Subadvisory Services. In its capacity as subadviser to the Fund, the Subadviser shall have the following responsibilities:
Subadvisory Services a. The Subadviser shall, subject to the supervision of the Manager and in cooperation with the Manager, as administrator, or with any other administrator appointed by the Manager (the “Administrator”), manage the investment and reinvestment of the assets of the Portfolio. The Subadviser shall invest and reinvest the assets of the Portfolio in conformity with (1) the investment objective, policies and restrictions of the Portfolio set forth in the Fund’s prospectus and statement of additional information, as revised or supplemented from time to time, relating to the Portfolio (the “Prospectus”), (2) any additional policies or guidelines established by the Manager or by the Fund’s Directors that have been furnished in writing to the Subadviser and (3) the provisions of the Internal Revenue Code (the “Code”) applicable to “regulated investment companies” (as defined in Section 851 of the Code) and “segregated asset accounts” (as defined in Section 817 of the Code) including, but not limited to, the diversification requirements of Section 817(h) of the Code and the regulations thereunder, all as from time to time in effect (collectively, the “Policies”), and with all applicable provisions of law, including without limitation all applicable provisions of the Investment Company Act of 1940 (the “1940 Act”) the rules and regulations thereunder and the interpretive opinions thereof of the staff of the Securities and Exchange Commission (“SEC”) (“SEC Positions”); provided, however, that the Manager agrees to inform the Subadviser of any and all applicable state insurance law restrictions that operate to limit or restrict the investments the Portfolio might otherwise make (“Insurance Restrictions”), and to inform the Subadviser promptly of any changes in such Insurance Restrictions. Subject to the foregoing, the Subadviser is authorized, in its discretion and without prior consultation with the Manager, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio, without regard to the length of time the securities have been held and the resulting rate of portfolio turnover or any tax considerations; and the majority or the whole of the Portfolio may be invested in such proportions of stocks, bonds, other securities or investment instruments, or cash, as the Subadviser shall determine. Notwithstanding the foregoing provisions of this Section 1.a, however, the Subadviser shall, upon written ins...
Subadvisory Services. (a) Subject to the general oversight of the Board and the general supervision, oversight and direction of PWP and Advisor, with respect to the Subadvisor Managed Assets, Subadvisor will (i) make investment decisions for the Funds in accordance with each Fund’s respective investment objective and policies as stated in such Fund’s Registration Statement, with the provisions of this Agreement and with such written guidelines as Advisor may from time to time provide to Subadvisor; (ii) place purchase and sale orders on behalf of the Funds and enter such orders on behalf of the Funds under trading agreements the Advisor or Issuer has entered for use by the Funds (such as ISDAs, futures agreements, MSFTAs, and other agreements) as necessary to place such orders; and (iii) maintain such books and records with respect to the securities transactions of the Funds as are required by applicable law or regulation.
Subadvisory Services a. The Subadviser shall, subject to the supervision of the Manager and in cooperation with the Manager, as administrator, or with any other administrator appointed by the Manager (the "Administrator"), manage the investment and reinvestment of the assets of the Portfolio. Subject to the provisions of subparagraph (b) of this Section 1, the Subadviser agrees to invest and reinvest the assets of the Portfolio in conformity with (1) the investment objective, policies and restrictions of the Portfolio set forth in the Fund's prospectus and statement of additional information, as revised or supplemented from time to time, relating to the Portfolio (the "Prospectus"), as provided to the Subadviser, (2) any additional policies or guidelines established by the Manager or by the Fund's directors that have been furnished in writing to the Subadviser, and (3) the provisions of the Internal Revenue Code, as amended (the "Code") applicable to "
Subadvisory Services. You authorize us and we may engage one or more subadvisers to manage your Designated Account in accordance with your Investment Policy Statement in accordance with the limited discretionary authority you have granted us under Section 3, this Agreement, and any other re- quirements we may impose.
Subadvisory Services. Subject to such written instructions and supervision as the Adviser shall from time to time furnish and consistent with a Fund’s investment objective, policies and applicable restrictions as stated in such Fund’s most recent Prospectus and Statement of Additional Information, the Subadviser will provide an investment program for the Segment, including investment research and management with respect to securities and investments, including cash and cash equivalents in the Segment, with full discretion to determine from time to time what securities and other investments will be purchased, retained or sold by and within the Segment. The Subadviser will exercise full discretion to implement such determinations through the placement, on behalf of each Fund, of orders for the execution of portfolio transactions through such brokers or dealers as it may select. The Subadviser may utilize the personnel of its affiliates to assist it with providing its services under this Agreement, provided that Subadviser: will remain solely responsible for the provision of services under this Agreement; will supervise the personnel of its affiliates and subject them to its Code of Ethics; and represents that it will satisfy the conditions adopted by the SEC staff with respect to utilizing personnel of affiliates. ln fulfilling its responsibilities hereunder, the Subadviser agrees that it will, with respect to each Fund: a. use reasonable care and act in a manner consistent with applicable national, federal and state laws and regulations in rendering the services it agrees to provide under this Agreement; b. conform with all applicable rules and regulations of the SEC and, in addition, will conduct its activities under this Agreement in accordance with any applicable regulations of any government authority pertaining to the investment advisory activities of the Subadviser and shall furnish such written reports or other documents substantiating such compliance as the Adviser reasonably may request from time to time; c. not make loans to any person to purchase or carry shares of beneficial interest in the Trust or make loans to the Trust; d. place orders pursuant to investment determinations for the Fund either directly with the issuer or with an underwriter, market maker or broker or dealer. In placing orders, the Subadviser will use its commercially reasonable best efforts to seek best execution of such orders, having regard to all factors it considers relevant. Consistent with t...
Subadvisory Services. (a) Subject to the general oversight of the Board and the general supervision, oversight and direction of PWP and Advisor, with respect to the Subadvisor Managed Assets, Subadvisor will (i) make investment decisions for the Funds in accordance with each Fund’s respective investment objective and policies as stated in such Fund’s Registration Statement, with the provisions of this Agreement and with such written guidelines as Advisor may from time to time provide to Subadvisor; (ii) to the extent consistent with Subadvisor’s duty to seek best execution, place purchase and sale orders on behalf of the Funds in respect of the Subadvisor Managed Assets and enter such orders on behalf of the Funds in respect of the Subadvisor Managed Assets under trading agreements the Advisor or Issuer has entered into for use by the Funds (such as ISDAs, futures agreements, MSFTAs, and other agreements) (the “Trading Agreements”) as necessary to place such orders; and (iii) maintain such books and records with respect to the securities transactions of the Subadvisor Managed Assets as are required by Rule 31a-1 under the Investment Company Act and Rule 204-2 of the Advisers Act.
Subadvisory Services. (a) Subject to the general oversight of the Board and the general supervision, oversight and direction of PWP and Advisor, with respect to the Subadvisor Managed Assets, Subadvisor will use its reasonable best efforts to (i) make investment decisions for the Funds in accordance with (x) each Fund’s respective investment objective and policies as stated in such Fund’s Registration Statement as of the date hereof and as amended from time to time, (y) the provisions of this Agreement and (z) such written guidelines as Advisor may from time to time provide to Subadvisor; (ii) place purchase and sale orders on behalf of the Funds and enter such orders on behalf of the Funds under trading agreements the Advisor or Issuer has entered for use by the Funds (such as ISDAs, futures agreements, MSFTAs, and other agreements) as necessary to place such orders; and (iii) maintain such books and records with respect to the securities transactions of the Funds placed by Subadvisor as are required by applicable law or regulation. Advisor will provide Subadvisor with advance notice of any change in the Registration Statement or guidelines that may impact Subadvisor’s activities under this Agreement.
Subadvisory Services. Subject to the supervision of the Trust's Board of Trustees and the Adviser, the Sub-Adviser will assist the Adviser in providing a continuous investment program with respect to the Fund's portfolio, including investment research and management with respect to all securities and investments and cash equivalents in the Fund. The Sub-Adviser will provide services under this Agreement in accordance with the Fund's investment objectives, policies and restrictions as stated in the Fund's prospectus, statement of additional information and resolutions of the Trust's Board of Trustees applicable to the Fund, as provided to the Sub-Adviser by the Adviser from time to time. Without limiting the generality of the foregoing, the Sub-Adviser further agrees that it will, with respect to the Fund:
Subadvisory Services. In its capacity as subadviser to each Fund, TXX shall have the following responsibilities:
