Common use of Conflicts of Interest Arising From Other Business Activities Clause in Contracts

Conflicts of Interest Arising From Other Business Activities. Vendor acknowledges that certain business activities of Vendor and Vendor’s affiliates create potential conflicts of interest which, if not properly managed, could have an adverse effect on the Services provided to LACERA by Vendor under this Agreement. Vendor represents and warrants that it has implemented appropriate procedures necessary to assure that no actual conflict of interest arises during the term of this Agreement, and that Vendor shall at all times properly discharge its duty of loyalty owed to LACERA as a result of Vendor acting as a fiduciary for LACERA. Vendor shall provide LACERA with an appropriate party within its organization to provide LACERA with information about any business relationship between Vendor and any of Vendor’s affiliates and any investment manager recommended by Vendor. Vendor shall notify LACERA of all recommendations and advice given by Vendor to any affiliate or other group of Vendor concerning or in any way related to an investment manager currently retained by LACERA. Such notice shall be transmitted by telephone call to LACERA’s Chief Investment Officer, followed by written confirmation via electronic mail at the same time as all other clients of Vendor are notified.

Conflicts of Interest Arising From Other Business Activities. Vendor Consultant acknowledges that certain business activities of Vendor Consultant and VendorConsultant’s affiliates create potential conflicts of interest which, if not properly managed, could have an adverse effect on the Services provided to LACERA by Vendor Consultant under this Agreement. Vendor Consultant represents and warrants that it has implemented appropriate procedures necessary to assure that no actual conflict of interest arises during the term of this Agreement, and that Vendor Consultant shall at all times properly discharge its duty of loyalty owed to LACERA as a result of Vendor Consultant acting as a fiduciary for LACERA. Vendor Consultant shall provide LACERA with an appropriate party within its organization to provide LACERA with information about any business relationship between Vendor Consultant and any of VendorConsultant’s affiliates and any investment manager recommended by VendorConsultant. Vendor Consultant shall notify LACERA of all recommendations and advice given by Vendor Consultant to any affiliate or other group of Vendor Consultant concerning or in any way related to an investment manager currently retained by LACERA. Such notice shall be transmitted by telephone call to LACERA’s Chief Investment Officer, followed by written confirmation via electronic mail at the same time as all other clients of Vendor Consultant are notified.

Conflicts of Interest Arising From Other Business Activities. Vendor Consultant acknowledges that certain business activities of Vendor Consultant and VendorConsultant’s affiliates create potential conflicts of interest which, if not properly managed, could have an adverse effect on the Services provided to LACERA by Vendor Consultant under this Agreement. Vendor Consultant represents and warrants that it has implemented appropriate procedures necessary to assure that no actual conflict of interest arises during the term of this Agreement, and that Vendor Consultant shall at all times properly discharge its duty of loyalty owed to LACERA as a result of Vendor Consultant acting as a fiduciary for LACERA. Vendor Consultant shall provide LACERA with an appropriate party within its organization to provide LACERA with information about any business relationship between Vendor Consultant and any of VendorConsultant’s affiliates and any investment manager recommended by VendorConsultant. Vendor Consultant shall notify LACERA of all recommendations and advice given by Vendor Consultant to any affiliate or other group of Vendor Consultant concerning or in any way related to an investment manager currently retained by LACERA. Such notice shall be transmitted by telephone call to LACERAXXXXXX’s Chief Investment Officer, followed by written confirmation via electronic mail at the same time as all other clients of Vendor Consultant are notified.