Common use of Use of Affiliated Broker-Dealer Clause in Contracts

Use of Affiliated Broker-Dealer. Sub-Adviser, an affiliated person of Sub-Adviser, the Adviser, or an affiliated person of the Adviser or the Trust may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (1) the requirement that Sub-Adviser seeks to obtain best execution and price in accordance with the policy guidelines approved and adopted by the board of trustees of the Trust and set forth in the Trust's current registration statement; (2) the provisions of the Investment Company Act of 1940, as amended ("1940 Act") and regulations thereunder; (3) the provisions of the Investment Advisers Act of 1940, as amended ("Advisers Act") and the regulations thereunder; (4) the provisions of the Securities Exchange Act of 1934, as amended, and the regulations thereunder; and (5) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Adviser under this Agreement. Subject to the requirements of applicable law and any procedures approved and adopted by Trust's board of trustees, Sub-Adviser or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Adviser's fees for services under this Agreement.

Use of Affiliated Broker-Dealer. Sub-Adviser, an affiliated person of Sub-Adviser, the Adviser, or an affiliated person of the Adviser or the Trust may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (1) the requirement that Sub-Adviser seeks to obtain best execution and price in accordance with the policy guidelines approved and adopted by the board of trustees of the Trust and set forth in the Trust's ’s current registration statement; (2) the provisions of the Investment Company Act of 1940, as amended ("“1940 Act"”) and regulations thereunder; (3) the provisions of the Investment Advisers Act of 1940, as amended ("“Advisers Act"”) and the regulations thereunder; (4) the provisions of the Securities Exchange Act of 1934, as amended, and the regulations thereunder; and (5) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Adviser under this Agreement. Subject to the requirements of applicable law and any procedures approved and adopted by Trust's ’s board of trustees, Sub-Adviser or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Adviser's ’s fees for services under this Agreement.

Use of Affiliated Broker-Dealer. Sub-Adviser, an affiliated person of Sub-Adviser, the Adviser, or an affiliated person of the Adviser or the Trust may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (1) the requirement that Sub-Adviser seeks to obtain best execution and price in accordance with the policy guidelines policies, guidelines, procedures or directives approved and adopted by the board of trustees of the Trust and set forth in the Trust's current registration statement; (2) the provisions of the Investment Company Act of 1940, as amended ("“1940 Act"”) and regulations thereunder; (3) the provisions of the Investment Advisers Act of 1940, as amended ("“Advisers Act"”) and the regulations thereunder; (4) the provisions of the Securities Exchange Act of 1934, as amended, and the regulations thereunder; and (5) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Adviser under this Agreement. Subject to the requirements of applicable law and any policies, guidelines, procedures and directives approved and adopted by Trust's ’s board of trustees, Sub-Adviser or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Adviser's ’s fees for services under this Agreement.

Use of Affiliated Broker-Dealer. Sub-Adviser, an affiliated person of Sub-Adviser, the Adviser, or an affiliated person of the Adviser or the Trust may act as broker for the Portfolio in connection with the purchase or sale of securities or other investments for the Portfolio, subject to: (1) the requirement that Sub-Adviser seeks to obtain best execution and price in accordance with the policy guidelines policies, guidelines. procedures or directives approved and adopted by the board of trustees of the Trust and set forth in the Trust's current registration statement; (2) the provisions of the Investment Company Act of 1940, as amended ("1940 Act") and regulations thereunder; (3) the provisions of the Investment Advisers Act of 1940, as amended ("Advisers Act") and the regulations thereunder; (4) the provisions of the Securities Exchange Act of 1934, as amended, and the regulations thereunder; and (5) other applicable provisions of law. Such brokerage services are not within the scope of the duties of Sub-Adviser under this Agreement. Subject to the requirements of applicable law and any policies, guidelines, procedures and directives approved and adopted by Trust's board of trustees, Sub-Adviser or its affiliated persons may receive brokerage commissions, fees or other remuneration from the Portfolio or the Trust for such services in addition to Sub-Adviser's fees for services under this Agreement.