Common use of Employment as a Subadviser Clause in Contracts

Employment as a Subadviser. The Adviser, being duly authorized, hereby employs Credit Suisse Asset Management, LLC (the “Subadviser”) as a discretionary series adviser to invest and reinvest that discrete portion of the assets of the Series designated by the Adviser (the “Allocated Portion”) as set forth on Schedule F attached hereto on the terms and conditions set forth herein. The services of the Subadviser hereunder are not to be deemed exclusive; the Subadviser may render services to others and engage in other activities. However, the Subadviser acknowledges its fiduciary duties to the Series. It is acknowledged and agreed that the Adviser may appoint from time to time other subadvisers in addition to the Subadviser to manage the assets of the Series that do not constitute the Allocated Portion and nothing in this Agreement shall be construed or interpreted to grant the Subadviser an exclusive arrangement to act as the sole subadviser to the Series. It is further acknowledged and agreed that the Adviser makes no commitment to designate any portion of the Series assets to the Subadviser as the Allocated Portion.

Appears in 1 contract

Samples: Subadvisory Agreement (Virtus Alternative Solutions Trust)

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Employment as a Subadviser. The Adviser, being duly authorized, hereby employs Credit Suisse Asset Mast Capital Management, LLC (the “Subadviser”) as a discretionary series adviser to invest and reinvest that discrete portion of the assets of the Series designated by the Adviser (the “Allocated Portion”) as set forth on Schedule F attached hereto on the terms and conditions set forth herein. The services of the Subadviser hereunder are not to be deemed exclusive; the Subadviser may render services to others and engage in other activities. However, the Subadviser acknowledges its fiduciary duties to the Series. It is acknowledged and agreed that the Adviser may appoint from time to time other subadvisers in addition to the Subadviser to manage the assets of the Series that do not constitute the Allocated Portion and nothing in this Agreement shall be construed or interpreted to grant the Subadviser an exclusive arrangement to act as the sole subadviser to the Series. It is further acknowledged and agreed that the Adviser makes no commitment to designate any portion of the Series assets to the Subadviser as the Allocated Portion. However, the Adviser will make reasonable efforts to provide the Subadviser prior notice of material changes to the percentage of the Series designated as the Allocated Portion.

Appears in 1 contract

Samples: Subadvisory Agreement (Virtus Alternative Solutions Trust)

Employment as a Subadviser. The Adviser, being duly authorized, hereby employs Credit Suisse Asset Management, Harvest Fund Advisors LLC (the “Subadviser”) as a discretionary series adviser to invest and reinvest that discrete portion of the assets of the Series designated by the Adviser (the “Allocated Portion”) as set forth on Schedule F attached hereto on the terms and conditions set forth herein. The services of the Subadviser hereunder are not to be deemed exclusive; the Subadviser may render services to others and engage in other activities. However, activities that do not conflict in any material manner with the Subadviser acknowledges its fiduciary duties to the SeriesSubadviser’s performance hereunder. It is acknowledged and agreed that the Adviser may appoint from time to time other subadvisers in addition to the Subadviser to manage the assets of the Series that do not constitute the Allocated Portion and nothing in this Agreement shall be construed or interpreted to grant the Subadviser an exclusive arrangement to act as the sole subadviser to the Series. It is further acknowledged and agreed that the Adviser makes no commitment to designate any portion of the Series assets to the Subadviser as the Allocated Portion.

Appears in 1 contract

Samples: Subadvisory Agreement (Virtus Alternative Solutions Trust)

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Employment as a Subadviser. The Adviser, being duly authorized, hereby employs Credit Suisse Lazard Asset Management, Management LLC (the “Subadviser”) as a discretionary series adviser to invest and reinvest that discrete portion of the assets of the Series designated by the Adviser (the “Allocated Portion”) as set forth on Schedule F attached hereto on the terms and conditions set forth herein. The services of the Subadviser hereunder are not to be deemed exclusive; the Subadviser may render services to others and engage in other activities. However, activities that do not conflict in any material manner with the Subadviser acknowledges its fiduciary duties to the SeriesSubadviser’s performance hereunder. It is acknowledged and agreed that the Adviser may appoint from time to time other subadvisers in addition to the Subadviser to manage the assets of the Series that do not constitute the Allocated Portion and nothing in this Agreement shall be construed or interpreted to grant the Subadviser an exclusive arrangement to act as the sole subadviser to the Series. It is further acknowledged and agreed that the Adviser makes no commitment to designate any portion of the Series assets to the Subadviser as the Allocated Portion.

Appears in 1 contract

Samples: Subadvisory Agreement (Virtus Alternative Solutions Trust)

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