Common use of American Express Financial Advisors Inc Clause in Contracts

American Express Financial Advisors Inc. or its agents may prepare or cause to be prepared from time to time circulars, sales literature, broadcast material, publicity data and other advertising material to be used in the sales of shares issued by the Corporation , including material which may be deemed to be a prospectus under rules promulgated by the Securities and Exchange Commission (each separate promotional piece is referred to as an "Item of Soliciting Material"). At its option, American Express Financial Advisors may submit any Item of Soliciting Material to the Corporation for its prior approval. Unless a particular Item of Soliciting Material is approved in writing by the Corporation prior to its use, American Express Financial Advisors Inc. agrees to indemnify the Corporation and its directors and officers against any and all claims, demands, liabilities and expenses which the Corporation or such persons may incur arising out of or based upon the use of any Item of Soliciting Material. The term "expenses" includes amounts paid in satisfaction of judgments or in settlements. The foregoing right of indemnification shall be in addition to any other rights to which the Corporation or any director or officer may be entitled as a matter of law. Notwithstanding the foregoing, such indemnification shall not be deemed to abrogate or diminish in any way any right or claim American Express Financial Advisors may have against the Corporation or its officers or directors in connection with the Corporation's registration statement, prospectus, Statement of Additional Information or other information furnished by or caused to be furnished by the Corporation.

American Express Financial Advisors Inc. or its agents may prepare or cause to be prepared from time to time circulars, sales literature, broadcast material, publicity data and other advertising material to be used in the sales of shares of common stock issued by the Corporation Fund, including material which may be deemed to be a prospectus under rules promulgated by the Securities and Exchange Commission (each separate promotional piece is referred to as an "Item of Soliciting Material"). At its option, American Express Financial Advisors Inc. may submit any Item of Soliciting Material to the Corporation for its prior approval. Unless a particular Item of Soliciting Material is approved in writing by the Corporation prior to its use, American Express Financial Advisors Inc. agrees to indemnify the Corporation and its directors and officers against any and all claims, demands, liabilities and expenses which the Corporation or such persons may incur arising out of or based upon the use of any Item of Soliciting Material. The term "expenses" includes amounts paid in satisfaction of judgments or in settlements. The foregoing right of indemnification shall be in addition to any other rights to which the Corporation or any director or officer may be entitled as a matter of law. Notwithstanding the foregoing, such indemnification shall not be deemed to abrogate or diminish in any way any right or claim American Express Financial Advisors Inc. may have against the Corporation or its officers or directors in connection with the CorporationFund's registration statementRegistration Statement, prospectusProspectus, Statement of Additional Information or other information furnished by or caused to be furnished by the Corporation.

American Express Financial Advisors Inc. or its agents may prepare or cause to be prepared from time to time circulars, sales literature, broadcast material, publicity data and other advertising material to be used in the sales of shares issued by the Corporation Funds, including material which may be deemed to be a prospectus under rules promulgated by the Securities and Exchange Commission (each separate promotional piece is referred to as an "Item of Soliciting Material"). At its option, American Express Financial Advisors Inc. may submit any Item of Soliciting Material to the Corporation for its prior approval. Unless a particular Item of Soliciting Material is approved in writing by the Corporation prior to its use, American Express Financial Advisors Inc. agrees to indemnify the Corporation and its directors and officers against any and all claims, demands, liabilities and expenses which the Corporation or such persons may incur arising out of or based upon the use of any Item of Soliciting Material. The term "expenses" includes amounts paid in satisfaction of judgments or in settlements. The foregoing right of indemnification shall be in addition to any other rights to which the Corporation or any director or officer may be entitled as a matter of law. Notwithstanding the foregoing, such indemnification shall not be deemed to abrogate or diminish in any way any right or claim American Express Financial Advisors Inc. may have against the Corporation or its officers or directors in connection with the Corporation's registration statementFunds' Registration Statement, prospectusProspectus, Statement of Additional Information or other information furnished by or caused to be furnished by the Corporation.