Common use of Account Options Clause in Contracts

Account Options. (a) At the time of each transaction, Broker/Dealer guarantees the legal capacity of its customers so transacting in Interests and any co-owners of such Interests. (b) Unless otherwise instructed by Salient Capital or the Administrator, Broker/Dealer may instruct the Administrator to register Interests purchased in Broker/Dealer name and account as nominee for Broker/Dealer’s customers, in which event all Offering Memoranda, proxy statements, periodic reports, and other printed material will be sent to Broker/Dealer, and all confirmations and other communications to shareholders will be transmitted to Broker/Dealer. Broker/Dealer shall be responsible for forwarding such printed material, confirmations, and communications, or the information contained therein, to all customers for whom Broker/Dealer holds such shares as nominee. However, the Funds shall be responsible for the reasonable costs associated with Broker/Dealer forwarding such printed material, confirmations, and communications and shall reimburse Broker/Dealer in full for such costs. Broker/Dealer shall also be responsible for complying with all reporting and tax withholding requirements with respect to the customers for whose account Broker/Dealer is holding such shares. With respect to customers other than such customers, Broker/Dealer shall provide Salient Capital with all information (including, without limitation, certification of TINs and back-up withholding instructions) necessary or appropriate for Salient Capital to comply with any legal and regulatory reporting requirements.

Account Options. (a) At the time of each transaction, Broker/Dealer guarantees the legal capacity of its customers so transacting in Interests and any co-owners of such Interests. (b) Unless otherwise instructed by Salient Capital or the Administrator, Broker/Dealer may instruct the Administrator to register Interests purchased in Broker/Dealer name and account as nominee for Broker/Dealer’s customers, in which event all Offering Memoranda, proxy statements, periodic reports, and other printed material will be sent to Broker/Dealer, and all confirmations and other communications to shareholders will be transmitted to Broker/Dealer. Broker/Dealer shall be responsible for forwarding such printed material, confirmations, and communications, or the information contained therein, to all customers for whom Broker/Dealer holds such shares as nominee. However, the Funds Fund shall be responsible for the reasonable costs associated with Broker/Dealer forwarding such printed material, confirmations, and communications and shall reimburse Broker/Dealer in full for such costs. Broker/Dealer shall also be responsible for complying with all reporting and tax withholding requirements with respect to the customers for whose account Broker/Dealer is holding such shares. With respect to customers other than such customers, Broker/Dealer shall provide Salient Capital with all information (including, without limitation, certification of TINs and back-up withholding instructions) necessary or appropriate for Salient Capital to comply with any legal and regulatory reporting requirements.

Account Options. (a) At the time of each transaction, Broker/Dealer guarantees the legal capacity of its customers so transacting in Interests such Fund shares and any co-owners of such InterestsFund shares. (b) Unless otherwise instructed by Salient Capital ADI or the AdministratorTransfer Agent, Broker/Dealer may instruct the Administrator Transfer Agent to register Interests shares purchased in Broker/Dealer name and account as nominee for Broker/Dealer’s 's customers, in which event all Offering Memoranda, proxy statements, periodic reports, and other printed material will be sent to Broker/Dealer, and all confirmations and other communications to shareholders will be transmitted to Broker/Dealer. Broker/Dealer shall be responsible for forwarding such printed material, confirmations, and communications, or the information contained therein, to all customers for whom Broker/Dealer holds such shares as nominee. However, the Funds Transfer Agent or the Company shall be responsible for the reasonable costs associated with Broker/Dealer forwarding such printed material, confirmations, and communications and shall reimburse Broker/Dealer in full for such costs. Broker/Dealer shall also be responsible for complying with all reporting and tax withholding requirements with respect to the customers for whose account Broker/Dealer is holding such shares. With respect to customers other than such customers, Broker/Dealer shall provide Salient Capital ADI with all information (including, without limitation, certification of TINs and back-up withholding instructions) necessary or appropriate for Salient Capital ADI to comply with any legal and regulatory reporting requirements.

Account Options. (a) At the time of each transaction, Broker/Dealer guarantees the legal capacity of its customers so transacting in Interests and any co-owners of such Interests. (b) Unless otherwise instructed by Salient Capital SMH or the Administrator, Broker/Dealer may instruct the Administrator to register Interests purchased in Broker/Dealer name and account as nominee for Broker/Dealer’s customers, in which event all Offering Memoranda, proxy statements, periodic reports, and other printed material will be sent to Broker/Dealer, and all confirmations and other communications to shareholders will be transmitted to Broker/Dealer. Broker/Dealer shall be responsible for forwarding such printed material, confirmations, and communications, or the information contained therein, to all customers for whom Broker/Dealer holds such shares as nominee. However, the Funds shall be responsible for the reasonable costs associated with Broker/Dealer forwarding such printed material, confirmations, and communications and shall reimburse Broker/Dealer in full for such costs. Broker/Dealer shall also be responsible for complying with all reporting and tax withholding requirements with respect to the customers for whose account Broker/Dealer is holding such shares. With respect to customers other than such customers, Broker/Dealer shall provide Salient Capital SMH with all information (including, without limitation, certification of TINs and back-up withholding instructions) necessary or appropriate for Salient Capital SMH to comply with any legal and regulatory reporting requirements.

Account Options. (a) At the time of each transaction, Broker/Dealer guarantees the represents that its' customers have represented to them that they are of legal capacity of its customers so transacting in Interests age and any co-owners of such Interestsare legally authorized to purchase Shares. (b) Unless otherwise instructed by Salient Capital ADI or the AdministratorTransfer Agent, Broker/Dealer may instruct the Administrator Transfer Agent to register Interests record Shares purchased in Broker/Dealer name and account as nominee for Broker/Dealer’s customers's customers or in customers name directly, in which event all the Offering MemorandaMemorandum, proxy statements, periodic reports, and other printed material will be sent to Broker/Dealer, and all confirmations and other communications to shareholders Shareholders will be transmitted to Broker/Dealer. Broker/Dealer shall be responsible for forwarding such printed material, confirmations, and communications, or the information contained therein, to all customers for whom Broker/Dealer holds such shares Shares as nominee. However, the Funds Transfer Agent or the Trust shall be responsible for the reasonable costs associated with Broker/Dealer forwarding such printed material, confirmations, and communications and shall reimburse Broker/Dealer in full for such costs. Broker/Dealer shall also be responsible for complying with all reporting and tax withholding requirements with respect to the customers for whose account Broker/Dealer is holding such sharesShares. With respect to customers other than such customers, Broker/Dealer shall provide Salient Capital ADI with all information (including, without limitation, certification of TINs and back-up withholding instructions) necessary or appropriate for Salient Capital ADI to comply with any legal and regulatory reporting requirements.