Common use of Proxies; Class Actions Clause in Contracts

Proxies; Class Actions. The Sub-Adviser shall be solely responsible to vote all proxies received with respect to the Assets, and shall take all necessary and reasonable steps with respect to corporate actions related to securities held or previously held as part of the Assets. The Sub-Adviser shall not incur any liability to Client for failing to vote any proxies, or to take an action with respect to a corporate action, if it had not received such proxies or related communication on a timely basis. Adviser acknowledges that Sub-Adviser does not advise or act for Client in any legal proceedings, including bankruptcies or class actions, involving securities held or previously held as part of the Assets.

Proxies; Class Actions. The Sub-Adviser shall be solely responsible to vote all proxies received with respect to the Assets, and shall take all necessary and reasonable steps with respect to corporate actions related to securities held or previously held as part of the Assets. The Sub-Adviser shall not incur any liability to Client for failing to vote any proxies, or to take an action with respect to a corporate action, if it had not received such proxies or related communication on a timely basis. Adviser acknowledges that requests, but does not obligate, Sub-Adviser does not to advise or act for Client in any legal proceedings, including bankruptcies or class actions, involving securities held or previously held as part of the Assets. Upon the reasonable request of Client or Adviser, Sub-Adviser shall produce to Client or the Adviser records and information related to securities held or previously held as part of the Assets.

Proxies; Class Actions. The Sub-Adviser shall be solely responsible to vote all proxies received with respect to for the Assets, and shall take all necessary and reasonable steps with respect to for corporate actions related to securities held or previously held as part of the Assets. The Sub-Adviser shall not incur any liability to Client for failing to vote any proxies, or to take an action with respect to for a corporate action, if it had not received such proxies or related communication on a timely basis. Adviser acknowledges that Sub-Adviser does not advise or act for Client in any legal proceedings, including bankruptcies or class actions, involving securities held or previously held as part of the Assets.