PURCHASE AND SALE OF INVESTMENTS. OF THE FUND OTHER THAN OPTIONS, FUTURES CONTRACTS AND FUTURES CONTRACT OPTIONS
PURCHASE AND SALE OF INVESTMENTS. OF THE FUND OTHER THAN OPTIONS, FUTURES CONTRACTS, FUTURES CONTRACT OPTIONS, REPURCHASE AGREEMENTS, REVERSE REPURCHASE AGREEMENTS AND SHORT SALES
PURCHASE AND SALE OF INVESTMENTS. (a) Selection of Broker-Dealers and other Market Intermediaries. Except to the extent otherwise instructed in writing by Client (it being understood that Client, acting on behalf of the Fund, may, in its absolute discretion and consistent with the requirements of the 1940 Act and other applicable law, direct Fund portfolio transactions for which Subadviser is responsible to any broker-dealer or market intermediary that Client may designate), Subadviser shall place all orders for the purchase or sale of investments on behalf of the Account with broker-dealers or other market intermediaries (i.e., foreign currency dealers and futures commission merchants) selected by Subadviser, but not with a person affiliated with Subadviser, as the term “affiliated person” is defined in the 1940 Act (an “Affiliate”), unless the transaction is in compliance with applicable law and with the Fund Policies, copies of which shall be provided to Subadviser.
PURCHASE AND SALE OF INVESTMENTS. (a) Promptly after each purchase of Securities by the Fund, the Fund shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, a Certificate; and (ii) with respect to each purchase of Money Market Securities, either a Written Instruction or Oral Instruction, in either case specifying with respect to each purchase: (1) the Series to which the Securities purchased are to be specifically allocated; (2) the name of the issuer and the title of the Securities; (3) the number of shares or the principal amount purchased and accrued interest, if any; (4) the date of purchase and settlement; (5) the purchase price per unit; (6) the total amount payable upon such purchase; (7) the name of the person from whom or the broker through whom the purchase was made, if any; and (8) whether or not such purchase is to be settled through the Book-Entry System or the Depository. The Custodian shall receive the Securities purchased by or for such Series and upon receipt of Securities shall pay out of the monies held for the account of such Series the total amount payable upon such purchase, provided that the same conforms to the total amount payable as set forth in such Certificate, Written or Oral Instruction.
PURCHASE AND SALE OF INVESTMENTS. (a) Selection of Broker-Dealers and other Market Intermediaries. Except to the extent otherwise instructed in writing by Client (it being understood that Client, acting on behalf of the Fund, may, in its absolute discretion and consistent with the requirements of the 1940 Act and other applicable law, direct Fund portfolio transactions for which Subadviser is responsible to any broker-dealer or market intermediary that Client may designate), Subadviser shall place all orders for the purchase or sale of investments on behalf of the Account with broker-dealers or other market intermediaries (i.e., foreign currency dealers and futures commission merchants) selected by Subadviser, but not with a person affiliated with Subadviser, as the term “affiliated person” is defined in the 1940 Act (an “Affiliate”), unless the transaction is in compliance with applicable laws and rules and with the Fund Policies, copies of which shall be provided to Subadviser. Client acknowledges that should it direct Subadviser to use specific broker-dealers in execution of the Fund’s trades, that such trades may not be consistent with best execution.
