Common use of Use of Subsidiaries and Affiliates Clause in Contracts

Use of Subsidiaries and Affiliates. Each Sub-Adviser may perform any or all of the services contemplated hereunder, including but not limited to providing investment advice to the Funds and placing orders for the purchase and sale of portfolio securities or other investments for the Funds, directly or through such of its subsidiaries or other affiliates, including each of the other Sub-Advisers, as such Sub-Adviser shall determine; provided, however, that performance of such services through such subsidiaries or other affiliates shall have been approved, when required by the 1940 Act, by (i) a vote of a majority of the Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of a party to this Agreement, other than as Board members (“Independent Trustees”), cast in person at a meeting called for the purpose of voting on such approval, and/or (ii) a vote of a majority of that Fund’s outstanding voting securities.

Use of Subsidiaries and Affiliates. Each The Investment Sub-Adviser may perform any or all of the services contemplated hereunder, including but not limited to providing investment advice to a Fund and, to the Funds and extent requested, placing orders for the purchase and sale of portfolio securities or other investments for the Fundsa Fund, directly or through such of its subsidiaries or other affiliates, including each of as the other Sub-Advisers, as such Investment Sub-Adviser shall determine; provided, however, that performance of such services through such subsidiaries or other affiliates shall have been approved, when required by the 1940 Act, by (i) a vote of a majority of the Trustees who are not parties to this Agreement or “"interested persons” " (as defined in the 0000 Xxx1940 Act) of a party to this Agreementxxxx Xxxeement, other than as Board members (“"Independent Trustees”"), cast in person at a meeting called for the purpose of voting on such approval, and/or (ii) a vote of a majority of that Fund’s 's outstanding voting securities.

Use of Subsidiaries and Affiliates. Each The Investment Sub-Adviser may perform any or all of the services contemplated hereunder, including but not limited to providing investment advice to a Fund and, to the Funds and extent requested, placing orders for the purchase and sale of portfolio securities or other investments for the Fundsa Fund, directly or through such of its subsidiaries or other affiliates, including each of as the other Sub-Advisers, as such Investment Sub-Adviser shall determine; provided, however, that performance of such services through such subsidiaries or other affiliates shall have been approved, when required by the 1940 Act, by (i) a vote of a majority of the Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of a party to this Agreement, other than as Board members (“Independent Trustees”), cast in person at a meeting called for the purpose of voting on such approval, and/or (ii) a vote of a majority of that Fund’s outstanding voting securities.