Obligations of and Services to be Provided by the Sub. Advisor The Sub-Advisor will:
Obligations of and Services to be Provided by the Sub. Adviser The Sub-Adviser will provide the following non-discretionary services to the Adviser, within the parameters of the investment approach, policies, restrictions and guidelines in each case solely as provided in writing by the Adviser to the Sub-Adviser from time to time (the “Investment Guidelines”), the provisions of this Agreement, all applicable laws, rules, and regulations and the Fund’s registration statement on Form N-1A under the 1940 Act as amended from time to time (or any successor form) (the “Registration Statement”), on a continuous basis:
Obligations of and Services to be Provided by the Sub. Adviser (a) The Sub-Adviser shall provide the following services and assume the following obligations with respect to the Portfolio of the Fund:
Obligations of and Services to be Provided by the Sub. Adviser -------------------------------------------------------------
Obligations of and Services to be Provided by the Sub. Adviser (a) The Sub-Adviser shall provide the following services and assume the following obligations with respect to the Portfolio of the Fund: (1) The investment of the assets of the Portfolio shall at all times be subject to the applicable provisions of the Articles of Incorporation, the Bylaws, the Registration Statement, the current Prospectus and the Statement of Additional Information of the Fund and shall conform to the investment objectives, policies and restrictions of the Portfolio as set forth in such documents and as interpreted from time to time by the Board of Directors of the Fund and by the Adviser, including diversification of the holdings of the Portfolio as a segregated asset account in accordance with Section 817 of the Internal Revenue Code, as amended (the "Code"), and Regulation Section 1.817-5 thereunder, provided that the Adviser shall be responsible for ensuring that the Fund as a whole is "adequately diversified" if and to the extent required by Section 817(h) of the Code and Regulation 1.817-5 thereunder. Within the framework of the investment objectives, policies and restrictions of the Portfolio, and subject to the supervision of the Adviser, the Sub-Adviser shall have the sole and exclusive responsibility for the making and execution of all investment decisions for the Portfolio. The Adviser agrees to promptly inform the Sub-Adviser if such objective, policies or restrictions change and to deliver to the Sub-Adviser updated documents, if prepared. (2) In carrying out its obligations to manage the investments and reinvestments of the assets of the Portfolio, the Sub-Adviser shall: (1) obtain and evaluate pertinent economic, statistical, financial and other information affecting the economy generally and individual companies or industries the securities of which are included in the Portfolio or are under consideration for inclusion therein; (2) formulate and implement a continuous investment program for the Portfolio consistent with the investment objective and related investment policies for such Portfolio as set forth in the Fund's Registration Statement, as amended; and (3) take such steps as are necessary to implement the aforementioned investment program by purchase and sale of securities including the placing, or directing the placement through an affiliate of the Sub-Adviser, of orders for such purchases and sales. (3) In connection with the purchase and sale of securities of the Portfolio, the Sub-Adviser shall arrange...
