Common use of MATERIAL INTERESTS Clause in Contracts

MATERIAL INTERESTS. 2.1 The Local Manager and any affiliate may, subject to the limitations of the U.S. Investment Company Act of 1940 (as amended), and to the overriding principles of suitability and Best Execution and without prior reference to Xxxxxx Xxxxxxx Investment Advisors or the Fund, effect transactions in which the Local Manager or affiliate has, directly or indirectly, a material interest or a relationship of any description with another party, which may involve a potential conflict with the Local Manager's duty to Xxxxxx Xxxxxxx Investment Advisors or the Fund. Neither the Local Manager nor any affiliate shall be liable to account to Xxxxxx Xxxxxxx Investment Advisors or the Fund for any profit, commission or remuneration made or received from or by reason of such transactions or any connected transactions nor will the Local Manager's fees, unless otherwise provided, be abated. For example, such potential conflicting interests or duties may arise because:

MATERIAL INTERESTS. 2.1 The Local Manager and any affiliate may, subject to the limitations of the U.S. Investment Company Act of 1940 (as amended), and to the overriding principles of suitability and Best Execution and without prior reference to Xxxxxx Xxxxxxx Investment Advisors or the Fund, effect transactions in which the Local Manager or affiliate has, directly or indirectly, a material interest or a relationship of any description with another party, which may involve a potential conflict with the Local Manager's ’s duty to Xxxxxx Xxxxxxx Investment Advisors or the Fund. Neither the Local Manager nor any affiliate shall be liable to account to Xxxxxx Xxxxxxx Investment Advisors or the Fund for any profit, commission or remuneration made or received from or by reason of such transactions or any connected transactions nor will the Local Manager's ’s fees, unless otherwise provided, be abated. For example, such potential conflicting interests or duties may arise because: