Common use of Service to Other Companies or Accounts Clause in Contracts

Service to Other Companies or Accounts. The Trust understands that the Manager and its affiliates may act as investment manager to fiduciary and other managed accounts and to one or more other investment companies, and the Trust has no objection to their so acting, provided that whenever the Trust and one or more other clients advised by the Manager and its affiliates have available funds for investment, investments suitable and appropriate for each will be allocated in a manner believed by the Manager to be equitable to each client. The Trust recognizes that in some cases this procedure may adversely affect whether a particular security is available to the Trust, the size of the position obtainable for the Trust or the price at which that position may be obtained or disposed. In addition, the Trust understands that the persons employed by the Manager to assist in the performance of the Manager's duties under this Agreement will not devote their full time to such service and nothing contained in this Agreement shall be deemed to limit or restrict the right of the Manager or any affiliate of the Manager to engage in and devote time and attention to other businesses or to render services of any kind or nature.