Common use of Class Action Litigation Clause in Contracts

Class Action Litigation. The Sub-Adviser shall have no power, authority, responsibility, or obligation hereunder to take any action with regard to any claim or potential claim in any class action securities litigation, or other litigation or proceeding affecting securities held at any time in the Fund, including, without limitation, to file proofs of claim or other documents related to such proceedings (the "Litigation"), or to investigate, initiate, supervise, or monitor the Litigation involving the Fund, and Adviser acknowledges and agrees that no such power, authority, responsibility or obligation is delegated hereunder. Nevertheless, the Sub-Adviser agrees to cooperate reasonably with Adviser, upon Adviser's written request, to provide relevant trade data and/or non- proprietary and non-confidential trade-related information in Sub-Adviser's possession with respect to securities traded for the Fund.

Appears in 1 contract

Sources: Sub Advisory Agreement (Advisors' Inner Circle Fund)

Class Action Litigation. The Sub-Adviser shall have no power, authority, responsibility, or obligation hereunder to take any action with regard to any claim or potential claim in any class action securities litigation, or other litigation or proceeding affecting securities held at any time in the Fund, including, without limitation, to file proofs of claim or other documents related to such proceedings (the "Litigation"), or to investigate, initiate, supervise, or monitor the Litigation involving the Fund, and Adviser acknowledges and agrees that no such power, authority, responsibility or obligation is delegated hereunder. Nevertheless, the Sub-Adviser agrees to cooperate reasonably with Adviser, upon Adviser's written request, to provide relevant trade data and/or non- non-proprietary and non-confidential trade-related information in Sub-Adviser's possession with respect to securities traded for the Fund.

Appears in 1 contract

Sources: Sub Advisory Agreement (Advisors' Inner Circle Fund)