{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-sub", "type": "clause", "offset": [0, 7]}, {"key": "discretionary-authority", "type": "clause", "offset": [32, 55]}, {"key": "investment-decisions", "type": "definition", "offset": [70, 90]}, {"key": "allocated-to", "type": "definition", "offset": [138, 150]}, {"key": "by-the-adviser", "type": "clause", "offset": [167, 181]}, {"key": "from-time-to-time", "type": "clause", "offset": [207, 224]}, {"key": "other-financial-instruments", "type": "definition", "offset": [247, 274]}, {"key": "by-the-fund", "type": "clause", "offset": [381, 392]}, {"key": "subject-always-to", "type": "clause", "offset": [466, 483]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [484, 505]}, {"key": "agreement-and-declaration-of-trust", "type": "clause", "offset": [514, 548]}, {"key": "prospectus-and-statement-of-additional-information", "type": "clause", "offset": [574, 624]}, {"key": "registration-statement", "type": 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"agreement-to", "type": "clause", "offset": [1227, 1239]}, {"key": "right-of-the-board", "type": "clause", "offset": [1367, 1385]}, {"key": "to-establish", "type": "definition", "offset": [1401, 1413]}, {"key": "in-connection-with", "type": "clause", "offset": [1433, 1451]}, {"key": "the-management", "type": "clause", "offset": [1452, 1466]}, {"key": "right-to-control", "type": "clause", "offset": [1515, 1531]}, {"key": "management-of-the-trust", "type": "clause", "offset": [1544, 1567]}, {"key": "scope-of-the", "type": "clause", "offset": [1587, 1599]}, {"key": "portfolio-securities", "type": "definition", "offset": [1636, 1656]}, {"key": "purchase-and-sale-transactions", "type": "clause", "offset": [1749, 1779]}, {"key": "schedule-a", "type": "definition", "offset": [1838, 1848]}, {"key": "by-fund", "type": "clause", "offset": [1874, 1881]}, {"key": "provision-of", "type": "clause", "offset": [1965, 1977]}, {"key": "notice-to-the", "type": "clause", "offset": [2004, 2017]}, {"key": "a-change", "type": "clause", "offset": [2112, 2120]}, {"key": "effective-as-of-the", "type": "clause", "offset": [2130, 2149]}, {"key": "day-period", "type": "definition", "offset": [2178, 2188]}, {"key": "discretionary-trading-authority", "type": "clause", "offset": [2332, 2363]}, {"key": "mutually-agreed", "type": "clause", "offset": [2370, 2385]}, {"key": "portfolio-investments", "type": "definition", "offset": [2407, 2428]}, {"key": "responsible-for", "type": "clause", "offset": [2474, 2489]}, {"key": "trading-recommendations", "type": "clause", "offset": [2518, 2541]}, {"key": "to-the-adviser", "type": "clause", "offset": [2542, 2556]}, {"key": "with-respect-to", "type": "clause", "offset": [2557, 2572]}, {"key": "in-accordance-with", "type": "clause", "offset": [2585, 2603]}, {"key": "terms-of-the", "type": "clause", "offset": [2619, 2631]}, {"key": "in-addition", "type": "clause", "offset": [2688, 2699]}, {"key": "remaining-portion", "type": "definition", "offset": [2773, 2790]}, {"key": "other-transactions", "type": "definition", "offset": [3092, 3110]}, {"key": "incidental-to", "type": "definition", "offset": [3174, 3187]}, {"key": "conduct-of", "type": "clause", "offset": [3207, 3217]}, {"key": "advisory-firm", "type": "definition", "offset": [3436, 3449]}, {"key": "pursuant-to", "type": "definition", "offset": [3563, 3574]}, {"key": "the-parties", "type": "definition", "offset": [3624, 3635]}, {"key": "the-case", "type": "definition", "offset": [3707, 3715]}, {"key": "the-security", "type": "clause", "offset": [3772, 3784]}, {"key": "authority-to", "type": "definition", "offset": [3969, 3981]}, {"key": "in-the-event-the", "type": "clause", "offset": [4072, 4088]}, {"key": "seek-guidance", "type": "clause", "offset": [4244, 4257]}, {"key": "prior-to-executing", "type": "clause", "offset": [4279, 4297]}, {"key": "full-discretion", "type": "clause", "offset": [4388, 4403]}, {"key": "fund-portfolio", "type": "definition", "offset": [4530, 4544]}, {"key": "creation-units", "type": "clause", "offset": [4568, 4582]}, {"key": "ultimate-authority", "type": "definition", "offset": [4701, 4719]}, {"key": "necessary-and-reasonable", "type": "clause", "offset": [4768, 4792]}, {"key": "the-interests", "type": "clause", "offset": [4804, 4817]}, {"key": "fund-shareholders", "type": "definition", "offset": [4821, 4838]}], "snippet": "The Sub-Adviser shall have full discretionary authority for portfolio investment decisions for a Fund (or each portion of a Fund\u2019s assets allocated to the Sub-Adviser by the Adviser), including determining, from time to time, what securities (and other financial instruments) shall be purchased for the Fund, what securities (and other financial instruments) shall be held or sold by the Fund, and what portion of the Fund\u2019s assets shall be held uninvested in cash, subject always to the provisions of the Trust\u2019s Agreement and Declaration of Trust, By-Laws and each Fund\u2019s prospectus and statement of additional information as set forth in the Trust\u2019s registration statement on Form N-1A (the \u201cRegistration Statement\u201d) under the 1940 Act, and under the Securities Act of 1933, as amended (the \u201c1933 Act\u201d), covering Fund shares, as filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d), and to the investment objectives, policies and restrictions of each Fund, as shall be from time to time in effect, and such other limitations, policies and procedures as the Board or the Adviser may reasonably impose from time to time and provide in writing to the Sub-Adviser (the \u201cInvestment Policies\u201d). No reference in this Agreement to the Sub-Adviser having full discretionary authority over each Fund\u2019s portfolio investment decisions shall in any way limit the right of the Board or the Adviser to establish or revise policies in connection with the management of a Fund\u2019s assets or to otherwise exercise its right to control the overall management of the Trust and each Fund. The scope of the Sub-Adviser\u2019s authority for trading portfolio securities (and other financial instruments) for a Fund, including selecting broker-dealers to execute purchase and sale transactions (\u201ctrading authority\u201d), shall initially be as set forth on Schedule A hereto (which may differ by Fund). The Adviser may revise the scope of the Sub-Adviser\u2019s trading authority upon the provision of at least 30 days\u2019 written notice to the Sub-Adviser. Absent the Sub-Adviser\u2019s provision of written notice declining such change, such a change shall be effective as of the later of the end of such 30-day period or the date set forth in such notice. If Schedule A indicates \u201cpartially discretionary\u201d trading authority, initially, the Adviser shall retain discretionary trading authority for a mutually agreed subset of the Fund\u2019s portfolio investments (the \u201cSubset\u201d), and the Sub-Adviser shall be responsible for providing non-discretionary trading recommendations to the Adviser with respect to the Subset (in accordance with the applicable terms of the \u201cnon-discretionary\u201d trading authority paragraph below). In addition, the Sub-Adviser shall have full discretionary trading authority for the remaining portion of the Fund\u2019s portfolio (in accordance with the applicable terms of the \u201cdiscretionary\u201d trading authority paragraph below). If Schedule A indicates \u201cfully discretionary\u201d trading authority, initially, the Sub-Adviser shall exercise full trading authority for a Fund with respect to purchases, sales or other transactions, as well as with respect to all other such things necessary or incidental to the furtherance or conduct of such purchases, sales or other transactions. If Schedule A indicates \u201cnon-discretionary\u201d trading authority, initially, the Sub-Adviser shall be responsible for promptly informing the Adviser (or another investment sub-advisory firm designated by the Adviser (herein, a \u201cTrading Adviser\u201d)) of portfolio investment decisions for a Fund in writing pursuant to mutually agreed notification protocols. In turn, the parties understand and acknowledge that the Adviser or the Trading Adviser, as the case may be, will fully rely on such notifications to effect the security (and other financial instrument) trading execution for each Fund\u2019s portfolio investments. Additionally, the Adviser and the Trading Adviser, as the case may be, has full discretionary authority to select broker-dealers to effect the trading execution for a Fund\u2019s portfolio investments. In the event the Adviser or the Trading Adviser desire clarification on a particular Sub-Adviser notification, the Adviser or the Trading Adviser, as the case may be, will seek guidance from the Sub-Adviser prior to executing any transaction in question. In any case (e.g., non-discretionary, partial discretion, or full discretion), the Adviser may retain such discretionary authority as it deems appropriate for effecting in-kind and other transactions of Fund portfolio investments vis-\u00e0-vis \u201ccreation units.