NO SHORTING; NO BORROWING. The Adviser agrees that neither it nor any of its officers or employees shall take any short position in the shares of the Fund. The Adviser agrees that neither it nor any of its officers or employees shall borrow from the Fund or pledge or use the Fund’s assets in connection with any borrowing not directly for the Fund’s benefit. For this purpose, failure to pay any amount due and payable to the Fund for a period of more than thirty (30) days shall constitute a borrowing.
Appears in 19 contracts
Samples: Investment Advisory Agreement (Series Portfolios Trust), Investment Advisory Agreement (Series Portfolios Trust), Investment Advisory Agreement (Series Portfolios Trust)
NO SHORTING; NO BORROWING. The Adviser agrees that neither it nor any of its officers or employees shall take any short position in the shares of the a Fund. The Adviser agrees that neither it nor any of its officers or employees shall borrow from the a Fund or pledge or use the a Fund’s assets in connection with any borrowing not directly for the Fund’s benefit. For this purpose, failure to pay any amount due and payable to the a Fund for a period of more than thirty (30) days shall constitute a borrowing.
Appears in 1 contract
Samples: Investment Advisory Agreement (Series Portfolios Trust)
NO SHORTING; NO BORROWING. The Adviser agrees that neither it nor any of its officers or employees shall take any short position in the shares of the a Fund. The Adviser agrees that neither it nor any of its officers or employees shall borrow from the a Fund or pledge or use the a Fund’s assets in connection with any borrowing not directly for the Fund’s benefit. For this purpose, failure to pay any amount due and payable to the Fund for a period of more than thirty (30) days shall constitute a borrowing.
Appears in 1 contract
Samples: Investment Advisory Agreement (Series Portfolios Trust)
