Common use of Anti-Money Laundering Compliance Clause in Contracts

Anti-Money Laundering Compliance. (a) The Underwriter and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) The Underwriter shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter with any dealer that is authorized to effect transactions in Shares of the Trust. (c) Each of Underwriter and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter undertakes that it will grant to the Trust, the Trust’s Anti-Money Laundering Officer and regulatory agencies, reasonable access to copies of Underwriter’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of Underwriter’s AML Operations, books or records pertaining to other clients of Underwriter.

Anti-Money Laundering Compliance. (a) The Underwriter 9.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 9.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 9.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each Company acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Company's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the TrustCompany. (c) 8.3 Each of Underwriter Distributor and the Trust Company agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the TrustCompany, the Trust’s AntiCompany's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust Company only. It is expressly understood and agreed that the Trust Company and the Trust’s Company's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 9.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 9.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 9.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 8.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 9.1 Each of the Distributor and the Trust each Fund acknowledges that it is a financial institution subject to the USA Patriot PATRIOT Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the TrustFund’s SharesInterests, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 9.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares Interests of the TrustFund. (c) 9.3 Each of Underwriter Distributor and the Trust Fund agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the TrustFund, the TrustFund’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust Fund only. It is expressly understood and agreed that the Trust Fund and the TrustFund’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each Company acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the TrustCompany’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the TrustCompany. (c) 8.3 Each of Underwriter Distributor and the Trust Company agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the TrustCompany, the TrustCompany’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust Company only. It is expressly understood and agreed that the Trust Company and the TrustCompany’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. A. Each Fund represents to the Distributor that UMB Fund Services, Inc., the Funds' administrator (athe "Administrator") The Underwriter has agreed, pursuant to agreements with each such Fund, to provide anti-money laundering services to the Funds, and maintain policies and procedures, and related internal controls, with respect thereto. Each of the Trust Distributor and each Fund acknowledges that it is a financial institution subject to the USA Patriot PATRIOT Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any broker-dealer or other financial intermediary that is authorized to effect transactions in Shares of the TrustFunds. (c) B. Each of Underwriter the Distributor and the Trust each Fund agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter The Distributor undertakes that it will grant to the Trust, Funds and the Trust’s Anti-Money Laundering Officer Administrator and appropriate regulatory agencies, reasonable access to copies of Underwriter’s the Distributor's AML Operations, and related books and records pertaining to the Trust onlyextent they pertain to the Distributor's services hereunder. It is expressly understood and agreed that the Trust Funds, the Funds' compliance officer and the Trust’s compliance officer Administrator shall have no access to any of Underwriter’s the Distributor's AML Operations, books or records pertaining to other clients of Underwriterthe Distributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each Company acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs reasonably designed to guard against money launderinglaundering and terrorist financing and to comply with their obligations under the AML Acts. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the TrustCompany’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with such laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the TrustCompany. (c) 8.3 Each of Underwriter Distributor and the Trust each Company agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trusteach Company, the Trusteach Company’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust such Company only. It is expressly understood and agreed that the Trust each Company and the TrustCompany’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 6.1 Each of Distributor and the Trust each Company acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the TrustCompany’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 6.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the TrustCompany. (c) 6.3 Each of Underwriter Distributor and the Trust Company agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the TrustCompany, the TrustCompany’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust Company only. It is expressly understood and agreed that the Trust Company and the TrustCompany’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 8.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) . The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) . Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter A. Each of Distributor and the Trust each Client acknowledges that it is a financial institution subject to the USA Patriot PATRIOT Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter shall also provide written notice to each person or entity with which it entered an agreement prior respects to the date hereof extent applicable to it and Distributor represents and warrants to Client that the distribution services provided to the Client hereunder will, throughout the duration of this Agreement, comply with the AML Acts and applicable regulations. Distributor also represents and warrants that it has filed the requisite certification with the Financial Crimes Enforcement Network to allow Client to share information pursuant to Section 314(b) of the USA PATRIOT Act of 2001. B. To the extent applicable, Distributor agrees to use commercially reasonable efforts to include substantially identical representations and warranties with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with lawsAML Acts and applicable regulations in Section 16.A in any dealer and selling group agreements it enters with broker-dealers and other financial intermediaries. (b) The Underwriter shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter with any dealer that is authorized to effect transactions in Shares of the Trust. (c) C. Each of Underwriter Distributor and the Trust Client agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the TrustClient, the TrustClient’s Antianti-Money Laundering Officer money laundering compliance officer and appropriate regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, and related books and records pertaining to the Trust onlyextent they pertain to the Distributor’s services hereunder. It is expressly understood and agreed that the Trust Client and the TrustClient’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients or services of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 13.1 Each of Distributor and the Trust each Company acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the TrustCompany’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 13.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the TrustCompany. (c) 13.3 Each of Underwriter Distributor and the Trust Company agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the TrustCompany, the TrustCompany’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust Company only. It is expressly understood and agreed that the Trust Company and the TrustCompany’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 8.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti-Money Laundering Officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 9.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 9.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in all future agreements entered into by the Underwriter Distributor with any dealer financial intermediary that is would be authorized to effect transactions in Shares of the Trust. (c) 9.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1. Each of Distributor and the Trust each Company acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs reasonably designed to guard against money launderinglaundering and terrorist financing and to comply with their obligations under the AML Acts. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the TrustCompany’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with such laws. (b) 8.2. The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the TrustCompany. (c) 8.3. Each of Underwriter Distributor and the Trust each Company agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trusteach Company, the Trusteach Company’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust such Company only. It is expressly understood and agreed that the Trust each Company and the TrustCompany’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the U.S. Bank Secrecy Act (31 U.S.C. 5311 et seq.) and the implementing regulations thereunder (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each party also acknowledges that it is subject to U.S. economic and trade sanctions administered by the Office of Foreign Assets Control, U.S. Department of the Treasury (“OFAC”). (b) Each party represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering and OFAC compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (bc) The Underwriter shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter with any dealer that is authorized to effect transactions in Shares of the Trust. (cd) Each of Underwriter and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML ActsActs and with each party’s obligations under U.S. economic and trade sanctions administered by OFAC, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter undertakes that it will grant to the Trust, the Trust’s Anti-Money Laundering Officer and regulatory agencies, reasonable access to copies of Underwriter’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of Underwriter’s AML Operations, books or records pertaining to other clients of Underwriter.

