicly available without breach of any obligation owed other investments held by the Fund, except in accordance with the Fund’s portfolio holdings disclosure policy, as required by law, or as otherwise directed in writing by the Adviser under this Agreementor the Trust. The Trader has adopted appropriate policies which require that each of its officers, is independently developed employees, or other access persons refrain from disclosing any instruments or other investments of the Fund, except in accordance with the Fund’s portfolio holdings disclosure policy or as otherwise directed in writing by the Adviser without reference to information required to be treated confidentially, or is used by the Adviser to enforce its rights under this Agreement, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, self-regulatory or other authority with appropriate jurisdiction over the AdviserTrust.
Appears in 1 contract
Samples: Trading Sub Advisory Agreement (Series Portfolios Trust)
NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Sub-Adviser hereto agrees on behalf of itself and its managersdirectors, memberstrustees, shareholders, officers, and employees (1) to treat confidentially and as proprietary information of the Trust Fund (a) all records and other information relative to the Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the XxxxxGxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); , and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the Sub-Adviser. Such written approval shall not be unreasonably withheld by the Trust and may not be withheld where the Sub-Adviser may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein will apply Final Draft @ 03-28-12 – subject to information final review and execution The Sub-Adviser acknowledges that, in compliance with the Sxxxxxxx-Xxxxx Act of 2002 (the “Sxxxxxxx-Xxxxx Act”), and the implementing regulations promulgated thereunder, the Trust and the Fund are required to make certain certifications and have adopted disclosure controls and procedures. To the extent reasonably requested by the Trust, the Sub-Adviser agrees to use its best efforts to assist the Trust and the Fund in complying with the Sxxxxxxx-Xxxxx Act and implementing the Trust’s disclosure controls and procedures provided that is or becomes publicly available without breach such compliance standards, controls and procedures are provided in writing to the Sub-Adviser. The Sub-Adviser agrees to inform the Trust of any obligation owed by material development related to the Fund that the Sub-Adviser reasonably believes is relevant to the Fund’s certification obligations under this Agreement, is independently developed by the Adviser without reference to information required to be treated confidentially, or is used by the Adviser to enforce its rights under this Agreement, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, selfSxxxxxxx-regulatory or other authority with appropriate jurisdiction over the AdviserXxxxx Act.
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Adviser agrees on behalf of itself and its directors, trustees, managers, members, shareholders, officers, and employees (1) to treat confidentially and as proprietary information of the Trust (a) all records and other information relative to the Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the Xxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); , and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the Adviser. Such written approval shall not be unreasonably withheld by the Trust and may not be withheld where the Adviser may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein Each party agrees that it will treat confidentially all information provided by any other party regarding other parties’ businesses and operations, including without limitation the investment activities or holdings of the Fund. All confidential information provided by a party hereto shall not be disclosed to any unaffiliated third party without the prior consent of the providing party. The foregoing shall not apply to any information that is public when provided or thereafter becomes publicly available without breach public through no wrongful act of any obligation owed by the Adviser under this Agreement, recipient or which is independently developed by the Adviser without reference to information required to be treated confidentially, or is used disclosed by any regulatory authority in the Adviser to enforce lawful and appropriate exercise of its rights under this Agreement, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, self-regulatory or other authority with appropriate jurisdiction over a party, by any auditor of the Adviserparties hereto, by judicial or administrative process or otherwise by applicable laws, rules or regulations.
Appears in 1 contract
Samples: Investment Advisory Agreement (Trust for Professional Managers)
NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Adviser Sub-Advisor hereby agrees on behalf of itself and its managersdirectors, memberstrustees, shareholders, officers, and employees (1) to treat confidentially and as proprietary information of the Trust Fund (a) all records and other information relative to the Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the Xxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); , and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the AdviserSub-Advisor. Such written approval shall not be unreasonably withheld by the Trust and may not be withheld where the Adviser Sub-Advisor may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein The Advisor acknowledges and understands that all books and records of the Sub-Advisor are subject to inspection and copying by the Securities and Exchange Commission. The Advisor agrees on behalf of itself and its directors, trustees, shareholders, officers, and employees (1) to treat confidentially and as proprietary information of the Sub-Advisor, including, but not limited to, information relating to the Sub-Advisor’s trading and investment strategies, systems, methodologies and results; risk management models; and other proprietary technologies and processes and other proprietary information used by the Sub-Advisor in connection with its business; and (2) not to use any such proprietary information of the Sub-Advisor for any purpose other than the performance of the Advisor’s responsibilities and duties hereunder to supervise the trading done by the Sub-Advisor on behalf of the Fund. As between the Advisor and the Sub-Advisor, the Sub-Advisor is and shall remain the exclusive owner of all rights, title, and interest in and to all such proprietary information of the Sub-Advisor. The Advisor acknowledges and agrees that the covenants in this paragraph are reasonable and necessary for the protection of the Sub-Advisor’s business interests, that the Sub-Advisor would not have entered into this Agreement without such covenants, that irreparable injury will apply result to information the Sub-Advisor if any of the terms of these covenants are breached, and that is in the event of the actual or becomes publicly available without threatened breach of any obligation owed by of these covenants, the Adviser under this Agreement, is independently developed by the Adviser without reference to information required to be treated confidentially, or is used by the Adviser to enforce its rights under this AgreementSub-Advisor will have no adequate remedy at law, and nothing herein will shall be deemed entitled (in addition to prevent any other remedies available to the Adviser from disclosing Sub-Advisor) to immediate temporary injunctive and other equitable relief with respect to such actual or threatened breach, without the necessity of showing actual monetary damages or of posting any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, self-regulatory bond or other authority with appropriate jurisdiction over the Advisersecurity.
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Unified Series Trust)
NONPUBLIC PERSONAL INFORMATION. (a) Notwithstanding any provision herein to the contrary, the Adviser agrees on behalf of itself and its managers, members, officers, and employees (1) to treat confidentially and as proprietary information of the Trust (a) all records and other information relative to the Fund’s prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the XxxxxGxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the Adviser. Such written approval shall not be unreasonably withheld by the Trust and may not be withheld where the Adviser may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein will apply to information that is or becomes publicly available without breach of any obligation owed by the Adviser under this Agreement, is independently developed by the Adviser without reference to information required to be treated confidentially, or is used by the Adviser to enforce its rights under this Agreement, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, self-regulatory or other authority with appropriate jurisdiction over the Adviser.
(b) The Trust shall treat as confidential, and shall require its Trustees, officers, agents, and service providers to treat as confidential, all information provided to the Trust or any such persons by the Adviser that is non-public relating to the business, financial condition, and investment processes of the Adviser and shall not disclose any such information to any third party without the prior written consent of the Adviser, except that the Trust may disclose such information as required by applicable law, regulation, or upon request to a regulator or auditor of the Trust.
Appears in 1 contract
Samples: Investment Advisory Agreement (Series Portfolios Trust)
NONPUBLIC PERSONAL INFORMATION. Notwithstanding any provision herein to the contrary, the Adviser agrees on behalf of itself and its directors, trustees, managers, members, shareholders, officers, and employees (1) to treat confidentially and as proprietary information of the Trust (a) all records and other information relative to the Fund’s Funds’ prior, present, or potential shareholders (and clients of said shareholders) and (b) any Nonpublic Personal Information, as defined under Section 248.3(t) of Regulation S-P (“Regulation S-P”), promulgated under the Xxxxx-Xxxxx-Xxxxxx Act (the “G-L-B Act”); , and (2) except after prior notification to and approval in writing by the Trust, not to use such records and information for any purpose other than the performance of its responsibilities and duties hereunder, or as otherwise permitted by Regulation S-P or the G-L-B Act, and if in compliance therewith, the privacy policies adopted by the Trust and communicated in writing to the Adviser. Such written approval shall not be unreasonably withheld by the Trust and may not be withheld where the Adviser may be exposed to civil or criminal contempt or other proceedings for failure to comply after being requested to divulge such information by duly constituted authorities. Nothing herein Each party agrees that it will treat confidentially all information provided by any other party regarding other parties’ businesses and operations, including without limitation the investment activities or holdings of the Funds. All confidential information provided by a party hereto shall not be disclosed to any unaffiliated third party without the prior consent of the providing party. The foregoing shall not apply to any information that is public when provided or thereafter becomes publicly available without breach public through no wrongful act of any obligation owed by the Adviser under this Agreement, recipient or which is independently developed by the Adviser without reference to information required to be treated confidentially, or is used disclosed by any regulatory authority in the Adviser to enforce lawful and appropriate exercise of its rights under this Agreement, and nothing herein will be deemed to prevent the Adviser from disclosing any information pursuant to applicable law, rule or regulation or in response to a request from a regulatory, self-regulatory or other authority with appropriate jurisdiction over a party, by any auditor of the Adviserparties hereto, by judicial or administrative process or otherwise by applicable laws, rules or regulations.
Appears in 1 contract
Samples: Investment Advisory Agreement (Trust for Professional Managers)