Common use of Regulatory Investigations Clause in Contracts

Regulatory Investigations. Each of the General Partner and the Subadvisors, as applicable, shall promptly notify UST and SIGTARP of (a) the commencement of any formal investigation (other than routine or sweep investigations) of which the General Partner or such Subadvisor becomes aware by the SEC or any other regulatory or administrative body with authority over any Relevant Person or Secondary Person, in connection with such Secondary Person’s activities related to the Partnership, that involves an allegation of a material violation of law by such Relevant Person or Secondary Person, as applicable, and (b) the outcome, when resolved, of any such investigation.