\u201d Regardless of the scope of the Sub-Adviser\u2019s trading authority, the Sub-Adviser acknowledges that the Board retains ultimate authority over each Fund and may take any and all actions necessary and reasonable to protect the interests of Fund shareholders.", "samples": [{"hash": "baSDuKToGrr", "uri": "/contracts/baSDuKToGrr#sub-advisory-services", "label": "Sub Advisory Agreement (Tidal Trust III)", "score": 35.4544830322, "published": true}, {"hash": "38U3M1PmwqQ", "uri": "/contracts/38U3M1PmwqQ#sub-advisory-services", "label": "Sub Advisory Agreement (Tidal Trust III)", "score": 35.306640625, "published": true}, {"hash": "eSAS6SAGC8z", "uri": "/contracts/eSAS6SAGC8z#sub-advisory-services", "label": "Sub Advisory 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"clause", "offset": [486, 503]}, {"key": "to-the-adviser", "type": "clause", "offset": [513, 527]}, {"key": "and-oversight", "type": "clause", "offset": [543, 556]}, {"key": "with-respect-to", "type": "clause", "offset": [572, 587]}, {"key": "authorized-participants", "type": "definition", "offset": [675, 698]}, {"key": "incidental-to", "type": "definition", "offset": [745, 758]}, {"key": "conduct-of", "type": "clause", "offset": [778, 788]}, {"key": "other-transactions", "type": "definition", "offset": [815, 833]}, {"key": "in-particular", "type": "clause", "offset": [835, 848]}, {"key": "sole-discretion", "type": "clause", "offset": [950, 965]}, {"key": "best-execution-obligations", "type": "definition", "offset": [982, 1008]}, {"key": "section-7", "type": "definition", "offset": [1022, 1031]}, {"key": "broker-selection", "type": "clause", "offset": [1095, 1111]}, {"key": "trading-strategies", "type": "definition", "offset": [1115, 1133]}, {"key": "to-act", "type": "definition", "offset": [1182, 1188]}, {"key": "consistent-with", "type": "clause", "offset": [1201, 1216]}, {"key": "compliance-issue", "type": "definition", "offset": [1367, 1383]}, {"key": "seek-guidance", "type": "clause", "offset": [1395, 1408]}, {"key": "prior-to-executing", "type": "clause", "offset": [1426, 1444]}, {"key": "reasonable-efforts", "type": "definition", "offset": [1536, 1554]}, {"key": "instructions-to", "type": "definition", "offset": [1579, 1594]}, {"key": "reasonably-believes", "type": "definition", "offset": [1623, 1642]}, {"key": "compliance-requirements", "type": "definition", "offset": [1710, 1733]}, {"key": "where-applicable", "type": "clause", "offset": [1746, 1762]}, {"key": "the-1940-act", "type": "definition", "offset": [1764, 1776]}, {"key": "advisers-act", "type": "definition", "offset": [1782, 1794]}, {"key": "investment-policies-and-restrictions", "type": "definition", "offset": [1807, 1843]}, {"key": "compliance-guidelines", "type": "definition", "offset": [1853, 1874]}, {"key": "material-risk", "type": "definition", "offset": [2003, 2016]}, {"key": "applicable-law", "type": "definition", "offset": [2039, 2053]}, {"key": "in-its-discretion", "type": "clause", "offset": [2146, 2163]}, {"key": "execution-of-the-transaction", "type": "clause", "offset": [2171, 2199]}, {"key": "written-clarification", "type": "clause", "offset": [2216, 2237]}, {"key": "oversight-responsibilities", "type": "definition", "offset": [2392, 2418]}, {"key": "to-transfer", "type": "clause", "offset": [2446, 2457]}, {"key": "responsibility-for", "type": "clause", "offset": [2490, 2508]}, {"key": "investment-decisions", "type": "definition", "offset": [2527, 2547]}, {"key": "comply-with-applicable", "type": "clause", "offset": [2565, 2587]}, {"key": "governing-documents", "type": "clause", "offset": [2620, 2639]}, {"key": "in-addition", "type": "clause", "offset": [2641, 2652]}, {"key": "authority-to-execute", "type": "definition", "offset": [2695, 2715]}, {"key": "portfolio-transactions", "type": "definition", "offset": [2744, 2766]}, {"key": "in-connection-with", "type": "clause", "offset": [2767, 2785]}, {"key": "redemption-of-fund-shares", "type": "clause", "offset": [2803, 2828]}, {"key": "creation-units", "type": "clause", "offset": [2838, 2852]}, {"key": "the-board", "type": "clause", "offset": [2889, 2898]}, {"key": "ultimate-authority", "type": "definition", "offset": [2907, 2925]}, {"key": "the-funds", "type": "clause", "offset": [2931, 2940]}, {"key": "necessary-and-reasonable", "type": "clause", "offset": [2974, 2998]}, {"key": "the-interests", "type": "clause", "offset": [3010, 3023]}], "snippet": "The Sub-Adviser shall implement trading decisions for each Fund in accordance with instructions provided by the Adviser in writing, pursuant to mutually agreed upon notification protocols. The Sub-Adviser shall also be primarily responsible, at the direction of the Adviser, for portfolio management functions, including daily creation and redemption and portfolio rebalancing processes for each Fund, as needed. The Adviser hereby grants the Sub-Adviser the authority to exercise full trading authority (subject to the Adviser\u2019s instructions and oversight) for each Fund with respect to creation unit, redemption, and rebalancing processes. This includes corresponding with Authorized Participants, and implementing all activities necessary or incidental to the furtherance or conduct of such purchases, sales, or other transactions. In particular, the Sub-Adviser shall have the authority to select broker-dealers to effect trade executions in its sole discretion, subject to its best execution obligations as stated in Section 7. The Sub-Adviser may consider input from the Adviser regarding broker selection or trading strategies, while retaining discretion over such decisions to act in a manner consistent with its best execution obligations. If the Sub-Adviser requires clarification on a particular Adviser instruction (e.g., due to a potential regulatory or compliance issue), it shall seek guidance from the Adviser prior to executing any transaction in question. Prior to executing any transaction, the Sub-Adviser shall use reasonable efforts to review the Adviser\u2019s instructions to identify any issues that it reasonably believes may raise concerns under applicable legal, regulatory, or internal compliance requirements, including, where applicable, the 1940 Act, the Advisers Act, the Fund\u2019s investment policies and restrictions, and any compliance guidelines previously provided by the Adviser. If, in the Sub-Adviser\u2019s reasonable judgment, a particular instruction appears to present a material risk of noncompliance with applicable law, regulation, or Fund guidelines, the Sub-Adviser shall promptly inform the Adviser and may, in its discretion, defer execution of the transaction pending further written clarification or confirmation from the Adviser. The Adviser acknowledges and agrees that the Sub-Adviser\u2019s pre-trade review is intended solely to support the Adviser\u2019s oversight responsibilities and shall not be construed to transfer or limit the Adviser\u2019s ultimate responsibility for ensuring that all investment decisions and instructions comply with applicable law, regulation, and the Fund\u2019s governing documents. In addition, the Sub-Adviser shall have discretionary authority to execute in-kind transfers and other portfolio transactions in connection with the creation and redemption of Fund shares through \u201ccreation units.