PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The current Investment Guidelines applicable to the Allocated Portion are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, which shall become effective at such time as agreed upon by both parties and shall be incorporated at that time into Exhibit A. The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated Portion. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 3 contracts
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust), Investment Sub Advisory Agreement (Northern Lights Fund Trust), Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund Fund, as stated in the Prospectus and SAI, and the Declaration of Trust, as may be amended from time to time, and pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The current Investment Guidelines applicable to the Allocated Portion are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, which shall become effective at such time as agreed upon by both parties and shall be incorporated at that time into Exhibit A. The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines investment guidelines and the investment policies, objectives and restrictions of the Fund as stated in its Prospectus or SAI and the Declaration of Trust, or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 2 contracts
Samples: Form of Investment Sub Advisory Agreement (Northern Lights Fund Trust), Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. 2.1 The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The current Investment Guidelines ) as will be applicable to the Allocated Portion. The Investment Guidelines including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion are incorporated (together, the “Strategies” and each, a “Strategy”) have been provided to the Sub-Adviser. The parties mutually agree and acknowledge that the Sub-Adviser’s ability to provide a continuing investment program consistent with the investment policies, objectives and restrictions of the Fund and with the Investment Guidelines is contingent upon their mutual and ongoing cooperation in complying with their respective obligations under this Agreement and attached hereto as Exhibit A. set forth in the Investment Guidelines (as may be amended from time to time). From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties Parties in writing and shall be promptly incorporated at that time into Exhibit A. as an amendment of the Investment Guidelines (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. Consistent It is acknowledged and agreed by the Parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment provisions of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution Section 8 of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated Portion. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:.
Appears in 2 contracts
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust), Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion (together, the "Strategies" and each, a "Strategy"), are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties in writing and shall be promptly incorporated at that time into as an amendment of the Investment Guidelines contained in Exhibit A. A to this Agreement (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 2 contracts
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust), Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Fund, with respect to the Allocated Portion Portion, a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines Fund, as established by the Trust Fund and the Adviser Manager and provided to the Sub-Adviser in writing (the “Investment Guidelines”)writing. The current Investment Guidelines applicable to the Allocated Portion policies, objectives and restrictions are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser Manager or the Trust Fund may provide the Sub-Adviser with written copies of additional or amended investment guidelinespolicies, guidelines and restrictions, which shall become effective at such time as agreed upon by both parties and shall be incorporated at that time into Exhibit A. parties. The Sub-Adviser will manage the investment and reinvestment of the assets in the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the AdviserManager, consistent with the applicable Investment Guidelines investment policies, guidelines and restrictions, or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser Manager or the Trust Fund from time to time, and further subject to the plenary authority of the Fund’s Board of Trustees. Consistent with the Investment GuidelinesExhibit A, or unless otherwise directed in writing by the Adviser Manager or the TrustFund, the Sub-Adviser shall have full discretionary authority to manage the investment of the assets in the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution . For sake of such transactions with or through such broker dealers as clarity, it is understood by all parties that the Sub-Adviser may select; give shall not be responsible for any liability or losses resulting from actions taken pursuant to directions or instructions delivered to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited Adviser in writing by the Manager or the Fund (which shall be deemed to trading authority for be the benefit actions of the Allocated PortionManager and/or the Fund for all purposes hereunder). In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 2 contracts
