INVEST SUB-ADVISORY REGARDING MML OTC 100
Β
EXHIBIT
D(17)
Β
INVESTMENT
SUB-ADVISORY AGREEMENT
Β
Β Β Β Β Β Β Β Β This Investment
Sub-Advisory Agreement (this βSub-Advisory Agreementβ), is by and
between Bankers Trust Company (the βSub-Adviserβ) and
Massachusetts Mutual Life Insurance Company, a mutual life insurance company
organized under the laws of the Commonwealth of Massachusetts
(βMassMutualβ), for the MML OTC 100 Fund (the βFundβ), a
series of MML Series Investment Fund (the βTrustβ), a
Massachusetts business trust which is an open-end diversified management
investment company registered as such with the Securities and Exchange
Commission (the βCommissionβ) pursuant to the Investment Company
Act of 1940, as amended (the βActβ), effective as of the 1st day
of May, 2000.
Β
Β Β Β Β Β Β Β Β WHEREAS, the Trust
has appointed MassMutual as the investment adviser for the Fund pursuant to
the terms of an Investment Advisory Agreement (the βAdvisory
Agreementβ);
Β
Β Β Β Β Β Β Β Β WHEREAS, the Advisory
Agreement provides that MassMutual may, at its option, subject to approval
by the Trustees of the Trust and, to the extent necessary, the shareholders
of the Fund, appoint a sub-adviser to assume certain responsibilities and
obligations of MassMutual under the Advisory Agreement;
Β
Β Β Β Β Β Β Β Β WHEREAS, MassMutual
is an investment adviser registered with the Commission as such under the
Investment Advisers Act of 1940, as amended (the βAdvisers Actβ),
and at the date hereof, Sub-Adviser is not required to register under the
Advisers Act; and
Β
Β Β Β Β Β Β Β Β WHEREAS, MassMutual
desires to appoint the Sub-Adviser as its sub-adviser for the Fund and the
Sub-Adviser is willing to act in such capacity upon the terms herein set
forth;
Β
Β Β Β Β Β Β Β Β NOW THEREFORE, in
consideration of the premises and of the mutual covenants herein contained,
MassMutual, the Fund and the Sub-Adviser, the parties hereto, intending to
be legally bound, hereby agree as follows:
Β
1.Β Β General Provision.
Β
Β Β Β Β Β Β Β Β (a)Β
Β MassMutual hereby employs the Sub-Adviser and the Sub-Adviser hereby
undertakes to act as the investment sub-adviser of the Fund to provide
investment advice and to perform for the Fund such other duties and
functions as are hereinafter set forth. The Sub-Adviser shall, in all
matters, give to the Fund and the Trustβs Board of Trustees, directly
or through MassMutual, the benefit of the Sub-Adviserβs best judgment,
effort, advice and recommendations and shall, at all times conform to, and
use its best efforts to ensure the Fund conforms to:
Β
| Β Β Β Β Β Β Β Β (i)Β Β the
provisions of the Act and any rules or regulations thereunder;
Β
| Β Β Β Β Β Β Β Β (ii)Β Β any
other applicable provisions of state or federal law;
Β
| Β Β Β Β Β Β Β Β (iii)Β
Β the provisions of the Agreement and Declaration of Trust and Bylaws
of the Trust, as amended from time to time (collectively referred to as
the βTrust Documentsβ);
Β
| Β Β Β Β Β Β Β Β (iv)Β
Β policies and determinations of the Board of Trustees of the Trust
and MassMutual;
Β
| Β Β Β Β Β Β Β Β (v)Β Β the
fundamental and non-fundamental policies and investment restrictions of
the Fund as reflected in the Trustβs registration statement under the
Act or as such policies may, from time to time, be amended by the
Fundβs shareholders; and
Β
| Β Β Β Β Β Β Β Β (vi)Β Β the
Prospectus and Statement of Additional Information of the Fund in effect
from time to time (collectively referred to as the βDisclosure
Documentsβ).
Β
Β Β Β Β Β Β Β Β (b)Β Β The
appropriate officers and employees of the Sub-Adviser shall be available
upon reasonable notice for consultation with any of the Trustees and
officers of the Trust and MassMutual with respect to any matter dealing with
the business and affairs of the Fund, such as the valuation of portfolio
securities of the Fund.
Β
2.Β Β Duties of the Sub-Adviser.