\u201d The Sub-Adviser acknowledges that the Board retains ultimate authority over the Funds and may take any and all actions necessary and reasonable to protect the interests of the Funds\u2019 shareholders.", "samples": [{"hash": "ljj5WVzbFMf", "uri": "/contracts/ljj5WVzbFMf#sub-advisory-services", "label": "Sub Advisory Agreement (2023 ETF Series Trust)", "score": 34.8193016052, "published": true}, {"hash": "cOUXmY9oLlC", "uri": "/contracts/cOUXmY9oLlC#sub-advisory-services", "label": "Sub Advisory Agreement (2023 ETF Series Trust)", "score": 34.8193016052, "published": true}, {"hash": "aDOODD3BIhF", "uri": "/contracts/aDOODD3BIhF#sub-advisory-services", "label": "Sub Advisory Agreement (2023 ETF Series Trust)", "score": 34.7125244141, "published": true}], "size": 34, "hash": "4e3fe54a86b980b85728dee77e4b4006", "id": 9}, {"snippet_links": [{"key": "licensee-shall", "type": "clause", "offset": [0, 14]}, {"key": "services-for", "type": "clause", "offset": [70, 82]}, {"key": "third-party", "type": "definition", "offset": [87, 98]}, {"key": "order-schedule", "type": "definition", "offset": [110, 124]}, {"key": "prior-written-consent", "type": "clause", "offset": [139, 160]}, {"key": "a-list", "type": "definition", "offset": [229, 235]}, {"key": "third-parties", "type": "clause", "offset": [244, 257]}, {"key": "usage-reports", "type": "definition", "offset": [273, 286]}, {"key": "as-required", "type": "clause", "offset": [287, 298]}, {"key": "exhibit-d", "type": "definition", "offset": [305, 314]}], "snippet": "Licensee shall not use the Index or Marks to perform any sub-advisory services for any third party under this Order Schedule without S&P\u2019s prior written consent. If S&P provides such consent, then Licensee shall provide S&P with a list of such third parties along with any usage reports as required under Exhibit D attached hereto.", "samples": [{"hash": "dRPgl4TcZt0", "uri": "/contracts/dRPgl4TcZt0#sub-advisory-services", "label": "Order Schedule (Guggenheim Defined Portfolios, Series 2600)", "score": 37.4709091187, "published": true}, {"hash": "9wIuWtsb9O3", "uri": "/contracts/9wIuWtsb9O3#sub-advisory-services", "label": "Order Schedule (Guggenheim Defined Portfolios, Series 2569)", "score": 37.2080764771, "published": true}, {"hash": "jvrbMhiWY6z", "uri": "/contracts/jvrbMhiWY6z#sub-advisory-services", "label": "Order Schedule (Guggenheim Defined Portfolios, Series 2552)", "score": 37.071182251, "published": true}], "size": 97, "hash": "55103d1b08f6c453afb390739e431143", "id": 2}, {"snippet_links": [{"key": "the-sub", "type": "clause", "offset": [3, 10]}, {"key": "subject-to-the", "type": "clause", "offset": [26, 40]}, {"key": "supervision-of-the", "type": "clause", "offset": [41, 59]}, {"key": "by-the-manager", "type": "clause", "offset": [103, 117]}, {"key": "the-assets", "type": "clause", "offset": [183, 193]}, {"key": "the-series", "type": "definition", "offset": [197, 207]}, {"key": "the-authority", "type": "clause", "offset": [218, 231]}, {"key": "on-behalf-of", "type": "definition", "offset": [232, 244]}, {"key": "and-exercise", "type": "clause", "offset": [276, 288]}, {"key": "rights-of-the", "type": "clause", "offset": [299, 312]}, {"key": "security-holder", "type": "clause", "offset": [325, 340]}, {"key": "from-time-to-time", "type": "clause", "offset": [374, 391]}, {"key": "conformity-with", "type": "clause", "offset": [444, 459]}, {"key": "investment-objective", "type": "definition", "offset": [468, 488]}, {"key": "policies-and-restrictions", "type": "clause", "offset": [490, 515]}, {"key": "prospectus-and-statement-of-additional-information", "type": "clause", "offset": [555, 605]}, {"key": "relating-to", "type": "definition", "offset": [606, 617]}, {"key": "additional-policies", "type": "definition", "offset": [638, 657]}, {"key": "by-the-trust", "type": "clause", "offset": [702, 714]}, {"key": "in-writing", "type": "clause", "offset": [751, 761]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [789, 810]}, {"key": "internal-revenue-code", "type": "definition", "offset": [811, 832]}, {"key": "applicable-to", "type": "definition", "offset": [846, 859]}, {"key": "investment-companies", "type": "clause", "offset": [871, 891]}, {"key": "defined-in-section", "type": "clause", "offset": [897, 915]}, {"key": "the-code", "type": "clause", "offset": [923, 931]}, {"key": "in-effect", "type": "clause", "offset": [959, 968]}, {"key": "applicable-provisions-of-law", "type": "clause", "offset": [1014, 1042]}, {"key": "including-without-limitation", "type": "clause", "offset": [1044, 1072]}, {"key": "the-investment-company-act-of-1940", "type": "clause", "offset": [1102, 1136]}, {"key": "rules-and-regulations", "type": "clause", "offset": [1162, 1183]}, {"key": "the-foregoing", "type": "definition", "offset": [1207, 1220]}, {"key": "in-its-discretion", "type": "clause", "offset": [1253, 1270]}, {"key": "prior-consultation", "type": "definition", "offset": [1283, 1301]}, {"key": "other-securities", "type": "definition", "offset": [1384, 1400]}, {"key": "investment-instruments", "type": "clause", "offset": [1405, 1427]}, {"key": "length-of-time", "type": "clause", "offset": [1475, 1489]}, {"key": "the-securities", "type": "definition", "offset": [1490, 1504]}, {"key": "rate-of", "type": "clause", "offset": [1538, 1545]}, {"key": "portfolio-turnover", "type": "clause", "offset": [1546, 1564]}, {"key": "tax-considerations", "type": "definition", "offset": [1572, 1590]}, {"key": "the-majority", "type": "clause", "offset": [1596, 1608]}], "snippet": "a. The Sub-Adviser shall, subject to the supervision of the Manager and of any administrator appointed by the Manager (the \"Administrator\"), manage the investment and reinvestment of the assets of the Series, and have the authority on behalf of the Series to vote all proxies and exercise all other rights of the Series as a security holder of companies in which the Series from time to time invests. The Sub-Adviser shall manage the Series in conformity with (1) the investment objective, policies and restrictions of the Series set forth in the Trust's prospectus and statement of additional information relating to the Series, (2) any additional policies or guidelines established by the Manager or by the Trust's trustees that have been furnished in writing to the Sub-Adviser and (3) the provisions of the Internal Revenue Code (the \"Code\") applicable to \"regulated investment companies\" (as defined in Section 851 of the Code), all as from time to time in effect (collectively, the \"Policies\"), and with all applicable provisions of law, including without limitation all applicable provisions of the Investment Company Act of 1940 (the \"1940 Act\") and the rules and regulations thereunder. Subject to the foregoing, the Sub-Adviser is authorized, in its discretion and without prior consultation with the Manager, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Series, without regard to the length of time the securities have been held and the resulting rate of portfolio turnover or any tax considerations; and the majority or the whole of the Series may be invested in such proportions of stocks, bonds, other securities or investment instruments, or cash, as the Sub-Adviser shall determine.", "samples": [{"hash": "ix96bNHQFo5", "uri": "/contracts/ix96bNHQFo5#sub-advisory-services", "label": "Advisory Agreement (Nvest Cash Management Trust)", "score": 18.0, "published": true}, {"hash": "6ICJXlPQXgd", "uri": "/contracts/6ICJXlPQXgd#sub-advisory-services", "label": "Advisory Agreement (Nvest Tax Exempt Money Market Trust)", "score": 18.0, "published": true}, {"hash": "1pRBK45uVP4", "uri": "/contracts/1pRBK45uVP4#sub-advisory-services", "label": "Sub Advisory Agreement (CDC Nvest Funds Trust I)", "score": 18.0, "published": true}], "size": 73, "hash": "c17a7bd40d67febaa95d034622fe8b93", "id": 3}, {"snippet_links": [{"key": "the-sub", "type": "clause", "offset": [3, 10]}, {"key": "subject-to-the", "type": "clause", "offset": [26, 40]}, {"key": "supervision-of-the", "type": "clause", "offset": [41, 59]}, {"key": "the-assets", "type": "clause", "offset": [127, 137]}, {"key": "the-series", "type": "definition", "offset": [141, 151]}, {"key": "manager-may", "type": "definition", "offset": [159, 170]}, {"key": "from-time-to-time", "type": "clause", "offset": [171, 188]}, {"key": "for-management", "type": "clause", "offset": [217, 231]}, {"key": "designated-assets", "type": "definition", "offset": [238, 255]}, {"key": "the-authority", "type": "clause", "offset": [268, 281]}, {"key": "on-behalf-of", "type": "definition", "offset": [282, 294]}, {"key": "and-exercise", "type": "clause", "offset": [341, 353]}, {"key": "rights-of-the", "type": "clause", "offset": [364, 377]}, {"key": "security-holder", "type": "clause", "offset": [390, 405]}, {"key": "the-designated", "type": "definition", "offset": [495, 509]}, {"key": "conformity-with", "type": "clause", "offset": [520, 