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

Conflicts of Interest Arising From Other Business Activities. Consultant acknowledges that certain business activities of Consultant and Consultant’s affiliates create potential conflicts of interest which, if not properly managed, could have an adverse effect on the Services provided to LACERA by Consultant under this Agreement. 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 Consultant shall at all times properly discharge its duty of loyalty owed to LACERA as a result of Consultant acting as a fiduciary for LACERA. Consultant shall provide LACERA with an appropriate party within its organization to provide LACERA with information about any business relationship between Consultant and any of Consultant’s affiliates and any investment manager recommended by Consultant. Consultant shall notify LACERA of all recommendations and advice given by Consultant to any affiliate or other group of 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 Consultant are notified.

Conflicts of Interest Arising From Other Business Activities. Consultant Vendor acknowledges that certain business activities of Consultant Vendor and ConsultantVendor’s affiliates create potential conflicts of interest which, if not properly managed, could have an adverse effect on the Services provided to LACERA by Consultant Vendor under this Agreement. Consultant 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 Consultant Vendor shall at all times properly discharge its duty of loyalty owed to LACERA as a result of Consultant Vendor acting as a fiduciary for LACERA. Consultant Vendor shall provide LACERA with an appropriate party within its organization to provide LACERA with information about any business relationship between Consultant Vendor and any of ConsultantVendor’s affiliates and any investment manager recommended by ConsultantVendor. Consultant Vendor shall notify LACERA of all recommendations and advice given by Consultant Vendor to any affiliate or other group of Consultant 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 Consultant Vendor are notified.

Conflicts of Interest Arising From Other Business Activities. Consultant Vendor acknowledges that certain business activities of Consultant Vendor and ConsultantVendor’s affiliates create potential conflicts of interest which, if not properly managed, could have an adverse effect on the Services provided to LACERA by Consultant Vendor under this Agreement. Consultant 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 Consultant Vendor shall at all times properly discharge its duty of loyalty owed to LACERA as a result of Consultant Vendor acting as a fiduciary for LACERA. Consultant Vendor shall provide LACERA with an appropriate party within its organization to provide LACERA with information about any business relationship between Consultant Vendor and any of ConsultantVendor’s affiliates and any investment manager recommended by ConsultantVendor. Consultant Vendor shall notify LACERA of all recommendations and advice given by Consultant Vendor to any affiliate or other group of Consultant Vendor 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 Consultant Vendor are notified.

Conflicts of Interest Arising From Other Business Activities. Consultant acknowledges that certain business activities of Consultant and Consultant’s affiliates create potential conflicts of interest which, if not properly managed, could have an adverse effect on the Services provided to LACERA by Consultant under this Agreement. 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 Consultant shall at all times properly discharge its duty of loyalty owed to LACERA as a result of Consultant acting as a fiduciary for LACERA. Consultant shall provide LACERA with an appropriate party within its organization to provide LACERA with information about any business relationship between Consultant and any of Consultant’s affiliates and any investment manager recommended by Consultant. Consultant shall notify LACERA of all recommendations and advice given by Consultant to any affiliate or other group of 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 Consultant are notified.