Common use of Selection of Sub-Adviser(s) Clause in Contracts

Selection of Sub-Adviser(s). The Adviser shall have the authority hereunder to select and retain sub-advisers (each, a “Sub-Adviser”, and together, the “Sub-Advisers”), including an affiliated person (as defined under the 0000 Xxx) of the Adviser, for each of the Funds to perform some or all of the services for which the Adviser is responsible pursuant to this Agreement. The Adviser shall supervise the activities of each Sub-Adviser, and the retention of a Sub-Adviser by the Adviser shall not relieve the Adviser of its responsibilities under this Agreement. Any Sub-Adviser shall be registered as an investment adviser and in good standing with the U.S. Securities and Exchange Commission and capable of performing its sub-advisory duties pursuant to a sub-advisory agreement approved by the Trust’s Board of Trustees (each a “Sub-Advisory Agreement”) and, except as otherwise permitted by the 1940 Act or by rule or regulation, a vote of a majority of the outstanding voting securities of the applicable Fund. Each Fund will compensate the Sub-Adviser for its services to the Fund in accordance with the terms and conditions of the applicable Sub-Advisory Agreement.

Selection of Sub-Adviser(s). The Adviser shall have the authority hereunder to select and retain retain, subject to approval by the Board, one or more sub-advisers (each, a “Sub-Adviser”, and together, the “Sub-Advisers”)advisers, including an affiliated person (as defined under the 0000 Xxx1940 Act) of the Adviser (each, a “Sub-Adviser,” and collectively, “Sub-Advisers”), for each of the Funds Fund referenced in Schedule A to perform some or all of the services for which the Adviser is responsible pursuant to this Agreement. The Adviser shall supervise the activities of each the Sub-AdviserAdviser(s), and the retention of a Sub-Adviser by the Adviser shall not relieve the Adviser of its responsibilities under this Agreement. Any such Sub-Adviser shall be registered as an investment adviser and in good standing with the U.S. Securities and Exchange Commission SEC and capable of performing its sub-advisory duties pursuant to a sub-advisory agreement approved by the Trust’s Board of Trustees (each a “Sub-Advisory Agreement”) and, except as otherwise permitted by the 1940 Act or by rule rule, regulation or regulationOrder of the SEC, a vote of a majority of the outstanding voting securities of the applicable Fund. Each Fund The Adviser will compensate the each Sub-Adviser for its services to each applicable Fund for the Fund in accordance with avoidance of doubt neither the terms and conditions of Trust or the applicable Fund(s) shall be responsible for fees payable to any Sub-Advisory AgreementAdviser.

Selection of Sub-Adviser(s). The Adviser shall have the authority hereunder to select and retain sub-advisers (each, a “Sub-Adviser”, and together, the “Sub-Advisers”)advisers, including an affiliated person (as defined under the 0000 Xxx) of the Adviser (each a “Sub-Adviser”), for each of the Funds referenced in Schedule A to perform some or all of the services for which the Adviser is responsible pursuant to this Agreement. The Adviser shall supervise the activities of each the sub-adviser(s) as set forth in the Investment Sub-AdviserAdvisory Agreement (defined below), and the retention of a Subsub-Adviser adviser by the Adviser shall not relieve the Adviser of its responsibilities under this Agreement. Any Subsuch sub-Adviser adviser shall be registered as an investment adviser and in good standing with the U.S. Securities and Exchange Commission and capable of performing its sub-advisory duties pursuant to a sub-advisory agreement approved by the Trust’s Board of Trustees (each a the “Investment Sub-Advisory Agreement”) and, except as otherwise permitted by the 1940 Act or by applicable rule or regulation, a vote of a majority of the outstanding voting securities of the applicable Fund. Each Fund The Adviser will compensate the Subsub-Adviser adviser for its services to the Fund in accordance with the terms and conditions of the applicable Sub-Advisory AgreementFunds.