Common use of Brokerage Transactions Clause in Contracts

Brokerage Transactions. When placing orders for the purchase or sale of a Portfolio's securities, HL Advisors or any sub-adviser approved in accordance with Section 4 of this Agreement shall use its best efforts to obtain the best net security price available for a Portfolio. Subject to and in accordance with any directions which the Board of Directors may issue from time to time, HL Advisors or the sub-adviser, if applicable, may also be authorized to effect individual securities transactions at commission rates in excess of the minimum commission rates available, if HL Advisors or the sub-adviser, if applicable, determines in good faith that such amount of commission is reasonable in relation to the value of the brokerage or research services provided by such broker or dealer, viewed in terms of either that particular transaction or HL Advisors' or the sub-adviser's overall responsibilities with respect to a Portfolio and other advisory clients. The execution of such transactions shall not be deemed to represent an unlawful act or breach of any duty created by this Agreement or otherwise. HL Advisors or the sub-adviser will promptly communicate to the Board of Directors such information relating to portfolio transactions as the Board may reasonably request.

Brokerage Transactions. When placing orders for the purchase or sale of a Portfolio's securities, HL Advisors or any sub-adviser subadviser approved in accordance with Section 4 3 of this Agreement Agreement, shall use its best efforts to obtain the best net security price available for a Portfolio. Subject to and in accordance with any directions which the Board of Directors may issue from time to time, HL Advisors or the sub-advisersubadviser, if applicable, may also be authorized to effect individual securities transactions at commission rates in excess of the minimum commission rates available, if HL Advisors or the sub-advisersubadviser, if applicable, determines in good faith that such amount of commission is reasonable in relation to the value of the brokerage or research services provided by such broker or dealer, viewed in terms of either that particular transaction or HL Advisors' or the sub-advisersubadviser's overall responsibilities with respect to a Portfolio and other advisory clients. The execution of such transactions shall not be deemed to represent an unlawful act or breach of any duty created by this Agreement or otherwise. HL Advisors or the sub-adviser subadviser will promptly communicate to the Board of Directors such information relating to portfolio transactions as the Board may reasonably request.

Brokerage Transactions. When placing orders for the purchase or sale of a Portfolio's ’s securities, HL Advisors or any sub-adviser subadviser approved in accordance with Section 4 3 of this Agreement Agreement, shall use its best efforts to obtain the best net security price available for a Portfolio. Subject to and in accordance with any directions which the Board of Directors may issue from time to time, HL Advisors or the sub-advisersubadviser, if applicable, may also be authorized to effect individual securities transactions at commission rates in excess of the minimum commission rates available, if HL Advisors or the sub-advisersubadviser, if applicable, determines in good faith that such amount of commission is reasonable in relation to the value of the brokerage or research services provided by such broker or dealer, viewed in terms of either that particular transaction or HL Advisors' ’ or the sub-adviser's subadviser’s overall responsibilities with respect to a Portfolio and other advisory clients. The execution of such transactions shall not be he deemed to represent an unlawful act or breach of any duty created by this Agreement or otherwise. HL Advisors or the sub-adviser subadviser will promptly communicate to the Board of Directors such information relating to portfolio transactions as the Board may reasonably request.

Brokerage Transactions. When placing orders for the purchase or sale of a Portfolio's securities, HL Advisors or any sub-adviser subadviser approved in accordance with Section 4 of this Agreement Agreement, shall use its best efforts to obtain the best net security price available for a Portfolio. Subject to and in accordance with any directions which the Board of Directors may issue from time to time, HL Advisors or the sub-advisersubadviser, if applicable, may also be authorized to effect individual securities transactions at commission rates in excess of the minimum commission rates available, if HL Advisors or the sub-advisersubadviser, if applicable, determines in good faith that such amount of commission is reasonable in relation to the value of the brokerage or research services provided by such broker or dealer, viewed in terms of either that particular transaction or HL Advisors' or the sub-advisersubadviser's overall responsibilities with respect to a Portfolio and other advisory clients. The execution of such transactions shall not be deemed to represent an unlawful act or breach of any duty created by this Agreement or otherwise. HL Advisors or the sub-adviser subadviser will promptly communicate to the Board of Directors such information relating to portfolio transactions as the Board may reasonably request.