Manager will be prohibited under the terms of the Investment Management Agreement from directing the acquisition of Collateral from, or disposition of Collateral to. its Affiliates or any other account managed by the Investment Manager except in a transaction conducted on an arm's-length basis, where the terms of such transaction are substantially as advantageous to the Issuer as the terms the Issuer would obtain in a comparable arm's length transaction with a non-Affiliate. and where such transaction complies with the Advisers Act. The Investment Manager currently serves as the portfolio manager for a number of collateralized debt obligation transactions. retail mutual funds. institutional funds and private accounts secured by collateral consisting primarily of non-investment grade secured bank loans. Although the professional staff of the Investment Manager will devote as much time to the Issuer as the Investment Manager deems appropriate to perform its duties in accordance with the Investment Management Agreement. the staff of the Investment Manager may have conflicts in allocating their time and services among the Issuer and the Investment Manager's other accounts. The Investment Manager may. in its sole discretion, aggregate orders for its accounts under management. Depending upon market conditions. the aggregation of orders may result in a higher or lower average price paid or received by a client. There is no assurance that any CDO Vehicle or other client with strategies or investment objectives similar to the Issuer will hold the same assets or perform in a similar manner. On each Distribution Date, the Investment Manager will be paid the Investment Manager Incentive Fee Amount to the extent of funds available in accordance with the Priority of Payments. The manner in which the Investment Manager Incentive Fee Amount is determined could create an incentive for the Investment Manager to make more speculative investments in the Collateral tha