Common use of Sub-Adviser Insurance Clause in Contracts

Sub-Adviser Insurance. The Sub-Adviser agrees that, during the term of this Agreement, it will maintain at its own expense (or will be listed as a named insured on) an Errors and Omissions insurance policy with respect to the Sub-Adviser in an amount not less than $10 million and Commercial General Liability insurance in a commercially reasonable amount. The foregoing policies shall be issued by insurance companies that are determined as of the date of this Agreement to be acceptable to the Adviser. The minimum required amounts set forth in this insurance provision are not to be construed as a limitation on the Sub-Adviser’s liability under this Agreement. Any and all deductibles specified in the above-referenced insurance policies shall be assumed by the Sub-Adviser.

Sub-Adviser Insurance. The Sub-Adviser adviser agrees that, during the term of this Agreement, that it will maintain at its own expense (or will be listed as a named insured oni) adequate fidelity bond insurance with respect to its activities on behalf of the Fund and (ii) an Errors and Omissions insurance policy with respect to the Sub-Adviser adviser and providing coverage for the services provided by the Sub-adviser to the Fund under this Agreement in an amount not less than $10 million and Commercial General Liability insurance in a commercially reasonable amount. The foregoing policies shall be issued by insurance companies that are determined as of the date of this Agreement to be acceptable to the Adviser. The minimum required amounts set forth in this insurance provision are not to be construed as a limitation on the Sub-Adviseradviser’s liability under this Agreement. Any and all deductibles specified in the above-referenced insurance policies shall be assumed by the Sub-Adviseradviser.

Sub-Adviser Insurance. The Sub-Adviser adviser agrees that, during the term of this Agreement, that it will maintain at its own expense (or will be listed as a named insured oni) adequate fidelity bond insurance with respect to its activities on behalf of the Fund and (ii) an Errors and Omissions insurance policy with respect to the Sub-Adviser adviser and providing coverage for the services provided by the Sub-adviser to the Fund under this Agreement in an amount not less than $10 million and Commercial General Liability insurance in a commercially reasonable amount. The foregoing policies shall be issued by insurance companies that are determined as of the date of this Agreement to be acceptable to the Adviser. The minimum required amounts set forth in this insurance provision are not to be construed as a limitation on the Sub-Adviseradviser’s liability under this Agreement. Any and all deductibles specified in the above-referenced insurance policies shall be assumed by the Sub-AdviserSub­ adviser.

Sub-Adviser Insurance. The Sub-Adviser adviser agrees that, during the term of this Agreement, that it will maintain at its own expense (or will be listed as a named insured oni) adequate fidelity bond insurance with respect to its activities on behalf of the Fund and (ii) an Errors and Omissions insurance policy with respect to the Sub- adviser and providing coverage for the services provided by the Sub-Adviser adviser to the Fund under this Agreement in an amount not less than $10 million and Commercial General Liability insurance in a commercially reasonable amount. The foregoing policies shall be issued by insurance companies that are determined as of the date of this Agreement to be acceptable to the Adviser. The minimum required amounts set forth in this insurance provision are not to be construed as a limitation on the Sub-Adviser’s adviser's liability under this Agreement. Any and all deductibles specified in the above-referenced insurance policies shall be assumed by the Sub-Adviseradviser.