Common use of Payment of Commissions Clause in Contracts

Payment of Commissions. Xxxxxxxx may place buy and sell orders with or through such brokers or dealers as it may select. It is the policy and practice of Xxxxxxxx to strive for the best price and execution and for commission and discounts which are competitive in relation to the value of the transaction and which comply with Section 28(e) of the Securities and Exchange Act. Nevertheless, it is understood that Xxxxxxxx may pay a commission on transactions in excess of the amount another broker or dealer may charge, and that Xxxxxxxx makes no warranty or representation regarding commissions paid on transactions hereunder.

Appears in 4 contracts

Samples: Investment Management Agreement, Investment Management Agreement, Professional Services Agreement

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