Common use of Subadviser Compliance Responsibilities Clause in Contracts

Subadviser Compliance Responsibilities. The Subadviser and the Adviser acknowledge that the Subadviser is not the compliance agent for the Company, and does not have access to all of the Trust’s books and records necessary to perform certain compliance testing. However, to the extent that the Subadviser has agreed to perform the services specified in this Agreement, the Subadviser shall perform (i) compliance monitoring designed to ensure compliance as set forth in Section 2A and (ii) periodic compliance testing with respect to the Subadviser Assets as it deems appropriate, based upon information in its possession. The Adviser shall promptly provide the Subadviser with complete and accurate copies of the Memorandum and Articles, the Trust’s Declaration of Trust and By-Laws, the Prospectus, the Guidelines and any written policies or procedures adopted by the Board and currently in effect applicable to the Subadviser Assets, and shall provide the Subadviser with any amendments or revisions thereto reasonably in advance of such adoptions, amendments or revisions taking effect. Subadviser shall supply such reports or other documentation as reasonably requested from time to time by the Adviser to evidence Subadviser’s compliance with the policies or procedures described in this paragraph.

Subadviser Compliance Responsibilities. The Subadviser and the Adviser acknowledge that the Subadviser is not the compliance agent for the CompanyFund, and does not have access to all of the Trust’s books and records necessary to perform certain compliance testing. However, to the extent that the Subadviser has agreed to perform the services specified in this Agreement, the Subadviser shall perform (i) compliance monitoring designed to ensure compliance as set forth in Section 2A and (ii) periodic compliance testing with respect to the Subadviser Assets based upon the Subadviser’s books and records in its possession and upon information and written instructions received from the Adviser or the Trust’s Administrator and shall not be held in breach of this Agreement so long as it deems appropriate, based upon information performs in its possessionaccordance with the Subadviser’s books and records and instructions. The Adviser or Trust’s Administrator shall promptly provide the Subadviser with complete and accurate copies of the Memorandum and Articles, the Trust’s Declaration of Trust and Trust, By-Laws, the Prospectus, the Guidelines current Prospectus and any written policies or procedures adopted by the Board and currently in effect applicable to the Subadviser Assets, Assets and shall provide the Subadviser with any amendments or revisions thereto reasonably in advance of such adoptions, amendments or revisions taking effectthereto. Subadviser shall supply such reports or other documentation as reasonably requested from time to time by the Adviser to evidence Subadviser’s compliance with the such Prospectus, policies or procedures described in this paragraphprocedures.

Subadviser Compliance Responsibilities. The Subadviser and the Adviser acknowledge that the Subadviser is not the compliance agent for the CompanyFund, and does not have access to all of the Trust’s books and records necessary to perform certain compliance testing. However, to the extent that the Subadviser has agreed to perform the services specified in this Agreement, the Subadviser shall perform (i) compliance monitoring designed to ensure compliance as set forth in Section 2A and (ii) periodic compliance testing with respect to the Subadviser Assets as it deems appropriate, based upon information in its possession. The Adviser or the Administrator shall promptly provide the Subadviser with complete and accurate copies of the Memorandum and Articles, the Trust’s Declaration of Trust and Trust, By-Laws, the current Prospectus, the Guidelines and any written policies or procedures adopted by the Board and currently in effect applicable to the Subadviser Assets, and shall provide the Subadviser with any amendments or revisions thereto reasonably in advance of such adoptions, amendments or revisions taking effect. Subadviser shall supply such reports or other documentation as reasonably requested from time to time by the Adviser to evidence Subadviser’s compliance with the such Prospectus, policies or procedures described in this paragraphprocedures.