Samples: Investment Sub Advisory Agreement (Professionally Managed Portfolios), Investment Sub Advisory Agreement (Professionally Managed Portfolios)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Subject to the supervision of the Board and the Adviser, the Sub-Adviser will provide for shall manage the investments of the Allocated Portion a continuing and suitable in accordance with each Fund's investment program consistent with the investment objective, policies, objectives and restrictions as provided in each Fund's Prospectus and Statement of the Fund pursuant Additional Information, as currently in effect and as amended or supplemented from time to investment guidelines established by the Trust and the Adviser time and provided to the Sub-Adviser Adviser, and in writing compliance with the requirements applicable to registered investment companies under applicable laws, including, but not limited to, the 1940 Act, the applicable provisions of the Commodity Exchange Act (the “Investment GuidelinesCEA”) and the rules of the National Futures Association (the “NFA Rules”), and those requirements applicable to regulated investment companies under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The current Investment Guidelines applicable to the Allocated Portion are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust Funds may provide the Sub-Adviser with written copies of additional or amended other investment guidelinespolicies, guidelines and restrictions applicable to the Sub-Adviser's management of the Allocated Portion, which shall become effective at such time as agreed upon by both parties and shall be incorporated at that time into Exhibit A. The Sub-Adviser will manage the investment and reinvestment parties. Subject to each of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trustforegoing sentences above, the Sub-Adviser shall have full discretionary authority to manage the investment of the assets of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property and assets comprising or relating to the Allocated Portion; place orders for . The Adviser and the execution of such transactions with or through such broker dealers as Funds authorize and empower the Sub-Adviser may select; give instructions to execute for the Funds as the Funds' agent and attorney-in-fact all other agreements, contracts and other documentation that the Sub-Adviser reasonably considers necessary in relation to the custodian (purchase, retention and disposition of the “Custodian”) concerning the delivery of permitted securities and transfer of cash investments for the Allocated Portion; and perform any other act . With respect to carry out its obligations under Sub-Adviser’s responsibility for monitoring each Allocated Portion’s compliance with the terms of this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser shall perform such compliance monitoring based upon its own internal books and records of each Allocated Portion and such books and records and such instructions, if any, that are provided by the Funds or the Adviser’s power . For the avoidance of attorney is limited to trading authority doubt, the Sub-Adviser shall not be responsible hereunder for the benefit any portion of a Fund other than the Allocated Portion. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Bridge Builder Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The Parties acknowledge the current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion are incorporated in this Agreement (together, the “Strategies” and attached hereto as Exhibit A. each, a “Strategy”) have been provided to the Sub- Adviser. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties Parties in writing and shall be promptly incorporated at that time into Exhibit A. as an amendment of the Investment Guidelines (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, plus all investments, reinvestments, and proceeds from the sale thereof, including, without limitation, all interest, dividends and appreciation on investments, less depreciation thereof, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the Parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement . Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assetsPortion:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion (together, the "Strategies" and each, a "Strategy"), are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties in writing and shall be promptly incorporated at that time into as an amendment of the Investment Guidelines contained in Exhibit A. A to this Agreement (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. 2.1 The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The current Investment Guidelines ) as will be applicable to the Allocated Portion. The Investment Guidelines including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion are incorporated (together, the "Strategies" and each, a "Strategy") have been provided to the Sub-Adviser. The parties mutually agree and acknowledge that the Sub-Adviser’s ability to provide a continuing investment program consistent with the investment policies, objectives and restrictions of the Fund and with the Investment Guidelines is contingent upon their mutual and ongoing cooperation in complying with their respective obligations under this Agreement and attached hereto as Exhibit A. set forth in the the Investment Guidelines (as may be amended from time to time). From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties Parties in writing and shall be promptly incorporated at that time into Exhibit A. as an amendment of the Investment Guidelines (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. Consistent It is acknowledged and agreed by the Parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment provisions of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution Section 8 of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated Portion. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:.
