Sub-Manager definition

Sub-Manager. As defined in the Property Management Agreement.
Sub-Manager has the meaning set forth in Section 2.10.

Examples of Sub-Manager in a sentence

  • In the absence of willful misfeasance, bad faith or gross negligence on the part of the Sub-Manager, or reckless disregard of its obligations and duties hereunder, the Sub-Manager shall not be subject to any liability to the Manager, any Fund or to any shareholder of any Fund, for any act or omission in the course of, or connected with, rendering services hereunder.

  • Any complaint by the Manager or any Fund should be sent to the Compliance Officer of the Sub-Manager.

  • The Manager shall, in its sole discretion, determine which Funds will have an Allocated Sleeve and the amount of assets allocated from time to time to each such Allocated Sleeve; provided that, with respect to any Fund, the Trustees of such Fund must have approved the use of the Sub-Manager prior to the creation of an Allocated Sleeve for such Fund.

  • It is also understood that the Sub-Manager and any person controlled by or under common control with the Sub-Manager have and may have advisory, management, service or other contracts with other organizations and persons, and may have other interests and business.

  • It is understood that any of the shareholders, Trustees, officers and employees of a Fund may be a shareholder, director, officer or employee of, or be otherwise interested in, the Sub-Manager, and in any person controlled by or under common control with the Sub-Manager, and that the Sub-Manager and any person controlled by or under common control with the Sub-Manager may have an interest in such Fund.


More Definitions of Sub-Manager

Sub-Manager means any sub-manager appointed pursuant to the terms of the Management Agreement to provide Services thereunder, so long as the Manager remains primarily and directly liable for the performance of its obligations under the Management Agreement notwithstanding any such sub-managing arrangement.
Sub-Manager has the meaning set forth in Section 2(c) hereof.
Sub-Manager has the meaning set forth in the Preamble to this Agreement.
Sub-Manager shall have the meaning set forth in the Mortgage Loan Agreement.
Sub-Manager shall have the meaning set forth in the Preamble.
Sub-Manager means either: (1) a manager of a Stable Value Pooled Fund (but not other products or pooled funds) that accepts an investment of MSRP ICP assets by the ICP; or