MATERIAL INTERESTS. The Local Manager and any of its affiliates (an "Affiliate") may, subject to the overriding principles of suitability and best execution and without prior reference to VKAM, effect transactions in which the Local Manager or Affiliate has, directly or indirectly, a material interest or a relationship of any description with another party, which may involve a potential conflict with the Local Manager's duty to VKAM. Neither the Local Manager nor any Affiliate shall be liable to account to VKAM for any profit, commission or remuneration made or received from or by reason of such transactions or any connected transactions nor will the Local Manager's fees, unless otherwise provided, be abated. For example, such potential conflicting interests or duties may arise because: - any of the Local Manager's or Affiliate's directors or employees is a director of, holds or deals in securities of, or is otherwise interested in any company whose securities are held or dealt in on behalf of VKAM; - the transaction is in the securities of a company for which an Affiliate has provided corporate finance advice, underwritten, managed or arranged an issue or offer for sale; - the Local Manager may act as agent for VKAM in relation to transactions in which it is also acting as agent for the account of other clients and/or an Affiliate; - the transaction is in units or shares of a collective investment scheme (regulated or unregulated) of which the Local Manager or any Affiliate is the manager, operator, banker, adviser, custodian or trustee; or - The Local Manager may act as agent for a counterparty and also act as agent on behalf of VKAM and in the course of so acting may charge a commission to either the counterparty or VKAM.
Appears in 10 contracts
Samples: Agreement (Van Kampen Equity Trust), Sub Advisory Agreement (Van Kampen Retirement Strategy Trust), Investment Sub Advisory Agreement (Van Kampen Bond Fund)