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The Parties acknowledge the current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion are incorporated in this Agreement (together, the "Strategies" and attached hereto as Exhibit A. each, a "Strategy") have been provided to the Sub-Adviser. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties Parties in writing and shall be promptly incorporated at that time into Exhibit A. as an amendment of the Investment Guidelines (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the Parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assetsPortion:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Subject to the supervision of the Board and the Adviser, the Sub-Adviser will provide for shall manage the investments of the Allocated Portion a continuing and suitable in accordance with each Fund’s investment program consistent with the investment objective, policies, objectives and restrictions as provided in each Fund’s Prospectus and Statement of the Fund pursuant Additional Information, as currently in effect and as amended or supplemented from time to investment guidelines established by the Trust and the Adviser time and provided to the Sub-Adviser Adviser, and in writing compliance with the requirements applicable to registered investment companies under applicable laws, including, but not limited to, the 1940 Act, the applicable provisions of the Commodity Exchange Act (the “Investment GuidelinesCEA”) and the rules of the National Futures Association (the “NFA Rules”), and those requirements applicable to regulated investment companies under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The current Investment Guidelines applicable to the Allocated Portion are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust Funds may provide the Sub-Adviser with written copies of additional or amended other investment guidelinespolicies, guidelines and restrictions applicable to the Sub-Adviser’s management of the Allocated Portion, which shall become effective at such time as agreed upon by both parties and shall be incorporated at that time into Exhibit A. The Sub-Adviser will manage the investment and reinvestment parties. Subject to each of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trustforegoing sentences above, the Sub-Adviser shall have full discretionary authority to manage the investment of the assets of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property and assets comprising or relating to the Allocated Portion; place orders for . The Adviser and the execution of such transactions with or through such broker dealers as Funds authorize and empower the Sub-Adviser may select; give instructions to execute for the Funds as the Funds’ agent and attorney-in-fact all other agreements, contracts and other documentation that the Sub-Adviser reasonably considers necessary in relation to the custodian (purchase, retention and disposition of the “Custodian”) concerning the delivery of permitted securities and transfer of cash investments for the Allocated Portion; and perform any other act . With respect to carry out its obligations under Sub-Adviser’s responsibility for monitoring each Allocated Portion’s compliance with the terms of this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser shall perform such compliance monitoring based upon its own internal books and records of each Allocated Portion and such books and records and such instructions, if any, that are provided by the Funds or the Adviser’s power . For the avoidance of attorney is limited to trading authority doubt, the Sub-Adviser shall not be responsible hereunder for the benefit any portion of a Fund other than the Allocated Portion. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Bridge Builder Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion Fund a continuing and suitable investment program for the Allocated Portion of the Fund consistent with the investment policies, objectives and restrictions of the Fund pursuant (without regard to investment guidelines any investments of the Fund outside of the Allocated Portion), as established by the Trust Fund and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”)writing. The current Investment Guidelines applicable to the Allocated Portion policies, objectives and restrictions are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust Fund may provide the Sub-Adviser with written copies of additional or amended investment guidelinespolicies, guidelines and restrictions, which shall become effective at such time as agreed upon by both parties and shall be incorporated at that time into Exhibit A. parties. The Sub-Adviser will manage the investment and reinvestment of the Allocated PortionPortion of the Fund, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines investment policies, guidelines and restrictions, or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust Fund from time to time, and further subject to the plenary authority of the Fund’s Board of Trustees. Consistent with the Investment GuidelinesExhibit A, or unless otherwise directed in writing by the Adviser or the TrustFund, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated PortionPortion of the Fund, subject to the ultimate supervision and direction of the Trust’s Board of Trustees, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, foreign exchange forwards, options, swaps, cash, cash equivalents and other short-term investment vehicles vehicles, and other property and derivatives comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Series Portfolios Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion (together, the "Strategies" and each, a "Strategy"), are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties in writing and shall be promptly incorporated at that time into as an amendment of the Investment Guidelines contained in Exhibit A. A to this Agreement (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser Adviser, or the Trust from time to time, subject to the Adviser’s supervision and authority to place, unwind or prevent trades in respect of the Allocated Portion, as necessary, to ensure compliance by the Fund as a whole with applicable requirements of the Trust’s compliance policies and procedures, the 1940 Act, the Internal Revenue Code of 1986 and other applicable law, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, retain assets uninvested as cash and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for Fund. In furtherance of all of the execution of such transactions with or through such broker dealers as foregoing, the Adviser hereby designates and appoints the Sub-Adviser as its agent and attorney-in-fact, with full power and authority and without the need for further approval of the Trust or the Adviser (except as may select; give instructions be required by law) to the custodian (the “Custodian”) concerning the delivery of securities complete all such documents and transfer of cash for the Allocated Portion; to take any and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, all actions that the Sub-Adviser’s power of attorney is limited , in its reasonable discretion, shall deem advisable to trading authority for carry out the benefit of Sub-Adviser's duties under this Agreement with respect to the Allocated Portion. