Common use of Social Screening Clause in Contracts

Social Screening. The Advisor is responsible for screening those investments of the Fund subject to social screening ("Securities") to determine that the Securities investments meet the Fund's social investment criteria, as may be amended from time to time by the Trustees and for notifying the Subadvisor of its determination. The Subadvisor will buy only those Securities permitted by the Fund's investment program which the Advisor determines pass the Fund's social screens and of which the Advisor has notified the Subadvisor. In the event that the Advisor notifies the Subadvisor that a security already in the Fund's portfolio no longer passes the Fund's social screen, the Advisor shall instruct the Subadvisor whether the Subadvisor should dispose of the security immediately or at such time as the Subadvisor believes would be least detrimental to the Fund. To the extent instructed by the Advisor, the Subadvisor shall have no liability for the disposition of any securities under this paragraph. With respect to this paragraph, the form of notification shall be mutually agreed upon by the parties.

Appears in 2 contracts

Samples: Investment Subadvisory Agreement (Calvert Social Investment Fund), Investment Subadvisory Agreement (Calvert Social Investment Fund)

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Social Screening. The Advisor is responsible for screening those investments of the Fund subject to social screening ("Securities") to determine that the Securities investments meet the Fund's social investment criteria, as may be amended from time to time by the Trustees Directors and for notifying the Subadvisor of its determination. The Subadvisor will buy only those Securities permitted by the Fund's investment program which the Advisor determines pass the Fund's social screens and of which the Advisor has notified the Subadvisor. In the event that the Advisor notifies the Subadvisor that a security already in the Fund's portfolio no longer passes the Fund's social screen, the Advisor shall instruct the Subadvisor whether the Subadvisor should dispose of the security immediately or at such time as the Subadvisor believes would be least detrimental to the Fund. To the extent instructed by the Advisor, the Subadvisor shall have no liability for the disposition of any securities under this paragraph. With respect to this paragraph, the form of notification shall be mutually agreed upon by the parties.

Appears in 2 contracts

Samples: Investment Subadvisory Agreement (Calvert Variable Series Inc), Investment Subadvisory Agreement (Calvert Variable Series Inc)

Social Screening. The Advisor is responsible for screening those investments of the Fund subject to social screening ("Securitiessecurities") to determine that the Securities securities investments meet the Fund's social investment criteria, as may be amended from time to time by the Trustees and for notifying the Subadvisor of its determination. The Subadvisor will buy only those Securities securities permitted by the Fund's investment program which the Advisor determines pass the Fund's social screens and of which the Advisor has notified the Subadvisor. In the event that the Advisor notifies the Subadvisor that a security already in the Fund's portfolio no longer passes the Fund's social screen, the Advisor shall instruct the Subadvisor whether the Subadvisor should dispose of the security immediately or at such time as the Subadvisor believes would be least detrimental to the Fund. To the extent instructed by the Advisor, the Subadvisor shall have no liability for the disposition of any securities under this paragraph. With respect to this paragraph, the form of notification shall be mutually agreed upon by the parties.

Appears in 1 contract

Samples: Investment Subadvisory Agreement (Calvert Social Investment Fund)

Social Screening. The Advisor is responsible for screening those investments of the Fund subject to social screening ("Securities") to determine that the Securities investments meet the Fund's social investment criteria, as may be amended from time to time by the Trustees and for notifying the Subadvisor of its determinationdetermination in writing (including e-mail). The Subadvisor will buy only those Securities permitted by the Fund's investment program which the Advisor determines pass the Fund's social screens and of which the Advisor has notified the Subadvisor. In the event that the Advisor notifies the Subadvisor that a security already in the Fund's portfolio no longer passes the Fund's social screen, the Advisor shall instruct the Subadvisor whether the Subadvisor should dispose of the security immediately or at such time as the Subadvisor believes would be least detrimental to the Fund. To the extent instructed by the Advisor, the Subadvisor shall have no liability for the disposition of any securities under this paragraph. With respect to this paragraph, the form of notification shall be mutually agreed upon by the parties.

Appears in 1 contract

Samples: Investment Subadvisory Agreement (Calvert Social Investment Fund)

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Social Screening. The Advisor Adviser is responsible for screening those investments of the Fund subject to social screening ("Securities") to determine that the Securities investments meet the Fund's social investment criteria, as may be amended from time to time by the Trustees and for notifying the Subadvisor Subadviser of its determination. The Subadvisor Subadviser will buy only those Securities permitted by the Fund's investment program which the Advisor Adviser determines pass the Fund's social screens and of which the Advisor Adviser has notified the SubadvisorSubadviser. In the event that the Advisor Adviser notifies the Subadvisor Subadviser that a security already in the Fund's portfolio no longer passes the Fund's social screen, the Advisor Adviser shall instruct the Subadvisor Subadviser whether the Subadvisor Subadviser should dispose of the security immediately or at such time as the Subadvisor Subadviser believes would be least detrimental to the Fund. To the extent instructed by the AdvisorAdviser, the Subadvisor Subadviser shall have no liability for the disposition of any securities under this paragraph. With respect to this paragraph, the form of notification shall be mutually agreed upon by the parties.

Appears in 1 contract

Samples: Investment Subadvisory Agreement (Calvert Social Investment Fund)

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