Retain Counsel. The Sub-Advisor may retain counsel on behalf of the Manager or the Fund in the event of actual or threatened litigation or other proceedings potentially affecting any investment. Such retention of counsel shall be subject to the prior consent of the Manager, which consent shall not be unreasonably withheld. In the event that the Sub-Advisor believes that an attorney must be retained immediately or the interests of the Manager or the Fund will be compromised, the Sub-Advisor may retain any such attorney immediately and promptly thereafter seek approvals from the Manager.
Appears in 4 contracts
Samples: Principal European (Principal European Equity Fund Inc), Principal Pacific (Principal Pacific Basin Fund Inc), Advisory Agreement (Principal European Equity Fund Inc)
Retain Counsel. The Sub-Advisor may retain counsel on behalf of the Manager or the Fund in the event of actual or threatened litigation or other proceedings potentially affecting any investment. Such retention of counsel shall be subject to the prior consent of the Manager, which consent shall not be unreasonably withheld. In the event that the Sub-Advisor believes that an attorney must be retained immediately or the interests of the Manager or the Fund will be compromised, the Sub-Advisor may retain any such attorney immediately and promptly thereafter seek approvals approval from the Manager.
Appears in 2 contracts
Samples: Sub Advisory Agreement (Principal Investors Fund Inc), Sub Advisory Agreement (Principal Special Markets Fund Inc)
