Common use of Other Agreements and Obligations Clause in Contracts

Other Agreements and Obligations. It is understood that the Manager may have advisory or other contracts with other persons, firms, or organizations (some of which may have investment policies similar to those of the Account) and may have other interests and businesses. In these connections the Manager may acquire information of a confidential nature. The Client agrees that the Manager shall not be required to provide investment advice or take any other action on behalf of the Account with respect to any particular investment if such action by the Manager would involve a violation of law. All information and advice furnished by either party to this Agreement shall be treated as confidential and shall not be disclosed to third parties except as required by law. The Manager may act as investment adviser to other clients and may give advice, and take action, with respect to any of those clients that may differ from the advice given, or the timing or nature of action taken, with respect to the Account. The Manager shall have no obligation to purchase or sell for Client, or to recommend for purchase or sale by Client, any security that the Manager, its principals, affiliates or employees may purchase for themselves or for any other clients.