Managed Portion Clause Samples

Managed Portion. The Adviser hereby appoints the Sub-Adviser to act as investment sub-adviser to provide investment advisory services to the Subsidiary, on the terms and conditions set forth herein, for the portion of the Subsidiary’s assets that the Adviser determines in its sole discretion to allocate to the Sub-Adviser for management from time to time (the “Managed Portion”). The Adviser may make additions to, and withdrawals from, those Subsidiary assets allocated to the Sub-Adviser for management. The Sub-Adviser accepts these terms and agrees to render the services herein set forth.

Managed Portion. The Adviser hereby appoints the Sub-Adviser to act as investment sub-adviser to provide investment advisory services to the Fund, on the terms and conditions set forth herein, for the portion of the Fund’s assets that the Adviser determines in its sole discretion to assign to the Sub-Adviser from time to time (the “Managed Portion”). The Adviser may make additions to, and withdrawals from, those Fund assets assigned to the Sub-Adviser, provided the Sub-Adviser receives at least three business days’ prior written notice of withdrawal. The Sub-Adviser accepts these terms and agrees to render the services herein set forth and for the compensation provided on Schedule A to this Agreement.