Β
Β Β Β Β Β Β Β Β (a)Β Β The
Sub-Adviser shall, subject to the direction and control by the Trustβs
Board of Trustees or MassMutual, to the extent MassMutualβs direction
is not inconsistent with that of the Board of Trustees, (i) regularly
provide investment advice and recommendations to the Fund, directly or
through MassMutual, with respect to the Fundβs investments, investment
policies and the purchase, sale or other disposition of securities and other
investments; (ii) supervise and monitor continuously the investment program
of the Fund and the composition of its portfolio and determine what
securities or other investments shall be purchased or sold by the Fund;
(iii) arrange, subject to the provisions of Section 6 hereof, for the
purchase of securities and other investments for the Fund and the sale of
securities and other investments held in the portfolio of the Fund; (iv)
provide reports on the foregoing to the Board of Trustees at each Board
meeting; and (v) undertake to do anything incidental to the foregoing to
facilitate the performance of the Sub-Adviserβs obligations hereunder,
including voting or exercising any consent rights with respect to such
securities or investments.
Β
Β Β Β Β Β Β Β Β (b)Β Β The
Sub-Adviser shall provide to MassMutual such reports for the Fund, and in
such time frames, as MassMutual shall reasonably request or as required by
applicable law or regulation.
Β
Β Β Β Β Β Β Β Β (c)Β
Β Provided that none of MassMutual, the Fund or the Trust shall be
required to pay any compensation other than as provided by the terms of this
Sub-Advisory Agreement and subject to the provisions of Section 5 hereof,
the Sub-Adviser may obtain investment information, research or assistance
from any other person, firm or corporation to supplement, update or
otherwise improve its investment management services.
Β
Β Β Β Β Β Β Β Β (d)Β
Β Provided that nothing herein shall be deemed to protect the
Sub-Adviser from acts or omissions inmaterial breach of this Sub-Advisory
Agreement or from willful misfeasance, bad faith or gross negligence in the
performance of its duties, or reckless disregard to its obligations and
duties under this Sub-Advisory Agreement, the Sub-Adviser shall not be
liable for any loss sustained by reason of good faith errors or omissions in
connection with any matters to which this Sub-Advisory Agreement
relates.
Β
Β Β Β Β Β Β Β Β (e)Β Β The
Sub-Adviser shall make all material disclosures to MassMutual and the Fund
regarding itself and its partners, officers, directors, shareholders,
employees, affiliates or any person who controls any of the foregoing,
including, but not limited to, information regarding any change in control
in the Sub-Adviser or any change in its key personnel (being defined as
those persons who have oversight of, or substantial involvement in, the
day-to-day portfolio transactions for the Fund), information regarding any
material adverse change in the condition (financial or otherwise) of the
Sub-Adviser or any person who controls the Sub-Adviser, information
regarding the investment performance and general investment methods of the
Sub-Adviser, its principals and affiliates, information that MassMutual
reasonably deems material to the Fund or necessary to enable MassMutual to
monitor the performance of the Sub-Adviser and information that is required,
in the reasonable judgment of MassMutual, to be disclosed in any filings
required by any governmental agency or by any applicable law, regulation,
rule or order.
Β
Β Β Β Β Β Β Β Β (f)Β Β The
Sub-Adviser shall provide MassMutual with any information in the
Sub-Adviserβs possession necessary for supervising the activities of
its personnel, including professional, administrative and clerical
personnel, including the compilation and maintenance of such records with
respect to the Fundβs operations as may reasonably be
required.
Β
Β Β Β Β Β Β Β Β (g)Β Β The
Sub-Adviser shall provide MassMutual, upon reasonable prior written request
by MassMutual to the Sub-Adviser, with access to inspect at the
Sub-Adviserβs office the books and records of the Sub-Adviser relating
to the Fund and the Sub-Adviserβs performance hereunder and such other
books and records of the Sub-Adviser as are necessary to confirm that the
Sub-Adviser has complied with its obligations and duties under this
Sub-Advisory Agreement.
Β
3.Β Β Other Activities.
Β
Β Β Β Β Β Β Β Β (a)Β
Β Nothing in this Sub-Advisory Agreement shall prevent MassMutual or the
Sub-Adviser or any officer thereof from acting as investment adviser or
sub-adviser for any other person, firm, corporation or other entity
and shall not in any way limit or restrict MassMutual or the Sub-Adviser or
any of their respective directors, officers, members, stockholders, partners
or employees from buying, selling, or trading any securities for its own
account or for the account of others for whom it or they may be acting,
provided that such activities are in compliance with U.S. federal and state
securities laws, regulations and rules and will not adversely affect or
otherwise impair the performance by any party of its duties and obligations
under this Sub-Advisory Agreement.