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion (together, the "Strategies" and each, a "Strategy"), are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties in writing and shall be promptly incorporated at that time into as an amendment of the Investment Guidelines contained in Exhibit A. A to this Agreement (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Sub- Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion (together, the "Strategies" and each, a "Strategy"), are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties in writing and shall be promptly incorporated at that time into as an amendment of the Investment Guidelines contained in Exhibit A. A to this Agreement (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to instructions, as agreed upon by the Sub-Adviser and delivered to it in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including including, without limitation, the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Subject to the supervision of the Board and the Adviser, the Sub-Adviser will provide for shall manage the investments of the Allocated Portion a continuing and suitable investment program consistent in accordance with the Fund's investment objective, policies, objectives and restrictions as provided in the Fund's Prospectus and Statement of the Fund pursuant Additional Information, as currently in effect and as amended or supplemented from time to investment guidelines established by the Trust and the Adviser time and provided to the Sub-Adviser Adviser, and in writing compliance with the requirements applicable to registered investment companies under applicable laws, including, but not limited to, the 1940 Act, the Commodity Exchange Act (the “Investment GuidelinesCEA”) and the rules of the National Futures Association (the “NFA Rules”). The current Investment Guidelines , and those requirements applicable to regulated investment companies under Subchapter M of the Allocated Portion are incorporated in this Agreement and attached hereto Internal Revenue Code of 1986, as Exhibit A. amended (the "Code"). From time to time, the Adviser or the Trust Fund may provide the Sub-Adviser with written copies of additional or amended other investment guidelinespolicies, guidelines and restrictions applicable to the Sub-Adviser's management of the Allocated Portion, which shall become effective at such time as agreed upon by both parties and shall be incorporated at that time into Exhibit A. The Sub-Adviser will manage the investment and reinvestment parties. Subject to each of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trustforegoing sentences above, the Sub-Adviser shall have full discretionary authority to manage the investment of the assets of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property and assets comprising or relating to the Allocated Portion; place orders for . The Adviser and the execution of such transactions with or through such broker dealers as Fund authorize and empower the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash execute for the Allocated Portion; Fund as its agent and perform any attorney-in-fact all agreements, contracts and other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, documentation that the Sub-Adviser’s power Adviser reasonably considers necessary in relation to the purchase, retention and disposition of attorney is limited to trading authority the permitted securities and investments for the benefit of the Allocated Portion. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Bridge Builder Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines and restrictions established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment GuidelinesGuidelines & Restrictions”). The current Investment Guidelines & Restrictions applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion (together, the "Strategies" and each, a "Strategy"), are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelinesInvestment Guidelines & Restrictions, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties in writing and shall be promptly incorporated at that time into as an amendment of the Investment Guidelines & Restrictions contained in Exhibit A. A to this Agreement (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines & Restrictions or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the parties to this Agreement that any amendment to the Investment Guidelines & Restrictions from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment GuidelinesGuidelines & Restrictions, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The Parties acknowledge the current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion are incorporated in this Agreement (together, the "Strategies" and attached hereto as Exhibit A. each, a "Strategy") have been provided to the Sub-Adviser. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties Parties in writing and shall be promptly incorporated at that time into Exhibit A. as an amendment of the Investment Guidelines (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, plus all investments, reinvestments, and proceeds from the sale thereof, including, without limitation, all interest, dividends and appreciation on investments, less depreciation thereof, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the Parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assetsPortion:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The Parties acknowledge the current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion are incorporated in this Agreement (together, the "Strategies" and attached hereto as Exhibit A. each, a "Strategy") have been provided to the Sub-Adviser. