Sub-Managers definition
Examples of Sub-Managers in a sentence
With respect to each of ▇▇▇▇▇▇ High Income Securities Fund, ▇▇▇▇▇▇ Master Intermediate Income Trust and ▇▇▇▇▇▇ Premier Income Trust, the Manager will pay to the SubManager as compensation for the SubManagers services rendered, a fee, computed and paid quarterly at the annual rate of 0.40% of Average Weekly Assets in Allocated Sleeves.
The Manager and any Fund may also request a statement describing its rights to compensation in the event of the SubManagers inability to meet its liabilities.
With respect to each of ▇▇▇▇▇▇ High Income Securities Fund, ▇▇▇▇▇▇ Master Intermediate Income Trust and ▇▇▇▇▇▇ Premier Income Trust, the Manager will pay to the Sub-Manager as compensation for the Sub-Managers services rendered, a fee, computed and paid quarterly at the annual rate of 0.40% of Average Weekly Assets in Allocated Sleeves.
The Manager and any Fund may also request a statement describing its rights to compensation in the event of the Sub-Managers inability to meet its liabilities.
For the avoidance of doubt, nothing in this Schedule shall affect the provisions of the Agreement pursuant to which any Sub-Manager Fees (subject to the requirements of the Investment Guidelines) shall be payable out of the assets managed by such Sub-Managers, which are in addition to any Management Fees payable hereunder.
The Manager and any Fund may also request a statement describing its rights to compensation in the event of the Sub-Manager's inability to meet its liabilities.
The Property Manager may at its own expense utilize agents or attorneys-in-fact, including Sub-Managers, in performing any of its obligations under this Article IV, but no such utilization shall relieve the Property Manager from any of such obligations, and the Property Manager shall remain responsible for all acts and omissions of any such agent or attorney-in-fact.
Except as otherwise provided in Section 3(a), any fees and other remuneration payable to Sub-Managers (the “Sub-Manager Fees”) will be payable out of the assets managed by such Sub-Managers.
The Manager may carry out any of its obligations under this Agreement (other than under Section 2(b) hereof) by employing, subject to supervision by the Manager, one or more Sub-Manager(s) who are registered as investment advisers pursuant to the Investment Advisers Act of 1940 ("Sub-Advisers").
The Manager may carry out any of its obligations under this Agreement (other than under Section 2(b) hereof) by employing, subject to supervision by the Manager, one or more Sub-Manager(s) who are registered as investment advisers pursuant to the Investment Advisers Act of 1940 (“Sub-Advisers”).