Subadvisers. Subject to the prior approval of a majority of the members of the Board of Trustees, including a majority of the Board of Trustees who are not “interested persons” and, to the extent required by applicable law, by the shareholders of the Fund, the Adviser may, through a subadvisory agreement or other arrangement, delegate to a subadviser any of the duties enumerated in this Agreement, including the management of all or a portion of the assets being managed hereby. Subject to the prior approval of a majority of the members of the Board of Trustees, including a majority of the members of the Board of Trustees who are not “interested persons” and, to the extent required by applicable law, by the shareholders of the Fund, the Adviser may adjust such duties, the portion of assets being managed, and the fees to be paid by the Adviser; provided that, in each case, the Adviser shall continue to oversee the services provided by such company or employees and any such delegation shall not relieve the Adviser of any of its obligations hereunder.
Appears in 14 contracts
Sources: Investment Advisory Agreement (CAZ GP Stakes Growth Fund), Investment Advisory Agreement (USVC Venture Capital Access Fund), Investment Advisory Agreement (CAZ GP Stakes Fund)
Subadvisers. Subject to the prior approval of a majority of the members of the Board of TrusteesDirectors, including a majority of the Board of Trustees Directors who are not “interested persons” and, to the extent required by applicable law, by the shareholders stockholders of the FundCompany, the Adviser may, through a subadvisory agreement or other arrangement, delegate to a subadviser any of the duties enumerated in this Agreement, including the management of all or a portion of the assets being managed hereby. Subject to the prior approval of a majority of the members of the Board of TrusteesDirectors, including a majority of the members of the Board of Trustees Directors who are not “interested persons” and, to the extent required by applicable law, by the shareholders stockholders of the FundCompany, the Adviser may adjust such duties, the portion of assets being managed, and the fees to be paid by the Adviser; provided that, in each case, the Adviser shall continue to oversee the services provided by such company or employees and any such delegation shall not relieve the Adviser of any of its obligations hereunder.
Appears in 11 contracts
Sources: Investment Advisory Agreement (Pearl Diver Credit Co Inc.), Investment Advisory Agreement (Sound Point Meridian Capital, Inc.), Investment Advisory Agreement (Sound Point Meridian Capital, Inc.)