535]}, {"key": "policies-and-restrictions", "type": "clause", "offset": [566, 591]}, {"key": "prospectus-and-statement-of-additional-information", "type": "clause", "offset": [631, 681]}, {"key": "relating-to", "type": "definition", "offset": [682, 693]}, {"key": "additional-policies", "type": "definition", "offset": [755, 774]}, {"key": "by-the-manager", "type": "clause", "offset": [801, 815]}, {"key": "by-the-trust", "type": "clause", "offset": [819, 831]}, {"key": "in-writing", "type": "clause", "offset": [868, 878]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [906, 927]}, {"key": "internal-revenue-code", "type": "definition", "offset": [928, 949]}, {"key": "as-amended", "type": "definition", "offset": [950, 960]}, {"key": "applicable-to", "type": "definition", "offset": [974, 987]}, {"key": "investment-companies", "type": "clause", "offset": [999, 1019]}, {"key": "defined-in-section", "type": "clause", "offset": [1025, 1043]}, {"key": "the-code", "type": "clause", "offset": [1051, 1059]}, {"key": "in-effect", "type": "clause", "offset": [1087, 1096]}, {"key": "applicable-provisions-of-law", "type": "clause", "offset": [1142, 1170]}, {"key": "including-without-limitation", "type": "clause", "offset": [1172, 1200]}, {"key": "the-investment-company-act-of-1940", "type": "clause", "offset": [1230, 1264]}, {"key": "rules-and-regulations", "type": "clause", "offset": [1301, 1322]}, {"key": "the-foregoing", "type": "definition", "offset": [1346, 1359]}, {"key": "in-its-discretion", "type": "clause", "offset": [1392, 1409]}, {"key": "prior-consultation", "type": "definition", "offset": [1422, 1440]}, {"key": "other-securities", "type": "definition", "offset": [1523, 1539]}, {"key": "investment-instruments", "type": "clause", "offset": [1544, 1566]}, {"key": "length-of-time", "type": "clause", "offset": [1614, 1628]}, {"key": "rate-of", "type": "clause", "offset": [1677, 1684]}, {"key": "portfolio-turnover", "type": "clause", "offset": [1685, 1703]}, {"key": "tax-considerations", "type": "definition", "offset": [1711, 1729]}, {"key": "the-majority", "type": "clause", "offset": [1735, 1747]}, {"key": "for-the-investment", "type": "definition", "offset": [1962, 1980]}, {"key": "compliance-with-the", "type": "clause", "offset": [2052, 2071]}, {"key": "investment-objectives", "type": "definition", "offset": [2072, 2093]}, {"key": "quarterly-and-annual-reports", "type": "clause", "offset": [2247, 2275]}, {"key": "portfolio-transactions", "type": "definition", "offset": [2287, 2309]}, {"key": "mutually-agreed", "type": "clause", "offset": [2363, 2378]}, {"key": "agrees-to", "type": "clause", "offset": [2389, 2398]}, {"key": "management-of", "type": "clause", "offset": [2433, 2446]}, {"key": "all-books-and-records", "type": "clause", "offset": [2480, 2501]}, {"key": "with-respect-to", "type": "clause", "offset": [2502, 2517]}, {"key": "normal-business-hours", "type": "definition", "offset": [2603, 2624]}, {"key": "upon-reasonable-notice", "type": "clause", "offset": [2626, 2648]}, {"key": "provide-the", "type": "clause", "offset": [2677, 2688]}, {"key": "other-information-and-reports", "type": "clause", "offset": [2707, 2736]}, {"key": "requested-by", "type": "definition", "offset": [2758, 2770]}, {"key": "trustees-of-the-trust", "type": "clause", "offset": [2892, 2913]}, {"key": "provide-to", "type": "clause", "offset": [2940, 2950]}, {"key": "a-copy-of-the", "type": "clause", "offset": [2963, 2976]}, {"key": "form-adv", "type": "clause", "offset": [2991, 2999]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [3014, 3052]}, {"key": "a-list", "type": "definition", "offset": [3057, 3063]}, {"key": "persons-whom", "type": "clause", "offset": [3071, 3083]}, {"key": "instructions-to", "type": "definition", "offset": [3154, 3169]}], "snippet": "a. The Sub-Adviser shall, subject to the supervision of the Manager, manage the investment and reinvestment of such portion of the assets of the Series as the Manager may from time to time allocate to the Sub-Adviser for management (the \u201cDesignated Assets\u201d), and have the authority on behalf of the Series to vote and shall vote all proxies and exercise all other rights of the Series as a security holder of companies in which the Series from time to time invests. The Sub-Adviser shall manage the Designated Assets in conformity with (1) the investment objective, policies and restrictions of the Series set forth in the Trust\u2019s prospectus and statement of additional information relating to the Series as they pertain to the Designated Assets, (2) any additional policies or guidelines established by the Manager or by the Trust\u2019s trustees that have been furnished in writing to the Sub-Adviser and (3) the provisions of the Internal Revenue Code as amended (the \u201cCode\u201d) applicable to \u201cregulated investment companies\u201d (as defined in Section 851 of the Code), all as from time to time in effect (collectively, the \u201cPolicies\u201d), and with all applicable provisions of law, including without limitation all applicable provisions of the Investment Company Act of 1940 as amended (the \u201c1940 Act\u201d) and the rules and regulations thereunder. Subject to the foregoing, the Sub-Adviser is authorized, in its discretion and without prior consultation with the Manager, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Series, without regard to the length of time the securities have been held and the resulting rate of portfolio turnover or any tax considerations; and the majority or the whole of the Series may be invested in such proportions of stocks, bonds, other securities or investment instruments, or cash, as the Sub-Adviser shall determine.\nb. The Sub-Adviser shall not be responsible for the investment or reinvestment of any assets other than the Designated Assets, or for compliance with the investment objectives, policies and restrictions of the Series as they apply to assets other than the Designated Assets.\nc. The Sub-Adviser shall furnish the Manager monthly, quarterly and annual reports concerning portfolio transactions and performance of the Series in such form as may be mutually agreed upon, and agrees to review the Series and discuss the management of it. The Sub-Adviser shall permit all books and records with respect to the Series to be inspected and audited by the Manager at all reasonable times during normal business hours, upon reasonable notice. The Sub-Adviser shall also provide the Manager with such other information and reports as may reasonably be requested by the Manager from time to time, including without limitation all material requested by or required to be delivered to the Trustees of the Trust.\nd. The Sub-Adviser shall provide to the Manager a copy of the Sub-Adviser\u2019s Form ADV as filed with the Securities and Exchange Commission and a list of the persons whom the Sub-Adviser wishes to have authorized to give written and/or oral instructions to custodians of assets of the Series.", "samples": [{"hash": "apiu85gNWlp", "uri": "/contracts/apiu85gNWlp#sub-advisory-services", "label": "Sub Advisory Agreement (Natixis Funds Trust II)", "score": 23.9007530212, "published": true}, {"hash": "5SFsRZRUZrc", "uri": "/contracts/5SFsRZRUZrc#sub-advisory-services", "label": "Sub Advisory Agreement (Natixis Funds Trust II)", "score": 22.7344284058, "published": true}, {"hash": "cNGjKrdjZNz", "uri": "/contracts/cNGjKrdjZNz#sub-advisory-services", "label": "Sub Advisory Agreement (Natixis Funds Trust II)", "score": 20.74127388, "published": true}], "size": 55, "hash": "6e57949f9e6e4f26f7bde6f4418aae3b", "id": 4}, {"snippet_links": [{"key": "the-sub", "type": "clause", "offset": [3, 10]}, {"key": "subject-to-the", "type": "clause", "offset": [26, 40]}, {"key": "supervision-of-the", "type": "clause", "offset": [41, 59]}, {"key": "assets-of-the-company", "type": "clause", "offset": [131, 152]}, {"key": "manager-may", "type": "definition", "offset": [160, 171]}, {"key": "from-time-to-time", "type": "clause", "offset": [172, 189]}, {"key": "for-management", "type": "clause", "offset": [218, 232]}, {"key": "designated-assets", "type": "definition", "offset": [239, 256]}, {"key": "the-authority", "type": "clause", "offset": [269, 282]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [286, 307]}, {"key": "and-exercise", "type": "clause", "offset": [343, 355]}, {"key": "other-rights-of-the-company", "type": "clause", "offset": [360, 387]}, {"key": "security-holder", "type": "clause", "offset": [393, 