Common use of IMPARTIAL CONDUCT STANDARDS Clause in Contracts

IMPARTIAL CONDUCT STANDARDS. 1. Manager shall use the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent investor acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims, based on the investment objectives, risk tolerance, financial circumstances, and needs of Client, without regard to the financial or other interests of Manager, any affiliate or related entity of Manager, or any other party. 2. Manager, its affiliates and related entities, shall receive no more than reasonable compensation for its services. 3. Statements made by Manager to Client regarding recommended transactions, fees and compensation, material conflicts of interest and any other matters relevant to Client's decisions shall not be materially misleading when made.

Appears in 2 contracts

Sources: Investment Advisory Agreement, Investment Advisory Agreement

IMPARTIAL CONDUCT STANDARDS. 1. Manager Advisor shall use the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent investor acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims, based on the investment objectives, risk tolerance, financial circumstances, and needs of Client, without regard to the financial or other interests of ManagerAdvisor, any affiliate or related entity of ManagerAdvisor, or any other party. 2. ManagerAdvisor, its affiliates and related entities, shall receive no more than reasonable compensation for its services. 3. Statements made by Manager Advisor to Client regarding recommended transactions, fees and compensation, material conflicts of interest and any other matters relevant to Client's decisions shall not be materially misleading when made.

Appears in 2 contracts

Sources: Non Discretionary Investment Advisory Agreement, Non Discretionary Investment Advisory Agreement