Common use of Execution of Brokerage Transactions Clause in Contracts

Execution of Brokerage Transactions. Unless otherwise agreed, Adviser will arrange for the execution of securities brokerage transactions for the Account through custodians that Adviser reasonably believes will provide “best execution." In seeking best execution, the determinative factor is not the lowest possible commission cost but whether the transaction represents the best qualitative execution, taking into consideration the full range of a custodian’s services including the value of research provided, execution capability, commission rates, and responsiveness. Accordingly, although Adviser will seek competitive commission rates, it may not necessarily obtain the lowest possible commission rates for Account transactions. Adviser does not obligate itself to seek the lowest transaction charges in all cases except to the extent that it contributes to the overall goal of obtaining the best results for Client's account.

Execution of Brokerage Transactions. Unless otherwise agreed, Adviser will arrange for the execution of securities brokerage transactions for the Account through custodians Broker-Dealers that Adviser reasonably believes will provide “best execution." ” In seeking best execution, the determinative factor is not the lowest possible commission cost but whether the transaction represents the best qualitative execution, taking into consideration the full range of a custodianBroker-Dealer’s services including the value of research provided, execution capability, commission rates, and responsiveness. Accordingly, although Adviser will seek competitive commission rates, it may not necessarily obtain the lowest possible commission rates for Account transactions. Adviser does not obligate itself to seek the lowest transaction charges in all cases except to the extent that it contributes to the overall goal of obtaining the best results for Client's accountcases.

Execution of Brokerage Transactions. Unless otherwise agreed, Adviser will arrange for the execution of securities brokerage transactions for the Account through custodians Custodians that Adviser reasonably believes will provide “best execution." In seeking best execution, the determinative factor is not the lowest possible commission cost but whether the transaction represents the best qualitative execution, taking into consideration the full range of a custodianCustodian’s services including the value of research provided, execution capability, commission rates, and responsiveness. Accordingly, although Adviser will seek competitive commission rates, it may not necessarily obtain the lowest possible commission rates for Account transactions. Adviser does not obligate itself to seek the lowest transaction charges in all cases except to the extent that it contributes to the overall goal of obtaining the best results for Client's account.

Execution of Brokerage Transactions. Unless otherwise agreed, Adviser Advisor will arrange for the execution of securities brokerage transactions for the Account through custodians broker-dealers that Adviser Advisor reasonably believes will provide “best execution." ” In seeking best execution, the determinative factor is not the lowest possible commission cost but whether the transaction represents the best qualitative execution, taking into consideration the full range of a custodianbroker- dealer’s services services, including the value of research provided, execution capability, commission rates, and responsiveness. Accordingly, although Adviser Advisor will seek competitive commission rates, it may not necessarily obtain the lowest possible commission rates for Account transactions. Adviser Advisor does not obligate itself to seek the lowest transaction charges in all cases except to the extent that it contributes to the overall goal of obtaining the best results for Client's accountcases.