Common use of REPRESENTATION OF OTHER CLIENTS Clause in Contracts

REPRESENTATION OF OTHER CLIENTS. The services provided by the Subadviser under this Agreement are not to be deemed exclusive and the Subadviser shall be free to render similar services to others so long as its services hereunder are not impaired thereby. It is understood that officers, directors and employees of the Subadviser or its affiliates may continue to engage in providing portfolio management services and advice to other investment companies, whether or not registered, to other investment advisory clients of the Subadviser or its affiliates and to said affiliates themselves. For purposes of clarification, nothing in this Section 10 shall, in any way, alter or reduce the Subadviser’s fiduciary duties and obligations to the Portfolios or its covenants and obligations under any Non-Competition and Non-Solicitation Agreement or similar agreement, between the Adviser and the Subadviser, then in effect.