408]}, {"key": "the-designated", "type": "definition", "offset": [499, 513]}, {"key": "conformity-with", "type": "clause", "offset": [524, 539]}, {"key": "memorandum-and-articles-of-association", "type": "clause", "offset": [558, 596]}, {"key": "policies-and-restrictions", "type": "clause", "offset": [628, 653]}, {"key": "additional-policies", "type": "definition", "offset": [675, 694]}, {"key": "by-the-manager", "type": "clause", "offset": [721, 735]}, {"key": "board-of-directors-of-the-company", "type": "definition", "offset": [746, 779]}, {"key": "in-writing", "type": "clause", "offset": [805, 815]}, {"key": "in-effect", "type": "clause", "offset": [861, 870]}, {"key": "all-laws", "type": "clause", "offset": [881, 889]}, {"key": "to-the-fund", "type": "definition", "offset": [924, 935]}, {"key": "applicable-laws", "type": "definition", "offset": [956, 971]}, {"key": "not-limited", "type": "clause", "offset": [989, 1000]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [1004, 1025]}, {"key": "internal-revenue-code", "type": "definition", "offset": [1026, 1047]}, {"key": "as-amended", "type": "definition", "offset": [1049, 1059]}, {"key": "investment-companies", "type": "clause", "offset": [1099, 1119]}, {"key": "defined-in-section", "type": "clause", "offset": [1125, 1143]}, {"key": "the-code", "type": "clause", "offset": [1151, 1159]}, {"key": "applicable-provisions", "type": "definition", "offset": [1170, 1191]}, {"key": "the-investment-company-act-of-1940", "type": "clause", "offset": [1195, 1229]}, {"key": "the-rules", "type": "clause", "offset": [1264, 1273]}, {"key": "in-compliance-with", "type": "definition", "offset": [1324, 1342]}, {"key": "the-foregoing", "type": "definition", "offset": [1376, 1389]}, {"key": "in-its-discretion", "type": "clause", "offset": [1422, 1439]}, {"key": "prior-consultation", "type": "definition", "offset": [1452, 1470]}, {"key": "derivative-contracts", "type": "clause", "offset": [1550, 1570]}, {"key": "other-securities", "type": "definition", "offset": [1575, 1591]}, {"key": "investment-instruments", "type": "clause", "offset": [1596, 1618]}, {"key": "length-of-time", "type": "clause", "offset": [1667, 1681]}, {"key": "rate-of", "type": "clause", "offset": [1730, 1737]}, {"key": "portfolio-turnover", "type": "clause", "offset": [1738, 1756]}, {"key": "tax-considerations", "type": "definition", "offset": [1764, 1782]}, {"key": "the-majority", "type": "clause", "offset": [1788, 1800]}, {"key": "for-the-investment", "type": "definition", "offset": [2052, 2070]}, {"key": "compliance-with-the", "type": "clause", "offset": [2142, 2161]}, {"key": "investment-objectives", "type": "definition", "offset": [2162, 2183]}, {"key": "quarterly-and-annual-reports", "type": "clause", "offset": [2335, 2363]}, {"key": "portfolio-transactions", "type": "definition", "offset": [2375, 2397]}, {"key": "company-in", "type": "clause", "offset": [2421, 2431]}, {"key": "mutually-agreed", "type": "clause", "offset": [2452, 2467]}, {"key": "agrees-to", "type": "clause", "offset": [2478, 2487]}, {"key": "management-of", "type": "clause", "offset": [2523, 2536]}, {"key": "all-books-and-records", "type": "clause", "offset": [2570, 2591]}, {"key": "with-respect-to-the-company", "type": "clause", "offset": [2592, 2619]}, {"key": "and-the-company", "type": "clause", "offset": [2663, 2678]}, {"key": "normal-business-hours", "type": "definition", "offset": [2710, 2731]}, {"key": "upon-reasonable-notice", "type": "clause", "offset": [2733, 2755]}, {"key": "provide-the", "type": "clause", "offset": [2784, 2795]}, {"key": "other-information-and-reports", "type": "clause", "offset": [2830, 2859]}, {"key": "requested-by", "type": "definition", "offset": [2881, 2893]}, {"key": "including-without-limitation", "type": "clause", "offset": [2940, 2968]}, {"key": "trustees-of-the-trust", "type": "clause", "offset": [3030, 3051]}, {"key": "provide-to", "type": "clause", "offset": [3078, 3088]}, {"key": "a-copy-of-the", "type": "clause", "offset": [3101, 3114]}, {"key": "form-adv", "type": "clause", "offset": [3129, 3137]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [3152, 3190]}, {"key": "a-list", "type": "definition", "offset": [3195, 3201]}, {"key": "persons-whom", "type": "clause", "offset": [3209, 3221]}, {"key": "instructions-to", "type": "definition", "offset": [3292, 3307]}], "snippet": "a. The Sub-Adviser shall, subject to the supervision of the Manager, manage the investment and reinvestment of such portion of the assets of the Company as the Manager may from time to time allocate to the Sub-Adviser for management (the \u201cDesignated Assets\u201d), and have the authority on behalf of the Company to vote and shall vote all proxies and exercise all other rights of the Company as a security holder of companies in which the Company from time to time invests. The Sub-Adviser shall manage the Designated Assets in conformity with (1) the Company\u2019s Memorandum and Articles of Association, (2) the investment objective, policies and restrictions of the Fund, (3) any additional policies or guidelines established by the Manager or by the Board of Directors of the Company that have been furnished in writing to the Sub-Adviser, all as from time to time in effect, and with all laws, rules and regulations applicable to the Fund (collectively, the \u201cApplicable Laws\u201d), including but not limited to the provisions of the Internal Revenue Code, as amended (the \u201cCode\u201d), applicable to \u201cregulated investment companies\u201d (as defined in Section 851 of the Code), and all applicable provisions of the Investment Company Act of 1940, as amended (the \u201c1940 Act\u201d), and the rules and regulations thereunder, such that the Fund is in compliance with such Applicable Laws. Subject to the foregoing, the Sub-Adviser is authorized, in its discretion and without prior consultation with the Manager, to buy, sell, lend and otherwise trade in any stocks, bonds, derivative contracts and other securities and investment instruments on behalf of the Company, without regard to the length of time the securities have been held and the resulting rate of portfolio turnover or any tax considerations; and the majority or the whole of the assets of the Company may be invested in such proportions of stocks, bonds, derivative contracts, other securities or investment instruments, or cash, as the Sub-Adviser shall determine.\nb. The Sub-Adviser shall not be responsible for the investment or reinvestment of any assets other than the Designated Assets, or for compliance with the investment objectives, policies and restrictions of the Fund as they apply to assets other than the Designated Assets.\nc. The Sub-Adviser shall furnish the Manager monthly, quarterly and annual reports concerning portfolio transactions and performance of the Company in such form as may be mutually agreed upon, and agrees to review the Company and discuss the management of it. The Sub-Adviser shall permit all books and records with respect to the Company to be inspected and audited by the Manager and the Company at all reasonable times during normal business hours, upon reasonable notice. The Sub-Adviser shall also provide the Manager and the Company with such other information and reports as may reasonably be requested by the Manager or the Company from time to time, including without limitation all material requested by or required to be delivered to the trustees of the Trust.