Common use of Portfolio Transaction and Brokerage Clause in Contracts

Portfolio Transaction and Brokerage. (a) OFI GLOBAL is authorized, in arranging the purchase and sale of the Fund’s portfolio securities, to employ or deal with such members of securities or commodities exchanges, brokers or dealers (hereinafter “broker-dealers”), including “affiliated” broker-dealers, as that term is defined in the Investment Company Act, as may, in its best judgment, implement the policy of the Fund to obtain, at reasonable expense, the “best execution” (prompt and reliable execution at the most favorable security price obtainable) of the Fund’s portfolio transactions as well as to obtain, consistent with the provisions of subparagraph (c) of this paragraph 7, the benefit of such investment information or research as will be of significant assistance to the performance by OFI GLOBAL of its investment management functions.

Appears in 13 contracts

Samples: Investment Advisory Agreement (Oppenheimer Rochester California Municipal Fund), Investment Advisory Agreement (Oppenheimer Multi-State Municipal Trust), Investment Advisory Agreement (Oppenheimer Rochester California Municipal Fund)

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Portfolio Transaction and Brokerage. (a) OFI GLOBAL is authorized, in arranging the purchase and sale of the Fund’s 's portfolio securities, to employ or deal with such members of securities or commodities exchanges, brokers or dealers (hereinafter "broker-dealers" ), including "affiliated" broker-dealers, as that term is defined in the Investment Company Act, as may, in its best judgment, implement the policy of the Fund to obtain, at reasonable expense, the "best execution" (prompt and reliable execution at the most favorable security price obtainable) of the Fund’s 's portfolio transactions as well as to obtain, consistent with the provisions of subparagraph (c) of this paragraph 7, the benefit of such investment information or research as will be of significant assistance to the performance by OFI GLOBAL of its investment management functions.

Appears in 1 contract

Samples: Investment Advisory Agreement (Oppenheimer Rochester California Municipal Fund)

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