Common use of Non-Exclusive Management Clause in Contracts

Non-Exclusive Management. Asset Manager, its officers, employees, and agents, may have or take the same or similar positions in specific investments for their own accounts, or for the accounts of other Companies, as the Asset Manager does for the Account. Company expressly acknowledges and understands that Asset Manager shall be free to render investment advice to others and that Asset Manager does not make its investment management services available exclusively to Company. Nothing in this Agreement shall impose upon the Asset Manager any obligation to purchase or sell, or to recommend for purchase or sale, for the Account any security which the Asset Manager, its principals, affiliates or employees, may purchase or sell for their own accounts or for the account of any other Company, if in the reasonable opinion of the Asset Manager such investment would be unsuitable for the Account or if the Asset Manager determines in the best interest of the Account it would be impractical or undesirable.

Non-Exclusive Management. Asset ManagerAdviser, its officers, employees, and agents, may have or take the same or similar positions in specific investments for their own accounts, or for the accounts of other CompaniesClients, as the Asset Manager Adviser does for the AccountAssets. Company Client expressly acknowledges and understands that Asset Manager Adviser shall be free to render investment advice to others and that Asset Manager Adviser does not make its investment management services available exclusively to CompanyClient. Nothing in this Agreement shall impose upon the Asset Manager Adviser any obligation to purchase or sell, or to recommend for purchase or sale, for the Account any security which the Asset ManagerAdviser, its principals, affiliates or employees, may purchase or sell for their own accounts or for the account of any other CompanyClient, if in the reasonable opinion of the Asset Manager Adviser, such investment would be unsuitable for the Account or if the Asset Manager Adviser determines in the best interest of the Account it would be impractical or undesirable.