Common use of Aggregation of Trades Clause in Contracts

Aggregation of Trades. To the extent permitted by applicable laws and regulations, Subadviser may, but shall be under no obligation to, aggregate the purchase or sale of securities or futures contracts made for the Allocated Portion of a Fund and other client accounts or portfolios managed by the Subadviser or its affiliates. In such event, Subadviser will make allocation of the securities or futures contracts so purchased or sold, as well as the expenses incurred in the transaction, in the manner Subadviser considers to be, over time, the most equitable and consistent with its fiduciary obligations to the Allocated Portion and to such other clients consistent with Subadviser’s Form ADV Part 2. Manager acknowledges that in some cases this procedure may adversely affect the size of the position obtainable for the Fund.

Aggregation of Trades. To the extent permitted by applicable laws and regulations, Subadviser may, but shall be under no obligation to, aggregate the purchase or sale of securities or futures contracts made for the Allocated Portion of a Fund and other client accounts or portfolios managed by the Subadviser or its affiliates. In such event, Subadviser will make allocation of the securities or futures contracts so purchased or sold, as well as the expenses incurred in the transaction, in the manner Subadviser considers to be, over time, the most equitable and consistent with its fiduciary obligations to the Allocated Portion Funds and to such other clients consistent with Subadviser’s Form ADV Part 2. Manager acknowledges that in some cases this procedure may adversely affect the size of the position obtainable for the Fund.

Aggregation of Trades. To the extent permitted by applicable laws and regulations, Subadviser may, but shall be under no obligation to, aggregate the purchase or sale of securities or futures contracts made for the Allocated Portion of a Fund and other client accounts or portfolios managed by the Subadviser or its affiliates. In such event, Subadviser will make allocation of the securities or futures contracts so purchased or sold, as well as the expenses incurred in the transaction, in the manner Subadviser considers to be, over time, the most equitable and consistent with its fiduciary obligations to the Allocated Portion Funds and to such other clients consistent with Subadviser’s 's Form ADV Part 2. Manager acknowledges that in some cases this procedure may adversely affect the size of the position obtainable for the Fund.