Retention of Sub-Adviser. Subject to the Fund's obtaining the initial and periodic approvals required under Section 15 of the 1940 Act, the Investment Manager may retain a Sub-Adviser to perform investment advisory and other services to the Fund. The retention of a Sub-Adviser shall be at the risk, cost, and expense of the Investment Manager. The retention of a Sub-Adviser shall in no way reduce the responsibilities or obligations of the Investment Manager under this Agreement and the Investment Manager shall be responsible to the Corporation for all acts or omissions of the Sub-Adviser in connection with the performance of the Investment Manager's duties hereunder. The Investment Manager shall pay and shall be solely responsible for the payment of the fees of the Sub-Adviser for the performance of its services for the Fund.
Appears in 8 contracts
Samples: Investment Management Agreement (Pacific Global Fund Inc), Investment Management Agreement (Pacific Global Fund Inc), Investment Management Agreement (Pacific Global Fund Inc)
