Properly Licensed Sample Clauses

Properly Licensed. The Sub-Adviser is registered as an investment adviser under the Advisers Act, and will remain so registered for the duration of this Agreement. The Sub-Adviser agrees to promptly notify the Adviser of the occurrence of any event that would disqualify the Sub-Adviser from serving as an investment adviser to an investment company. The Sub-Adviser is in compliance in all material respects with all applicable federal and state law in connection with its investment management operations.

Properly Licensed. The Sub-Adviser is registered as an investment adviser under the Advisers Act, will remain so registered for the duration of this Agreement and is not prohibited by the Advisers Act or the 1940 Act from performing the services contemplated by this Agreement. The Sub-Adviser agrees to promptly notify the Adviser of the occurrence of any event that would disqualify the Sub-Adviser from serving as an investment adviser to a registered investment company. The Sub-Adviser is in compliance in all material respects with all applicable federal and state law in connection with its investment management operations. To the best knowledge of the Sub-Adviser, there is no proceeding or investigation that is reasonably likely to result in the Sub-Adviser being prohibited from performing the services contemplated by this Agreement.

Properly Licensed. BROKER warrants that it is and shall remain properly licensed to transact business as an agent, broker, or producer for all the types of Products it has placed or will place or purchase through COMPANY in accordance with the insurance and financial regulations and laws of the state in which BROKER transacts such business.

Properly Licensed. Licensee hereby covenants that Licensee is properly licensed in accordance with all local and state laws and regulations to engage in Licensee’s trade and business.