Common use of Execution of Orders and Transactions Clause in Contracts

Execution of Orders and Transactions. In accordance with the Subadvisory Agreement, when executing transactions in Investments or placing orders relating to Investments with Brokers for execution, the Sub-Subadviser shall (except to the extent that it is following a specific instruction from the Subadviser, the Adviser, the Subsidiary or the Trust in relation to the execution of an order) owe to the Subadviser a duty to take all sufficient steps to obtain the best possible result for the Subsidiary, in accordance with the order execution policy. The Sub-Subadviser agrees that it shall not direct portfolio transactions for the Subsidiary through any broker or dealer that is an “affiliated person” of the Sub-Subadviser or the Subadviser (as that term is defined in the 1940 Act or interpreted under applicable rules and regulations of the SEC) without the prior written approval of the Adviser, which shall not be unreasonably withheld. Subject to that duty, the Subadviser acknowledges that the Sub-Subadviser may place orders relating to Investments through Associates.

Execution of Orders and Transactions. In accordance with the Subadvisory Agreement, when executing transactions in Investments or placing orders relating to Investments with Brokers for execution, the Sub-Subadviser shall (except to the extent that it is following a specific instruction from the Subadviser, the Adviser, the Subsidiary Adviser or the Trust in relation to the execution of an order) owe to the Subadviser a duty to take all sufficient steps to obtain the best possible result for the SubsidiaryFund, in accordance with the order execution policy. The Sub-Subadviser agrees that it shall not direct portfolio transactions for the Subsidiary Fund through any broker or dealer that is an “affiliated person” of the Sub-Subadviser or the Subadviser (as that term is defined in the 1940 Act or interpreted under applicable rules and regulations of the SEC) without the prior written approval of the Adviser, which shall not be unreasonably withheld. Subject to that duty, the Subadviser acknowledges that the Sub-Subadviser may place orders relating to Investments through Associates.