PURCHASE AND SALE OF INVESTMENTS. OF THE FUND --------------------------------------------
PURCHASE AND SALE OF INVESTMENTS. (a) Selection of Broker-Dealers and other Market Intermediaries. Except to the extent otherwise instructed in writing by Client (it being understood that Client, acting on behalf of the Fund, may, in its absolute discretion and consistent with the requirements of the 1940 Act and other applicable law, direct Fund portfolio transactions for which Subadviser is responsible to any broker-dealer or market intermediary that Client may designate and Subadviser will use best efforts to follow such directions in accordance with its Policy and Procedures Regarding Allocation of Trades), Subadviser shall place all orders for the purchase or sale of investments on behalf of the Account with broker-dealers or other market intermediaries (i.e., foreign currency dealers and futures commission merchants) selected by Subadviser, but not with a person affiliated with Subadviser, as the term “affiliated person” is defined in the 1940 Act (an “Affiliate”), unless the transaction is in compliance with applicable law and with the Fund Policies, copies of which shall be provided to Subadviser. Subadviser will make reasonable efforts to ensure that broker-dealers or other market intermediaries perform their obligations to the Account, provided, however, that Subadviser will not be responsible or liable for any act or omission of any broker-dealer or other market intermediary.
PURCHASE AND SALE OF INVESTMENTS. OF THE CORPORATION OTHER THAN OPTIONS, FUTURES CONTRACTS AND FUTURES CONTRACT OPTIONS
PURCHASE AND SALE OF INVESTMENTS. (a) Selection of Broker-Dealers and other Market Intermediaries. Except to the extent otherwise instructed in writing by VIA to Subadviser under the Subadvisory Agreement (it being understood that VIA, acting on behalf of the Fund, may, in its absolute discretion and consistent with the requirements of the 1940 Act and other applicable law, direct Fund portfolio transactions for which Sub-Subadviser is responsible to any broker-dealer or market intermediary that VIA may designate), Sub-Subadviser shall place all orders for the purchase or sale of investments on behalf of the Account with broker-dealers or other market intermediaries (i.e., foreign currency dealers and futures commission merchants) selected by Sub-Subadviser, but not with a person affiliated with Sub-Subadviser, as the term “affiliated person” is defined in the 1940 Act (an “Affiliate”), unless the transaction is in compliance with applicable law and with the Fund Policies, copies of which shall be provided to Sub-Subadviser by the Subadviser.
PURCHASE AND SALE OF INVESTMENTS. OF VCA-7 (a) Promptly after placing each order to purchase Securities for XXX-0, XXX-0 shall transmit to the Custodian Instructions specifying with respect to each purchase: (1) The name of the issuer and the title of the Securities; (2) The number of shares or the principal amount purchased and accrued interest, if any; (3) The date of purchase and settlement; (4) The purchase price per unit; (5) The total amount payable upon such purchase; (6) The name of the person from whom or the dealer through whom the purchase was made; and (7) Whether or not such purchase is to be settled through the Book-Entry System or the Depository. The Custodian shall receive all Securities purchased by or for VCA-7 and upon receipt of Securities (including purchases effected through the Book-Entry System or Depository in accordance with Section 4(b), above) shall pay out of the cash held for the account of VCA-7 the total amount payable upon such purchase, provided that the same conforms to the total amount payable as set forth in such Instructions. (b) Promptly after each sale of Securities of XXX-0, XXX-0 shall transmit to the Custodian Instructions specifying with respect to such sale: (1) The name of the issuer and the title of the Securities; (2) The number of shares or principal amount sold, and accrued interest, if any; (3) The date of sale; (4) The sale price per unit; (5) The total amount payable to VCA-7, upon such sale; (6) The name of the dealer through whom or the person to whom the sale was made; and (7) Whether such sale is to be settled through the Book-Entry System or the Depository. The Custodian shall deliver or cause the Securities to be delivered to the dealer or other person designated by VCA-7 only upon receipt of the total amount payable to VCA-7 as set forth in such Instructions. Subject to the foregoing, the Custodian may accept payment in such form as shall be satisfactory to it, and may deliver Securities and arrange for payment in accordance with the customs prevailing among dealers in Securities as further described in (d) below. (c) In connection with the transactions described in this Agreement, Custodian is not obligated to effect any transaction or make any payment in connection therewith unless there are sufficient available funds on deposit in VCA-7's account or funds have otherwise been made available to Custodian therefor to its satisfaction. The amount by which payments made by Custodian with respect to property in, or to be received for...
