Common use of RETENTION OF ADVISER BY FUND Clause in Contracts

RETENTION OF ADVISER BY FUND. Subject to the terms and conditions set forth herein, the Fund hereby employs the Adviser to act as the investment adviser for and to manage the investment and reinvestment of the assets of the Fund in accordance with the Fund's investment objectives and policies and limitations, and to administer its affairs to the extent requested by, and subject to the review and supervision of, the Board of Trustees of the Fund for the period and upon the terms herein set forth. The investment of funds shall be subject to all applicable restrictions of applicable law and of the Declaration of Trust and By-Laws of the Trust, and resolutions of the Board of Trustees of the Fund as may from time to time be in force and delivered or made available to the Adviser. The Adviser may appoint a sub-adviser for the Fund to perform any or all services provided for in this Agreement, provided that such sub-adviser is appointed pursuant to a written agreement and such agreement is approved pursuant to the Investment Company Act of 1940, as amended (the "1940 Act").

RETENTION OF ADVISER BY FUND. Subject to the terms and conditions set forth herein, the Fund hereby employs the Adviser to act as the investment adviser for and to manage the investment and reinvestment of the assets of the Fund in accordance with the Fund's investment objectives and policies and limitations, and to administer its affairs to the extent requested by, and subject to the review and supervision of, the Board of Trustees of the Fund for the period and upon the terms herein set forth. The investment of funds shall be subject to all applicable restrictions of applicable law and of the Declaration of Trust and By-Laws of the TrustFund, and resolutions of the Board of Trustees of the Fund as may from time to time be in force and delivered or made available to the Adviser. The Adviser may appoint a sub-adviser for the Fund to perform any or all services provided for in this Agreement, provided that such sub-adviser is appointed pursuant to a written agreement and such agreement is approved pursuant to the Investment Company Act of 1940, as amended (the "1940 Act").