Common use of Aggregated Transactions Clause in Contracts

Aggregated Transactions. The Subadviser also is authorized to aggregate purchase and sale orders for securities held (or to be held) in a Portfolio Segment with similar orders being made on the same day for other client accounts or portfolios that the Subadviser manages. When an order is so aggregated: (a) the actual prices applicable to the aggregated transaction will be averaged, and the Portfolio Segment and each other account or portfolio participating in the aggregated transaction shall be treated as having purchased or sold the Portfolio's portion of the securities at this average price; and (b) all transaction costs incurred in effecting the aggregated transaction shall be shared on a pro-rata basis among the accounts or portfolios (including the Portfolio Segment) participating in the transaction. When recommending or effecting a transaction in a particular security or investment for more than one client account or portfolio (including the Portfolio Segment), the Subadviser may allocate the recommendations or transactions among all accounts and portfolios for whom the recommendation is made or transaction is effected on a basis that the Subadviser considers equitable. The Adviser recognizes that in some cases this procedure may adversely affect the size of the position obtainable for a Portfolio Segment.

Aggregated Transactions. The Subadviser also is authorized to aggregate purchase and sale orders for securities held (or to be held) in a Portfolio Segment with similar orders being made on the same day for other client accounts or portfolios that the Subadviser manages. When an order is so aggregated: (a) the actual prices applicable to the aggregated transaction will be averaged, and the Portfolio Segment and each other account or portfolio participating in the aggregated transaction shall be treated as having purchased or sold the that Portfolio's portion of the securities at this average price; and (b) all transaction costs incurred in effecting the aggregated transaction shall be shared on a pro-rata basis among the accounts or portfolios (including the Portfolio Segment) participating in the transaction. When recommending or effecting a transaction in a particular security or investment for more than one client account or portfolio (including the Portfolio Segment), the Subadviser may allocate the recommendations or transactions among all accounts and portfolios for whom the recommendation is made or transaction is effected on a basis that the Subadviser considers equitable. The Adviser recognizes that in some cases this procedure may adversely affect the size of the position obtainable for a Portfolio Segment.

Aggregated Transactions. The Subadviser also is authorized to aggregate purchase and sale orders for securities held (or to be held) in a Portfolio Segment with similar orders being made on the same day for other client accounts or portfolios that the Subadviser manages. When an order is so aggregated: (a) the actual prices applicable to the aggregated transaction will be averaged, and the Portfolio Segment and each other account or portfolio participating in the aggregated transaction shall be treated as having purchased or sold in the Portfolio's portion of the securities at this average price; and (b) all transaction costs incurred in effecting the aggregated transaction shall be shared on a pro-rata basis among the accounts or portfolios (including the Portfolio Segment) participating in the transaction. When recommending or effecting a transaction in a particular security or investment for more than one client account or portfolio (including the Portfolio Segment), the Subadviser may allocate the recommendations or transactions among all accounts and portfolios for whom the recommendation is made or transaction is effected on a basis that the Subadviser considers equitable. The Adviser recognizes that in some cases this procedure may adversely affect the size of the position obtainable for a Portfolio Segment.

Aggregated Transactions. The Subadviser also is authorized to aggregate purchase and sale orders for securities held (or to be held) in a Portfolio Segment with similar orders being made on the same day for other client accounts or portfolios that the Subadviser manages. When an order is so aggregated: (a1) the actual prices applicable to the aggregated transaction will be averaged, and the Portfolio Segment and each other account or portfolio participating in the aggregated transaction shall be treated as having purchased or sold the PortfolioPortfolio Segment's portion of the securities at this average price; and (b2) all transaction costs incurred in effecting the aggregated transaction shall be shared on a pro-rata basis among the accounts or portfolios (including the Portfolio Segment) participating in the transaction. When recommending or effecting a transaction in a particular security or investment for more than one client account or portfolio (including the Portfolio Segment), the Subadviser may allocate the recommendations or transactions among all accounts and portfolios for whom the recommendation is made or transaction is effected on a basis that the Subadviser considers equitable. The Adviser recognizes that in some cases this procedure may adversely affect the size of the position obtainable for a Portfolio Segment.

Aggregated Transactions. The Subadviser also is authorized to aggregate purchase and sale orders for securities held (or to be held) in a Portfolio Segment with similar orders being made on the same day for other client accounts or portfolios that the Subadviser manages. When an order is so aggregated: (a1) the actual prices applicable to the aggregated transaction will be averaged, and the Portfolio Segment and each other account or portfolio participating in the aggregated transaction shall be treated as having purchased or sold the Portfolio's portion of the securities at this average price; and (b2) all transaction costs incurred in effecting the aggregated transaction shall be shared on a pro-rata basis among the accounts or portfolios (including the Portfolio Segment) participating in the transaction. When recommending or effecting a transaction in a particular security or investment for more than one client account or portfolio (including the Portfolio Segment), the Subadviser may allocate the recommendations or transactions among all accounts and portfolios for whom the recommendation is made or transaction is effected on a basis that the Subadviser considers equitable. The Adviser recognizes that in some cases this procedure may adversely affect the size of the position obtainable for a Portfolio Segment.

