Common use of Activities of the Local Manager Clause in Contracts

Activities of the Local Manager. The services of the Local Manager to the Investment Adviser in connection with the operations of each Portfolio are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as “affiliates”) being free to render services to others. It is understood that the Directors and any officers, employees and shareholders of the Fund are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the Fund, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the Fund as shareholders or otherwise.

Appears in 17 contracts

Samples: Sub Advisory Agreement (Morgan Stanley Institutional Fund Inc), Sub Advisory Agreement (Morgan Stanley Institutional Fund Inc), Sub Advisory Agreement (Morgan Stanley Institutional Fund Inc)

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Activities of the Local Manager. The services of the Local Manager to the Investment Adviser in connection with the operations of each Portfolio Fund are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as “affiliates”) being free to render services to others. It is understood that the Directors Board and any officers, employees and shareholders of the a Fund are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the a Fund, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the a Fund as shareholders or otherwise.

Appears in 7 contracts

Samples: Sub Advisory Agreement (Morgan Stanley International Value Equity Fund), Sub Advisory Agreement (Morgan Stanley Variable Investment Series), Sub Advisory Agreement (Morgan Stanley FX Series Funds)

Activities of the Local Manager. The services of the Local Manager to the Investment Adviser Manager in connection with the operations of each Portfolio the Fund are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as “affiliates”) being free to render services to others. It is understood that the Directors Trustees and any officers, employees and shareholders of the Fund are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the Fund, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the Fund as shareholders or otherwise.

Appears in 6 contracts

Samples: Sub Advisory Agreement (Morgan Stanley Select Dimensions Investment Series), Sub Advisory Agreement (Morgan Stanley Select Dimensions Investment Series), Sub Advisory Agreement (Morgan Stanley Health Sciences Trust)

Activities of the Local Manager. The services of the Local Manager to the Investment Adviser in connection with the operations of each Portfolio Fund are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as “affiliates”) being free to render services to others. It is understood that the Directors Board and any officers, employees and shareholders of the a Fund are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the a Fund, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the a Fund as shareholders or otherwise.

Appears in 6 contracts

Samples: Sub Advisory Agreement (Morgan Stanley European Equity Fund Inc.), Sub Advisory Agreement (Morgan Stanley European Equity Fund Inc.), Sub Advisory Agreement (Morgan Stanley European Equity Fund Inc.)

Activities of the Local Manager. The services of the Local Manager to the Investment Adviser in connection with the operations of each Portfolio are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as “affiliates”) being free to render services to others. It is understood that the Directors Trustees and any officers, employees and shareholders of the Fund are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the Fund, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the Fund as shareholders or otherwise.

Appears in 4 contracts

Samples: Sub Advisory Agreement (Morgan Stanley Institutional Fund Trust), Sub Advisory Agreement (Morgan Stanley Institutional Fund Trust), Sub Advisory Agreement (Morgan Stanley Institutional Fund Trust)

Activities of the Local Manager. The services of the Local Manager to the Investment Adviser in connection with the operations of each Portfolio Fund are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as “affiliates”) being free to render services to others. It is understood that the Directors Trustees and any officers, employees and shareholders of the a Fund are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the a Fund, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the a Fund as shareholders or otherwise.

Appears in 3 contracts

Samples: Sub Advisory Agreement (Voya INVESTORS TRUST), Sub Advisory Agreement (Voya INVESTORS TRUST), Sub Advisory Agreement (Morgan Stanley Natural Resource Development Sec)

Activities of the Local Manager. The services of the Local Manager to the Investment Adviser in connection with the operations of each Portfolio Fund are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as “affiliates”) being free to render services to others. It is understood that the Directors and any officers, employees and shareholders of the Fund are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the Fund, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the Fund as shareholders or otherwise.

Appears in 3 contracts

Samples: Sub Advisory Agreement (Morgan Stanley Institutional Fund of Hedge Funds Lp), Sub Advisory Agreement (Morgan Stanley Global Long/Short Fund A), Sub Advisory Agreement (Alternative Investment Partners Absolute Return Fund)

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Activities of the Local Manager. The services of the Local Manager to the Investment Adviser in connection with the operations of each Portfolio the Fund are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as “affiliates”) being free to render services to others. It is understood that the Directors Trustees and any officers, employees and shareholders of the Fund are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the Fund, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the Fund as shareholders or otherwise.

Appears in 3 contracts

Samples: Investment Sub Advisory Agreement (Eaton Vance LTD Duration Income Fund), Sub Advisory Agreement (Morgan Stanley Series Funds), Sub Advisory Agreement (Morgan Stanley Series Funds)

Activities of the Local Manager. The services of the Local Manager to the Investment Adviser in connection with the operations of each Portfolio the Fund are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as "affiliates") being free to render services to others. It is understood that the Directors and any officers, employees and shareholders of the Fund are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the Fund, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the Fund as shareholders or otherwise.

Appears in 2 contracts

Samples: Sub Advisory Agreement (Morgan Stanley Emerging Markets Fund Inc), Sub Advisory Agreement (Latin American Discovery Fund, Inc.)

Activities of the Local Manager. The services of the Local Manager to the Investment Adviser in connection with the operations of each Portfolio the Trust are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as “affiliates”) being free to render services to others. It is understood that the Directors Trustees and any officers, employees and shareholders holders of the Fund Trust are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the FundTrust, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the Fund Trust as shareholders holders or otherwise.

Appears in 2 contracts

Samples: Agreement (Global Macro Absolute Return Advantage Portfolio), Global Macro Portfolio

Activities of the Local Manager. The services of the Local Manager to the Investment Adviser in connection with the operations of each Portfolio are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as “affiliates”) being free to render services to others. It is understood that the Directors and any officers, employees and shareholders of the Fund Trust are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the FundTrust, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the Fund Trust as shareholders or otherwise.

Appears in 1 contract

Samples: Sub Advisory Agreement (Morgan Stanley ETF Trust)

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