Common use of Account Options Clause in Contracts

Account Options. (a) SRS may appoint the Transfer Agent as SRS’s agent to execute customers’ transactions in a Fund’s shares in accordance with the terms and provisions of any account, program, plan, or service established or used by SRS’s customers and to confirm each such transaction to SRS’s customers on SRS’s behalf, and at the time of the transaction, SRS guarantees the legal capacity of its customers so transacting in such Fund shares and any co-owners of such Fund shares. (b) SRS may instruct the Transfer Agent to register shares purchased in SRS’s name and account as nominee for SRS’s customers, in which event all Prospectuses, proxy statements, periodic reports, and other materials will be sent to SRS, and all confirmations and other communications to shareholders, including, but not limited to, repurchase offer notifications, will be transmitted to SRS. SRS shall be responsible for forwarding such materials, confirmations, notifications and communications, or the information contained therein, to all customers for whom SRS holds such shares as nominee. However, the Adviser shall be responsible for the reasonable costs associated with SRS forwarding such materials, confirmations, notifications and communications and shall reimburse SRS in full for such costs. SRS shall also be responsible for complying with all reporting and tax withholding requirements with respect to the customers for whose account SRS is holding such shares. With respect to customers whose accounts are not held in SRS’s name as nominee, SRS shall record and maintain all information (including, without limitation, certification of TINs and/or SSNs and back-up withholding instructions) necessary or appropriate for SRS to comply with any legal and regulatory reporting requirements. (c) To the extent applicable, accounts opened or maintained pursuant to the networking system of NSCC will be governed by applicable NSCC rules and procedures, and any agreement or other arrangement with SRS relating to networking.

Account Options. (a) SRS Dealer may appoint the Transfer Agent as SRSDealer’s agent to execute customers’ transactions in a Fundthe Company’s shares sold to Dealer by the Dealer Manager in accordance with the terms and provisions of any account, program, plan, or service established or used by SRSDealer’s customers and to confirm each such transaction to SRSDealer’s customers on SRSDealer’s behalf, and at the time of the transaction, SRS Dealer guarantees the legal capacity of its customers so transacting in such Fund shares Shares and any co-owners of such Fund sharesShares. (b) SRS Unless otherwise instructed by the Dealer Manager or the Transfer Agent, Dealer may instruct the Transfer Agent to register shares purchased in SRSDealer’s name and account as nominee for SRSDealer’s customers, in which event all Prospectuses, proxy statements, periodic reports, and other materials printed material will be sent to SRSDealer, and all confirmations and other communications to shareholders, including, but not limited to, repurchase offer notifications, will be transmitted to SRSDealer. SRS Dealer shall be responsible for forwarding such materialsprinted material, confirmations, notifications and communications, or the information contained therein, to all customers for whom SRS Dealer holds such shares as nominee. However, the Adviser Transfer Agent or the Company shall be responsible for the reasonable costs associated with SRS Dealer forwarding such materialsprinted material, confirmations, notifications and communications and shall reimburse SRS Dealer in full for such costs. SRS Dealer shall also be responsible for complying with all reporting and tax withholding requirements with respect to the customers for whose account SRS Dealer is holding such shares. With respect to customers whose accounts are not held in SRSDealer’s name and account as nominee, SRS Dealer shall record and maintain provide the Dealer Manager with all information (including, without limitation, certification of TINs and/or SSNs and back-up withholding instructions) necessary or appropriate for SRS the Dealer Manager to comply with any legal and regulatory reporting requirements. (c) To the extent applicable, accounts opened or maintained pursuant to the networking system of NSCC will be governed by applicable NSCC rules and procedures, and any agreement or other arrangement with SRS the Dealer Manager relating to networking.

Account Options. (a) SRS Servicer may appoint the Transfer Agent as SRSServicer’s agent to execute customers’ transactions in a Fund’s shares in accordance with the terms and provisions of any account, program, plan, or service established or used by SRSServicer’s customers and to confirm each such transaction to SRSServicer’s customers on SRSServicer’s behalf, and at the time of the transaction, SRS Servicer guarantees the legal capacity of its customers so transacting in such Fund shares and any co-owners of such Fund shares. (b) SRS Unless otherwise instructed by the Distributor or the Transfer Agent, Servicer may instruct the Transfer Agent to register shares purchased in SRSServicer’s name and account as nominee for SRSServicer’s customers, in which event all Prospectuses, proxy statements, periodic reports, and other materials printed material will be sent to SRSServicer, and all confirmations and other communications to shareholders, including, but not limited to, repurchase offer notifications, shareholders will be transmitted to SRSServicer. SRS Servicer shall be responsible for forwarding such materialsprinted material, confirmations, notifications and communications, or the information contained therein, to all customers for whom SRS Servicer holds such shares as nominee. However, the Adviser Transfer Agent or the Company shall be responsible for the reasonable costs associated with SRS Servicer forwarding such materialsprinted material, confirmations, notifications and communications and shall reimburse SRS Servicer in full for such costs. SRS Servicer shall also be responsible for complying with all reporting and tax withholding requirements with respect to the customers for whose account SRS Servicer is holding such shares. With respect to customers whose accounts are not held in SRSServicer’s name and account as nominee, SRS Servicer shall record and maintain provide the Distributor with all information (including, without limitation, certification of TINs and/or SSNs and back-up withholding instructions) necessary or appropriate for SRS the Distributor to comply with any legal and regulatory reporting requirements. (c) To the extent applicable, accounts Accounts opened or maintained pursuant to the networking system of NSCC will be governed by applicable NSCC rules and procedures, and any agreement or other arrangement with SRS the Distributor relating to networking.