Common use of Prohibited Conduct Clause in Contracts

Prohibited Conduct. In providing the services described in this Agreement, the Subadvisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment advisory services to any of the Funds series regarding transactions for the Fund in securities or other assets. In addition, the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed pursuant to this Agreement to any affiliated or unaffiliated third party.

Prohibited Conduct. In providing the services described in this Agreement, the Subadvisor Subadviser will not consult with any other investment advisory firm that the Subadvisor knows provides investment advisory services to any of the Funds series investment company sponsored by Phoenix Investment Partners, Ltd. regarding transactions for the Fund in securities or other assets. In addition, the Subadvisor Subadviser shall not, without the prior written consent of the Fund and the AdvisorAdviser, delegate any obligations obligation assumed pursuant to this Agreement to any affiliated or unaffiliated third party.

Prohibited Conduct. In providing the services described in this Agreementagreement, the Subadvisor Sub-Adviser will not consult with any other investment advisory firm that the Subadvisor knows provides investment sub-advisory services to any of the Funds series Fund or a fund that is under common control with the Fund regarding transactions for the Fund in the securities or other assets. In addition, assets allocated to the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed Sub-Adviser pursuant to this Agreement to any affiliated or unaffiliated third partyAgreement, except as provided by Rule 12d-3-1 under the 1940 Act.

Prohibited Conduct. In providing the services described in this Agreementagreement, the Subadvisor Sub-Advisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment sub-advisory services to any of the Funds series Fund or a fund that is under common control with the Fund regarding transactions for the Fund in the securities or other assets. In addition, assets allocated to the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed Sub-Advisor pursuant to this Agreement to any affiliated or unaffiliated third partyAgreement, except as permitted by Rule 12d-3-1 under the 1940 Act.

Prohibited Conduct. In providing the services described in this Agreement, the Subadvisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment advisory services to any of the Funds series regarding transactions for the Fund in securities or other assets. In addition, the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed pursuant to this Agreement to any affiliated or unaffiliated third party. 8.

Prohibited Conduct. In providing the services described in this Agreementagreement, the Subadvisor Sub- Advisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment sub-advisory services to any of the Funds series Fund or a fund that is under common control with the Fund regarding transactions for the Fund in the securities or other assets. In addition, assets allocated to the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed Sub-Advisor pursuant to this Agreement to any affiliated or unaffiliated third partyAgreement, except as provided by Rule 12d-3-1 under the 1940 Act.

Prohibited Conduct. In providing the services described in this Agreement, the Subadvisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment advisory services to any of the Funds series regarding transactions for the Fund in securities or other assets, except as permitted by applicable Rule 12d3-1 under the 1940 Act. In addition, the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed pursuant to this Agreement to any affiliated or unaffiliated third party.

Prohibited Conduct. In providing the services described in this Agreementagreement, the Subadvisor Sub- Advisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment sub-advisory services to any of the Funds series Fund or a fund that is under common control with the Fund regarding transactions for the Fund in the securities or other assets. In addition, assets allocated to the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed Sub-Advisor pursuant to this Agreement to any affiliated or unaffiliated third partyAgreement, except as permitted by Rule 12d-3-1 under the 1940 Act.

Prohibited Conduct. In providing the services described in this Agreementagreement, the Subadvisor Sub- Adviser will not consult with any other investment advisory firm that the Subadvisor knows provides investment sub-advisory services to any of the Funds series Fund or a fund that is under common control with the Fund regarding transactions for the Fund in the securities or other assets. In addition, assets allocated to the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed Sub-Adviser pursuant to this Agreement to any affiliated or unaffiliated third partyAgreement, except as provided by Rule 12d-3-1 under the 1940 Act.

Prohibited Conduct. In providing the services described in this Agreement, the Subadvisor Subadviser will not consult with any other investment advisory firm that the Subadvisor Subadviser knows provides investment advisory services to any of the Funds series investment company sponsored by Phoenix Investment Partners, Ltd. regarding transactions for the Fund in securities or other assets. In addition, the Subadvisor Subadviser shall not, without the prior written consent of the Fund and the AdvisorAdviser, delegate any obligations assumed pursuant to this Agreement to any affiliated or unaffiliated third party.

Prohibited Conduct. In providing the services described in this Agreement, the Subadvisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment advisory services to any of the Funds series regarding transactions for the Fund in securities or other assets. In addition, the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed pursuant to this Agreement to any affiliated or unaffiliated third party. 8.

Prohibited Conduct. In providing the services described in this Agreementagreement, the Subadvisor Sub-Advisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment sub-advisory services to any of the Funds series Fund or a fund that is NB- 3 under common control with the Fund regarding transactions for the Fund in the securities or other assets. In addition, assets allocated to the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed Sub-Advisor pursuant to this Agreement to any affiliated or unaffiliated third partyAgreement, except as provided by Rule 12d-3-1 under the 1940 Act.

Prohibited Conduct. In providing the services described in this Agreement, the Subadvisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment advisory services to any of the Funds series regarding transactions for the Fund in securities or other assets. In addition, the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed pursuant to this Agreement to any affiliated or unaffiliated third party.

Prohibited Conduct. In providing the services described in this Agreement, the Subadvisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment advisory services to any of the Funds series regarding transactions for the Fund in securities or other assets, except as permitted by applicable Rule 12d3-1 under the 1940 Act. In addition, the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed pursuant to this Agreement to any affiliated or unaffiliated third party. 8.

Prohibited Conduct. In providing the services described in this Agreementagreement, the Subadvisor Sub- Advisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment sub-advisory services to any of the Funds series Fund or a fund that is under common control with the Fund regarding transactions for the Fund in the securities or other assets. In addition, assets allocated to the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed Sub- Advisor pursuant to this Agreement to any affiliated or unaffiliated third partyAgreement, except as permitted by Rule 12d- 3-1 under the 1940 Act.

Prohibited Conduct. In providing the services described in this Agreement, the Subadvisor will not consult with any other investment advisory firm that the Subadvisor knows provides investment advisory services to any of the Funds series regarding transactions for the Fund in securities or other assets. In addition, the Subadvisor shall not, without the prior written consent of the Fund and the Advisor, delegate any obligations assumed pursuant to this Agreement to any affiliated or unaffiliated third party.. 4