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties Parties in writing and shall be promptly incorporated at that time into Exhibit A. as an amendment of the Investment Guidelines (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the Parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Subject to the supervision of the Board and the Adviser, the Sub-Adviser will provide for shall manage the investments of the Allocated Portion a continuing and suitable investment program consistent in accordance with the Fund’s investment objective, policies, objectives and restrictions as provided in the Fund’s Prospectus and Statement of the Fund pursuant Additional Information, as currently in effect and as amended or supplemented from time to investment guidelines established by the Trust and the Adviser time and provided to the Sub-Adviser, and in compliance with the requirements applicable to registered investment companies under applicable laws, including, but not limited to, the 1940 Act, the Commodity Exchange Act (the “CEA”) and the rules of the National Futures Association (the “NFA Rules”), and those requirements applicable to regulated investment companies under Subchapter M of the Internal Revenue Code of 1986, as amended. Unless instructed by the Adviser in writing (to the “Investment Guidelines”). The current Investment Guidelines applicable contrary, with respect to its Allocated Portion, the Sub-Adviser, during the term of this Agreement, will ensure that the Allocated Portion are incorporated shall comply with the limits on investments in this Agreement designated commodity contracts and attached hereto as Exhibit A. swaps set forth in subsection (c)(2)(iii) of Rule 4.5. From time to time, the Adviser or the Trust Fund may provide the Sub-Adviser with written copies of additional or amended other investment guidelinespolicies, guidelines and restrictions applicable to the Sub-Adviser’s management of the Allocated Portion, which shall become effective at such time as agreed upon by both parties parties. With respect to Sub-Adviser’s responsibility for monitoring the Allocated Portion’s compliance with the terms of this Agreement, the Sub-Adviser shall perform such compliance monitoring based upon its own internal books and records of the Allocated Portion and such books and records and such instructions, if any, that are provided by the Fund or the Adviser. For the avoidance of doubt, the Sub-Adviser shall not be incorporated at that time into Exhibit A. responsible hereunder for any portion of the Fund other than the Allocated Portion. The Sub-Adviser will manage shall not be responsible for providing fund administration services, such as fund accounting and tax services, with respect to the investment and reinvestment Fund. Subject to each of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trustforegoing sentences above, the Sub-Adviser shall have full discretionary authority to manage the investment of the assets of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property and assets comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated Portion. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Bridge Builder Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion (together, the "Strategies" and each, a "Strategy"), are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties in writing and shall be promptly incorporated at that time into as an amendment of the Investment Guidelines contained in Exhibit A. A to this Agreement (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:: advise the Adviser and the Trust in connection with investment policy decisions to be made by it regarding the Allocated Portion; provide to the Adviser performance analysis and market commentary (the “Investment Report”) pertaining to each calendar quarter during the term of this Agreement, within fifteen (15) business days after the end of each quarter. In addition, interim Investment Reports shall be issued at such times as may be mutually agreed upon by the Adviser and Sub-Adviser. The subject of each Investment Report shall be mutually agreed upon by the Adviser and Sub-Adviser, which agreement shall not prohibit the Adviser from publicly distributing the same or similar information as is contained within each Investment Report; submit such reports and information as the Adviser or the Trust may reasonably request to assist the Fund’s custodian (the “Custodian”) in its determination of the market value of securities held in the Allocated Portion; place orders for purchases and sales of portfolio investments for the Allocated Portion; give instructions to the Custodian concerning the delivery of securities and transfer of cash for the Allocated Portion; maintain and preserve the records relating to its activities hereunder required by applicable law to be maintained and preserved by the Adviser, to the extent not maintained by the Adviser or another agent of the Trust, and the Sub-Adviser hereby agrees that all records which it maintains for the Fund are the property of the Fund and further agrees to surrender promptly to the Trust or the Adviser copies of any such records upon the Trust’s or Adviser’s request; as soon as practicable after the close of business each day, but no later than the close of business the following business day, provide the Custodian (generally via electronic file format) with the trade information for each transaction effected for the Allocated Portion, provide copies of such trade tickets to the Adviser and the Trust upon request, and promptly forward to the Custodian copies of all brokerage or dealer confirmations; absent specific instructions to the contrary provided to it by the Adviser or the Trust, and subject to its receipt of all necessary voting materials, vote all proxies with respect to investments of the Allocated Portion in accordance with the Sub-Adviser’s proxy voting policy as most recently provided to the Adviser and approved by the Trust; the Adviser hereby delegates to the Sub-Adviser the Adviser’s discretionary authority to exercise voting rights with respect to the securities and investments of the Allocated Portion. The Sub-Adviser’s proxy voting policies shall comply with any rules or regulations promulgated by the SEC. The Sub-Adviser shall maintain and preserve a record, in an easily-accessible place for a period of not less than three (3) years (or longer, if required by law), of the Sub-Adviser’s voting procedures, of the Sub-Adviser’s actual votes, and such other information required for the Trust to comply with any rules or regulations promulgated by the SEC in respect of the Fund. The Sub-Adviser shall supply updates of this record to the Adviser or any authorized