Common use of Transactions in Derivatives Clause in Contracts

Transactions in Derivatives. 3.1 Subject always to the provisions and restrictions contained in the Investment Guidelines, the Trust’s Derivatives Instruments Procedures as provided to the Subadviser and the 1940 Act and Section 1.1.i. of this Appendix B, the Subadviser has authority and power on behalf of the Adviser to purchase, sell, hold, effect, settle, close-out and generally deal in and with domestic or foreign Derivatives (which shall include Contingent Liability Investments and “over the counter” Options or other transactions in Derivatives (including, without limitation, swaps, swaptions, credit default swaps, loan credit default swaps, structured products, securitised derivatives and strips) on contractual terms other than those of investment exchanges recognised or designated by the FSA) and the Adviser agrees that:

Transactions in Derivatives. 3.1 Subject always to the provisions and restrictions contained in the Investment Guidelines, the Trust’s Derivatives Instruments Procedures as provided to the Subadviser and the 1940 Act and Section 1.1.i. of this Appendix B, the Subadviser has authority and power on behalf of the Adviser to purchase, sell, hold, effect, settle, close-out and generally deal in and with domestic or foreign Derivatives (which shall include Contingent Liability Investments and “over the counter” Options or other transactions in Derivatives (including, without limitation, swaps, swaptions, credit default swaps, loan credit default swaps, structured products, securitised securitized derivatives and strips) on contractual terms other than those of investment exchanges recognised recognized or designated by the FSAFCA) and the Adviser agrees that:

Transactions in Derivatives. 3.1 Subject always to the provisions and restrictions contained in the Investment Guidelines, the Trust’s Derivatives Instruments Procedures as provided to the Subadviser and the 1940 Act and Section 1.1.i. of this Appendix B, the Subadviser has authority and power on behalf of the Adviser to purchase, sell, hold, effect, settle, close-out closeout and generally deal in and with domestic or foreign Derivatives (which shall include Contingent Liability Investments and “over the counter” Options or other transactions in Derivatives (including, without limitation, swaps, swaptions, credit default swaps, loan credit default swaps, structured products, securitised securitized derivatives and strips) on contractual terms other than those of investment exchanges recognised recognized or designated by the FSA) and the Adviser agrees that:

Transactions in Derivatives. 3.1 Subject always to the provisions and restrictions contained in the Investment Guidelines, the Trust’s Derivatives Instruments Procedures as provided to the Subadviser and the 1940 Act and Section 1.1.i. of this Appendix B, the Subadviser has Subadvisers have authority and power on behalf of the Adviser to purchase, sell, hold, effect, settle, close-out and generally deal in and with domestic or foreign Derivatives (which shall include Contingent Liability Investments and “over the counter” Options or other transactions in Derivatives (including, without limitation, swaps, swaptions, credit default swaps, loan credit default swaps, structured products, securitised securitized derivatives and strips) on contractual terms other than those of investment exchanges recognised recognized or designated by the FSA) and the Adviser agrees that: