Sub-Advisory Agreements Sample Clauses
Sub-Advisory Agreements. The Adviser may enter into sub-advisory agreements with persons (“Sub-Advisers”) pursuant to which the Adviser delegates any or all of its functions hereunder to one or more Sub-Advisers provided that a majority of the Trust’s Board of Trustees, that are not interested persons of the Trust or the Adviser; approve the agreement and provided further, that, to the extent required by the Investment Company Act of 1940, as amended, and the rules and regulations thereunder, a majority of the outstanding voting shares of the Fund must also approve the agreement. The Adviser shall pay all compensation of any such Sub-Advisers and will have the right to terminate the services of any Sub-Adviser at any time on no more than 60 days’ notice, subject to the approval of the Board of Trustees, and thereupon shall at such time assume the responsibilities of such Sub-Adviser unless and until a successor Sub-Adviser is selected.
Sub-Advisory Agreements. The Adviser may enter into sub-advisory ----------------------- agreements with persons ("Sub-Advisers") pursuant to which the Adviser delegates any or all of its functions hereunder to one or more Sub-Advisers provided that a majority of the Trust's Board of Trustees, that are not interested persons of the Trust or the Adviser; approve the agreement and provided further, that a majority of the outstanding voting shares of the Fund must also approve the agreement. The Adviser shall pay all compensation of any such Sub-Advisers and will have the right to terminate the services of any Sub-Adviser at any time on no more than 60 days' notice, subject to the approval of the Board of Trustees, and thereupon shall at such time assume the responsibilities if such Sub-Adviser unless and until a successor Sub-Adviser is selected.
Sub-Advisory Agreements. The Adviser may enter into sub-advisory agreements with persons (“Sub-Advisers”) pursuant to which the Adviser delegates any or all of its functions hereunder to one or more Sub-Advisers provided that a majority of the Trust’s Board of Trustees, that are not interested persons of the Trust or the Adviser; approve the agreement and provided further, that, to the extent required by the Investment Company Act of 1940, as amended, and the rules and regulations thereunder, a majority of the outstanding voting shares of the Fund must also approve the agreement. The Adviser shall pay all compensation of any such Sub-Advisers and will have the right to terminate the services of any Sub-Adviser at any time on no more than 60 days’ notice, subject to the approval of the Board of Trustees, and thereupon shall at such time assume the responsibilities of such Sub-Adviser unless and until a successor Sub-Adviser is selected. 3. Administrative Services to be Provided and Expenses to be Assumed by the Adviser. Until the termination of the employment of the Adviser as investment manager for the Fund, the Adviser will provide, or provide for, all services required for the administration of the Trust and the Fund. The Trust (or the Fund) shall bear its own expenses, with the following exceptions: the Adviser shall bear all fund accounting and other administrative service expenses, all investment management expenses, and all distribution expenses of the Fund.
Sub-Advisory Agreements. In carrying out your responsibilities hereunder you may employ, retain or otherwise avail yourself of the services of other persons or entities including without limitation, your affiliates on such terms as you may deem necessary or appropriate. However, if you choose to retain or avail yourself of the services of another person or entity to manage assets of the Fund (a “Sub-Advisor”), such other person must be (i) registered as an investment adviser under the Investment Advisers Act of 1940 (the “Advisers Act”), (ii) retained at your own cost and expense, and (iii) retained subject to the requirements of Section 15 of the 1940 Act. Retention of one or more Sub-Advisors, or the employment or retention of other persons or entities to perform services, shall in no way reduce the responsibilities or obligations of you under this Agreement and you shall be responsible for all acts and omissions of such Sub-Advisors, or other persons or entities, in connection with the performance of your duties hereunder. You may enter into Sub-Advisory Agreements in forms, approved by the Board, in which you may contract for advisory services and pay each Sub-Advisor compensation for its services out of the compensation received pursuant to section 5 of this Agreement . Each such Sub-Advisory Agreement will be conterminous with this Agreement. Exhibit A, attached hereto, identifies the Sub-Advisors you have initially selected to assist with the management of the Fund designated on Exhibit A, and the compensation to be paid to each Sub-Advisor.
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Sub-Advisory Agreements. The MSA Sub-Advisory Agreements and the Templeton Sub-Advisory Agreement each shall have been duly executed.
Sub-Advisory Agreements. Contemporaneously with the execution of the Original Management Agreement, the Company and the Manager entered into a sub-advisory agreement with R▇▇▇▇▇▇ & Co., and contemporaneously with the execution of this Agreement, the Company and the Manager are entering into a sub-advisory agreement with Brookfield Sub-Advisor (together with R▇▇▇▇▇▇ & Co., the “Sub-Advisors”) pursuant to which the Sub-Advisors will, subject to the direction and control of the Company and the Manager, provide advisory services to the Company and provide advisory services to the Manager in connection with its service to the Company hereunder.