Actively Managed Funds definition
Actively Managed Funds. The Client hereby directs the Manager to use its best efforts to select investments for each Account in compliance with applicable restrictions and on the basis of the investments' possibilities for achieving each such Account's objectives and satisfying such needs. The Client understands and is willing to accept the risk involved therein and further understands that there can be no assurance that such objectives will be achieved. A list of the initial Accounts is contained in Exhibit I attached hereto, as the same may be amended from time to time. Under no circumstances shall the obligations, liabilities, or remedies relating to a particular Account constitute the obligations, liabilities or remedies for any other Account.