Common use of Proxy Voting and Class Actions Clause in Contracts

Proxy Voting and Class Actions. The Client shall vote proxies with respect to the account's assets, and Adviser shall not have authority to vote such proxies. Adviser is not required to take any action or provide any advice with respect to class action or other lawsuits involving securities presently or formerly held in the account, or the issuers thereof, including actions involving bankruptcy. In the case of class action suits involving issuers held in the Account, Adviser may provide information about the Account to third parties for purposes of participating in any settlements as required by law or as requested by Client.

Proxy Voting and Class Actions. The Client shall vote proxies with respect to the account's assets, and Adviser shall not have authority to vote such proxies. Adviser is will not be expected or required to take any action or provide any other than the rendering of investment-related advice with respect to class action or other lawsuits involving securities presently or formerly held in the account, or the issuers thereof, including actions involving bankruptcy. In the case of class action suits involving issuers held in the Account, as required by law or on Client’s behalf, Adviser may provide information about the Account to third parties for purposes of participating in any settlements as required by law or as requested by Clientsettlements.