CONSULTATION WITH OTHER SUB-ADVISERS. In performance of its duties and obligations under this Agreement, the Sub-Adviser shall not consult with any other sub-adviser to the Fund or a sub-adviser to a portfolio that is under common control with the Fund concerning transactions for the Fund, except as permitted by the Fund Procedures; provided that the Investment Manager has provided a list of such sub-advisers to the Sub-Adviser and will promptly provide any updates to such list to the Sub-Adviser. For the avoidance of doubt, the Sub-Adviser may consult with any other sub-adviser to the Fund or a sub-adviser to a portfolio that is under common control with the Fund on any and all transactions, or potential transactions, without providing any notice to the Investment Manager so long as such consultations do not concern transactions for the Fund in securities or other assets. The Sub-Adviser shall not provide investment advice to any assets of the Fund other than the Allocated Portion.
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Sources: Investment Sub Advisory Agreement (Cliffwater Corporate Lending Fund), Investment Sub Advisory Agreement (Cliffwater Corporate Lending Fund)
CONSULTATION WITH OTHER SUB-ADVISERS. In performance of its duties and obligations under this Agreement, the Sub-Adviser shall not consult with any other sub-adviser to the Fund or a sub-adviser to a portfolio that is under common control with the Fund concerning transactions for the Fund, except as permitted by the Fund Procedures; provided that the Investment Manager has provided a list of such sub-advisers to the Sub-Adviser and will promptly provide any updates to such list to the Sub-Adviser. For the avoidance of doubt, the Sub-Adviser may consult with any other sub-adviser to the Fund or a sub-adviser to a portfolio that is under common control with the Fund on any and all transactions, or potential transactions, without providing any notice to the Investment Manager so long as such consultations do not concern transactions for the Fund in securities or other assets. The Sub-Adviser shall not provide investment advice to any assets of the Fund other than the Allocated Portion. For the avoidance of doubt, this section does not limit the ability of the Sub-Adviser and the Investment Manager to consult and communicate with each other.
Appears in 1 contract
Sources: Investment Sub Advisory Agreement (U.S. Monthly Income Fund for Puerto Rico Residents, Inc.)