representative of the Adviser, or to the Trust on a quarterly basis (or more frequently, if required by law), in order to enable the Trust to complete proxy voting information in respect of the Fund as required by Form N-1A under the 1940 Act and the Securities Act of 1933, as amended (the “Securities Act”), Form N-PX under the 1940 Act and Form N-CSR under the Xxxxxxxx-Xxxxx Act of 2002, as amended, respectively. The Sub-Adviser shall provide the Adviser and the Trust with information regarding the policies and procedures that the Sub-Adviser uses to determine how to vote proxies relating to the Allocated Portion. The Trust or the Adviser may request that the Sub-Adviser vote proxies for the Allocated Portion in accordance with the Fund’s proxy voting policies; to the extent reasonably requested by the Trust, use its commercially reasonable best efforts to assist the Chief Compliance Officer of the Trust (“CCO”) comply with applicable requirements of Rule 38a-1 under the 1940 Act and the Trust Service Agreements, including, without limitation, providing the CCO with (a) current copies of the compliance policies and procedures of the Sub-Adviser in effect from time to time (including prompt notice of any material changes thereto), (b) a summary of such policies and procedures in connection with the annual review thereof by the Trust required under Rule 38a-1, and (c) upon request, a certificate of the chief compliance officer of the Sub-Adviser to the effect that the policies and procedures of the Sub-Adviser are reasonably designed to prevent violation of the Federal Securities Laws (as such term is defined in Rule 38a-1); act in conformity with the Declaration of Trust, the Prospectus and SAI and conform to and comply with applicable requirements of the 1940 Act, the Internal Revenue Code of 1986 and all other applicable federal laws and regulations, as each is amended from time to time; and except as permitted by the Trust’s policies and procedures, not disclose but shall treat confidentially all information in respect of the portfolio investments of the Allocated Portion, including, without limitation, the identification and market value or other pricing information of any and all portfolio securities or other financial instruments held by the Allocated Portion, and any and all trades of portfolio securities or other transactions effected for the Allocated Portion (including past, pending and proposed trades). The Adviser or its authorized agents will provide timely information to the Sub-Adviser regarding such matters as inflows to and outflows from the Fund and the Allocated Portion and the cash requirements of, and cash available for investment in, the Fund and the Allocated Portion, and the Adviser or its authorized agents will timely provide the Sub-Adviser, or arrange for the Trust to provide the Sub-adviser, with copies of monthly accounting statements for the Fund and, if applicable, the Allocated Portion, and such other information as may be reasonably necessary or appropriate in order for the Sub-Adviser to perform its responsibilities hereunder. The Adviser or the Trust will be responsible for handling any class actions or other lawsuits involving the Fund or securities held, or formerly held, in the Fund. Sub-Adviser is not required to take any action or to render investment-related advice with respect to lawsuits involving the Fund, including those involving securities presently or formerly held in the Fund, or the issuers thereof, including actions involving bankruptcy. In the case of notices of class action suits received by Sub-Adviser involving issuers presently or formerly held in the Fund, Sub-Adviser shall promptly forward such notices to the Adviser or the Trust and, with the consent of the Adviser and the Trust, may provide information about the Fund to third parties for purposes of participating in any settlements relating to such class actions.
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser Adviser, in conjunction with the Adviser, will provide for the Allocated Portion Fund a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines Fund, as established by the Trust Fund and the Adviser and set forth in the Prospectus, other written guidelines or restrictions, as may be amended from time to time, agreed upon in writing by the Adviser and Sub-Adviser which guidelines and restrictions shall not be inconsistent with the Prospectus, as may be amended from time to time (“Written Guidelines”) and the Trust Procedures. (a) The Sub-Adviser, in conjunction with the Adviser, shall assume all investment duties and have full discretionary power and authority with respect to investment of the Fund Assets. Without limiting the generality of the foregoing, the Sub-Adviser shall, with respect to the Fund Assets of each Fund: (i) obtain and evaluate such information and advice relating to the economy, securities markets and securities as it deems necessary or useful to discharge its duties hereunder; (ii) continuously invest the assets in a manner consistent with the Prospectus, Written Guidelines, and Procedures, as may be amended from time to time and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The current Investment Guidelines applicable to the Allocated Portion are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, which shall become effective at such time as agreed upon by both parties and shall be incorporated at that time into Exhibit A. The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with Section 1(a) of this Agreement; (iii) determine the applicable Investment Guidelines securities to be purchased, sold or any directions or otherwise disposed of and the timing of such purchases, sales and dispositions; (iv) promptly issue settlement instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. Consistent with the Investment Guidelines, unless otherwise directed in writing custodians designated by the Adviser or the Trust; (v) evaluate the credit worthiness of securities dealers, banks and other entities with which the Fund may engage in repurchase agreements and monitor the status of such agreements; and (vi) take such further action, including, the placing of purchase and sale orders and the selection of broker-dealers to execute such orders on behalf of the Fund, as the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portiondeem necessary or appropriate, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations duties under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated Portion. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:.
