Common use of Advisory Client Payments Clause in Contracts

Advisory Client Payments. Distributor acknowledges that Dealer is also an investment advisor providing investment advisory and non-discretionary investment management services to certain of its customers (“Advisory Clients”) that may become Dealer Shareholders. Distributor agrees that Dealer shall have the right, but not the obligation, to promote and market, and to introduce Advisory Clients to, the Fund subject to the provisions of this Agreement. The parties agree that, to the extent that a Dealer Shareholder is an Advisory Client, Dealer shall be permitted to rebate any and all distribution fees or servicing fees paid to Dealer hereunder with respect to such Advisory Client, for as long as such Dealer Shareholder remains an Advisory Client of Dealer, it being understood that Dealer will enter into a separate advisory agreement with such Advisory Client from whom Dealer will receive payment. Dealer also agrees that it shall not charge an upfront sales load on any investment made by a Dealer Shareholder that is an Advisory Client.

Advisory Client Payments. Distributor acknowledges that Dealer is also an investment advisor providing investment advisory and non-discretionary investment management services to certain of its customers (“Advisory Clients”) that may become Dealer Shareholders. Distributor agrees that Dealer shall have the right, right but not the obligation, obligation to promote and market, and to introduce Advisory Clients to, to the Fund subject to the provisions of this Agreementagreement. The parties agree that, to the extent that a Dealer Shareholder is an Advisory Client, Dealer shall be permitted to rebate any and all distribution fees or servicing fees fees, paid to Dealer hereunder with respect to such Advisory Client, for as long as such Dealer Shareholder remains an Advisory Client of Dealer, it being understood that Dealer will enter into a separate advisory agreement with such Advisory Client from whom Dealer will receive payment. Dealer also agrees that it shall not charge an upfront sales load on any investment made by a Dealer Shareholder that is an Advisory Client.