Common use of Sub-Adviser Insurance Clause in Contracts

Sub-Adviser Insurance. The Sub-Adviser agrees that it will maintain at its own expense an errors and omissions insurance policy with respect to the Sub-Adviser in an amount not less than one million dollars ($1,000,000). The foregoing policies shall be issued by insurance companies that maintain an A.M. Best rating of A- or higher, or are otherwise acceptable to the Adviser in its reasonable discretion. 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 it will maintain at its own expense an errors Errors and omissions Omissions insurance policy with respect to the Sub-Adviser adviser in an amount not less than one $10 million dollars ($1,000,000)and Commercial General Liability insurance in a commercially reasonable amount. The foregoing policies shall minimum required amounts set forth in this insurance provision are not to be issued by insurance companies that maintain an A.M. Best rating of A- or higher, or are otherwise acceptable to construed as a limitation on the Adviser in its reasonable discretionSub-adviser'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 it will maintain at its own expense an errors Errors and omissions Omissions insurance policy with respect to the Sub-Adviser adviser in an amount not less than one $5 million dollars ($1,000,000)and Commercial General Liability insurance in a commercially reasonable amount. The foregoing policies shall minimum required amounts set forth in this insurance provision are not to be issued by insurance companies that maintain an A.M. Best rating of A- or higher, or are otherwise acceptable to construed as a limitation on the Adviser in its reasonable discretionSub-adviser’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 it will maintain at its own expense an errors Errors and omissions Omissions insurance policy with respect to the Sub-Adviser adviser in an amount not less than one $10 million dollars ($1,000,000)and Commercial General Liability insurance in a commercially reasonable amount. The foregoing policies shall be issued by insurance companies that maintain an A.M. Best rating of A- or higher, or are otherwise acceptable to the Adviser Adviser. The minimum required amounts set forth in its reasonable discretionthis 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-Adviseradviser.