Common use of Representations and Warranties of Sub-Adviser Clause in Contracts

Representations and Warranties of Sub-Adviser. The Sub-Adviser represents and warrants that it is either (a) registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the "Advisers Act"), or (b) is exempt from registration under the Advisers Act and any applicable state law pertaining to the regulation of investment advisers.

Representations and Warranties of Sub-Adviser. The Sub-Adviser represents and warrants that it is either to the Adviser and the Fund as follows: (a) The Sub-Adviser is registered as an investment adviser under the Investment Advisers Act of 1940Act; (b) The Sub-Adviser is registered as a Commodity Trading Advisor under the Commodity Exchange Act, as amended (the "Advisers ActCEA"), with the Commodity Futures Trading Commission (the "CFTC"), or (b) is exempt from registration under the Advisers Act and any applicable state law pertaining not required to the regulation of investment advisers.file such registration;