Common use of Alternative Trading Arrangements Clause in Contracts

Alternative Trading Arrangements. From time to time the Sub-Adviser and the Adviser may agree that the Sub-Advisor will place some or all of the trades for the Fund through the Adviser's trading desk. In such event, the Adviser shall have complete authority to determine the brokers or dealers through which any trade by the Fund is placed through the Advisers trading desk and as to the timing and manner of the execution of any such trade, although the Sub-Adviser may give guidance. In such event, the Adviser shall be responsible for obtaining best execution on behalf of the Fund on trades placed by the Adviser and the Sub-Adviser shall remain responsible for all other compliance issues in connection with the Fund's portfolio transactions, including the appropriate and accurate placement of orders on behalf of the Fund into the Adviser's trading system and confirming the appropriate settlement of the transactions.

Alternative Trading Arrangements. From time to time the Sub-Adviser and the Adviser may agree that the Sub-Advisor will place some or all of the trades for the Fund through the Adviser's trading desk. In such event, the Adviser shall have complete authority to determine the brokers or dealers through which any trade by the Fund is placed through the Advisers Adviser's trading desk and as to the timing and manner of the execution of any such trade, although the Sub-Adviser may give guidance. In such event, the Adviser shall be responsible for obtaining best execution on behalf of the Fund on trades placed by the Adviser and the Sub-Adviser shall remain responsible for all other compliance issues in connection with the Fund's portfolio transactions, including the appropriate and accurate placement of orders on behalf of the Fund into the Adviser's trading system and confirming the appropriate settlement of the transactions.

Alternative Trading Arrangements. From time to time the Sub-Adviser and the Adviser may agree that the -------------------------------- Sub-Advisor will place some or all of the trades for the Fund Portfolio through the Adviser's trading desk. In such event, the Adviser shall have complete authority to determine the brokers or dealers through which any trade by the Fund Portfolio is placed through the Advisers trading desk and as to the timing and manner of the execution of any such trade, although the Sub-Adviser may give guidance. In such event, the Adviser shall be responsible for obtaining most favorable execution and best execution on behalf of net price available under the Fund circumstances for the Portfolio on trades placed by the Adviser Adviser, and the Sub-Adviser shall remain responsible only for all other compliance issues in connection with the Fund's portfolio transactions, including the appropriate and accurate placement of orders on behalf of the Fund Portfolio into the Adviser's trading system and confirming the appropriate settlement of such transactions in accordance with the transactionsorders placed.

Alternative Trading Arrangements. From time to time the Sub-Adviser and the Adviser may agree that the Sub-Advisor will place some or all of the trades for the a Fund through the Adviser's trading desk. In such event, the Adviser shall have complete authority to determine the brokers or dealers through which any trade by the a Fund is placed through the Advisers trading desk and as to the timing and manner of the execution of any such trade, although the Sub-Adviser may give guidance. In such event, the Adviser shall be responsible for obtaining best execution on behalf of the Fund on trades placed by the Adviser and the Sub-Adviser shall remain responsible for all other compliance issues in connection with the Fund's portfolio transactions, including the appropriate and accurate placement of orders on behalf of the Fund into the Adviser's trading system and confirming the appropriate settlement of the transactions.

Alternative Trading Arrangements. From time to time the Sub-Adviser and the Adviser may agree that the Sub-Advisor will place some or all of the trades for the Fund through the Adviser's trading desk. In such event, the Adviser shall have complete authority to determine the brokers or dealers through which any trade by the Fund is placed through the Advisers trading desk and as to the timing and manner of the execution of any such trade, although the Sub-Adviser may give guidance. In such event, the Adviser shall be responsible for obtaining most favorable execution and best execution on behalf of net price available under the circumstances for the Fund on trades placed by the Adviser and the Sub-Adviser shall remain responsible only for all other compliance issues in connection with the Fund's portfolio transactions, including the appropriate and accurate placement of orders on behalf of the Fund into the Adviser's trading system and confirming the appropriate settlement of such transactions in accordance with the transactionsorders placed.

Alternative Trading Arrangements. From time to time the Sub-Adviser and the Adviser may agree that the Sub-Advisor Adviser will place some or all of the trades for the Fund through the Adviser's trading desk. In such event, the Adviser shall have complete authority to determine the brokers or dealers through which any trade by the Fund is placed through the Advisers Adviser's trading desk and as to the timing and manner of the execution of any such trade, although the Sub-Adviser may give guidance. In such event, the Adviser shall be responsible for obtaining best execution on behalf of the Fund on trades placed by the Adviser Adviser, and the Sub-Adviser shall remain responsible for all other compliance issues in connection with the Fund's portfolio transactions, including the appropriate and accurate placement of orders on behalf of the Fund into the Adviser's trading system and confirming the appropriate settlement of the transactions.

Alternative Trading Arrangements. From time to time the Sub-Adviser and the Adviser may agree that the Sub-Advisor Adviser will place some or all of the trades for the Fund through the Adviser's trading desk. In such event, the Adviser shall have complete authority to determine the brokers or dealers through which any trade by the Fund is placed through the Advisers trading desk and as to the timing and manner of the execution of any such trade, although the Sub-Adviser may give guidance. In such event, the Adviser shall be responsible for obtaining best execution on behalf of the Fund on trades placed by the Adviser and the Sub-Adviser shall remain responsible for all other compliance issues in connection with the Fund's portfolio transactions, including the appropriate and accurate placement of orders on behalf of the Fund into the Adviser's trading system and confirming the appropriate settlement of the transactions.