Common use of Futures and Options Clause in Contracts

Futures and Options. The Sub-Advisor’s investment authority shall include, to the extent permitted under Section 2 hereof, the authority to purchase, sell, and cover open positions, and generally to deal in financial futures contracts and options thereon. The Sub-Advisor may: (i) open and maintain brokerage accounts for financial futures and options and securities (such accounts hereinafter referred to as “Brokerage Accounts”) on behalf of and in the name of the Fund; and (ii) execute for and on behalf of the Brokerage Accounts, standard customer agreements with a broker or brokers. The Sub-Advisor may, using such of the securities and other property in the Brokerage Accounts as the Sub-Advisor deems necessary or desirable, direct the custodian to deposit on behalf of the Fund, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as the Sub-Advisor deems desirable or appropriate.

Futures and Options. The Sub-AdvisorAdviser’s investment authority shall include, to the extent permitted under Section 2 hereof2, the authority to purchase, sell, and cover open positions, and generally to deal in financial futures contracts and options thereon. The Sub-Advisor Adviser may: (i) open and maintain brokerage accounts for financial futures and options and securities (such accounts hereinafter referred to as “Brokerage Accounts”) on behalf of and in the name of the Fund; and (ii) execute for and on behalf of the Brokerage Accounts, standard customer agreements with a broker or brokers. The Sub-Advisor Adviser may, using such of the securities and other property in the Brokerage Accounts as the Sub-Advisor Adviser deems necessary or desirable, direct the custodian to deposit on behalf of the FundFunds, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as the Sub-Advisor Adviser deems desirable or appropriate.

Futures and Options. The Sub-Advisor’s Adviser's investment authority shall include, to the extent permitted under Section 2 hereof2, the authority to purchase, sell, and cover open positions, and generally to deal in financial futures contracts and options thereon. The Sub-Advisor Adviser may: (i) open and maintain brokerage accounts for financial futures and options and securities (such accounts hereinafter referred to as “"Brokerage Accounts”") on behalf of and in the name of the Fund; and (ii) execute for and on behalf of the Brokerage Accounts, standard customer agreements with a broker or brokers. The Sub-Advisor Adviser may, using such of the securities and other property in the Brokerage Accounts as the Sub-Advisor Adviser deems necessary or desirable, direct the custodian to deposit on behalf of the FundFunds, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as the Sub-Advisor Adviser deems desirable or appropriate.

Futures and Options. The Sub-Advisor’s Adviser's investment authority shall include, to the extent permitted under Section 2 hereof2, the authority to purchase, sell, and cover open positions, and generally to deal in financial futures contracts and options thereon. The Sub-Advisor mayAdviser is authorized to: (i) open and maintain brokerage accounts for financial futures and options and securities (such accounts hereinafter referred to as “"Brokerage Accounts”") on behalf of and in the name names of the FundFunds; and (ii) execute for and on behalf of the Funds' Brokerage Accounts, standard customer agreements with a broker or brokers. The Sub-Advisor Adviser may, using such of the securities and other property in the Brokerage Accounts as the Sub-Advisor Adviser deems necessary or desirable, direct the custodian to deposit on behalf of the FundFunds, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as the Sub-Advisor Adviser deems desirable or appropriate.

Futures and Options. The Sub-Advisor’s investment authority shall include, to the extent permitted under Section 2 hereof2, the authority to purchase, sell, and cover open positions, and generally to deal in financial futures contracts and options thereon. The Sub-Advisor mayis authorized to: (i) open and maintain brokerage accounts for financial futures and options and securities (such accounts hereinafter referred to as “Brokerage Accounts”) on behalf of and in the name names of the Fund; and (ii) execute for and on behalf of the Fund’s Brokerage Accounts, standard customer agreements with a broker or brokers. The Sub-Advisor may, using such of the securities and other property in the Brokerage Accounts as the Sub-Advisor deems necessary or desirable, direct the custodian to deposit on behalf of the Fund, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as the Sub-Advisor deems desirable or appropriate.

Futures and Options. The Sub-AdvisorAdviser’s investment authority shall include, to the extent permitted under Section 2 hereof2, the authority to purchase, sell, and cover open positions, and generally to deal in financial futures contracts and options thereon. The Sub-Advisor mayAdviser is authorized to: (i) open and maintain brokerage accounts for financial futures and options and securities (such accounts hereinafter referred to as “Brokerage Accounts”) on behalf of and in the name names of the Fund; and (ii) execute for and on behalf of the Fund’s Brokerage Accounts, standard customer agreements with a broker or brokers. The Sub-Advisor Adviser may, using such of the securities and other property in the Brokerage Accounts as the Sub-Advisor Adviser deems necessary or desirable, direct the custodian to deposit on behalf of the Fund, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as the Sub-Advisor Adviser deems desirable or appropriate.

Futures and Options. The Sub-Advisor’s Adviser's investment authority shall include, to the extent permitted under Section 2 hereof2, the authority to purchase, sell, and cover open positions, and generally to deal in financial futures contracts and options thereon. The Sub-Advisor mayAdviser is authorized to: (i) open and maintain brokerage accounts for financial futures and options and securities (such accounts hereinafter referred to as “"Brokerage Accounts”") on behalf of and in the name names of the Fund; and (ii) execute for and on behalf of the Fund's Brokerage Accounts, standard customer agreements with a broker or brokers. The Sub-Advisor Adviser may, using such of the securities and other property in the Brokerage Accounts as the Sub-Advisor Adviser deems necessary or desirable, direct the custodian to deposit on behalf of the Fund, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as the Sub-Advisor Adviser deems desirable or appropriate.