Aggregated Transactions. The Subadviser also is authorized to aggregate purchase and sale orders for securities held (or to be held) in a the Portfolio Segment with similar orders being made on the same day for other client accounts or portfolios that the Subadviser manages. When an order is so aggregated: (a) the actual prices applicable to the aggregated transaction will be averaged, and the Portfolio Segment and each other account or portfolio participating in the aggregated transaction shall be treated as having purchased or sold the Portfolio's portion of the securities at this average price; and (b) all transaction costs incurred in effecting the aggregated transaction shall be shared on a pro-rata basis among the accounts or portfolios (including the Portfolio Segment) participating in the transaction. When recommending or effecting a transaction in a particular security or investment for more than one client account or portfolio (including the Portfolio Segment), the Subadviser may allocate the recommendations or transactions among all accounts and portfolios for whom the recommendation is made or transaction is effected on a basis that the Subadviser considers equitable. The Adviser recognizes that in some cases this procedure may adversely affect the size of the position obtainable for a the Portfolio Segment.

Aggregated Transactions. The Subadviser also is authorized to aggregate purchase and sale orders for securities held (or to be held) in a Portfolio Segment with similar orders being made on the same day for other client accounts or portfolios that the Subadviser manages. When an order is so aggregated: (a) the actual prices applicable to the aggregated transaction will be averaged, averaged and the Portfolio Segment and each other account or portfolio participating in the aggregated transaction shall be treated as having purchased or sold the Portfolio's portion of the securities at this average price; , and (b) all transaction costs incurred in effecting the aggregated transaction shall be shared on a pro-rata basis among the accounts or portfolios (including the Portfolio Segment) participating in the transaction. When recommending or effecting a transaction in a particular security or investment for more than one client account or portfolio (including the Portfolio Segment), the Subadviser may allocate the recommendations or transactions among all accounts and portfolios for whom the recommendation is made or transaction is effected on a basis that the Subadviser considers equitable. The Adviser recognizes that in some cases this procedure may adversely affect the size of the position obtainable for a Portfolio Segment.

Aggregated Transactions. The Subadviser also is authorized to aggregate purchase and sale orders for securities held (or to be held) in a the Portfolio Segment with similar orders being made on the same day for other client accounts or portfolios that the Subadviser manages. When an order is so aggregated: (a1) the actual prices applicable to the aggregated transaction will be averaged, and the Portfolio Segment and each other account or portfolio participating in the aggregated transaction shall be treated as having purchased or sold the Portfolio's portion of the securities at this average price; and (b2) all transaction costs incurred in effecting the aggregated transaction shall be shared on a pro-rata basis among the accounts or portfolios (including the Portfolio Segment) participating in the transaction. When recommending or effecting a transaction in a particular security or investment for more than one client account or portfolio (including the Portfolio Segment), the Subadviser may allocate the recommendations or transactions among all accounts and portfolios for whom the recommendation is made or transaction is effected on a basis that the Subadviser considers equitable. The Adviser recognizes that in some cases this procedure may adversely affect the size of the position obtainable for a the Portfolio Segment.

Aggregated Transactions. The Subadviser also is authorized to aggregate purchase and sale orders for securities held (or to be held) in a Portfolio Segment with similar orders being made on the same day for other client accounts or portfolios that the Subadviser manages. When an order is so aggregated: (a) the actual prices applicable to the aggregated transaction will be averaged, and the Portfolio Segment and each other account or portfolio participating in the aggregated transaction shall be treated as having purchased or sold the PortfolioPortfolio Segment's portion of the securities at this average price; and (b) all transaction costs incurred in effecting the aggregated transaction shall be shared on a pro-rata basis among the accounts or portfolios (including the Portfolio Segment) participating in the transaction. When recommending or effecting a transaction in a particular security or investment for more than one client account or portfolio (including the Portfolio Segment), the Subadviser may allocate the recommendations or transactions among all accounts and portfolios for whom the recommendation is made or transaction is effected on a basis that the Subadviser considers equitable. The Adviser recognizes that in some cases this procedure may adversely affect the size of the position obtainable for a Portfolio Segment.

Aggregated Transactions. The Subadviser also is authorized to aggregate purchase and sale orders for securities held (or to be held) in a Portfolio Segment with similar orders being made on the same day for other client accounts or portfolios that the Subadviser manages. When an order is so aggregated: (a) the actual prices applicable to the aggregated transaction will be averaged, and the a Portfolio Segment and each other account or portfolio participating in the aggregated transaction shall be treated as having purchased or sold the Portfolio's portion of the securities at this average price; and (b) all transaction costs incurred in effecting the aggregated transaction shall be shared on a pro-rata basis among the accounts or portfolios (including the Portfolio Segment) participating in the transaction. When recommending or effecting a transaction in a particular security or investment for more than one client account or portfolio (including the a Portfolio Segment), the Subadviser may allocate the recommendations or transactions among all accounts and portfolios for whom the recommendation is made or transaction is effected on a basis that the Subadviser considers equitable. The Adviser recognizes that in some cases this procedure may adversely affect the a size of the position obtainable for a Portfolio Segment.