Common use of Aggregation of Transactions Clause in Contracts

Aggregation of Transactions. The Client authorizes the Adviser in its discretion to aggregate purchases and sales of securities for its Investment Account with purchases and sales of securities of the same issuer for other clients of the Adviser occurring on the same day. When transactions are so aggregated, the actual prices applicable to the aggregated transactions will be averaged, and the Investment Account and the accounts of other participating clients of the Adviser will be deemed to have purchased or sold their proportionate share of the securities involved at the average price so obtained.

Aggregation of Transactions. The Client authorizes the Adviser in its discretion to aggregate purchases and sales of securities for its the Investment Account with purchases and sales of securities of the same issuer for other clients of the Adviser occurring on the same day. When transactions are so aggregated, the actual prices applicable to the aggregated transactions will be averaged, and the Investment Account and the accounts of other participating clients of the Adviser will be deemed to have purchased or sold their proportionate share of the securities involved at the average price so obtained.

Aggregation of Transactions. The Client authorizes the Adviser in its discretion to aggregate purchases and sales of securities for its the Investment Account with purchases and sales of securities of the same issuer for other clients of the Adviser occurring on the same day. When transactions are so aggregated, the actual prices applicable to the aggregated transactions will be averaged, and the Investment Account and the accounts of other participating clients of the Adviser will be deemed to have been purchased or sold their proportionate share of the securities involved at the average price so obtained.

Aggregation of Transactions. The Client authorizes the Adviser in its discretion to aggregate purchases and sales of securities for its Investment the Account with purchases and sales of securities of the same issuer for other clients of the Adviser occurring on the same day. When transactions are so aggregated, the actual prices applicable to the aggregated transactions will be averaged, and the Investment Account and the accounts of other participating clients of the Adviser will be deemed to have purchased or sold their proportionate share of the securities involved at the average price so obtained.

Aggregation of Transactions. The Client authorizes the Adviser in its discretion to aggregate purchases and sales of securities for its the Investment Account with purchases and sales of securities of and the same issuer for 4 -4- other clients of the Adviser occurring on the same day. When transactions are so aggregated, the actual prices applicable to the aggregated transactions will be averaged, and the Investment Account and the accounts of other participating clients of the Adviser will be deemed to have purchased or sold their proportionate share of the securities involved at the average price so obtained.