Common use of REPRESENTATIONS AND COVENANTS OF SUBADVISER Clause in Contracts

REPRESENTATIONS AND COVENANTS OF SUBADVISER. Subadviser represents and covenants as follows: (a) It is duly formed, validly existing and in good standing under the laws of the State of and has full power and authority to enter into and perform its obligations under this Agreement; (b) It has duly authorized, executed and delivered this Agreement and intends that it shall constitute a valid and binding agreement enforceable in accordance with its terms, except to the extent limited by the principles of equity and public policy; (c) It is registered as an investment adviser under the Advisers Act; (d) Its entry into, and performance of any duties or actions under, this Agreement shall at all times be in accordance with all applicable laws and regulations; and (e) It will promptly notify the Subadviser-Delegatee in writing in the event that any of the foregoing ceases to be true.

REPRESENTATIONS AND COVENANTS OF SUBADVISER. Subadviser represents and covenants as follows: (a) It is duly formed, validly existing and in good standing under the laws of the State of [INSERT STATE] and has full power and authority to enter into and perform its obligations under this Agreement; (b) It has duly authorized, executed and delivered this Agreement and intends that it shall constitute a valid and binding agreement enforceable in accordance with its terms, except to the extent limited by the principles of equity and public policy; (c) It is registered as an investment adviser under the Advisers Act; (d) Its entry into, and performance of any duties or actions under, this Agreement shall at all times be in accordance with all applicable laws and regulations; and (e) It will promptly notify the Subadviser-Delegatee in writing in the event that any of the foregoing ceases to be true.

REPRESENTATIONS AND COVENANTS OF SUBADVISER. Subadviser represents and covenants as follows: (a) It is duly formed, validly existing and in good standing under the laws of the State of Maryland and has full power and authority to enter into and perform its obligations under this Agreement; (b) It has duly authorized, executed and delivered this Agreement and intends that it shall constitute a valid and binding agreement enforceable in accordance with its terms, except to the extent limited by the principles of equity and public policy; (c) It is registered as an investment adviser under the Advisers Act; (d) Its entry into, and performance of any duties or actions under, this Agreement shall at all times be in accordance with all applicable laws and regulations; and; (e) It will promptly notify the Subadviser-Delegatee Subadviser Affiliate in writing in the event that any of the foregoing ceases to be true.