SERVICES TO BE RENDERED BY THE SUB Sample Clauses
The 'Services to be Rendered by the Sub' clause defines the specific tasks, duties, or deliverables that the subcontractor is responsible for providing under the agreement. It typically outlines the scope of work, including timelines, standards, and any particular requirements the subcontractor must meet, such as providing certain materials or adhering to project specifications. This clause ensures both parties have a clear understanding of the subcontractor’s obligations, reducing the risk of disputes over performance or expectations.
SERVICES TO BE RENDERED BY THE SUB. ADVISER TO THE TRUSTS AND THE FUNDS
a. Subject always to the direction and control of the Trustees of each Trust, the Sub-adviser shall have investment discretion over the assets of each Fund and will manage the investments and determine the composition of these assets in accordance with the applicable Trust's registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of each Fund, the Sub-adviser will:
i. obtain and evaluate pertinent economic, statistical, financial and other information affecting the economy generally and individual companies or industries the securities of which are included in a Fund's portfolio or are under consideration for inclusion in a Fund's portfolio;
ii. formulate and implement a continuous investment program for each Fund that is consistent with the investment objectives and related investment policies for such Fund as described in the applicable Trust's registration statement, as amended, copies of which shall be furnished to the Sub-adviser promptly upon amendment;
iii. take whatever steps are necessary to implement these investment programs by the purchase and sale of securities, including the placing of orders for such purchases and sales;
iv. regularly report to the Trustees of each Trust and to the Adviser with respect to the implementation of these investment programs; and
v. provide assistance to each Trust's custodian regarding the fair value of securities held by each Fund for which market quotations are not readily available.
b. The Sub-adviser, at its expense, will furnish all necessary investment and management facilities, including salaries of personnel required for it to execute its duties faithfully.
c. The Sub-adviser will select brokers and dealers to effect all transactions subject to the following conditions: The Sub-adviser will place all necessary orders with brokers, dealers, or issuers and will negotiate brokerage commissions, if applicable. The Sub-adviser is directed at all times to seek to execute brokerage transactions for each Fund in accordance with such policies or practices as may be established by the Trustees and described in the applicable Trust's registration statement, as amended, and consistent with its fiduciary obligation to seek best execution. Subject to policies established from time to time by the Board of Trustees of the Trusts, the Sub-adviser may pay a broker-dealer which provides research and brokerage services a h...
SERVICES TO BE RENDERED BY THE SUB. ADVISER TO THE TRUST
A. As investment adviser to each Portfolio, the Sub-Adviser will coordinate the investment and reinvestment of the assets of the Portfolio and determine the composition of the assets of the Portfolio, subject always to the supervision and control of the Adviser and the Trustees of the Trust.
B. As part of the services it will provide hereunder, the Sub-Adviser will:
(i) obtain and evaluate, to the extent deemed necessary and advisable by the Sub-Adviser in its discretion, pertinent economic, statistical, financial, and other information affecting the economy generally and individual companies or industries, the securities of which are included in the Portfolio or are under consideration for inclusion in the Portfolio;
(ii) formulate and implement a continuous investment program for the Portfolio;
(iii) take whatever steps are necessary to implement the investment program for the Portfolio by arranging for the purchase and sale of securities and other investments, including issuing directives to the administrator of the Trust as necessary for the appropriate implementation of the investment program of the Portfolio;
(iv) keep the Trustees of the Trust and the Adviser fully informed in writing on an ongoing basis as agreed by the Adviser and the Sub-Adviser of all material facts concerning the investment and reinvestment of the assets in the Portfolio, the Sub-Adviser and its key investment personnel and operations, make regular and periodic special written reports of such additional information concerning the same as may reasonably be requested from time to time by the Adviser or the Trustees of the Trust and the Sub-Adviser will attend meetings with the Adviser and/or the Trustees, as reasonably requested, to discuss the foregoing;
(v) in accordance with procedures and methods established by the Trustees of the Trust, which may be amended from time to time, provide assistance in determining the fair value of all securities and other investments/assets in the Portfolio, as necessary, and use reasonable efforts to arrange for the provision of valuation information or a price(s) from a party(ies) independent of the Sub-Adviser for each security or other investment/asset in the Portfolio for which market prices are not readily available, in each case at the reasonable request of the Adviser or the Trustees;
(vi) provide at the reasonable request of the Adviser or the Trustees any and all material composite performance information, records ...