Β
Β Β Β Β Β Β Β Β (b)Β Β The
Sub-Adviser agrees that it will not knowingly or deliberately favor any
other account managed or controlled by it or any of its principals or
affiliates over the Fund. The Sub-Adviser, upon reasonable request and
receipt of adequate assurances of confidentiality, shall provide MassMutual
with an explanation of the differences, if any, in performance between the
Fund and any other account with investment objectives and policies similar
to the Fund for which the Sub-Adviser, or any one of its principals or
affiliates, acts as investment adviser. To the extent that a particular
investment is suitable for both the Fund and the Sub-Adviserβs other
clients, such investment will be allocated among the Fund and such other
clients in a manner that is fair and equitable in the circumstances.
Notwithstanding the foregoing or any other provision herein, no provision of
this Sub-Advisory Agreement shall require Sub-Adviser to breach the terms of
any agreement or agreements with its other clients regarding
confidentiality. Upon Sub-Adviserβs provision to MassMutual of
reasonable evidence that provision of the information identified under this
Section would breach such confidentiality provisions, MassMutual shall not
require Sub-Adviser to produce such information.
Β
4.Β Β Compensation of the Sub-Adviser.
Β
Β Β Β Β Β Β Β Β MassMutual agrees to
pay the Sub-Adviser and the Sub-Adviser agrees to accept as full
compensation for the performance of all functions and duties on its part to
be performed pursuant to the provisions hereof, a fee paid quarterly, in
arrears, at the following rate: an annual rate of .05% on the first $200
million of Aggregate Assets; .04% on the next $200 million of Aggregate
Assets; and .02% on Aggregate Assets in excess of $400 million. For the
purposes of this Sub-Advisory Agreement, βAggregate Assetsβ shall
mean the aggregate of (i) the average daily net assets of the Fund
determined at the close of the New York Stock Exchange (the
βExchangeβ) on each day that the Exchange is open for trading, and
(ii) the average daily net assets of all other funds or accounts of
MassMutual or its affiliates, including other funds registered under the
Act, for which the Sub-Adviser provides investment advisory services
determined at the close of the Exchange on each day that the Exchange is
open for trading. MassMutual shall pay the Sub-Advisor such fee not later
than the tenth (10th) business day immediately following the end of each
calendar quarter. Aggregate Assets for which the Sub-Adviser provides
investment advisory services shall mean only equity securities and
securities convertible into equity securities, but shall not include cash or
cash equivalents.
Β
5.Β Β Portfolio Transactions and
Brokerage.
Β
Β Β Β Β Β Β Β Β (a)Β Β The
Sub-Adviser is authorized, in arranging the purchase and sale of the
Fundβs publicly-traded portfolio securities, to employ or deal with
such members of securities exchanges, brokers or dealers (hereinafter
βbroker-dealersβ), as may, in its best judgment, implement the
policy of the Fund to obtain, at reasonable expense, the best execution
(prompt and reliable execution at reasonable expense) of the Fundβs
portfolio transactions. Such brokers and dealers may include brokers or
dealers that are βaffiliated personsβ (as such term is defined in
the Act) of the Trust, the Sub-Adviser or MassMutual, provided that the
Sub-Adviser shall only place orders on behalf of the Fund with such
affiliated persons in accordance with procedures adopted by the Trustees
pursuant to Rule 17e-1 under the Act.
Β
Β Β Β Β Β Β Β Β (b)Β Β The
Sub-Adviser may effect the purchase and sale of securities (which are
otherwise publicly traded) in private transactions on such terms and
conditions as are customary in such transactions, may use a broker to effect
such transactions, and may enter into a contract in which the broker acts
either as principal or as agent.
