Notification, Curing Breach. The Sub-Adviser will promptly notify the Adviser of any material breach of this Agreement, the 1940 Act (with respect to the Fund), the Governing Documents, the Procedures, or the Strategy. The Adviser will promptly notify the Sub-Adviser of any material breach of this Agreement, the 1940 Act (with respect to the Fund), the Governing Documents, and the Procedures (to the extent that such breach would have a material adverse effect on the Allocated Portion). Each party shall use its reasonable best efforts to cooperate with the other party in curing any regulatory or compliance breaches or breaches of this Agreement as promptly as possible.
Appears in 4 contracts
Samples: Investment Sub Advisory Agreement (Blackstone Alternative Investment Funds), Sub Advisory Agreement (Blackstone Alternative Investment Funds), Investment Sub Advisory Agreement (Blackstone Alternative Investment Funds)