SERVICES TO BE RENDERED BY THE SUB. ADVISER TO THE TRUST
A. As sub-adviser to each Fund, the Sub-Adviser will coordinate the investment and reinvestment of the assets of the Fund Account and determine the composition of the assets of the Fund Account, in accordance with the terms of this Agreement, a Fund’s Prospectus and Statement of Additional Information, as currently in effect and as amended or supplemented from time to time, and subject to the direction, supervision and control of the Investment Adviser and the Trustees of the Trust. The Sub-Adviser shall initially determine the identity and number of securities in the Fund Account that will be applicable that day to redemption requests received for the Fund as may be necessary as a result of rebalancing adjustments and corporate action events (and may give directions to the Trust’s custodian with respect to such designations). Prior to the commencement of the Sub-Adviser’s services hereunder, the Investment Adviser shall provide the Sub-Adviser with current copies of the Fund’s Prospectus and Statement of Additional Information. The Investment Adviser undertakes to provide the Sub-Adviser with copies or other written notice of any amendments, modifications or supplements to the Fund’s Prospectus and Statement of Additional Information and the Sub-Adviser will not need to comply until a copy has been provided to the Sub-Adviser. In connection with any swap (as defined in the Commodity Exchange Act of 1936, as amended, and the rules and regulations promulgated by the Commodity Futures Exchange Commission thereunder) trading activity that the Sub-Adviser may conduct as agent for, and on behalf of, the Fund in respect of the Fund Account, the Investment Adviser agrees to (i) provide any form, certification or other information reasonably requested by and acceptable to the Sub-Adviser that is necessary for the Sub-Adviser to comply with applicable regulatory requirements and (ii) update or replace such form, certification or information as Sub-Adviser deems necessary. In addition, the Investment Adviser agrees that the Sub-Adviser may enter into any other contracts, agreements and undertakings as may in the Sub-Adviser’s opinion be reasonably necessary or advisable to amend existing swap documentation or enter into new swap documentation to facilitate compliance with applicable regulatory requirements. The Investment Adviser acknowledges and agrees that any failure to provide such certification or other information may prevent the Sub-Advis...
SERVICES TO BE RENDERED BY THE SUB. ADVISER TO THE TRUST.
SERVICES TO BE RENDERED BY THE SUB. ADVISER
(a) As investment sub-adviser to the Fund, the Sub-Adviser will manage the investment and reinvestment of the portion of the Fund's assets that are allocated from time to time by the Adviser to the Sub-Adviser's management (the "Sub-Advised Assets") and determine the composition of the Sub-Advised Assets, subject always to the supervision and control of the Adviser and the Trustees. In determining the portion of the Fund's assets to be allocated to the Sub-Adviser, the Adviser may consider a variety of factors including, but not limited to, the composition of certain broad-based market indices and global economic and market conditions. The portion of the Fund's total assets that shall constitute the Sub-Advised Assets shall be determined from time to time by the Adviser in its sole discretion. In selecting the Sub-Advised Assets and performing the Sub-Adviser's obligations hereunder, the Sub-Adviser shall comply with the provisions of the Fund's Agreement and Declaration of Trust (the "Declaration of Trust") and By-laws, the 1940 Act, Advisers Act, and the investment objective, policies and restrictions of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's then current Prospectus and
SERVICES TO BE RENDERED BY THE SUB. ADVISER TO THE TRUST
