Sub-Advisors. The Advisor is hereby authorized to enter into one or more sub-advisory agreements with other investment advisers (each, a “Sub-Advisor”) pursuant to which the Advisor may obtain the services of the Sub-Advisor(s) to assist the Advisor in fulfilling its responsibilities hereunder. Specifically, the Advisor may retain a Sub-Advisor to recommend specific securities or other investments based upon the Company’s investment objectives, policies and restrictions, and work, along with the Advisor, in sourcing, structuring, negotiating, arranging or effecting the acquisition or disposition of such investments and monitoring investments on behalf of the Company, subject to the oversight of the Advisor and the Company. (i) The Advisor and not the Company shall be responsible for any compensation payable to any Sub-Advisor. (ii) Any sub-advisory agreement entered into by the Advisor shall be in accordance with the requirements of the Investment Company Act, including without limitation the requirements relating to Board approval and the Company’s stockholder approval thereunder, and other applicable federal and state law. (iii) Any Sub-Advisor shall be subject to the same fiduciary duties imposed on the Advisor pursuant to this Agreement, the Investment Company Act and the Advisers Act, as well as other applicable federal and state law.
Appears in 6 contracts
Samples: Investment Advisory and Administrative Services Agreement (Terra Income Fund 6, Inc.), Investment Advisory and Administrative Services Agreement (Terra Income Fund 6, Inc.), Investment Advisory and Administrative Services Agreement (Terra Income Fund 6, Inc.)
