Common use of Execution of Orders and Transactions Clause in Contracts

Execution of Orders and Transactions. 7.1 The parties agree that, when executing transactions in Investments on behalf of the Company, or placing orders relating to Investments on behalf of the Company with brokers for execution by those brokers, the Investment Advisor shall (except where there is no choice of execution venue) owe a duty to take all reasonable steps to obtain the best possible result for the Company, taking into account the terms of the Investment Advisor’s order execution policy, a summary of which has been provided to the Manager and the Company. 7.2 The Investment Advisor shall maintain an authorized signatory list for the purposes of instructing the Custodian. The Investment Advisor may modify the authorized signatory list from time to time and must notify such change to the Manager, and the Company promptly after the modification. Wherever practically feasible, the Investment Advisor shall use its best efforts to arrange for any instructions to the Custodian to be jointly given by two authorized persons. 7.3 By signing this Agreement, the Manager hereby expressly consents to: (A) the Investment Advisor’s order execution policy. 7.4 Subject to applicable law and regulations, the Investment Advisor may when executing transactions in Investments on behalf of the Company or placing orders relating to Investments on behalf of the Company with brokers for execution by those brokers, aggregate those transactions or orders with those of one or more of the Investment Advisor’s other clients. The Investment Advisor will allocate aggregated orders on a fair and reasonable basis in accordance with all legal and regulatory requirements and the Investment Advisor’s order allocation policy. Aggregation may, however, on some occasions operate to the disadvantage of the Company.

Execution of Orders and Transactions. 7.1 The parties agree that, when executing transactions in Investments on behalf of the Company, or placing orders relating to Investments on behalf of the Company with brokers for execution by those brokers, the Investment Advisor shall (except where there is no choice of execution venue) owe a duty to take all reasonable steps to obtain the best possible result for the Company, taking into account the terms of the Investment Advisor’s order execution policy, a summary of which has been provided to the Manager and the Company. 7.2 The Investment Advisor shall maintain an authorized signatory list for the purposes of instructing the Custodian. The Investment Advisor may modify the authorized signatory list from time to time and must notify such change to the Manager, and the Company promptly after the modification. Wherever practically feasible, the Investment Advisor shall use its best efforts to arrange for any instructions to the Custodian to be jointly given by two authorized persons. 7.3 By signing this Agreement, the Manager hereby expressly consents to: (A) the Investment Advisor’s order execution policy. 7.4 Subject to applicable law and regulations, the Investment Advisor may when executing transactions in Investments on behalf of the Company or placing orders relating to Investments on behalf of the Company with brokers for execution by those brokers, aggregate those transactions or orders with those of one or more of the Investment Advisor’s other clients. The Investment Advisor will allocate aggregated orders on a fair and reasonable basis in accordance with all legal and regulatory requirements and the Investment Advisor’s order allocation policy. Aggregation may, however, on some occasions operate to the disadvantage of the Company.