Standard of Care Breach. The Sub-Adviser will act in a manner consistent with applicable federal and state laws and regulations in rendering the services it agrees to provide under this Agreement. Each party shall use its best efforts to cooperate with the other party in curing any material regulatory or compliance breaches or material breaches of this Agreement promptly upon becoming aware of such breach. Each party will notify the other party as soon as reasonably practicable upon detection of any breach of the 1940 Act, the Governing Documents, the Procedures, the Strategy or this Agreement that has a material effect on the Allocated Portion.
Appears in 4 contracts
Samples: Investment Sub Advisory Agreement (Blackstone Alternative Investment Funds), Investment Sub Advisory Agreement (Blackstone Alternative Investment Funds), Investment Sub Advisory Agreement (Blackstone Alternative Investment Funds)