Anti-Money Laundering Compliance. (ai) The Underwriter Each of Distributor and the Trust each acknowledges acknowledge that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to the sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (bii) The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (ciii) Each of Underwriter Distributor and the Trust agrees that it will take such further steps, steps and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) The Underwriter shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter with any dealer that is authorized to effect transactions in Shares of the Trust. . (c) Each of Underwriter and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter undertakes that it will grant to the Trust, the Trust’s Anti-Money Laundering Officer and regulatory agencies, reasonable access to copies of Underwriter’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of Underwriter’s AML Operations, books or records pertaining to other clients of Underwriter.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants warrant to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 8.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each Company acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the TrustCompany’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust.Company, (c) 8.3 Each of Underwriter Distributor and the Trust Company agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the TrustCompany, the TrustCompany’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust Company only. It is expressly understood and agreed that the Trust Company and the TrustCompany’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Trust acknowledges that the Underwriter shall also provide written notice to each person or entity with which it entered an agreement prior to does not hold customer accounts and therefore does not have any responsibility for screening under the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with lawsAML Acts. (b) The Underwriter shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter with any dealer that is authorized to effect transactions in Shares of the Trust. (c) Each of Underwriter and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter undertakes that it will grant to the Trust, the Trust’s 's Anti-Money Laundering Officer and regulatory agencies, reasonable access to copies of Underwriter’s 's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s 's AML Operations, books or records pertaining to other clients of Underwriter.

Anti-Money Laundering Compliance. (a) The Underwriter 5.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 5.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 5.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its each party's written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot PATRIOT Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 8.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti-Money Laundering Officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, ; the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) The Underwriter shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter with any dealer that is authorized to effect transactions in Shares of the Trust. (c) Each of Underwriter and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter undertakes that it will grant to the Trust, the Trust’s Anti-Money Laundering Officer and regulatory agencies, reasonable access to copies of Underwriter’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of Underwriter’s AML Operations, books or records pertaining to other clients of Underwriter.

Anti-Money Laundering Compliance. (ai) The Underwriter Each of Distributor and the Trust each acknowledges acknowledge that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to the sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (bii) The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (ciii) Each of Underwriter Distributor and the Trust agrees that it will take such further steps, steps and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to to. the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “the" AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 8.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto thereto. (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor' s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 9.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 9.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in all future agreements entered into by the Underwriter Distributor with any dealer financial intermediary that is would be authorized to effect transactions in Shares of the Trust. (c) 9.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (ai) The Underwriter Each of PFPC Distributors and the Trust each acknowledges acknowledge that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to the sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (bii) The Underwriter PFPC Distributors shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter PFPC Distributors with any dealer that is authorized to effect transactions in Shares of the Trust. (ciii) Each of Underwriter PFPC Distributors and the Trust agrees that it will take such further steps, steps and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter PFPC Distributors undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s PFPC's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s PFPC Distributors' AML Operations, books or records pertaining to other clients of UnderwriterPFPC Distributors.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 8.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed agree that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each Company acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 of2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Company's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the TrustCompany. (c) 8.3 Each of Underwriter Distributor and the Trust Company agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the TrustCompany, the Trust’s AntiCompany's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust Company only. It is expressly understood and agreed that the Trust Company and the Trust’s Company's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter A. Each of Distributor and the Trust each Client acknowledges that it is a financial institution subject to the USA Patriot PATRIOT Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter shall also provide written notice to each person or entity with which it entered an agreement prior respects to the date hereof extent applicable to it and Distributor represents and warrants to Client that the distribution services provided to Client hereunder will, throughout the duration of this Agreement, comply with the AML Acts and applicable regulations. a. To the extent applicable, Distributor agrees to include substantially identical representations and warranties with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with lawsAML Acts and applicable regulations in Section 16.A in any Standard Dealer Agreements it enters with broker-dealers and other financial intermediaries. For the avoidance of doubt, the obligations of this Section 16.A.a shall not apply to Conversion Agreements. (b) The Underwriter shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter with any dealer that is authorized to effect transactions in Shares of the Trust. (c) b. Each of Underwriter Distributor and the Trust Client agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the TrustClient, the TrustClient’s Antianti-Money Laundering Officer money laundering compliance officer and appropriate regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, and related books and records pertaining to the Trust onlyextent they pertain to the Distributor’s services hereunder. It is expressly understood and agreed that the Trust Client and the TrustClient’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients or services of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 5.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 5.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 5.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its each party’s written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each party represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Funds’ Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with such laws. (b) The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the TrustFunds. (c) Each of Underwriter the Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter The Distributor undertakes that it will grant to the Trust, the Trust’s Anti-Money Laundering Officer and regulatory agencies, reasonable access to copies of Underwriterthe Distributor’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of Underwriterthe Distributor’s AML Operations, books or records pertaining to other clients of Underwriterthe Distributor.

