Common use of STATUS OF SUB-ADVISER Clause in Contracts

STATUS OF SUB-ADVISER. Sub-Adviser is and will continue to be registered under the Advisers Act. The Services of Sub-Adviser to Company for each Fund are not to be deemed exclusive, and Sub-Adviser is free to render similar services to others so long as its Services to the Fund are not impaired thereby. Sub-Adviser is and will continue to be an independent contractor and, unless otherwise expressly provided or authorized, has no authority to act for or represent Company in any way or otherwise act as agent of Company.

STATUS OF SUB-ADVISER. The Sub-Adviser is and will continue to be registered as such under the federal Investment Advisers ActAct of 1940. The Services services of the Sub-Adviser to the Company for each Fund are not to be deemed exclusive, and the Sub-Adviser is shall be free to render similar services to others so long as its Services services to the Fund are not impaired thereby. The Sub-Adviser is and will continue shall be deemed to be an independent contractor andand shall, unless otherwise expressly provided or authorized, has have no authority to act for or represent the Company in any way or otherwise act as be deemed an agent of the Company.

STATUS OF SUB-ADVISER. Sub-Adviser is and will continue to be registered under the Advisers Act. The Services of Sub-Adviser to Company for each Fund are not to be deemed exclusive, and Sub-Adviser is free to render similar services to others so long as its Services to the Fund are not impaired thereby. Sub-Adviser is and will continue to be an independent contractor and, unless otherwise expressly provided or authorized, has no authority to act for or represent Company in any way or otherwise act as agent of Company.

STATUS OF SUB-ADVISER. Sub-Adviser is and will continue to be registered under the Advisers Act. The Services of Sub-Adviser to Company for each Fund are not to be deemed exclusive, and Sub-Adviser is free to render similar services to others so long as its Services to the Fund are not impaired thereby. Sub-Adviser is and will continue to be an independent contractor andcontractor, unless otherwise expressly provided or authorizedand beyond the ability to trade in the securities of the Managed Assets and other authority related the Managed Assets as specifically granted under this Agreement, has shall have no authority to act for or represent the Company in any way or otherwise act as agent of the Company.

STATUS OF SUB-ADVISER. Sub-Adviser is and will continue to be registered under the Advisers Act. The Services of Sub-Adviser to Company for each Fund are not to be deemed exclusive, and Sub-Adviser is free to render similar services to others so long as its Services to the Fund are not materially impaired thereby. Sub-Adviser is and will continue to be an independent contractor and, unless otherwise expressly provided or authorized, has no authority to act for or represent Company in any way or otherwise act as agent of Company.

STATUS OF SUB-ADVISER. Sub-Adviser is and will continue to be registered under the Advisers Act. The Services of Sub-Adviser to Company for each Fund are not to be deemed exclusive, and Sub-Adviser is free to render similar services to others so long as its Services to the Fund are not impaired thereby. Sub-Adviser is and will continue to be an independent contractor and, unless otherwise expressly provided or authorizedauthorized (including as provided in this Agreement), has no authority to act for or represent Company in any way or otherwise act as agent of Company.