Common use of General Mitigations Clause in Contracts

General Mitigations. As general mitigations of Municipal Advisor’s conflicts with respect to all of the conflicts disclosed above Municipal Advisor mitigates such conflicts through its adherence to its fiduciary duty to Issuer, which includes a duty of loyalty to Issuer in performing all municipal advisory activities for Issuer. This duty of loyalty obligates Municipal Advisor to deal honestly and with the utmost good faith with Issuer and to act in Issuer’s best interests without regard to Municipal Advisor’s financial or other interests, In addition because Municipal Advisor is a broker-dealer with significant capital due to the nature of its overall business, the success and profitability of Municipal Advisor is not dependent on maximizing short-term revenue generated from individualized recommendations to its clients, but instead is dependent on long-term profitably built on a foundation of integrity, quality of service and strict adherence to its fiduciary duty. Furthermore, Municipal Advisor’s municipal advisory supervisory structure, leveraging our long-standing and comprehensive broker-dealer supervisory processes and practices, provides strong safeguards against individual representatives of Municipal Advisor potentially departing from their regulatory duties due to personal interests. The disclosures below describe, as applicable, any additional mitigations that may be relevant with respect to any specific conflict disclosed above.

General Mitigations. As general mitigations of Municipal Advisorthe Firm’s conflicts conflicts, with respect to all of the conflicts disclosed above Municipal Advisor below, the Firm mitigates such conflicts through its adherence to its fiduciary duty to IssuerClient, which includes a duty of loyalty to Issuer Client in performing all municipal advisory activities for IssuerClient. This duty of loyalty obligates Municipal Advisor the Firm to deal honestly and with the utmost good faith with Issuer Client and to act in IssuerClient’s best interests without regard to Municipal Advisorthe Firm’s financial or other interests. In addition, In addition because Municipal Advisor the Firm is a broker-dealer with significant capital due to the nature of its overall business, the success and profitability of Municipal Advisor the Firm is not dependent on maximizing short-term revenue generated from individualized recommendations to its clients, clients but instead is dependent on long-term profitably built on a foundation of integrity, quality of service and strict adherence to its fiduciary duty. Furthermore, Municipal Advisorthe Firm’s municipal advisory supervisory structure, leveraging our long-standing and comprehensive broker-dealer supervisory processes and practices, provides strong safeguards against individual representatives of Municipal Advisor the Firm potentially departing from their regulatory duties due to personal interests. The disclosures below describe, as applicable, any additional mitigations that may be relevant with respect to any specific conflict disclosed abovebelow.

General Mitigations. As general mitigations of Municipal Advisorthe Firm’s conflicts conflicts, with respect to all of the conflicts disclosed above Municipal Advisor below, the Firm mitigates such conflicts through its adherence to its fiduciary duty to IssuerClient, which includes a duty of loyalty to Issuer Client in performing all municipal advisory activities for IssuerClient. This duty of loyalty obligates Municipal Advisor the Firm to deal honestly and with the utmost good faith with Issuer Client and to act in IssuerClient’s best interests without regard to Municipal Advisorthe Firm’s financial or other interests. In addition, In addition because Municipal Advisor the Firm is a broker-dealer with significant capital due to the nature of its overall business, the success and profitability of Municipal Advisor the Firm is not dependent on maximizing short-term revenue generated from individualized recommendations to its clients, clients but instead is dependent on long-term profitably profitability built on a foundation of integrity, quality of service and strict adherence to its fiduciary duty. Furthermore, Municipal Advisorthe Firm’s municipal advisory supervisory structure, leveraging our long-standing and comprehensive broker-dealer supervisory processes and practices, provides strong safeguards against individual representatives of Municipal Advisor the Firm potentially departing from their regulatory duties due to personal interests. The disclosures below describe, as applicable, any additional mitigations that may be relevant with respect to any specific conflict disclosed abovebelow.