Examples of Investment Management Agreements in a sentence
Under the respective Investment Management Agreements, the Investment Manager (and its directors, officers, employees and agents) shall not be liable for any loss or damage arising directly or indirectly out of or in connection with the performance by the Investment Manager of its duties unless such loss or damage arose out of or in connection with the gross negligence, wilful default, fraud or bad faith of or by the Investment Manager in the performance of its duties.
The Investment Management Agreements may be terminated by either party up to upon three months' notice in writing.
The terms of these Investment Management Agreements will comply with Section 15(a) of the 1940 Act.
Under the respective Investment Management Agreements, the Investment Manager may, subject to the prior approval of the Directors, appoint one or more delegate or sub-contractor from time to time to perform and/orexercise all or any of its functions, powers, discretions, duties and obligations under the Investment Management Agreement and shall be responsible for the fees of any such delegate or sub-contractor.
Applicants are not seeking an exemption from the 1940 Act with respect to the Investment Management Agreements.