Β
Β Β Β Β Β Β Β Β (c)Β Β The
Sub-Adviser shall select broker-dealers to effect the Fundβs portfolio
transactions on the basis of its estimate of their ability to obtain best
execution of particular and related portfolio transactions. The abilities of
a broker-dealer to obtain best execution of particular portfolio
transaction(s) will be judged by the Sub-Adviser on the basis of all
relevant factors and considerations including, insofar as feasible, the
execution capabilities
required by the transaction or transactions; the ability and willingness of
the broker-dealer to facilitate the Fundβs portfolio transactions by
participating therein for its own account; the importance to the Fund of
speed, efficiency or confidentiality; the broker-dealerβs apparent
familiarity with sources from or to whom particular securities might be
purchased or sold; other matters involved in the receipt of brokerage and
research services in accordance with Section 28(e) of the Securities
Exchange Act of 1934, as amended; as well as any other matters relevant to
the selection of a broker-dealer for particular and related transactions of
the Fund; and such other considerations as the Board of Trustees of the
Trust or MassMutual determine and provide to the Sub-Adviser from time to
time.
Β
6.Β Β Representations And Warranties of The
Sub-Adviser.
Β
Β Β Β Β Β Β Β Β The Sub-Adviser
hereby represents and warrants to the Fund and MassMutual that:
Β
| Β Β Β Β Β Β Β Β (a)Β Β The
Sub-Adviser has obtained all required governmental and regulatory
licenses, registrations and approvals required by law as may be necessary
to perform its obligations under this Sub-Advisory Agreement and to act as
contemplated by the Trust Documents and the Disclosure Documents,
including without limitation registration as an investment adviser under
the Advisers Act, as applicable, and will maintain, obtain and/or renew
any required licenses, registrations, approvals and memberships during the
term of this Sub-Advisory Agreement.
Β
| Β Β Β Β Β Β Β Β (b)Β
Β Except as described in Section 6(c), there is no pending, or to the
best of its knowledge, threatened or contemplated action, suit or
proceeding before or by any court, governmental, administrative or
self-regulatory body or arbitration panel to which the Sub-Adviser or any
of its principals or affiliates is a party, or to which any of the assets
of the Sub-Adviser is subject, which reasonably might be expected to (i)
result in any material adverse change in the Sub-Adviserβs condition
(financial or otherwise), business or prospects, (ii) affect adversely in
any material respect any of the Sub-Adviserβs assets or (iii)
materially impair the Sub-Adviserβs ability to discharge its
obligations under this Sub-Advisory Agreement; and the Sub-Adviser has not
received any notice of an investigation by the Securities and Exchange
Commission or any state regarding U.S. federal or state securities laws,
regulations or rules.
Β
| Β Β Β Β Β Β Β Β (c)Β Β As a
result of Sub-Adviserβs March 11, 1999 guilty plea, Sub-Adviser would
not be able to provide sub-advisory services to the Fund. The Securities
and Exchange Commission (βSECβ) has granted a temporary order to
permit Sub-Adviser and its affiliates to continue to provide investment
advisory services to registered investment companies, and this temporary
order would allow Sub-Adviser to provide the services to the Fund
hereunder. However, there is no assurance that the SEC will grant a
permanent order and the failure by Sub-Adviser to receive such permanent
order could result in Sub-Adviser not being able to provide the services
contemplated hereunder.
Β
| Β Β Β Β Β Β Β Β (d)Β Β All
references in the Disclosure Documents concerning the Sub-Adviser and its
affiliates and the controlling persons, affiliates, stockholders,
directors, officers and employees of any of the foregoing are accurate in
all material respects and do not contain any untrue statement of a
material fact or omit to state a material fact necessary in order to make
such information not misleading.
Β
| Β Β Β Β Β Β Β Β (e)Β
Β Subject to adequate assurances of confidentiality, the Sub-Adviser
has suppliedor will supply to, or has made or will make available for
review by, MassMutual (and if requested by MassMutual to its designated
auditor) all documents, statements and workpapers reasonably requested by
it relating to the Fund and the Sub-Adviserβs performance results.
Notwithstanding the foregoing or any other provision herein, no provision
of this Sub-Advisory Agreement shall require Sub-Adviser to breach the
terms of any agreement or agreements with its other clients regarding
confidentiality. Upon Sub-Adviserβs provision to MassMutual of
reasonable evidence that provision of the information identified under
this Section would breach such confidentiality provisions, MassMutual
shall not require Sub-Adviser to produce such information.
Β
Β Β Β Β Β Β Β Β The foregoing
representations and warranties shall be continuing during the term of this
Sub-Advisory Agreement.
Β
7.Β Β Covenants of the Sub-Adviser.
