Common use of Allocating Investment Opportunities Clause in Contracts

Allocating Investment Opportunities. It is understood and agreed that (a) the Subadvisor performs investment adviser services for various clients and that the Subadvisor may take action with respect to any of its other clients which may differ from action, or from the timing or nature of action, taken with respect to the Portfolio, so long as it is the Subadvisor's policy, to the extent practicable, to allocate investment opportunities to the Portfolio over a period of time on a fair and equitable basis relative to other portfolios, and (b) the Subadvisor shall have no obligation to purchase or sell for the Portfolio any security which the Subadvisor or its principals, affiliates or employees, may purchase or sell for its or their own accounts or the account of any other portfolio, if in the opinion of the Subadvisor such transaction or investment appears unsuitable, impractical or undesirable for the Portfolio.