Common use of Retention of Sub-Adviser Clause in Contracts

Retention of Sub-Adviser. Subject to obtaining the initial and periodic approvals required under Section 15 of the 1940 Act, the Investment Adviser may retain one or more sub-advisers at the Investment Adviser’s own cost and expense for the purpose of furnishing one or more of the services described in Section 1 hereof with respect to the Trust or one or more Funds. Retention of a sub-adviser shall in no way reduce the responsibilities or obligations of the Investment Adviser under this Agreement, and the Investment Adviser shall be responsible to the Trust and its Funds for all acts or omissions of any sub-adviser in connection with the performance of the Investment Adviser’s duties hereunder.

Retention of Sub-Adviser. Subject to the Fund's obtaining the initial and periodic approvals required under Section 15 of the 1940 Act, the Investment Adviser may retain one or more sub-advisers advisers, at the Investment Adviser’s 's own cost and expense expense, for the purpose of furnishing managing the investments of the assets of the Fund. Retention of one or more of the services described in Section 1 hereof with respect to the Trust or one or more Funds. Retention of a sub-adviser advisers shall in no way reduce the responsibilities or obligations of the Investment Adviser under this Agreement and the Adviser shall, subject to Section 10 of this Agreement, and the Investment Adviser shall be responsible to the Trust and its Funds Fund for all acts or omissions of any sub-adviser in connection with the performance of the Investment Adviser’s 's duties hereunder.