Authorization to Invest in Affiliated Funds Sample Clauses

Authorization to Invest in Affiliated Funds. If your Account is a retirement Account governed by ERISA or the Code, you hereby authorize and agree that Fidelity Advisers may invest the assets of your Account in no-load (we will invest in load funds if the load is waived) mutual funds for which Fidelity Advisers or an affiliate serves as an adviser or subadviser for a fee, including without limitation the Fidelity funds, where Fidelity Advisers determine, in their sole discretion, that the investment in a pooled vehicle such as a Fidelity fund is appropriate. You acknowledge and agree that Fidelity Advisers or our affiliates may receive fees, as a result of purchases or sales of shares of Fidelity funds for your Account. You represent and warrant that: (i) Fidelity Advisers has advised you that Fidelity funds are appropriate for investment by you because of, among other things, their investment goals, liquidity, and diversification;

Authorization to Invest in Affiliated Funds. If your Retirement Program Account is a retirement account governed by ERISA or the Code, you hereby authorize and agree that your Retirement Program Account will be invested in no-load (or load-waived) mutual funds or ETPs for which Strategic Advisers or another Fidelity affiliate serves as an advisor or sub-advisor for a fee, if we determine that such investment is appropriate. You acknowledge, authorize and agree: (i) Fidelity may receive fees as a result of purchases or sales of shares of Fidelity mutual funds or ETPs for your Retirement Program Account; (ii) you have been advised that Fidelity mutual funds and/or ETPs are appropriate for investment by you because of, among other things, their investment goals, liquidity, and diversification; (iii) all assets held in your Retirement Program Account may be invested in Fidelity mutual funds and/or ETPs subject only to the terms of any restrictions on investments in your Retirement Program Account specified in your Profile Information; (iv) you have received prospectuses for the Fidelity mutual funds or ETPs that will be used in connection with your Retirement Program Account, which include a summary of all fees that may be paid by the Fidelity mutual fund or ETP to Fidelity; (v) acknowledge and agree that, as discussed more fully in Section 8 of this Agreement, your annual gross advisory fee is reduced by the Credit Amount for the purpose of reducing your annual advisory fee by the amount of fees and other compensation that Fidelity retains from the Fidelity mutual funds and ETPs that is derived as a direct result of your Retirement Program Account’s investments in such mutual funds or ETPs. We will notify you of any change in fees and you hereby approve of any increases up to 25% and any reductions in such fees. Shares of the Fidelity mutual funds or ETPs may be purchased by you outside these arrangements.