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Managed Portfolio Series)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Subject to the supervision of the Board and the Adviser, the Sub-Adviser will provide for shall manage the investments of the Allocated Portion a continuing and suitable investment program consistent in accordance with the Fund’s investment objective, policies, objectives and restrictions as provided in the Fund’s Prospectus and Statement of the Fund pursuant Additional Information, as currently in effect and as amended or supplemented from time to investment guidelines established by the Trust and the Adviser time and provided to the Sub-Adviser Adviser, and in writing compliance with the requirements applicable to registered investment companies under applicable laws, including, but not limited to, the 1940 Act, the Commodity Exchange Act (the “Investment GuidelinesCEA”) and the rules of the National Futures Association (the “NFA Rules”). The current Investment Guidelines , and those requirements applicable to regulated investment companies under Subchapter M of the Allocated Portion are incorporated in this Agreement and attached hereto Internal Revenue Code of 1986, as Exhibit A. amended. From time to time, the Adviser or the Trust Fund may provide the Sub-Adviser with written copies of additional or amended other investment guidelinespolicies, guidelines and restrictions applicable to the Sub-Adviser’s management of the Allocated Portion, which shall become effective at such time as agreed upon by both parties and shall be incorporated at that time into Exhibit A. The Sub-Adviser will manage the investment and reinvestment parties. Subject to each of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trustforegoing sentences above, the Sub-Adviser shall have full discretionary authority to manage the investment of the assets of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property and assets comprising or relating to the Allocated Portion; place orders for . The Adviser and the execution of such transactions with or through such broker dealers as Fund authorize and empower the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash execute for the Allocated Portion; Fund as the Fund’s agent and perform any attorney-in-fact all other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorizationagreements, contracts, and other documentation that the Sub-Adviser’s power Adviser reasonably considers necessary in relation to the purchase, retention and disposition of attorney is limited to trading authority the permitted securities and investments for the benefit of the Allocated Portion. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Bridge Builder Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser Adviser, in conjunction with the Adviser, will provide for the Allocated Portion Fund a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines Fund, as established by the Trust Fund and the Adviser and set forth in the Prospectus, other written guidelines or restrictions, as may be amended from time to time, agreed upon in writing by the Adviser and Sub-Adviser which guidelines and restrictions shall not be inconsistent with the Prospectus, as may be amended from time to time (“Written Guidelines”) and the Trust Procedures. (a) The Sub-Adviser, in conjunction with the Adviser, shall assume all investment duties and have full discretionary power and authority with respect to investment of the Fund Assets. Without limiting the generality of the foregoing, the Sub-Adviser shall, in conjunction with the Adviser, with respect to the Fund Assets: (i) obtain and evaluate such information and advice relating to the economy, securities markets and securities as it deems necessary or useful to discharge its duties hereunder; (ii) continuously invest the assets in a manner consistent with the Prospectus, Written Guidelines, and Procedures, as may be amended from time to time and provided to the Sub-Adviser consistent with Section 1(a) of this Agreement; (iii) determine the securities to be purchased, sold or otherwise disposed of and the timing of such purchases, sales and dispositions; (iv) vote all proxies for securities and exercise all other voting rights in writing (the “Investment Guidelines”). The current Investment Guidelines applicable to the Allocated Portion are incorporated in this Agreement and attached hereto as Exhibit A. From time to time, the Adviser or the Trust may provide accordance with the Sub-Adviser Adviser’s written proxy voting policies and procedures with written copies of additional or amended investment guidelines, which shall become effective at respect to such time securities as agreed upon have been determined by both parties and shall mutual agreement to be incorporated at that time into Exhibit A. The voted by Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject Adviser; (v) promptly issue settlement instructions to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. Consistent with the Investment Guidelines, unless otherwise directed in writing custodians designated by the Adviser or the Trust; (vi) evaluate the credit worthiness of securities dealers, banks and other entities with which the Fund may engage in repurchase agreements and monitor the status of such agreements; and (vii) take such further action, including, for all orders determined to be made by the Sub-Adviser, the placing of purchase and sale orders and the selection of broker-dealers to execute such orders on behalf of the Fund, as the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portiondeem necessary or appropriate, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations duties under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated Portion. In addition, the Sub-Adviser will, at its own expense, and in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:.
