Common use of Avoidance of Inconsistent Position Clause in Contracts

Avoidance of Inconsistent Position. In connection with the purchase and sale of portfolio securities of the Subject Portfolio, Advisers and its directors, officers and employees will not act as principal or agent or receive any commission. Nothing in this Agreement, however, shall preclude the combination of orders for the sale or purchase of portfolio securities of the Subject Portfolio with those for other registered investment companies managed by Advisers or its affiliates, if orders are allocated in a manner deemed equitable by Advisers among the accounts and at a price approximately averaged.

Avoidance of Inconsistent Position. In connection with the purchase and sale of portfolio securities of the Subject PortfolioFund, Advisers and its directors, officers and employees will not act as principal or agent or receive any commission. Nothing in this Agreement, however, shall preclude the combination of orders for the sale or purchase of portfolio securities of the Subject Portfolio Fund with those for other registered investment companies managed by Advisers or its affiliates, if orders are allocated in a manner deemed equitable by Advisers among the accounts and at a price approximately averaged.

Avoidance of Inconsistent Position. In connection with the purchase and sale of portfolio securities of the Subject PortfolioFund, Advisers and its directors, officers and employees will not act as principal or agent or receive any commission. Nothing in this Agreement, however, shall preclude the combination of orders for the sale or purchase of portfolio securities of the Subject Portfolio Fund with those for other registered investment companies managed accounts by Advisers or its affiliates, if orders are allocated in a manner deemed equitable by Advisers among the accounts and at a price approximately averaged.

Avoidance of Inconsistent Position. In connection with the purchase and sale of portfolio securities of the Subject PortfolioAssets, the Advisers and its directors, officers and employees will not act as principal or agent or receive any commission. Nothing in this Agreement, however, shall preclude the combination of orders for the sale or purchase of portfolio securities of the Subject Portfolio Fund with those for other registered investment companies managed by Advisers or its affiliates, if orders are allocated in a manner deemed equitable by Advisers among the accounts and at a price approximately averaged.

Avoidance of Inconsistent Position. In connection with the purchase and sale of portfolio Fund securities of the Subject PortfolioFund, Advisers and its directors, officers and employees will not act as principal or agent or receive any commission. Nothing in this Agreement, however, shall preclude the combination of orders for the sale or purchase of portfolio Fund securities of the Subject Portfolio Fund with those for other registered investment companies managed by Advisers or its affiliates, if orders are allocated in a manner deemed equitable by Advisers among the accounts and at a price approximately averaged.

Avoidance of Inconsistent Position. In connection with the purchase and sale of portfolio securities of the Subject PortfolioAssets, Advisers and its directors, officers and employees will not act as principal or agent or receive any commission. Nothing in this Agreement, however, shall preclude the combination of orders for the sale or purchase of portfolio securities of the Subject Portfolio Assets with those for other registered investment companies managed by Advisers or its affiliates, if orders are allocated in a manner deemed equitable by Advisers among the accounts and at a price approximately averaged.

Avoidance of Inconsistent Position. In connection with the purchase and sale of portfolio securities of the Subject PortfolioFund, Advisers Adviser and its directors, officers and employees will not act as principal or agent or receive any commissionprincipal. Nothing in this Agreement, however, Agreement shall preclude the combination of orders for the sale or purchase of portfolio securities of the Subject Portfolio Fund with those for other registered investment companies managed by Advisers Adviser or its affiliates, if orders are allocated in a manner deemed equitable by Advisers Adviser among the accounts and at a price approximately averaged.

Avoidance of Inconsistent Position. In connection with the purchase and sale of portfolio securities of the Subject PortfolioDesignated Fund, Advisers and its directors, officers and employees will not act as principal or agent or receive any commission. Nothing in this Agreement, however, shall preclude the combination of orders for the sale or purchase of portfolio securities of the Subject Portfolio Designated Fund with those for other registered investment companies managed by Advisers or its affiliates, if orders are allocated in a manner deemed equitable by Advisers among the accounts and at a price approximately averaged.