Common use of Directed Brokerage Clause in Contracts

Directed Brokerage. The parties hereto understand and agree that neither Invesco nor its affiliates will provide, and Insurer will not accept, any brokerage commissions for transactions in Portfolio securities of the Fund or affiliates of the Fund (“Directed Brokerage”) that would in any way pay for, mitigate or offset any financial obligation that Invesco has under this Agreement. Directed Brokerage would include any agreement or arrangement, whether explicit or implicit, and whether written or oral, in which Insurer or its affiliates receive, in consideration for, or recognition of, the sale of Fund shares, support payments in the form of brokerage commissions, brokerage transactions (orders for the purchase or sale of Fund portfolio securities), xxxx-ups, xxxx-xxxxx, other fees (or any portion thereof) payable or to be payable from portfolio transactions for the account of a Fund (whether executed by Insurer or its affiliates or any other broker or dealer) or other quid pro quo-type arrangement, such as the purchase or sale of a security issued by Insurer or its affiliates in recognition of Insurer’s or its affiliates’ sale or promotion of Fund shares or client referrals.

Directed Brokerage. The parties hereto understand and agree that neither Invesco AIM Distributors nor its affiliates will provide, and Insurer will not accept, any brokerage commissions for transactions in Portfolio securities of the Fund or affiliates of the Fund (“Directed Brokerage”) that would in any way pay for, mitigate or offset any financial obligation that Invesco AIM Distributors has under this Agreement. Directed Brokerage would include any agreement or arrangement, whether explicit or implicit, and whether written or oral, in which Insurer or its affiliates receivereceives, in consideration for, or recognition of, the sale of Fund shares, support payments in the form of brokerage commissions, brokerage transactions (orders for the purchase or sale of Fund portfolio securities), xxxxmark-ups, xxxx-xxxxx, other fees (or any portion thereof) payable or to be payable from portfolio transactions for the account of a Fund (whether executed by Insurer or its affiliates or any other broker or dealer) or other quid pro quo-type arrangement, such as the purchase or sale of a security issued by Insurer or its affiliates in recognition of Insurer’s or its affiliates’ sale or promotion of Fund shares or client referrals.

Directed Brokerage. The parties hereto understand and agree that neither Invesco Distributor nor its affiliates will provide, and Insurer Financial Intermediary will not accept, any brokerage commissions for transactions in Portfolio portfolio securities of the Fund Funds or affiliates of the Fund Funds (“Directed Brokerage”) that would in any way pay for, mitigate or offset any financial obligation that Invesco Distributor has under this Agreement. Directed Brokerage would include any agreement or arrangement, whether explicit or implicit, and whether written or oral, in which Insurer or its affiliates receiveFinancial Intermediary receives, in consideration for, or recognition of, the sale of Fund shares, support payments in the form of brokerage commissions, brokerage transactions (orders for the purchase or sale of Fund portfolio securities), xxxx-ups, xxxx-xxxxx, other fees (or any portion thereof) payable or to be payable from portfolio transactions for the account of a Fund (whether executed by Insurer or its affiliates Financial Intermediary or any other broker or dealer) or other quid pro quo-type arrangement, such as the purchase or sale of a security issued by Insurer Financial Intermediary or its affiliates in recognition of InsurerFinancial Intermediary’s or its affiliates’ sale or promotion of Fund shares or client referrals.