Common use of Order Execution Clause in Contracts

Order Execution. The Local Manager acknowledges its duty under the FSA Rules to take all reasonable steps to obtain the best possible result for the Adviser (taking into account the factors prescribed in the FSA Rules) when executing orders resulting from decisions to deal in designated investments (as defined in the FSA Rules) and to act in accordance with the Adviser’s best interests when placing orders in respect of designated investments with other persons for execution or when receiving and transmitting orders to other persons for execution. Information concerning the Local Manager’s policy for meeting those obligations (the “Order Execution Policy Disclosure Statement”) is included as Schedule 1. The Adviser acknowledges receipt of the Order Execution Policy Disclosure Statement and confirms its consent to the matters described in it. For the avoidance of doubt and as set out in the Order Execution Policy Disclosure Statement, the Adviser acknowledges that specific instructions from the Adviser in relation to the execution of orders may prevent the Local Manager from following its execution policy in relation to such orders in respect of the elements of execution covered by the instructions.

Order Execution. The Local Manager acknowledges its duty under the FSA Rules to take all reasonable steps to obtain the best possible result for the Adviser Investment Manager (taking into account the factors prescribed in the FSA Rules) when executing orders resulting from decisions to deal in designated investments (as defined in the FSA Rules) and to act in accordance with the AdviserInvestment Manager’s best interests when placing orders in respect of designated investments with other persons for execution or when receiving and transmitting orders to other persons for execution. Information concerning the Local Manager’s policy for meeting those obligations (the “Order Execution Policy Disclosure Statement”) is included as Schedule 1. The Adviser Investment Manager acknowledges receipt of the Order Execution Policy Disclosure Statement and confirms its consent to the matters described in it. For the avoidance of doubt and as set out in the Order Execution Policy Disclosure Statement, the Adviser Investment Manager acknowledges that specific instructions from the Adviser Investment Manager in relation to the execution of orders may prevent the Local Manager from following its execution policy in relation to such orders in respect of the elements of execution covered by the instructions.

Order Execution. The Local Manager acknowledges its duty under the FSA Rules to take all reasonable steps to obtain the best possible result for the Adviser Investment Manager (taking into account the factors prescribed in the FSA Rules) when executing orders resulting from decisions to deal in designated investments (as defined in the FSA Rules) and to act in accordance with the Adviser’s Investment Manager's best interests when placing orders in respect of designated investments with other persons for execution or when receiving and transmitting orders to other persons for execution. Information concerning the Local Manager’s 's policy for meeting those obligations (the “Order Execution Policy Disclosure Statement”"ORDER EXECUTION POLICY DISCLOSURE STATEMENT") is included as Schedule 1. The Adviser Investment Manager acknowledges receipt of the Order Execution Policy Disclosure Statement and confirms its consent to the matters described in it. For the avoidance of doubt and as set out in the Order Execution Policy Disclosure Statement, the Adviser Investment Manager acknowledges that specific instructions from the Adviser Investment Manager in relation to the execution of orders may prevent the Local Manager from following its execution policy in relation to such orders in respect of the elements of execution covered by the instructions.

Order Execution. The Local Manager acknowledges its duty under the FSA FCA Rules to take all reasonable steps to obtain the best possible result for the Adviser (taking into account the factors prescribed in the FSA FCA Rules) when executing orders resulting from decisions to deal in designated investments (as defined in the FSA FCA Rules) and to act in accordance with the Adviser’s best interests when placing orders in respect of designated investments with other persons for execution or when receiving and transmitting orders to other persons for execution. Information concerning the Local Manager’s policy for meeting those obligations (the “Order Execution Policy Disclosure Statement”) is included as Schedule 1. The Adviser acknowledges receipt of the Order Execution Policy Disclosure Statement and confirms its consent to the matters described in it. For the avoidance of doubt and as set out in the Order Execution Policy Disclosure Statement, the Adviser acknowledges that specific instructions from the Adviser in relation to the execution of orders may prevent the Local Manager from following its execution policy in relation to such orders in respect of the elements of execution covered by the instructions.

Order Execution. The Local Manager acknowledges its duty under the FSA Rules to take all reasonable steps to obtain the best possible result for the Investment Adviser (taking into account the factors prescribed in the FSA Rules) when executing orders resulting from decisions to deal in designated investments (as defined in the FSA Rules) and to act in accordance with the Investment Adviser’s 's best interests when placing orders in respect of designated investments with other persons for execution or when receiving and transmitting orders to other persons for execution. Information concerning the Local Manager’s 's policy for meeting those obligations (the “Order Execution Policy Disclosure Statement”"ORDER EXECUTION POLICY DISCLOSURE STATEMENT") is included as Schedule 1. The Investment Adviser acknowledges receipt of the Order Execution Policy Disclosure Statement and confirms its consent to the matters described in it. For the avoidance of doubt and as set out in the Order Execution Policy Disclosure Statement, the Investment Adviser acknowledges that specific instructions from the Investment Adviser in relation to the execution of orders may prevent the Local Manager from following its execution policy in relation to such orders in respect of the elements of execution covered by the instructions.