Common use of Notice of Regulatory Actions Clause in Contracts

Notice of Regulatory Actions. The Sub-Adviser will promptly provide written notice to the Adviser of the commencement of any enforcement action or other administrative proceeding before the SEC, Financial Industry Regulatory Authority, any other federal regulatory agency, any other self-regulatory organization, any U.S. government department, or any state agency, of which the Sub-Adviser is actually aware, (i) relating to the Sub-Adviser’s management of the Allocated Portion or otherwise relating to the Fund, or (ii) involving matters that could reasonably be viewed as material to the Sub-Adviser’s ability to provide services to the Fund.