Soft Commissions Sample Clauses
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Soft Commissions. The subadviser may effect transactions under the Agreement with or through the agency of a person who provides services under a Soft Commission Agreement, as defined in the rules of IMRO, and will report such transactions to the Adviser upon request. All such transactions must comply with applicable federal and state regulations in the United States and any mutually agreed upon policies and procedures.
Soft Commissions. Manager, as a matter of policy and practice, does not utilise research, research-related products and other services obtained from brokers, or third parties, on a soft commission basis.
Soft Commissions. (clause 18)
Soft Commissions. The Investment Manager and/or any company associated with it may effect transactions by or through the agency of another person with whom the Investment Manager and/or any company associated with it may have an arrangement under which that party will from time to time provide to or procure for the Investment Manager and/or any company associated with it goods, services and other benefits, such as research and advisory services, computer hardware, telecommunications equipment, software, database services and other similar services, the nature of which is such that their provision can reasonably be expected to benefit the Company as a whole and may contribute to an improvement in the performance of the Company or of the Investment Manager and/or any company associated with it in providing services to the Company. The Manager and/or any company associated with it shall not receive any direct payment from such party. The Manager and/or any company associated with it may however undertake to place business with that party. For the avoidance of doubt, such goods and services do not include travel, accommodation, entertainment, general administrative goods or services, general office equipment or premises, membership fees, employee salaries or direct money payments. In any event, the execution of transactions will be consistent with best execution standards, and brokerage rates will not be in excess of customary institutional full-service brokerage rates.
Soft Commissions. It is the present intention of the Trust that no soft commissions shall be payable to third parties. If at some future time such commissions are paid, any relevant contracts with third parties shall be on best execution terms and details shall be reported in the periodic reports of the Trust. The Investment Advisors may receive a fee for trades as described in the section entitled “Fees and Expenses”. The Trust will seek competitive bids for execution costs.
Soft Commissions. The Manager’s policy on soft commissions is stated in the Schedule, which also lists such soft commission agreements (if any) as may be relevant to this Agreement.