Common use of Other Activities of the Sub-Adviser Clause in Contracts

Other Activities of the Sub-Adviser. The Investment Manager agrees that the Sub-Adviser and any of its partners or employees, and persons affiliated with the Sub-Adviser or with any such partner or employee, may render investment management or advisory services to other investors and institutions, and that such investors and institutions may own, purchase or sell, securities or other interests in property that are the same as, similar to, or different from those which are selected for purchase, holding or sale for the Fund. The Investment Manager further acknowledges that the Sub-Adviser shall be in all respects free to take action with respect to investments in securities or other interests in property that are the same as, similar to, or different from those selected for purchase, holding or sale for the Fund. Purchases and sales of individual securities on behalf of the Fund and other series or portfolios of the Company or other accounts for investors or institutions as to which the Sub-Adviser exercises investment discretion will be made on a basis that is equitable and consistent with its fiduciary obligations to the Fund and such other accounts. Nothing in this Agreement shall impose upon the Sub-Adviser any obligation to purchase or sell, or recommend for purchase or sale, for the Fund any security which the Sub-Adviser, its partners, affiliates or employees may purchase or sell for the Sub-Adviser or such partner's, affiliate's or employee's own accounts or for the account of any other client of the Sub-Adviser, advisory or otherwise.

Other Activities of the Sub-Adviser. The Investment Manager agrees that the Sub-Adviser and any of its partners ------------------------------------ or employees, and persons affiliated with the Sub-Adviser or with any such partner or employee, may render investment management or advisory services to other investors and institutions, and that such investors and institutions may own, purchase or sell, securities or other interests in property that are the same as, similar to, or different from those which are selected for purchase, holding or sale for the Fund. The Investment Manager further acknowledges that the Sub-Adviser shall be in all respects free to take action with respect to investments in securities or other interests in property that are the same as, similar to, or different from those selected for purchase, holding or sale for the Fund. Purchases and sales of individual securities on behalf of the Fund and other series or portfolios of the Company or other accounts for investors or institutions as to which the Sub-Adviser exercises investment discretion will be made on a basis that is equitable and consistent with its fiduciary obligations to the Fund and such other accounts. Nothing in this Agreement shall impose upon the Sub-Adviser any obligation to purchase or sell, or recommend for purchase or sale, for the Fund any security which the Sub-Adviser, its partners, affiliates or employees may purchase or sell for the Sub-Adviser or such partner's, affiliate's or employee's own accounts or for the account of any other client of the Sub-Adviser, advisory or otherwise.

Other Activities of the Sub-Adviser. The Investment Manager agrees that the Sub-Adviser and any of its partners officers ------------------------------------ or employees, and persons affiliated with the Sub-Adviser or with any such partner officer or employee, may render investment management or advisory services to other investors and institutions, and that such investors and institutions may own, purchase or sell, securities or other interests in property that are the same as, similar to, or different from those which are selected for purchase, holding or sale for the Fund. The Investment Manager further acknowledges that the Sub-Adviser shall be in all respects free to take action with respect to investments in securities or other interests in property that are the same as, similar to, or different from those selected for purchase, holding or sale for the Fund. Purchases and sales of individual securities on behalf of the Fund and other series or portfolios of the Company or other accounts for investors or institutions as to which the Sub-Adviser exercises investment discretion will be made on a basis that is equitable and consistent with its fiduciary obligations to the Fund and such other accounts. Nothing in this Agreement shall impose upon the Sub-Adviser any obligation to purchase or sell, or recommend for purchase or sale, for the Fund any security which the Sub-Adviser, its partnersofficers, affiliates or employees may purchase or sell for the Sub-Adviser or such partnerofficer's, affiliate's or employee's own accounts or for the account of any other client of the Sub-Adviser, advisory or otherwise.

Other Activities of the Sub-Adviser. The Investment Manager agrees that the Sub-Adviser and any of its partners officers or employees, and persons affiliated with the Sub-Adviser or with any such partner officer or employee, may render investment management or advisory services to other investors and institutions, and that such investors and institutions may own, purchase or sell, securities or other interests in property that are the same as, similar to, or different from those which are selected for purchase, holding or sale for the Fund. The Investment Manager further acknowledges that the Sub-Adviser shall be in all respects free to take action with respect to investments in securities or other interests in property that are the same as, similar to, or different from those selected for purchase, holding or sale for the Fund. Purchases and sales of individual securities on behalf of the Fund and other series or portfolios of the Company or other accounts for investors or institutions as to which the Sub-Adviser exercises investment discretion will be made on a basis that is equitable and consistent with its fiduciary obligations to the Fund and such other accounts. Nothing in this Agreement shall impose upon the Sub-Adviser any obligation to purchase or sell, or recommend for purchase or sale, for the Fund any security which the Sub-Adviser, its partnersofficers, affiliates or employees may purchase or sell for the Sub-Adviser or such partnerofficer's, affiliate's or employee's own accounts or for the account of any other client of the Sub-Adviser, advisory or otherwise.