Common use of Company Transactions Clause in Contracts

Company Transactions. The Investment Manager is authorized to select the brokers or dealers that will execute the purchases and sales of the Company’s investments and is directed to use its best efforts to obtain the best net results as described from time to time in the Company's Prospectus and Statement of Additional Information. The Investment Manager will promptly communicate to the Administrator and to the officers and the Directors of the Company such information relating to the Company’s investment transactions as they may reasonably request. It is understood that the Investment Manager will not be deemed to have acted unlawfully, or to have breached a fiduciary duty to the Company or be in breach of any obligation owing to the Company under this Agreement, or otherwise, by reason of its having directed a securities transaction on behalf of the Company to a broker-dealer in compliance with the provisions of Section 28(e) of the Securities Exchange Act of 1934 or as described from time to time by the Company’s Prospectus and Statement of Additional Information.

Company Transactions. The Investment Manager is authorized to select the brokers or dealers that will execute the purchases and and, sales of the Company’s investments and is directed to use its best efforts to obtain the best net results as described from time to time in the Company's ’s Prospectus and Statement of Additional Information. The Investment Manager will promptly communicate to the Administrator and to the officers and the Directors of the Company such information relating to the Company’s investment transactions as they may reasonably request. It is understood that the Investment Manager will not be deemed to have acted unlawfully, or to have breached a fiduciary duty to the Company or be in breach of any obligation owing to the Company under this Agreement, or otherwise, by reason of its having directed a securities transaction on behalf of the Company to a broker-dealer in compliance with the provisions of Section 28(e) of the Securities Exchange Act of 1934 or as described from time to time by the Company’s Prospectus and Statement of Additional Information. 3.