Common use of Representations, Warranties and Covenants of the Sub-Adviser Clause in Contracts

Representations, Warranties and Covenants of the Sub-Adviser. The Sub-Adviser represents and warrants that it is registered as an investment adviser under the Advisers Act on the effective date of this Agreement as set forth in Section 11 herein, and covenants that it shall maintain such registration until the expiration or termination of this Agreement. The Sub-Adviser agrees that its activities shall at all times comply in all material respects with all applicable federal and state laws governing its operations and investments. The Sub-Adviser agrees to observe and comply with applicable provisions of the code of ethics adopted by the Company pursuant to Rule 17j-1 under the 1940 Act, as such code of ethics may be amended from time to time.

Representations, Warranties and Covenants of the Sub-Adviser. The Sub-Adviser represents and warrants that it is registered as an investment adviser under the Advisers Act on the effective date of this Agreement as set forth in Section 11 herein, and covenants that it shall maintain such registration until the expiration or termination of this Agreement. The Sub-Adviser agrees that its activities shall at all times comply in all material respects with all applicable federal and state laws governing its operations and investments. The Sub-Adviser agrees to observe and comply with applicable provisions of the code of ethics adopted by the Company pursuant to Rule 17j-1 under the 1940 Act, as such code of ethics may be amended from time to time.