Common use of Adviser's Duties Clause in Contracts

Adviser's Duties. AEFC shall continue to have responsibility for all other services to be provided to the Fund pursuant to the Advisory Agreement and shall oversee and review Subadvisor's performance of its duties under this Agreement. AEFC shall also retain direct portfolio management responsibility with respect to any assets of the Fund which are not allocated by it to the portfolio management of Subadvisor as provided in paragraph 1(a) hereof.

Appears in 15 contracts

Sources: Subadvisory Agreement (Axp Partners Series Inc), Subadvisory Agreement (Axp Variable Portfolio Partners Series Inc), Subadvisory Agreement (Axp Variable Portfolio Partners Series Inc)