Common use of Margined Transactions, Options, Futures and Contracts for Differences Clause in Contracts

Margined Transactions, Options, Futures and Contracts for Differences. The Sub-Advisor shall be entitled without prior reference to, or the written consent of, the Advisor, to effect transactions in Margined Transactions, Options, Futures and Contracts for Differences. The Advisor is warned that the markets can be highly volatile and that such investments may carry a high risk of loss. The Sub-Advisor will only carry out such transactions in accordance with the Agreement, and the provisions of the Prospectus, the Statement of Additional Information, and applicable laws and regulations.

Margined Transactions, Options, Futures and Contracts for Differences. The Sub-Advisor shall be entitled without prior reference to, or the written consent of, the Advisor, to effect transactions in Margined Transactions, Options, Futures and Contracts for Differences. The Advisor is warned that the markets can be highly volatile and that such investments may carry a high risk of loss. The Sub-Advisor will only carry out such transactions in accordance with the Agreement, and the provisions of the ProspectusProspectuses, the Statement Statements of Additional Information, and applicable laws and regulations.

Margined Transactions, Options, Futures and Contracts for Differences. The Sub-Advisor shall be entitled without prior reference to, or the written consent of, the Advisor, to effect transactions in Margined Transactions, Options, Futures and Contracts for Differences. The Advisor is warned that the markets can be highly volatile and that such investments may carry a high risk of loss. The Sub-Advisor will only carry out such transactions in accordance with the AgreementInterim Contract, and the provisions of the Prospectus, the Statement of Additional Information, and applicable laws and regulations.