Common use of Similar Activities for Others Clause in Contracts

Similar Activities for Others. 7.1 The services of the Advisor to the Fund under this Agreement are not to be deemed exclusive and the Advisor will be free to render similar services to others so long as its services under this Agreement are not impaired. Investment decisions for the Fund will be made independently from those of other accounts that may be managed by the Advisor or sub-advisor. If, however, accounts managed by the Advisor or sub-advisor are simultaneously engaged in purchases of the same securities, then, pursuant to the authorization of the Trustees, available securities may be allocated to each account and may be averaged as to price in whatever manner the Advisor or sub-advisor deems to be fair. 7.2 The parties to this Agreement understand that this system might adversely affect the price paid by the Fund, or limit the size of the position obtainable for the Fund. To the extent that transactions on behalf of more than one client of the Advisor or sub-advisor during the same period may increase the demand for securities being purchased or the supply of securities being sold, the Trust and the Fund recognize that there may be an adverse effect on price.

Similar Activities for Others. 7.1 The services of the Sub-Advisor to the Fund Advisor under this Agreement are not to be deemed exclusive and the Sub-Advisor will be free to render similar services to others so long as its services under this Agreement are not impaired. Investment decisions for the Fund will be made independently from those of other accounts that may be managed by the Advisor or subthe Sub-advisorAdvisor. If, however, accounts managed by the Sub-Advisor or sub-advisor are simultaneously engaged in purchases of the same securities, then, pursuant to the authorization of the TrusteesBoard, available securities may be allocated to each account and may be averaged as to price in whatever manner the Sub-Advisor or sub-advisor deems to be fair. 7.2 The parties Sub-Advisor has disclosed to this Agreement understand the Trust and the Fund that this system might adversely affect the price paid by the Fund, or limit the size of the position obtainable for the Fund. To the extent that transactions on behalf of more than one client of the Sub-Advisor or sub-advisor during the same period may increase the demand for securities being purchased or the supply of securities being sold, the Trust and the Fund have informed the Advisor that they recognize that there may be an adverse effect on price.