Common use of Sub-Advisory Agreements Clause in Contracts

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.

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 a 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 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 Funds designated on Exhibit A, and the compensation to be paid to each Sub-Advisor.

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 a 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 Funds designated on Exhibit A, and the compensation to be paid to each Sub-Advisor.