Common use of Other Municipal Advisor or Underwriting Relationships Clause in Contracts

Other Municipal Advisor or Underwriting Relationships. Xxxxxxxx serves a wide variety of other clients that may from time to time have interests that could have a direct or indirect impact on the interests of the District. For example, Xxxxxxxx serves as municipal advisor to other municipal entities and, in such cases, owes a fiduciary duty to such other clients just as it does to the District under this Agreement. These other clients may, from time to time and depending on the specific circumstances, have competing interests, such as accessing the new issue market with the most advantageous timing and with limited competition at the time of the offering. In acting in the interests of its various clients, Xxxxxxxx could potentially face a conflict of interest arising from these competing client interests. In other cases, as a broker-dealer that engages in underwritings of new issuances of municipal securities by other municipal entities, the interests of Xxxxxxxx to achieve a successful and profitable underwriting for its municipal entity underwriting clients could potentially constitute a conflict of interest if, as in the example above, the municipal entities that Xxxxxxxx serves as underwriter or municipal advisor have competing interests in seeking to access the new issue market with the most advantageous timing and with limited competition at the time of the offering. None of these other engagements or relationships would impair Xxxxxxxx’ ability to fulfill its fiduciary duty to the District.

Other Municipal Advisor or Underwriting Relationships. Xxxxxxxx Municipal Advisor serves a wide variety of other clients that may from time to time have interests that could have a direct or indirect impact on the interests of the DistrictIssuer. For example, Xxxxxxxx Municipal Advisor serves as municipal advisor to other municipal entities and, advisory clients and in such cases, owes a fiduciary regulatory duty to such other clients just as it does to the District Issuer under this Agreement. These other clients may, from time to time and depending on the specific circumstances, have competing interests, interests such as accessing the new issue market with the most advantageous timing and with limited competition at the time of the offering. In acting in the interests of its various clients, Xxxxxxxx Municipal Advisor could potentially face a conflict of interest arising from these competing client interests. In other cases, cases as a broker-dealer that engages in underwritings of new issuances of municipal securities by other municipal entities, the interests of Xxxxxxxx Municipal Advisor to achieve a successful and profitable underwriting for its municipal entity underwriting clients could potentially constitute a conflict of interest if, as in the example above, the municipal entities that Xxxxxxxx Municipal Advisor serves as underwriter or municipal advisor have competing interests in seeking to access the new issue market with the most advantageous timing and with limited competition at the time of the offering. None of these other engagements or relationships would impair Xxxxxxxx’ Municipal Advisor’s ability to fulfill its fiduciary duty regulatory duties to the DistrictIssuer.

Other Municipal Advisor or Underwriting Relationships. Xxxxxxxx The Firm serves a wide variety of other clients that may from time to time have interests that could have a direct or indirect impact on the interests of the DistrictClient. For example, Xxxxxxxx the Firm serves as municipal advisor to other municipal entities advisory clients and, in such cases, owes a fiduciary regulatory duty to such other clients just as it does to the District under this AgreementClient. These other clients may, from time to time and depending on the specific circumstances, have competing interests, such as accessing the new issue market with the most advantageous timing and with limited competition at the time of the offering. In acting in the interests of its various clients, Xxxxxxxx the Firm could potentially face a conflict of interest arising from these competing client interests. In other cases, as a broker-dealer that engages in underwritings of new issuances of municipal securities by other municipal entities, the interests of Xxxxxxxx the Firm to achieve a successful and profitable underwriting for its municipal entity underwriting clients could potentially constitute a conflict of interest if, as in the example above, the municipal entities that Xxxxxxxx the Firm serves as underwriter or municipal advisor have competing interests in seeking to access the new issue market with the most advantageous timing and with limited competition at the time of the offering. None of these other engagements or relationships would impair Xxxxxxxx’ the Firm’s ability to fulfill its fiduciary duty regulatory duties to the DistrictClient.

Other Municipal Advisor or Underwriting Relationships. Xxxxxxxx Municipal Advisor serves a wide variety of other clients that may from time to time have interests that could have a direct or indirect impact on the interests of the DistrictClient. For example, Xxxxxxxx Municipal Advisor serves as municipal advisor to other municipal entities advisory clients and, in such cases, owes a fiduciary duty to such other clients just as it does to the District Client under this Agreement. These other clients may, from time to time and depending on the specific circumstances, have competing interests, such as accessing the new issue market with the most advantageous timing and with limited competition at the time of the offering. In acting in the interests of its various clients, Xxxxxxxx Municipal Advisor could potentially face a conflict of interest arising from these competing client interests. In other cases, cases (such as a broker-dealer that engages in underwritings of new issuances of municipal securities by other municipal entities), the interests of Xxxxxxxx Municipal Advisor to achieve a successful and profitable underwriting for its municipal entity underwriting clients could potentially constitute a conflict of interest if, as in the example above, the municipal entities that Xxxxxxxx Municipal Advisor serves as underwriter or municipal advisor have competing interests in seeking to access the new issue market with the most advantageous timing and with limited competition at the time of the offering. None of these other engagements or relationships would impair Xxxxxxxx’ Municipal Advisor’s ability to fulfill its fiduciary duty duties to the DistrictClient.

Other Municipal Advisor or Underwriting Relationships. Xxxxxxxx Xxxxxxx Xxxxx serves a wide variety of other clients that may from time to time have interests that could have a direct or indirect impact on the interests of the DistrictClient. For example, Xxxxxxxx Xxxxxxx Xxxxx serves as municipal advisor to other municipal entities advisory clients and, in such cases, owes a fiduciary regulatory duty to such other clients just as it does to the District Client under this Agreement. These other clients may, from time to time and depending on the specific circumstances, have competing interests, such as accessing the new issue market with the most advantageous timing and with limited competition at the time of the offering. In acting in the interests of its various clients, Xxxxxxxx Xxxxxxx Xxxxx could potentially face a conflict of interest arising from these competing client interests. In other cases, as a broker-dealer that engages in underwritings of new issuances of municipal securities by other municipal entities, the interests of Xxxxxxxx Xxxxxxx Xxxxx to achieve a successful and profitable underwriting for its municipal entity underwriting clients could potentially constitute a conflict of interest if, as in the example above, the municipal entities that Xxxxxxxx Xxxxxxx Xxxxx serves as underwriter or municipal advisor have competing interests in seeking to access the new issue market with the most advantageous timing and with limited competition at the time of the offering. None of these other engagements or relationships would impair Xxxxxxxx’ Xxxxxxx Xxxxx’x ability to fulfill its fiduciary duty regulatory duties to the DistrictClient.