Anti-Money Laundering Compliance. (a) The Underwriter A. Each of the Placement Agent and the Trust each Client (on behalf of the Fund) acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter shall Adviser also provide written notice represents and warrants that it has adopted and will maintain policies and procedures that are reasonably designed to each person or entity ensure that the Fund will comply with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with lawsAML Acts. (b) B. The Underwriter Placement Agent shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Placement Agent with any broker-dealer or other financial intermediary that is authorized to effect transactions in Shares of the TrustFund. (c) C. Each of Underwriter the Placement Agent, the Adviser, and the Trust Client (on behalf of the Fund) agrees that it will take such further steps, and cooperate with the other Parties as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Placement Agent undertakes that it will grant to the TrustAdviser and the Client, the TrustClient’s Antianti-Money Laundering Officer money laundering compliance officer, the Adviser’s anti-money laundering compliance officer and appropriate regulatory agencies, reasonable access to copies of UnderwriterPlacement Agent’s AML Operations, and related books and records pertaining to the Trust onlyextent they pertain to the Placement Agent’s services hereunder. It is expressly understood and agreed that the Trust Client, the Client’s compliance officer, the Adviser, and the TrustAdviser’s anti-money laundering compliance officer shall have no access to any of UnderwriterPlacement Agent’s AML Operations, books or records pertaining to other clients or services of UnderwriterPlacement Agent.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement an'-agreement prior to the date hereof with respect to sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 8.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 of2001 and the Bank Secrecy Act (collectively, the “AML Acts”), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 8.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“AML Operations”). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Antianti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of UnderwriterDistributor’s AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of UnderwriterDistributor’s AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 9.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 9.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 9.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s compliance officer shall have no access to any of Underwriter’s AML Operations, books or records pertaining to other clients of Underwriter.understood

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 8.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.

Anti-Money Laundering Compliance. (a) The Underwriter 8.1 Each of Distributor and the Trust each acknowledges that it is a financial institution subject to the USA Patriot Act of 2001 of2001 and the Bank Secrecy Act (collectively, the “"AML Acts”"), which require, among other things, that financial institutions adopt compliance programs to guard against money laundering. Each represents and warrants to the other that it is in compliance with and will continue to comply with the AML Acts and applicable regulations in all relevant respects. The Underwriter Distributor shall also provide written notice to each person or entity with which it entered an agreement prior to the date hereof with respect to sale of the Trust’s 's Shares, such notice informing such person of anti-money laundering compliance obligations applicable to financial institutions under applicable laws and, consequently, under applicable contractual provisions requiring compliance with laws. (b) 8.2 The Underwriter Distributor shall include specific contractual provisions regarding anti-money laundering compliance obligations in agreements entered into by the Underwriter Distributor with any dealer that is authorized to effect transactions in Shares of the Trust. (c) 8.3 Each of Underwriter Distributor and the Trust agrees that it will take such further steps, and cooperate with the other as may be reasonably necessary, to facilitate compliance with the AML Acts, including but not limited to the provision of copies of its written procedures, policies and controls related thereto (“"AML Operations”"). Underwriter Distributor undertakes that it will grant to the Trust, the Trust’s Anti's anti-Money Laundering Officer money laundering compliance officer and regulatory agencies, reasonable access to copies of Underwriter’s Distributor's AML Operations, books and records pertaining to the Trust only. It is expressly understood and agreed that the Trust and the Trust’s 's compliance officer shall have no access to any of Underwriter’s Distributor's AML Operations, books or records pertaining to other clients of UnderwriterDistributor.