Β
Β Β Β Β Β Β Β Β (a)Β Β If at
any time during the term of this Sub-Advisory Agreement, the Sub-Adviser
discovers any fact or omission, or any event or change of circumstances
occurs, which would make the Sub-Adviserβs representations and
warranties in Section 6 inaccurate or incomplete in any material respect, or
which might render the Disclosure Documents untrue or misleading in any
material respect, the Sub-Adviser will provide prompt written notification
to the Fund and MassMutual of any such fact, omission, event or change of
circumstances, and the facts related thereto.
Β
Β Β Β Β Β Β Β Β (b)Β Β The
Sub-Adviser agrees that, during the term of this Sub-Advisory Agreement, and
for so long as investment in the Fund is being offered for sale, it will
provide the Fund and the Sub-Adviser with updated information relating to
the Sub-Adviserβs performance results as reasonably required from time
to time by the Fund and MassMutual. The Sub-Adviser shall use its best
efforts to provide such information within a reasonable period of time after
the end of the month to which such updated information relates and the
information is available to it.
Β
8.Β Β Confidentiality.
Β
Β Β Β Β Β Β Β Β All information and
advice furnished by one party to the other party (including their respective
agents, employees and representatives) hereunder shall be treated as
confidential and shall not be disclosed to third parties, except as may be
necessary to comply with applicable laws, rules and regulations, subpoenas
or court orders.
Β
9.Β Β Duration.
Β
Β Β Β Β Β Β Β Β Unless terminated
earlier pursuant to Section 10 hereof, this Sub-Advisory Agreement shall
remain in effect for a period of two years from the date hereof. Thereafter
it shall continue in effect from year to year, unless terminated pursuant to
Section 10 hereof, so long as such continuance shall be approved at least
annually by the Trustβs Board of Trustees, including the vote of the
majority of the Trustees of the Trust who are not parties to this
Sub-Advisory Agreement or βinterested personsβ (as defined in the
Act) of any such party cast in person at a meeting called for the purpose of
voting on such approval, or by the holders of a βmajorityβ (as
defined in the Act) of the outstanding voting securities of the
Fund.
Β
10.Β Β Termination.
Β
Β Β Β Β Β Β Β Β (a)Β Β This
Sub-Advisory Agreement shall terminate automatically upon its unauthorized
assignment (within the meaning of the Act), the termination of the Advisory
Agreement or the dissolution of the Fund.
Β
Β Β Β Β Β Β Β Β (b)Β Β The
Sub-Advisory Agreement may be terminated by MassMutual or the Board of
Trustees of the Trust: (i) by written notice to the Sub-Adviser with
immediate effect, if the Sub-Adviserβs registration under the
Adviserβs Act is suspended, terminated, lapsed or not renewed; (ii) by
written notice to the Sub-Adviser with immediate effect, if the Sub-Adviser
is bankrupt or insolvent, seeks an arrangement with creditors, is dissolved
or terminated or ceases to exist; (iii) by written notice to the Sub-Adviser
with immediate effect, if MassMutual determines in good faith, for any
reason, that such termination is appropriate for the protection of the Fund,
including without limitation a good faith determination by MassMutual or the
Board of Trustees of the Trust that the Sub-Adviser has breached an
obligation or duty under this Sub-Advisory Agreement; or (iv) in their sole
discretion, without penalty, upon ninety days prior written notice to
Sub-Adviser. This Sub-Advisory Agreement also may be terminated at any time,
without penalty, by the vote of the holders of a βmajorityβ of the
outstanding voting securities of the Fund (as defined in the
Act).
Β
Β Β Β Β Β Β Β Β (c)Β Β The
Sub-Advisory Agreement may be terminated by the Sub-Adviser, without penalty
at any time, upon ninety daysβ prior written notice, to MassMutual and
the Trust.
Β
11.Β Β Indemnification.
Β
Β Β Β Β Β Β Β Β (a)Β Β In any
action in which MassMutual or the Fund or any of its or their controlling
persons, or any shareholders, partners, directors, officers and/or employees
of any of the foregoing, are parties, the Sub-Adviser
agrees to indemnify and hold harmless the foregoing persons against any loss,
claim, settlement, damage, charge, liability or expense (including, without
limitation, reasonable attorneysβ and accountantsβ fees) to which
such persons may become subject, insofar as such loss, claim, settlement,
damage, charge, liability or expense arises out of or is based upon any
demands, claims, liabilities, expenses, lawsuits, actions or proceedings
relating to this Sub-Advisory Agreement or to the advisory services for the
account of the Fund provided by the Sub-Adviser, provided that the loss,
claim, settlement, damage, charge, liability, cost or expense related to,
was based upon, or arose out of (i) an act or omission of the Sub-Adviser or
its officers, directors, employees, affiliates or controlling persons and
(ii) constituted willful misfeasance, bad faith, gross negligence, fraud,
willful misconduct, a material breach of this Sub-Advisory Agreement, or a
violation of applicable federal or state securities laws, rules and
regulations by the Sub-Adviser.