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Managed Portfolio Series)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for manage the Allocated Portion in a continuing and suitable investment program manner consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The parties acknowledge the current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion are incorporated in this Agreement (together, the "Strategies" and attached hereto as Exhibit A. each, a "Strategy"), have been provided to the Sub-Adviser. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties in writing and shall be promptly incorporated at that time into Exhibit A. as an amendment of the Investment Guidelines (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The Parties acknowledge the current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion are incorporated in this Agreement (together, the "Strategies" and attached hereto as Exhibit A. each, a "Strategy") will be provided to the Sub-Adviser. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties Parties in writing and shall be promptly incorporated at that time into Exhibit A. as an amendment of the Investment Guidelines (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the Parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assets:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
PROVISION OF INVESTMENT SUB-ADVISORY SERVICES. The Sub-Adviser will provide for the Allocated Portion a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of the Fund pursuant to investment guidelines established by the Trust and the Adviser and provided to the Sub-Adviser in writing (the “Investment Guidelines”). The parties acknowledge the current Investment Guidelines applicable to the Allocated Portion, including descriptions of each of the one or more strategies to be employed by the Sub-Adviser from time to time in respect of the Allocated Portion are incorporated in this Agreement (together, the "Strategies" and attached hereto as Exhibit A. each, a "Strategy") have been provided to the Sub-Adviser. From time to time, the Adviser or the Trust may provide the Sub-Adviser with written copies of additional or amended investment guidelines, or the Adviser or Sub-Adviser may determine to add, amend, or discontinue one or more new or existing Strategies, in each case which shall become effective at such time as agreed upon by both parties in writing and shall be promptly incorporated at that time into Exhibit A. as an amendment of the Investment Guidelines (with any corresponding amendments, if necessary, to the Fund’s Prospectus and SAI being the responsibility of the Adviser and/or Trust). The Sub-Adviser will manage the investment and reinvestment of the Allocated Portion, and perform the functions set forth below, subject to the overall supervision, direction, control and review of the Adviser, consistent with the applicable Investment Guidelines or any directions or instructions delivered to the Sub-Adviser in writing by the Adviser or the Trust from time to time, and further subject to the plenary authority of the Board of Trustees. It is acknowledged and agreed by the parties to this Agreement that any amendment to the Investment Guidelines from time to time as described above, including any addition, amendment or discontinuance of a Strategy or Strategies, will not constitute a termination of this Agreement, and further that any termination of this Agreement shall be made in accordance solely with the provisions of Section 8 of this Agreement. Consistent with the Investment Guidelines, unless otherwise directed in writing by the Adviser or the Trust, the Sub-Adviser shall have full discretionary authority to manage the investment of the Allocated Portion, including the authority to purchase, sell, cover open positions, and generally to deal in securities, financial and commodity futures contracts, options, short-term investment vehicles and other property comprising or relating to the Allocated Portion; place orders for the execution of such transactions with or through such broker dealers as the Sub-Adviser may select; give instructions to the custodian (the “Custodian”) concerning the delivery of securities and transfer of cash for the Allocated Portion; and perform any other act to carry out its obligations under this Agreement. Notwithstanding the foregoing authorization, the Sub-Adviser’s power of attorney is limited to trading authority for the benefit of the Allocated PortionFund. In addition, the Sub-Adviser will, at its own expense, and will in the performance of its duties and obligations under this Agreement in respect of the Allocated Portion of Fund assetsPortion:
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Northern Lights Fund Trust)