\nd. The Sub-Adviser shall provide to the Manager a copy of the Sub-Adviser\u2019s Form ADV as filed with the Securities and Exchange Commission and a list of the persons whom the Sub-Adviser wishes to have authorized to give written and/or oral instructions to custodians of assets of the Company.", "samples": [{"hash": "dmkRuy1YDas", "uri": "/contracts/dmkRuy1YDas#sub-advisory-services", "label": "Sub Advisory Agreement (Natixis Funds Trust II)", "score": 19.5722103119, "published": true}, {"hash": "PyikCJO3aQ", "uri": "/contracts/PyikCJO3aQ#sub-advisory-services", "label": "Sub Advisory Agreement (Natixis Funds Trust II)", "score": 19.0, "published": true}, {"hash": "4v7wNtrZfJT", "uri": "/contracts/4v7wNtrZfJT#sub-advisory-services", "label": "Sub Advisory Agreement (Natixis Funds Trust II)", "score": 19.0, "published": true}], "size": 53, "hash": "2d95919ec7de2a0c22dd6ff058996be7", "id": 5}, {"snippet_links": [{"key": "the-sub", "type": "clause", "offset": [3, 10]}, {"key": "subject-to-the", "type": "clause", "offset": [26, 40]}, {"key": "supervision-of-the", "type": "clause", "offset": [41, 59]}, {"key": "cooperation-with", "type": "clause", "offset": [75, 91]}, {"key": "by-the-manager", "type": "clause", "offset": [120, 134]}, {"key": "the-assets", "type": "clause", "offset": [200, 210]}, {"key": "the-series", "type": "definition", "offset": [214, 224]}, {"key": "conformity-with", "type": "clause", "offset": [269, 284]}, {"key": "investment-objective", "type": "definition", "offset": [293, 313]}, {"key": "policies-and-restrictions", "type": "clause", "offset": [315, 340]}, {"key": "prospectus-and-statement-of-additional-information", "type": "clause", "offset": [380, 430]}, {"key": "relating-to", "type": "definition", "offset": [431, 442]}, {"key": "additional-policies", "type": "definition", "offset": [463, 482]}, {"key": "by-the-trust", "type": "clause", "offset": [527, 539]}, {"key": "in-writing", "type": "clause", "offset": [576, 586]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [614, 635]}, {"key": "internal-revenue-code", "type": "definition", "offset": [636, 657]}, {"key": "applicable-to", "type": "definition", "offset": [671, 684]}, {"key": "investment-companies", "type": "clause", "offset": [696, 716]}, {"key": "defined-in-section", "type": "clause", "offset": [722, 740]}, {"key": "the-code", "type": "clause", "offset": [748, 756]}, {"key": "from-time-to-time", "type": "clause", "offset": [766, 783]}, {"key": "in-effect", "type": "clause", "offset": [784, 793]}, {"key": "applicable-provisions-of-law", "type": "clause", "offset": [839, 867]}, {"key": "including-without-limitation", "type": "clause", "offset": [869, 897]}, {"key": "the-investment-company-act-of-1940", "type": "clause", "offset": [927, 961]}, {"key": "rules-and-regulations", "type": "clause", "offset": [987, 1008]}, {"key": "in-its-discretion", "type": "clause", "offset": [1078, 1095]}, {"key": "prior-consultation", "type": "definition", "offset": [1108, 1126]}, {"key": "other-securities", "type": "definition", "offset": [1209, 1225]}, {"key": "investment-instruments", "type": "clause", "offset": [1230, 1252]}, {"key": "on-behalf-of", "type": "definition", "offset": [1253, 1265]}, {"key": "length-of-time", "type": "clause", "offset": [1300, 1314]}, {"key": "the-securities", "type": "definition", "offset": [1315, 1329]}, {"key": "rate-of", "type": "clause", "offset": [1363, 1370]}, {"key": "portfolio-turnover", "type": "clause", "offset": [1371, 1389]}, {"key": "tax-considerations", "type": "definition", "offset": [1397, 1415]}, {"key": "the-majority", "type": "clause", "offset": [1421, 1433]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [1634, 1660]}, {"key": "written-instructions", "type": "clause", "offset": [1703, 1723]}, {"key": "portfolio-transactions", "type": "definition", "offset": [1754, 1776]}, {"key": "the-policies", "type": "clause", "offset": [1876, 1888]}], "snippet": "a. The Sub-Adviser shall, subject to the supervision of the Manager and in cooperation with any administrator appointed by the Manager (the \"Administrator\"), manage the investment and reinvestment of the assets of the Series. The Sub-Adviser shall manage the Series in conformity with (1) the investment objective, policies and restrictions of the Series set forth in the Trust's prospectus and statement of additional information relating to the Series, (2) any additional policies or guidelines established by the Manager or by the Trust's trustees that have been furnished in writing to the Sub-Adviser and (3) the provisions of the Internal Revenue Code (the \"Code\") applicable to \"regulated investment companies\" (as defined in Section 851 of the Code), all as from time to time in effect (collectively, the \"Policies\"), and with all applicable provisions of law, including without limitation all applicable provisions of the Investment Company Act of 1940 (the \"1940 Act\") and the rules and regulations thereunder. Subject to the foregoing, the Sub-Adviser is authorized, in its discretion and without prior consultation with the Manager, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Series, without regard to the length of time the securities have been held and the resulting rate of portfolio turnover or any tax considerations; and the majority or the whole of the Series may be invested in such proportions of stocks, bonds, other securities or investment instruments, or cash, as the Sub-Adviser shall determine. Notwithstanding the foregoing provisions of this Section 1.a, however, the Sub-Adviser shall, upon written instructions from the Manager, effect such portfolio transactions for the Series as the Manager shall determine are necessary in order for the Series to comply with the Policies.", "samples": [{"hash": "jN2EhlcdGau", "uri": "/contracts/jN2EhlcdGau#sub-advisory-services", "label": "Interim Sub Advisory Agreement (Undiscovered Managers Funds)", "score": 18.0, "published": true}, {"hash": "ho0n27s8OhW", "uri": "/contracts/ho0n27s8OhW#sub-advisory-services", "label": "Interim Sub Advisory Agreement (Undiscovered Managers Funds)", "score": 18.0, "published": true}, {"hash": "hnD61eta9zK", "uri": "/contracts/hnD61eta9zK#sub-advisory-services", "label": "Sub Advisory Agreement (Undiscovered Managers Funds)", "score": 18.0, "published": true}], "size": 47, "hash": "94557ba57cdf9e8c563a5e50a85c32f5", "id": 6}, {"snippet_links": [{"key": "the-sub", "type": "clause", "offset": [3, 10]}, {"key": "subject-to-the", "type": "clause", "offset": [26, 40]}, {"key": "supervision-of-the", "type": "clause", "offset": [41, 59]}, {"key": "cooperation-with", "type": "clause", "offset": [75, 91]}, {"key": "by-the-manager", "type": "clause", "offset": [120, 134]}, {"key": "the-assets", "type": "clause", "offset": [200, 210]}, {"key": "conformity-with", "type": "clause", "offset": [275, 290]}, {"key": "investment-objective", "type": "definition", "offset": [299, 319]}, {"key": "policies-and-restrictions", "type": "clause", "offset": [321, 346]}, {"key": "prospectus-and-statement-of-additional-information", "type": "clause", "offset": [388, 438]}, {"key": "relating-to", "type": "definition", "offset": [439, 450]}, {"key": "additional-policies", "type": "definition", "offset": [474, 493]}, {"key": "by-the-fund", "type": "clause", "offset": [538, 549]}, {"key": "in-writing", "type": "clause", "offset": [587, 597]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [625, 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"quarterly-and-annual-reports", "type": "clause", "offset": [2017, 2045]}, {"key": "mutually-agreed", "type": "clause", "offset": [2126, 2141]}, {"key": "agrees-to", "type": "clause", "offset": [2152, 2161]}, {"key": "management-of-the-portfolio", "type": "clause", "offset": [2199, 2226]}, {"key": "reasonable-request", "type": "definition", "offset": [2313, 2331]}, {"key": "all-books-and-records", "type": "clause", "offset": [2362, 2383]}, {"key": "with-respect-to", "type": "clause", "offset": [2384, 2399]}, {"key": "normal-business-hours", "type": "definition", "offset": [2510, 2531]}, {"key": "upon-reasonable-notice", "type": "clause", "offset": [2533, 2555]}, {"key": "provide-the", "type": "clause", "offset": [2584, 2595]}, {"key": "other-information-and-reports", "type": "clause", "offset": [2645, 2674]}, {"key": "requested-by", "type": "definition", "offset": [2696, 2708]}, {"key": "the-directors", "type": "clause", "offset": [2847, 2860]}, {"key": "pursuant-to-section", "type": "clause", "offset": [2873, 2892]}, {"key": "the-1940-act", "type": "definition", "offset": [2902, 2914]}, {"key": "provide-to", "type": "clause", "offset": [2941, 2951]}, {"key": "a-copy-of-the", "type": "clause", "offset": [2964, 2977]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [3040, 3078]}, {"key": "as-amended", "type": "definition", "offset": [3083, 3093]}, {"key": "a-list", "type": "definition", "offset": [3116, 3122]}, {"key": "persons-whom", "type": "clause", "offset": [3130, 3142]}, {"key": "instructions-to", "type": "definition", "offset": [3213, 3228]}], "snippet": "a. The Sub-Adviser shall, subject to the supervision of the Manager and in cooperation with any administrator appointed by the Manager (the \u201cAdministrator\u201d), manage the investment and reinvestment of the assets of the Portfolio. The Sub-Adviser shall manage the Portfolio in conformity with (1) the investment objective, policies and restrictions of the Portfolio set forth in the Fund\u2019s