Common use of Portfolio Implementation Clause in Contracts

Portfolio Implementation. i. In order to implement Advisor’s investment advice with respect to Clients and Client Accounts, including Advisor’s selection of Model Portfolios or custom models or portfolios for Client Accounts, Altruist (as agent of Advisor) generally has exclusive authority to buy, sell (including short sales), trade, exchange, convert, spread, hold, or otherwise effect transactions for and with respect to Investments, all at such times, in such amounts, and at such prices as Advisor or Altruist, in its sole and absolute discretion, may determine. ii. Advisor shall appoint Altruist as Advisor’s attorney-in-fact to negotiate, execute, deliver, and enter into such brokerage, give-up, exchange-for-physical, and such other agreements, instruments, and authorizations on behalf of the Clients on such terms and conditions as Altruist, acting in its sole and absolute discretion, deems necessary or appropriate.

Portfolio Implementation. i. (i) In order to implement Advisor’s Advisorʼs investment advice with respect to Clients and Client Accounts, including Advisor’s Advisorʼs selection of Model Portfolios or custom models or portfolios for Client Accounts, Altruist (as agent of Advisor) generally has exclusive authority to buy, sell (including short sales), trade, exchange, convert, spread, hold, or otherwise effect transactions for and with respect to Investments, all at such times, in such amounts, and at such prices as Advisor or Altruist, in its sole and absolute discretion, may determine. (ii. ) Advisor shall appoint Altruist as Advisor’s Advisorʼs attorney-in-fact to negotiate, execute, deliver, and enter into such brokerage, give-up, exchange-for-physical, and such other agreements, instruments, and authorizations on behalf of the Clients on such terms and conditions as Altruist, acting in its sole and absolute discretion, deems necessary or appropriate.