Common use of Fund Counterparties Clause in Contracts

Fund Counterparties. The Sub-Adviser will utilize counterparties for prime brokerage, futures, and options clearing and for ISDA purposes, as applicable to the Strategy, under agreements set up by, and in the name of, the Adviser or the Fund. The Sub-Adviser shall have the right to utilize counterparties for trade execution based on its sole election and discretion, subject to the limitations of applicable law, including, without limitation, the 1940 Act. The Adviser will use commercially reasonable efforts to cause the Fund to enter into any trade execution agreement, as requested by the Sub-Adviser, that in the opinion of the Sub-Adviser is reasonably necessary for the Sub-Adviser to implement the Strategy (without unreasonable expense to the Fund).