Common use of Delegation of Services Clause in Contracts

Delegation of Services. Subject to the requisite approval of a Fund’s shareholders, the Adviser may, at its expense, select and contract with one or more investment advisers registered under the Investment Advisers Act of 1940 (“Sub-Advisers”) to perform some or all of the services for the Fund for which it is responsible under this Agreement. The Adviser will compensate any Sub-Adviser for its services to the Fund. The Adviser may terminate the services of any Sub-Adviser at any time in its sole discretion, and shall at such time assume the responsibilities of such Sub-Adviser unless and until a successor Sub-Adviser is selected and the requisite approval of the Fund’s shareholders is obtained. The Adviser will continue to have responsibility for all advisory services furnished by any Sub-Adviser.

Delegation of Services. Subject to the requisite approval of a Fund’s shareholders, 's shareholders the Adviser Advisor may, at its expense, select and contract with one or more investment advisers registered under the Investment Advisers Act of 1940 (“"Sub-Advisers”Advisors") to perform some or all of the services for the Fund for which it is responsible under this Agreement. The Adviser Advisor will compensate any Sub-Adviser Advisor for its services to the Fund. The Adviser Advisor may terminate the services of any Sub-Adviser Advisor at any time in its sole discretion, and shall at such time assume the responsibilities of such Sub-Adviser Advisor unless and until a successor Sub-Adviser Advisor is selected and the requisite approval of the Fund’s 's shareholders is obtained. The Adviser Advisor will continue to have responsibility for all advisory services furnished by any Sub-AdviserAdvisor.

Delegation of Services. Subject to the requisite approval of a Fund’s 's shareholders, the Adviser may, at its expense, select and contract with one or more investment advisers registered under the Investment Advisers Act of 1940 (“"Sub-Advisers”") to perform some or all of the services for the Fund for which it is responsible under this Agreement. The Adviser will compensate any Sub-Adviser for its services to the Fund. The Adviser may terminate the services of any Sub-Adviser at any time in its sole discretion, and shall at such time assume the responsibilities of such Sub-Adviser unless and until a successor Sub-Adviser is selected and the requisite approval of the Fund’s 's shareholders is obtained. The Adviser will continue to have responsibility for all advisory services furnished by any Sub-Adviser.