prospectus and statement of additional information relating to the Portfolio, (2) any additional policies or guidelines established by the Manager or by the Fund\u2019s directors that have been furnished in writing to the Sub-Adviser and (3) the provisions of the Internal Revenue Code (the \u201cCode\u201d) applicable to \u201cregulated investment companies\u201d (as defined in Section 851 of the Code) and Section 817 of the Code, all as from time to time in effect (collectively, the \u201cPolicies\u201d), and with all applicable provisions of law, including without limitation all applicable provisions of the Investment Company Act of 1940 (the \u201c1940 Act\u201d) and the rules and regulations thereunder. Subject to the foregoing, the Sub-Adviser is authorized, in its discretion and without prior consultation with the Manager, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio, without regard to the length of time the securities have been held and the resulting rate of portfolio turnover or any tax considerations; and the majority or the whole of the Portfolio may be invested in such proportions of stocks, bonds, other securities or investment instruments, or cash, as the Sub-Adviser shall determine. Notwithstanding the foregoing provisions of this Section 1.a, however, the Sub-Adviser shall, upon written instructions from the Manager, effect such portfolio transactions for the Portfolio as the Manager shall determine are necessary in order for the Portfolio to comply with the Policies.\nb. The Sub-Adviser shall furnish the Manager and the Administrator monthly, quarterly and annual reports concerning transactions and performance of the Portfolio in such form as may be mutually agreed upon, and agrees to review the Portfolio and discuss the management of the Portfolio with representatives or agents of the Manager, the Administrator or the Fund at their reasonable request. The Sub-Adviser shall permit all books and records with respect to the Portfolio to be inspected and audited by the Manager and the Administrator at all reasonable times during normal business hours, upon reasonable notice. The Sub-Adviser shall also provide the Manager, the Administrator or the Fund with such other information and reports as may reasonably be requested by the Manager, the Administrator or the Fund from time to time, including without limitation all material as reasonably may be requested to the Directors of the Fund pursuant to Section 15(c) of the 1940 Act.\nc. The Sub-Adviser shall provide to the Manager a copy of the Sub-Adviser\u2019s and DSA-NY\u2019s respective Forms ADV as filed with the Securities and Exchange Commission and as amended from time to time and a list of the persons whom the Sub-Adviser wishes to have authorized to give written and/or oral instructions to custodians of assets of the Portfolio.", "samples": [{"hash": "eP3rnUniRFP", "uri": "/contracts/eP3rnUniRFP#sub-advisory-services", "label": "Sub Advisory Agreement (Metropolitan Series Fund Inc)", "score": 21.0999317169, "published": true}, {"hash": "95moPaptoic", "uri": "/contracts/95moPaptoic#sub-advisory-services", "label": "Sub Advisory Agreement (Metropolitan Series Fund Inc)", "score": 19.0, "published": true}, {"hash": "6MwL88VbDkt", "uri": "/contracts/6MwL88VbDkt#sub-advisory-services", "label": "Sub Advisory Agreement (Metropolitan Series Fund Inc)", "score": 19.0, "published": true}], "size": 46, "hash": "5ac33fe5823496b521022715301f33b7", "id": 7}, {"snippet_links": [{"key": "the-sub", "type": "clause", "offset": [0, 7]}, {"key": "to-the-adviser", "type": "clause", "offset": [32, 46]}, {"key": "from-time-to-time", "type": "clause", "offset": [48, 65]}, {"key": "the-funds", "type": "clause", "offset": [123, 132]}, {"key": "subject-always-to", "type": "clause", "offset": [274, 291]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [292, 313]}, {"key": "agreement-and-declaration-of-trust", "type": "clause", "offset": [322, 356]}, {"key": "prospectus-and-statement-of-additional-information", "type": "clause", "offset": [382, 432]}, {"key": "registration-statement", "type": "definition", "offset": [461, 483]}, {"key": "the-1940-act", "type": "definition", "offset": [534, 546]}, {"key": "securities-act-of-1933", "type": "definition", "offset": [562, 584]}, {"key": "as-amended", "type": "definition", "offset": [586, 596]}, {"key": "fund-shares", "type": "definition", "offset": [624, 635]}, {"key": "the-us", "type": 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"security-purchases", "type": "clause", "offset": [1337, 1355]}, {"key": "investment-portfolio", "type": "definition", "offset": [1393, 1413]}, {"key": "with-respect-to", "type": "clause", "offset": [1443, 1458]}, {"key": "nothing-in-this-agreement", "type": "clause", "offset": [1487, 1512]}, {"key": "right-of-the-board", "type": "clause", "offset": [1540, 1558]}, {"key": "to-establish", "type": "definition", "offset": [1574, 1586]}, {"key": "in-connection-with", "type": "clause", "offset": [1606, 1624]}, {"key": "the-management", "type": "clause", "offset": [1625, 1639]}, {"key": "right-to-control", "type": "clause", "offset": [1688, 1704]}, {"key": "management-of-the-trust", "type": "clause", "offset": [1717, 1740]}, {"key": "ultimate-authority", "type": "definition", "offset": [1808, 1826]}, {"key": "necessary-and-reasonable", "type": "clause", "offset": [1875, 1899]}, {"key": "the-interests", "type": "clause", "offset": [1911, 1924]}, {"key": "fund-shareholders", "type": "definition", "offset": [1928, 1945]}], "snippet": "The Sub-Adviser shall recommend to the Adviser, from time to time, what securities (and weightings) shall be purchased for the Funds, what securities (and weightings) shall be held or sold by the Funds and what portion of the Funds\u2019 assets shall be held uninvested in cash, subject always to the provisions of the Trust\u2019s Agreement and Declaration of Trust, By-Laws and each Fund\u2019s prospectus and statement of additional information as set forth in the Trust\u2019s registration statement on Form N-1A (the \u201cRegistration Statement\u201d) under the 1940 Act, and under the Securities Act of 1933, as amended (the \u201c1933 Act\u201d), covering Fund shares, as filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d), and to the investment objectives, policies and restrictions of each Fund, as shall be from time to time in effect and such other limitations, policies and procedures as the Board or the Adviser may reasonably impose from time to time and provide in writing to the Sub-Adviser (the \u201cInvestment Policies\u201d). The Sub-Adviser shall be responsible for promptly informing the Adviser of each such recommendation for each Fund in writing pursuant to mutually agreed notification protocols. In turn, the parties understand and acknowledge that the Adviser will rely on such recommendations to make final investment determinations for the security purchases, holdings, and sales for each Fund\u2019s investment portfolio. The Sub-Adviser\u2019s authority with respect to the Funds is discretionary. Nothing in this Agreement shall in any way limit the right of the Board or the Adviser to establish or revise policies in connection with the management of a Fund\u2019s assets or to otherwise exercise its right to control the overall management of the Trust and each Fund. The Sub-Adviser acknowledges that the Board retains ultimate authority over each Fund and may take any and all actions necessary and reasonable to protect the interests of Fund shareholders.", "samples": [{"hash": "lEiJI9GtwdZ", "uri": "/contracts/lEiJI9GtwdZ#sub-advisory-services", "label": "Interim Investment Sub Advisory Agreement (EA Series Trust)", "score": 34.2334022522, "published": true}, {"hash": "5XCmZHE6qeJ", "uri": "/contracts/5XCmZHE6qeJ#sub-advisory-services", "label": "Investment Sub Advisory Agreement (EA Series Trust)", "score": 34.2334022522, "published": true}, {"hash": "dHCYzZYWLtp", "uri": "/contracts/dHCYzZYWLtp#sub-advisory-services", "label": "Investment Sub Advisory Agreement (EA Series Trust)", "score": 33.4832305908, "published": true}], "size": 38, "hash": "06339efa317444b40b9b7426b6908164", "id": 8}, {"snippet_links": [{"key": "subject-to-the", "type": "clause", "offset": [0, 14]}, {"key": "the-company-and-the", "type": "clause", "offset": [56, 75]}, 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[3178, 3193]}, {"key": "special-reports", "type": "clause", "offset": [3233, 