Common use of Soft Dollars Clause in Contracts

Soft Dollars. Subject to the Manager’s obligation to obtain best execution, the Manager is authorized to pay, or authorize the payment and reimbursement of, brokerage commissions which may be in excess of the lowest rates available and which are paid to Brokers who execute transactions for the Account and who supply or pay for the cost of research and execution services in accordance with the provisions of Section 28(e) of the Securities Exchange Act of 1934, as amended (the “Safe Harbor”), as interpreted by the Securities and Exchange Commission (“SEC”). The Manager shall not knowingly use any “soft dollars” generated by the Account for purposes outside of the Safe Harbor without the consent of the Client in each instance.