Common use of Valuation and Liquidity Clause in Contracts

Valuation and Liquidity. The Sub-Adviser shall monitor the price and liquidity of assets of the Fund and, in accordance with procedures established by the Trust, as amended from time to time, and in conjunction with the Adviser, promptly notify the Adviser and the Trust if assets of the Fund do not have readily available market quotations in accordance with the Trust’s Pricing and Valuation Procedures. The Sub-Adviser will provide reasonable assistance in determining the fair value of the assets, as necessary, and use reasonable efforts to arrange for the provision of valuation information or a price(s) from a party(ies) independent of the Sub-Adviser for which market prices are not readily available, it being understood that the Sub-Adviser will not be responsible for determining the value of any such security. Additionally, in accordance with the Trust’s Liquidity Risk Management Program, the Adviser shall be responsible for classifying assets of the Fund into at least one of four liquidity categories on a daily basis, and notify the Trust immediately if the Fund exceeds the 15% limit in Illiquid Investments or falls below its Highly Liquid Investment Minimum, if any. The Sub-Adviser will provide reasonable assistance in assessing the liquidity risks of the Fund and any applicable regulatory reporting requirements, including, on a daily basis, independently monitoring the liquidity of the assets of the Fund and communicating any suggested changes to the liquidity category of such assets. 8.

Valuation and Liquidity. The Sub-Adviser shall monitor the price and liquidity of assets of the Fund and, in accordance with procedures established by the Trust, as amended from time to time, and in conjunction with the Adviser, promptly notify the Adviser and the Trust if assets of the Fund do not have readily available market quotations in accordance with the Trust’s Pricing and Valuation Procedures. The Sub-Adviser will provide reasonable assistance in determining the fair value of the assets, as necessary, and use reasonable efforts to arrange for the provision of valuation information or a price(s) from a party(ies) independent of the Sub-Adviser for which market prices are not readily available, it being understood that the Sub-Adviser will not be responsible for determining the value of any such security. Additionally, in accordance with the Trust’s Liquidity Risk Management Program, the Adviser shall be responsible for classifying assets of the Fund into at least one of four liquidity categories on a daily basis, and notify the Trust immediately if the Fund exceeds the 15% limit in Illiquid Investments or falls below its Highly Liquid Investment Minimum, if any. The Sub-Adviser will provide reasonable assistance in assessing the liquidity risks of the Fund and any applicable regulatory reporting requirements, including, on a daily basis, independently monitoring the liquidity of the assets of the Fund and communicating any suggested changes to the liquidity category of such assets. 8.

Valuation and Liquidity. The Sub-Adviser shall monitor the price and liquidity of assets of the Fund and, in accordance with procedures established by the Trust, as amended from time to time, and in conjunction with the Adviser, promptly notify the Adviser and the Trust if assets of the Fund do not have readily available market quotations in accordance with the Trust’s 's Pricing and Valuation Procedures. The Sub-Adviser will provide reasonable assistance in determining the fair value of the assets, as necessary, and use reasonable efforts to arrange for the provision of valuation information or a price(s) from a party(ies) independent of the Sub-Adviser for which market prices are not readily available, it being understood that the Sub-Adviser will not be responsible for determining the value of any such security. Additionally, in accordance with the Trust’s 's Liquidity Risk Management Program, the Adviser shall be responsible for classifying assets of the Fund into at least one of four liquidity categories on a daily basis, and notify the Trust immediately if the Fund exceeds the 15% limit in Illiquid Investments or falls below its Highly Liquid Investment Minimum, if any. The Sub-Sub Adviser will provide reasonable assistance in assessing the liquidity risks of the Fund and any applicable regulatory reporting requirements, including, on a daily basis, independently monitoring the liquidity of the assets of the Fund and communicating any suggested changes to the liquidity category of such assets. 8.