a. Subject to the supervision of the Trust’s Board of Trustees (the “Board”), the Sub-Adviser will manage the investments and determine the composition of the assets of the Trust on a discretionary basis and provide the services under this Agreement in accordance with the Trust’s investment objective or objectives, policies, and restrictions as stated in the Trust’s Registration Statement filed with the Securities and Exchange Commission (“SEC”), as amended (the “Registration Statement”), copies of which shall be sent to the Sub-Adviser by the Adviser prior to the commencement of this Agreement and promptly following any such amendment or as subsequently amended in writing. The Sub-Adviser will not be responsible for the Trust’s covered call option strategy. Subject to approval of the Board and notice to the Sub-Adviser, the Adviser or any of its affiliates retains complete authority immediately to assume direct responsibility for any function delegated to the Sub-Adviser under this Agreement. The Adviser and the Sub-Adviser further agree in fulfilling its obligations, the Sub-Adviser will:
i. obtain and evaluate pertinent economic, statistical, financial and other information affecting individual companies or industries the securities of which are included in the Trust’s portfolio or are under consideration for inclusion in the Trust’s portfolio;
ii. formulate and implement a continuous investment program for the Trust consistent with the Sub-Adviser’s investment strategy and the specific investment objectives and related investment policies for the Trust as described in the Trust’s registration statement, as amended, or as subsequently amended in writing;
iii. take whatever steps Sub-Adviser deems necessary or advisable in order to implement these investment programs by the purchase and sale of securities including the placing of orders for such purchases and sales;
iv. regularly report to the Trustees of the Trust with respect to the implementation of these investment programs; and
v. provide assistance to the Trust’s Custodian regarding the fair value of securities held by the Trust for which market quotations are not readily available.
b. The Sub-Adviser, at its expense, will furnish: i all necessary investment and management facilities, including salaries of personnel required for it to execute its duties faithfully; and
SERVICES TO BE RENDERED BY THE SUB. ADVISER TO THE TRUST
A. As adviser to each Fund, the Sub-Adviser will coordinate the investment and reinvestment of the assets of the Fund and determine the composition of the assets of the Fund, in accordance with the terms of this Agreement, the Fund's Prospectus and Statement of Additional Information and subject to the direction, supervision and control of the Investment Adviser and the Trustees of the Trust.
B. As part of the services it will provide hereunder, the Sub-Adviser will: (i) formulate and implement a continuous investment program and portfolio management compliance and reporting program for each Fund;
SERVICES TO BE RENDERED BY THE SUB. ADVISER TO THE TRUST
A. The Portfolio is a wholly-owned subsidiary of the Fund. The Fund is will achieve its investment objective through the investments that the Sub-Adviser makes on behalf of the Portfolio. As adviser to the Portfolio, the Sub-Adviser will coordinate the investment and reinvestment of the assets of the Portfolio and determine the composition of the assets of the Portfolio, in accordance with the terms of this Agreement, the Fund's Prospectus and Statement of Additional Information and subject to the direction, supervision and control of the Investment Adviser and the Directors of the Portfolio.
B. As part of the services it will provide hereunder, the Sub-Adviser will: (i) formulate and implement a continuous investment program and portfolio management compliance and reporting program for the Portfolio, such programs to be identical to the programs utilized by the Sub-Adviser for the Fund;
SERVICES TO BE RENDERED BY THE SUB. ADVISER TO THE CORPORATION
A. As sub-adviser to each Fund, the Sub-Adviser will consult with the Investment Advisor on the portfolio of securities and provide oversight over BNY, such oversight to include review of the portfolio of securities of each Fund in accordance with the terms of the Funds' prospectuses and statements of additional information, assistance in the resolution of any pricing issues and assistance in the development of trading strategies. Services performed by the Sub-Adviser are subject to the direction, supervision and control of the Investment Adviser and the Directors of the Corporation.
B. As part of the services it will provide hereunder, the Sub-Adviser will: (i) regularly monitor the portfolio of the Fund in comparison with its Underlying Index and work with and supervise BNY to seek to obtain the tracking error of the Fund to its Underlying Index as set forth by the Corporation from time to time;