Common use of Sub-Advisers Clause in Contracts

Sub-Advisers. You may engage one or more investment advisers which are ------------ either registered as such or specifically exempt from registration under the Investment Company Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the Trust, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees who are not interested persons of you, the sub-adviser, or of the Trust, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 1940, as amended.

Sub-Advisers. You may engage one or more investment advisers which are ------------ ------------- either registered as such or specifically exempt from registration under the Investment Company Advisers Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the TrustRegistrant, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees who are not interested persons of you, the sub-adviser, or of the TrustRegistrant, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 19401940 Act, as amendedamended (the "1940 Act").

Sub-Advisers. You The Investment Adviser may engage one or more investment advisers which are ------------ either registered as such or specifically exempt from registration under the Investment Company Act of 1940, as amendedAdvisers Act, to act as sub-advisers to provide with respect to the Fund Company certain services set forth in Paragraphs 3 Sections 2 and 6 5 hereof, all as shall be set forth in a written contract to which the Trust, on behalf of Company and the Fund, and you Investment Adviser shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees board of directors of the Company (the “Board of Directors”) who are not deemed to be “interested persons of you, the sub-adviser, or persons” of the TrustCompany (as defined in the Investment Company Act), cast in person at a meeting called for the purpose of voting on such approval and and, to the extent required by the Investment Company Act, by the vote of a majority of the outstanding voting securities of the Fund Company and otherwise consistent with the terms of the Investment Company Act of 1940, as amendedAct.

Sub-Advisers. You The Investment Adviser may engage one or more investment ------------ advisers which are ------------ either registered as such or specifically exempt from registration under the Investment Company Advisers Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereofSection 4 of this Agreement, all as shall be set forth in a written contract to which the Trust, on behalf of the Fund, and you the Investment Adviser shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees of the Trust who are not interested persons of youthe Investment Adviser, the sub-adviser, adviser or of the Trust, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 1940, as amended1940 Act.

Sub-Advisers. You may engage one or more investment advisers ------------- which are ------------ either registered as such or specifically exempt from registration under the Investment Company Advisers Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the TrustCompany, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees Directors who are not interested persons of you, the sub-adviser, or of the TrustCompany, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 19401940 Act, as amended, (the "1940 Act").

Sub-Advisers. You may engage one or more investment advisers ------------ which are ------------ either registered as such or specifically exempt from registration under the Investment Company Advisers Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the TrustCompany, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees Directors who are not interested persons of you, the sub-adviser, or of the TrustCompany, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 19401940 Act, as amended, (the "1940 Act").

Sub-Advisers. You may engage one or more investment advisers which are ------------ either registered as such or specifically exempt from registration under the Investment Company Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the TrustRegistrant, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees who are not interested persons of you, the sub-adviser, or of the TrustRegistrant, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 1940, as amendedamended (the "1940 Act").

Sub-Advisers. You may engage one or more investment advisers which are ------------ either registered as such or specifically exempt from registration under the Investment Company Advisers Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the TrustRegistrant, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees who are not interested persons of you, the sub-adviser, or of the TrustRegistrant, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 19401940 Act, as amendedamended (the "1940 Act").

Sub-Advisers. You may engage one or more investment advisers which ------------ are ------------ either registered as such or specifically exempt from registration under the Investment Company Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the Trust, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees who are not interested persons of you, the sub-adviser, or of the Trust, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 1940, as amended.

Sub-Advisers. You may engage one or more investment advisers which are ------------ ------------- either registered as such or specifically exempt from registration under the Investment Company Advisers Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the TrustRegistrant, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees [Trustees/Directors] who are not interested persons of you, the sub-adviser, or of the TrustRegistrant, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 19401940 Act, as amendedamended (the "1940 Act").

Sub-Advisers. You may engage one or more investment advisers which are ------------ either registered as such or specifically exempt from registration under the Investment Company Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the TrustRegistrant, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees who are not interested persons of you, the sub-adviser, or of the TrustRegistrant, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 1940, as amended.amended (the "1940 Act")

Sub-Advisers. You may engage one or more investment advisers which are ------------ ------------- either registered as such or specifically exempt from registration under the Investment Company Advisers Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the TrustCompany, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees Directors who are not interested persons of you, the sub-adviser, or of the TrustCompany, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 19401940 Act, as amended, (the "1940 Act").

Sub-Advisers. You The Investment Adviser may engage one or more ------------ investment advisers which are ------------ either registered as such or specifically exempt from registration under the Investment Company Advisers Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund Trust certain services set forth in Paragraphs 3 and 6 hereofSection 4 of this Agreement, all as shall be set forth in a written contract to which the Trust, on behalf of Trust and the Fund, and you Investment Adviser shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees of the Trust who are not interested persons of youthe Investment Adviser, the sub-adviser, adviser or of the Trust, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund Trust and otherwise consistent with the terms of the Investment Company Act of 1940, as amended1940 Act.

Sub-Advisers. You may engage one or more investment advisers which are ------------ either registered as such or specifically exempt from registration under the Investment Company Advisers Act of 1940, as amended, to act as sub-advisers to provide with respect to the a Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the TrustRegistrant, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees who are not interested persons of you, the sub-adviser, or of the TrustRegistrant, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 19401940 Act, as amendedamended (the “1940 Act”).

Sub-Advisers. You may engage one or more investment advisers which ------------- are ------------ either registered as such or specifically exempt from registration under the Investment Company Advisers Act of 1940, as amended, to act as sub-advisers to provide with respect to the Fund certain services set forth in Paragraphs 3 and 6 hereof, all as shall be set forth in a written contract to which the TrustRegistrant, on behalf of the Fund, and you shall be parties, which contract shall be subject to approval by the vote of a majority of the Trustees who are not interested persons of you, the sub-adviser, or of the TrustRegistrant, cast in person at a meeting called for the purpose of voting on such approval and by the vote of a majority of the outstanding voting securities of the Fund and otherwise consistent with the terms of the Investment Company Act of 19401940 Act, as amendedamended (the "1940 Act").