Common use of Beneficial Owner Servicing Fees to Third Parties Clause in Contracts

Beneficial Owner Servicing Fees to Third Parties. Subject to the limitation set forth in paragraph (c) below, the Investment Company, on behalf of each Fund, will reimburse FTIS for servicing fee payments ("Beneficial Owner Servicing Fees") made by FTIS on the Investment Company's behalf to: (A) institutions that purchase and hold the Fund's shares (other than Class R6 shares or Class IS shares, if any) in the institution's name, or in the name of an affiliate, nominee or other designated entity, through a master fund level account ("Omnibus Account") on behalf of numerous "Beneficial Owners," or (B) in the case of shares issued to a 529 Plan Portfolio, institutions that hold units of the 529 Plan Portfolio in the institution's name on behalf of numerous 529 Plan accounts for whom the institution provides Individual 529 Investor Servicing; it being understood, however, that to the extent FTIS causes Beneficial Owner Servicing Fees to be paid directly by the Investment Company on behalf of a Fund, FTIS shall not be entitled to reimbursement therefor.

Beneficial Owner Servicing Fees to Third Parties. Subject to the limitation set forth in paragraph (c) below, the Investment Company, on behalf of each Fund, will reimburse FTIS for servicing fee payments ("“Beneficial Owner Servicing Fees"”) made by FTIS on the Investment Company's ’s behalf to: (A) institutions that purchase and hold the Fund's ’s shares (other than Class R6 shares or Class IS shares, if any) in the institution's ’s name, or in the name of an affiliate, nominee or other designated entity, through a master fund level account ("“Omnibus Account"”) on behalf of numerous "“Beneficial Owners," ” or (B) in the case of shares issued to a 529 Plan Portfolio, institutions that hold units of the 529 Plan Portfolio in the institution's ’s name on behalf of numerous 529 Plan accounts for whom the institution provides Individual 529 Investor Servicing; it being understood, however, that to the extent FTIS causes Beneficial Owner Servicing Fees to be paid directly by the Investment Company on behalf of a Fund, FTIS shall not be entitled to reimbursement therefor.