Advisory or Management Contracts. Subject to approval by a Majority Shareholder Vote to the extent required by the 1940 Act, the Trust may from time to time enter into investment advisory or management contracts with one or more other Persons (the “Investment Advisers”) pursuant to which the Investment Adviser or Advisers shall agree to furnish to the Trust (or cause the Trust to be furnished) management, investment advisory or subadvisory, statistical and research facilities or other services. Such contract shall contain such other terms and conditions, if any, as may be prescribed in the By-Laws and such further terms and conditions not inconsistent with the provisions of this Article IV, the By-Laws or applicable law as the Trustees may in their discretion determine, including the grant of authority to the Investment Adviser to determine what securities shall be purchased or sold by the Trust and what portion of its assets shall be uninvested and to implement such determinations by making changes in the Trust’s investments.
Appears in 9 contracts
Sources: Agreement and Declaration of Trust (Carlyle AlpInvest Private Markets Secondaries Fund), Second Amended and Restated Agreement and Declaration of Trust (Private Debt & Income Fund), Second Amended and Restated Agreement and Declaration of Trust (Private Debt & Income Fund)
Advisory or Management Contracts. Subject to approval by a Majority Shareholder Vote or, where appropriate pursuant to the extent required by the 1940 ActSection 5.11 hereof, a Series Majority Shareholder Vote, the Trust may from time to time enter into investment advisory or management contracts with one or more other Persons (the “"Investment Advisers”") pursuant to which the Investment Adviser or Advisers shall agree to furnish to the Trust (or cause the Trust to be furnished) management, investment advisory or subadvisoryadvisory, statistical and research facilities or other servicesservices with respect to one or more Series of the Trust. Such contract shall contain such other terms and conditions, if any, as may be prescribed in the By-Laws and such further terms and conditions not inconsistent with the provisions of this Article IVIII, the By-Laws or applicable law as the Trustees may in their discretion determine, including the grant of authority to the Investment Adviser to determine what securities shall be purchased or sold by the Trust each such Series and what portion of its assets shall be uninvested and to implement such determinations by making changes in the Trust’s Series' investments.
Appears in 2 contracts
Sources: Declaration and Agreement of Trust (Lord Abbett Investment Trust), Declaration and Agreement of Trust (Lord Abbett Tax Free Income Trust)