Common use of TRADING PROCEDURES Clause in Contracts

TRADING PROCEDURES. All transactions authorized by this Agreement shall be settled through Custodian, who shall retain sole possession of and have complete custodial responsibility for the Managed Assets. Investment Manager shall be the sole entity to notify and instruct Custodian on: (a) orders that Investment Manager places for the sale, purchase, or exchange of any Managed Assets and the management or disposition of Managed Assets, and (b) the purchase or acquisition of other securities or property for the Account. All orders shall be based upon “best execution.” Investment Manager shall provide Custodian with all trade information that Custodian may require to effect settlement, within the time frames as Custodian may designate. Investment Manager shall obtain Custodian’s detailed procedures and settlement instructions upon execution of this Agreement, and hereby warrants compliance therewith with respect to the Managed Assets.

TRADING PROCEDURES. All transactions authorized by this Agreement shall be settled through Custodian, who shall retain sole possession of and have complete custodial responsibility for the Managed Assets. Investment Manager shall be the sole entity to notify and instruct Custodian on: (ai) orders that Investment Manager places for the sale, purchase, or exchange of any Managed Assets and the management or disposition of Managed Assets, Assets and (bii) the purchase or acquisition of other securities or property for the Account. All orders shall be based upon “best execution.” Investment Manager shall provide Custodian with all trade information that Custodian may require to effect settlement, within the time frames as Custodian may designate. Investment Manager shall obtain Custodian’s detailed procedures and settlement instructions upon execution of this Agreement, and hereby warrants compliance therewith shall comply with such procedures and instructions with respect to the Managed Assets.