Common use of Non-Exclusive Advisory Services Clause in Contracts

Non-Exclusive Advisory Services. It is understood that the Advisor performs investment advisory services for various clients, and the Client understands and agrees that the Advisor may give advice and take action with respect to any of its other clients, which may differ, from advice given to the Client. With regards to time spent or action taken on the Client's Portfolio and those of other clients, it is the Advisor's policy, to the extent practical, to allocate investment opportunities on a fair and equitable basis to all clients. The Client acknowledges that the Advisor, its directors, officers, affiliates and employees, and other clients of the Advisor, may at any time acquire, increase, decrease or dispose of portions of investments which are at the same time being acquired, held or disposed of for the Portfolio. The Advisor is under no obligation to initiate the same transaction, or recommendation for the Portfolio in any security or other asset which the Advisor, its directors, officers, affiliates and employees, and other clients of the Advisor may have purchased or sold for their own account. Nothing in this Agreement shall limit or restrict the Advisor or any of its directors, officers, affiliates or employees from buying, selling or trading in any securities or other assets for its or their own account or accounts. The Client also understands that cash awaiting investment or reinvestment may be invested in cash balances or money market funds with the Custodian. In no event shall the Advisor be obligated to effect any transaction for the Client which would violate any applicable federal or state law, rule, or regulation, or the rules or regulations of any regulatory or self-regulatory body.

Non-Exclusive Advisory Services. It is understood that the Advisor performs investment advisory services for various clients, and the Client understands and agrees that the Advisor may give advice and take action with respect to any of its other clients, which may differ, from advice given to the Client. With regards to time spent or action taken on the Client's Portfolio and those of other clients, it is the Advisor's policy, to the extent practical, to allocate investment opportunities on a fair and equitable basis to all clients. The Client acknowledges that the Advisor, its directors, officers, affiliates and employees, and other clients of the Advisor, may at any time acquire, increase, decrease or dispose of portions of investments which are at the same time being acquired, held or disposed of for the Portfolio. The Advisor is under no obligation to initiate the same transaction, or recommendation for the Portfolio in any security or other asset which the Advisor, its directors, officers, affiliates and employees, and other clients of the Advisor may have purchased or sold for their own account. Nothing in this Agreement shall limit or restrict the Advisor or any of its directors, officers, affiliates or employees from buying, selling or trading in any securities or other assets for its or their own account or accounts. The Client also understands that cash awaiting investment or reinvestment may be invested in cash balances or money market funds with the Custodian. In no event shall the Advisor be obligated to effect any transaction for the Client which would violate any applicable federal or state law, rule, or regulation, or the rules or regulations of any regulatory or self-regulatory body.

Non-Exclusive Advisory Services. It is understood that the Advisor performs investment advisory services for various clients, and the Client understands and agrees that the Advisor may give advice and take action with respect to any of its other clients, which may differ, from advice given to the Client. With regards to time spent or action taken on the Client's Portfolio and those of other clients, it is the Advisor's policy, to the extent eAtent practical, to allocate investment opportunities on a fair and equitable basis to all clients. The Client acknowledges that the Advisor, its directors, officers, affiliates and employees, and other clients of the Advisor, may at any time acquire, increase, decrease or dispose of portions of investments which are at the same time being acquired, held or disposed of for the Portfolio. The Advisor is under no obligation to initiate the same transaction, or recommendation for the Portfolio in any security or other asset which the Advisor, its directors, officers, affiliates and employees, and other clients of the Advisor may have purchased or sold for their own account. Nothing in this Agreement shall limit or restrict the Advisor or any of its directors, officers, affiliates or employees from buying, selling or trading in any securities or other assets for its or their own account or accounts. The Client also understands that cash awaiting investment or reinvestment may be invested in cash balances or money market funds with the Custodian. In no event shall the Advisor be obligated to effect any transaction for the Client which would violate any applicable federal or state law, rule, or regulation, or the rules or regulations of any regulatory or self-regulatory body.