Supervision; Adviser Retains Certain Authority. In furnishing the services hereunder, the Sub-Adviser will be subject to the supervision of the Adviser and the Board. Subject to approval of the Board and advance written notice that is reasonable under the circumstances to the Sub-Adviser, the Adviser retains complete authority to assume direct responsibility for any function delegated to the Sub-Adviser under this Agreement; provided, however, that (i) the treatment of the Sub-Adviser’s Portfolio Information shall only be available to Cleared Personnel (as defined below) and shall in any event be treated in accordance with Section 15 hereof and (ii) the Adviser shall not assume direct investment responsibility for the securities invested by the Sub-Adviser for the Allocated Portion during the term of this Agreement.
Appears in 4 contracts
Samples: Investment Sub Advisory Agreement (Blackstone Alternative Investment Funds), Sub Advisory Agreement (Blackstone Alternative Investment Funds), Sub Advisory Agreement (Blackstone Alternative Investment Funds)
