Common use of Notice of Material Actions / Change in Control Clause in Contracts

Notice of Material Actions / Change in Control. Each party will promptly notify the other party in writing of the occurrence of any of the following events: it is served or otherwise receives notice of any material action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any court, governmental, administrative or self-regulatory agency, or public board or body, involving the Allocated Portion. The Sub-Adviser will promptly notify the Adviser of any change in the actual control of the Sub-Adviser or change in the portfolio manager(s) primarily responsible for the day-to-day management of the Allocated Portion.

Notice of Material Actions / Change in Control. Each party will promptly notify the other party in writing of the occurrence of any of the following events: if it is served or otherwise receives written notice of any material action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any court, governmental, administrative or self-regulatory agency, or public board or body, involving the Allocated Portionaffairs of the Fund. The Sub-Adviser will promptly notify the Adviser in writing of any change in the controlling partners or in actual control or management of the Sub-Adviser or any change in the portfolio manager(s) primarily responsible for the day-to-day management of the Allocated Portion.