Common use of Valuation of Sub-Advisor Assets Clause in Contracts

Valuation of Sub-Advisor Assets. The Sub-Advisor agrees to monitor the Sub-Advisor Assets and to notify the Advisor or its designee on any day that the Sub-Advisor determines that a significant event has occurred with respect to one or more securities held in the Sub-Advisor Assets. As may be reasonably requested by the Advisor or the Trust’s Valuation Committee, the Sub-Advisor hereby agrees to provide additional assistance to the Valuation Committee of the Trust, the Advisor and the Trust’s pricing agents in valuing Sub-Advisor Assets held in the portfolio. Such assistance may include assistance with fair value pricing of portfolio securities, as reasonably requested by the Advisor. Advisor acknowledges that Sub-Advisor’s process for providing fair value pricing to its subadvisory relationships occasionally extends beyond Advisor’s standard pricing timeframe and further acknowledges that the Sub-Advisor is not responsible for the net asset value calculation of the Sub-Advisor assets.