IMRO Rules Sample Clauses
IMRO Rules. Addendum A attached hereto sets forth certain requirements under the IMRO Rules which are applicable to the Sub-Adviser, that are expressly incorporated herein and made a part hereof, but only to the extent that such requirements are not inconsistent with any applicable requirements under the 1940 Act, the Advisers Act or other United States federal or state law.
IMRO Rules. As a member of IMRO and in light of IMRO Rules, the Sub-Adviser places on record that it regards this Agreement as not necessitating any ancillary agreement with the Fund or VKAC on the grounds that, within meanings of the IMRO Rules (a) the Fund is an open-ended investment company and a business investor, (b) VKAC is a professional investor and (c) the subject matter of this Agreement is a scheme management activity.
IMRO Rules. As a member of IMRO and in light of IMRO Rules, the Sub-Adviser