Β
Β Β Β Β Β Β Β Β (b)Β Β In any
action in which the Sub-Adviser or any of its controlling persons, or any
shareholders, partners, directors, officers and/or employees of any of the
foregoing, are parties, MassMutual agrees to indemnify and hold harmless the
foregoing persons against any loss, claim, settlement, damage, charge,
liability or expense (including, without limitation, reasonable
attorneysβ and accountantsβ fees) to which such persons may become
subject, insofar as such loss, claim, settlement, damage, charge, liability
or expense arises out of or is based upon any demands, claims, liabilities,
expenses, lawsuits, actions or proceedings relating to this Sub-Advisory
Agreement, the advisory services for the account of the Fund provided by the
Sub-Adviser, the operation of the Fund or the contents of the Disclosure
Documents, provided that the loss, claim, settlement, damage, charge,
liability, cost or expense did not relate to, or was not based upon, or did
not arise out of an act or omission of the Sub-Adviser, its shareholders, or
any of its partners, officers, directors, employees, agents or controlling
persons constituting willful misfeasance, bad faith, gross negligence,
fraud, willful misconduct, a material breach of this Sub-Advisory Agreement,
or a violation of applicable federal or state securities laws, rules and
regulations.
Β
Β Β Β Β Β Β Β Β (c)Β
Β Promptly after receipt by an indemnified party under this Section 11
of notice of any claim or dispute or commencement of any action or
litigation, such indemnified party will, if a claim in respect thereof is to
be made against an indemnifying party under this Section 11, notify the
indemnifying party of the commencement thereof; but the omission to notify
the indemnifying party will not relieve it from any liability which it may
have to any indemnified party otherwise than under this Section 11 except to
the extent, if any, that such failure or delay prejudiced the other party in
defending against the claim. In case any such claim, dispute, action or
litigation is brought or asserted against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein and, to the
extent that it may wish, to assume the defense thereof, with counsel
specially approved in writing by such indemnified party, such approval not
to be unreasonably withheld, following notice from the indemnifying party to
such indemnified party of its election so to assume the defense thereof; in
which event, the indemnifying party will not be liable to such indemnified
party under this Section 11 for any legal or other expenses subsequently
incurred by such indemnified party in connection with the defense thereof,
but shall continue to be liable to the indemnified party in all other
respects as heretofore set forth in this Section 11. Notwithstanding any
other provisions of this Section 11, if, in any claim, dispute, action or
litigation as to which indemnity is or may be available, any indemnified
party reasonably determines that its interests are or may be, in whole or in
part, adverse to the interests of the indemnifying party, the indemnified
party may retain its own counsel, with the choice of counsel subject to the
consent of the indemnifying party (which consent shall not be withheld
unreasonably), in connection with such claim, dispute, action or litigation
and shall continue to be indemnified by the indemnifying party for any legal
or any other expenses reasonably incurred in connection with investigating
or defending such claim, dispute, action or litigation.
Β
12.Β Β Disclaimer of Shareholder
Liability.
Β
Β Β Β Β Β Β Β Β MassMutual and the
Sub-Adviser understand that the obligations of the Trust under this
Sub-Advisory Agreement are not binding upon any Trustee or shareholder of
the Trust personally, but bind only the Trust and the Trustβs property.
MassMutual and the Sub-Adviser represent that each has notice of the
provisions of the Trust Documents disclaiming shareholder and Trustee
liability for acts or obligations of the Trust.
Β
13.Β Β Notice.
Β
Β Β Β Β Β Β Β Β Any notice under this
Sub-Advisory Agreement shall be in writing, addressed and delivered or
mailed, postage prepaid, to the other party, with a copy to the Trust, at
the addresses below or such other address as such other party may designate
for the receipt of such notice.
Β
Β Β Β Β Β Β Β Β
If to
MassMutual:
| Massachusetts
Mutual Life Insurance Company
|
| 0000 Xxxxx
Xxxxxx
| Xxxxxxxxxxx, XX
00000
| Attention: Xxxxxx
X. Xxxxx
| | | | | | | | | | | | | |