Aggregation and Allocation Clause Samples
Aggregation and Allocation. Where the Adviser believes that combining orders will benefit a Fund, transactions may be aggregated with those for other clients and shall be allocated in a manner the Adviser considers equitable over time.
Aggregation and Allocation. Client understands that the Company may aggregate purchase or sale orders for the Account with purchase or sale orders in a particular security for other clients’ accounts when such aggregation may result in a more favorable net result to all participating clients. However, the Company is under no obligation to so aggregate orders. Client further acknowledges that circumstances may arise under which the Company determines that, while it would be both desirable and suitable to aggregate client orders for a particular security or other investment, there is a limited supply or demand for the security or other investment. Under such circumstances, Client acknowledges that, while the Company will seek to allocate such investment opportunities equitably over time, the Company will not be required to assure equality of treatment among all of its clients with respect to any particular opportunity transacted nor to assure that each such opportunity will be proportionally allocated among participating clients. Where, because of prevailing market conditions, it is not possible to obtain the same price or time of execution for all of the securities or other investments purchased or sold for the Account, the Company may average the various prices obtained in an aggregated order and charge or credit all of the participating accounts with the average price at which the orders were filled for all such participating client accounts on each applicable day.
Aggregation and Allocation. ▇▇▇▇▇▇▇ may in some cases aggregate sales and purchase orders of securities and other investments for Clients with concurrent trades managed by ▇▇▇▇▇▇▇ or its affiliates. ▇▇▇▇▇▇▇ is not obligated to aggregate orders, and will only do so if ▇▇▇▇▇▇▇ reasonably believes such aggregation will result in an overall benefit to its Clients, taking into consideration the objective of best execution as defined above. Aggregated orders are allocated among ▇▇▇▇▇▇▇ Clients such that Clients are treated on a fair and equitable basis, and that the interests of some Clients are not placed over those of others. SECURITIES TRANSACTIONS. ▇▇▇▇▇▇▇ effects transactions in securities including stocks and bonds as follows:
Aggregation and Allocation. MUFG may aggregate orders in Financial Instruments executed for your account with orders for the account of other clients or our Connected Companies or clients of our Connected Companies or for our own account. MUFG will allocate such transactions on a fair and reasonable basis subject to Applicable Regulations. You recognise that each individual aggregated transaction may operate to your advantage or disadvantage.
Aggregation and Allocation
Aggregation and Allocation