3248]}, {"key": "proprietary-information-of-the-company", "type": "definition", "offset": [3307, 3345]}, {"key": "records-and-other-information", "type": "clause", "offset": [3350, 3379]}, {"key": "records-and-information", "type": "clause", "offset": [3472, 3495]}, {"key": "responsibilities-and-duties", "type": "clause", "offset": [3542, 3569]}, {"key": "notification-to", "type": "clause", "offset": [3600, 3615]}, {"key": "approval-in-writing", "type": "definition", "offset": [3620, 3639]}, {"key": "exposed-to", "type": "definition", "offset": [3749, 3759]}, {"key": "failure-to-comply", "type": "definition", "offset": [3803, 3820]}, {"key": "such-information", "type": "definition", "offset": [3848, 3864]}, {"key": "duly-constituted", "type": "clause", "offset": [3868, 3884]}, {"key": "requested-by", "type": "definition", "offset": [3909, 3921]}, {"key": "nothing-contained", "type": "clause", "offset": [3935, 3952]}, {"key": "the-public", "type": "clause", "offset": [4022, 4032]}, {"key": "other-products-or-services", "type": "clause", "offset": [4059, 4085]}, {"key": "shareholders-of-the-company", "type": "clause", "offset": [4184, 4211]}], "snippet": "Subject to the supervision of the Board of Directors of the Company and the oversight of the Managing Investment Adviser, at the request of the Managing Investment Adviser, USTNA will provide a continuous investment program for the Company, including investment research and management with respect to all securities and investments of the Company. At the request of the Managing Investment Adviser, USTNA will determine what securities and other investments will be purchased, retained or sold by the Company. At the request of the Managing Investment Adviser, USTNA will perform any or all of the other duties of the Managing Investment Adviser under the Investment Advisory Agreement. USTNA will provide the services rendered by it hereunder in accordance with the Company's investment objectives and policies as stated in the Prospectus, the Company's policies and procedures and the requirements applicable to the Managing Investment Adviser under the Investment Advisory Agreement. USTNA further agrees that it:\n(a) will conform with all applicable rules and regulations of the Securities and Exchange Commission, and will in addition conduct its activities under this Agreement in accordance with applicable law, including but not limited to applicable banking law;\n(b) will not make loans for the purpose of purchasing or carrying Company Shares, or make loans to the Company;\n(c) will place orders pursuant to its investment determinations for the Company either directly with the issuer or with any broker or dealer selected by it. In placing orders with brokers and/or dealers, USTNA shall use its best efforts to obtain the most favorable execution of its orders, after taking into account all factors it deems relevant, including the breadth of the market in the security, the price of the security, the financial condition and execution capability of the broker and/or dealer, and the reasonableness of the commission, if any, both for the specific transaction and on a continuing basis. Consistent with this obligation, USTNA may, to the extent permitted by law, purchase and sell portfolio securities to and from brokers who provide brokerage and research services (within the meaning of Section 28(e) of the Exchange Act) to or for the benefit of the Company and/or other accounts over which USTNA or any of its affiliates exercises investment discretion. USTNA is authorized to pay to a broker who provides such brokerage and research services a commission for effecting a securities transaction which is in excess of the amount of commission another broker would have charged for effecting that transaction if USTNA determines in good faith that such commission was reasonable in relation to the value of the brokerage and research services provided by such broker. This determination may be viewed in terms of either that particular transaction or of the overall responsibilities of USTNA with respect to the accounts as to which it exercises investment discretion;\n(d) will maintain books and records with respect to the securities and other investment transactions entered into pursuant to this Agreement and will render to the Managing Investment Adviser and the Company's Board of Directors such periodic and special reports as they may request;\n(e) will treat confidentially and as proprietary information of the Company all records and other information relative to the Company and prior, present or potential shareholders, and will not use such records and information for any purpose other than performance of its responsibilities and duties hereunder, except after prior notification to and approval in writing by the Company, which approval shall not be unreasonably withheld and may not be withheld where USTNA may be exposed to civil or criminal contempt proceedings for failure to comply, when requested to divulge such information by duly constituted authorities, or when so requested by the Company. Nothing contained herein, however, shall prohibit USTNA from advertising or soliciting the public generally with respect to other products or services, regardless of whether such advertisement or solicitation may include prior, present or potential shareholders of the Company.", "samples": [{"hash": "i3QP8frO2uj", "uri": "/contracts/i3QP8frO2uj#sub-advisory-services", "label": "Investment Sub Advisory Agreement (Ust Private Equity Investors Fund Inc)", "score": 18.0, "published": true}, {"hash": "9ClOIigbOq4", "uri": "/contracts/9ClOIigbOq4#sub-advisory-services", "label": "Investment Sub Advisory Agreement (Excelsior Private Equity Fund Ii Inc)", "score": 18.0, "published": true}], "size": 18, "hash": "35a43da6ad873e14c3f1aa1d46b5f3e5", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih5zdWItYWR2aXNvcnktc2VydmljZXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["confidentiality", "Confidentiality"], ["reporting", "Reporting"], ["license-fees", "License Fees"], ["termination-use-of-printed-materials", "Termination Use of Printed Materials"], ["index-data", "Index Data"]], "title": "Sub-Advisory Services", "parents": [["definitions-interpretation", "Definitions Interpretation"], ["duties-of-sub-adviser", "Duties of Sub Adviser"], ["counterparts", "Counterparts"], ["general", "General"], ["exclusions", "Exclusions"]], "size": 1178, "id": "sub-advisory-services", "related": [["advisory-services", "Advisory Services", "Advisory Services"], ["investment-sub-advisory-services", "Investment Sub-Advisory Services", "Investment <strong>Sub-Advisory Services</strong>"], ["subadvisory-services", "Subadvisory Services", "Subadvisory Services"], ["investment-advisory-services", "Investment Advisory Services", "Investment Advisory Services"], ["non-investment-advisory-services", "Non-Investment Advisory Services", "Non-Investment Advisory Services"]], "related_snippets": [], "updated": "2026-06-28T07:51:00+00:00", "also_ask": ["What are the essential performance standards and reporting requirements to include for sub-advisors?", "How can liability and indemnification be balanced between advisor and sub-advisor?", "What termination rights and transition provisions are critical to mitigate service disruption risks?", "How do sub-advisory clauses differ across jurisdictions or regulatory regimes?", "What factors most influence a court\u2019s enforcement of sub-advisory obligations and fee arrangements?"], "drafting_tip": "Specify the scope of sub-advisory services to prevent misunderstandings; identify the parties and their roles to ensure accountability; outline performance standards to facilitate enforceability.", "explanation": "The sub-advisory services clause defines the arrangement under which a primary advisor delegates certain advisory responsibilities to a third-party sub-advisor. Typically, this clause outlines the scope of services the sub-advisor will provide, the standards they must meet, and the reporting or oversight mechanisms in place. For example, a fund manager may engage a specialist firm to manage a specific asset class or investment strategy on behalf of the fund. The core function of this clause is to formalize the delegation of duties, ensuring that all parties understand their roles and responsibilities, and to maintain accountability and compliance within the advisory relationship."}, "json": true, "cursor": ""}}