Common use of Class T Shares Clause in Contracts

Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares. (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Plan for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's applied on redemption of Class T share of the Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the Fund.

Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the National Association of Securities Dealers, Inc. ("NASD"), or of the Securities and Exchange Commission ("SEC"). The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares. (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the each Fund distribution and service fees under the terms and conditions set forth in the Class T Distribution Plan ("Class T Plan") for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Class T Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's applied on redemption of Class T share of the Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the FundTrust's current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.

Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the each Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") NYSE and the offering price based upon such net asset value shall become effective as set forth from time to time in the FundTrust's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, NASD or of the SEC. The Each Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T sharesshares (if any). (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the each Fund distribution and service fees under the terms and conditions set forth in the Plan for the each Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the each Fund all CDSC's CDSCs applied on redemption of Class T share shares of the such Fund. Whether and to what extent a contingent deferred sales charge CDSC will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the FundTrust's current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges CDSCs which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge CDSC not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.

Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset aset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") NYSE and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, Inc., or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares. (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the each Fund distribution and service fees under the terms and conditions set forth in the Class T Distribution Plan ("Class T Plan") for the each Fund adopted under Rule 12b-1 under the 1940 Act, as that Class T Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the each Fund all CDSC's CDSCs applied on redemption of Class T share of the such Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the FundTrust's current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.

Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("“NYSE"”) and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's ’s current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares. (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Plan for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's ’s applied on redemption of Class T share of the Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's ’s current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the Fund.

Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the each Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") NYSE and the offering price based upon such net asset value shall become effective as set forth from time to time in the FundTrust's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, NASD or of the SEC. The Each Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T sharesshares (if any). (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the each Fund distribution and service fees under the terms and conditions set forth in the Plan for the each Fund adopted under Rule 12b-1 12b-l under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the each Fund all CDSC's CDSCs applied on redemption of Class T share shares of the such Fund. Whether and to what extent a contingent deferred sales charge CDSC will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the FundTrust's current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges CDSCs which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge CDSC not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.

Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares. (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Class T Distribution Plan ("Class T Plan") for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Class T Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's applied on redemption of Class T share of the such Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the FundTrust's current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.

Class T Shares. In consideration for Ameriprise’s execution of this Agreement, and for the performance of Ameriprise’s obligations hereunder, the Dealer Manager agrees to pay or cause to be paid to Ameriprise a Selling Commission of two percent (i) The public offering price of Class T shares shall be approximately $0.1890 based on the net asset value initial $9.4489 price per share (as determined by the Fundshare) of the outstanding price of each Class T shares Share (except for Class T Shares sold pursuant to the DRIP) sold by Ameriprise. The Dealer Manager will also re-allow to Ameriprise out of its dealer manager fee a Marketing Fee of up to 2.5% of the Fund. The net asset value full price of each Class T shares shall Share (except for Class T Shares sold pursuant to the DRIP) sold by Ameriprise; provided however, the Company will not pay Ameriprise a Marketing Fee if the aggregate underwriting compensation to be regularly determined on every business day as paid to all parties in connection with the Offering exceeds the limitations prescribed by FINRA. In addition, the Dealer Manager will receive an annual distribution and stockholder servicing fee of 1.0% of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering purchase price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its per Class T shares. Share (iior, once reported, the amount of our estimated NAV) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Plan for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's applied on redemption of Class T share of the Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 ActShares purchased; provided however, that the Underwriter shall amount of the distribution and stockholder servicing fee to be reallowed to Ameriprise will not impose exceed a total of 4.0% . The distribution and stockholder servicing fee will accrue daily and be paid quarterly in arrears. The Dealer Manager will reallow the ongoing distribution and stockholder servicing fee to the selected dealer who initially sold the Class T Shares to a stockholder or, if applicable, to a subsequent broker-dealer of record of the Class T Shares so long as the subsequent broker-dealer is party to a selected dealer agreement with the Dealer Manager that provides for such reallowance. The Company will cease paying the distribution and stockholder servicing fee with respect to any commission, permit any quantity discountparticular Class T Share and that Class T Share will convert into a number of Class A Shares determined by multiplying each Class T Share to be converted by the “Conversion Rate” described herein on the earlier of: (i) a listing of the Class A Shares on a national securities exchange; (ii) a merger or consolidation of the Company with or into another entity, or impose any the sale or other similar waiver disposition of all or variance substantially all of the Company’s assets; (iii) the end of the month in connection with which the Dealer Manager determines that total underwriting compensation paid in the primary offering including the distribution and stockholder servicing fee paid on all Class T Shares sold in the primary offering is equal to 10.0% of the gross proceeds of the primary offering from the sale of both Class A Shares and Class T shares except as disclosed Shares; and (iv) the end of the month in which the transfer agent, on behalf of the Company, determines that underwriting compensation paid in the current Prospectus primary offering including the distribution and stockholder servicing fee paid with respect to the Class T Shares held by a stockholder within his or her particular account equals 10.0% of the Fund.gross offering price at the time of investment of the Class T Shares held in such account. The length of time over which the distribution and stockholder servicing fee would be paid is approximately 5.25 years from the date of purchase, assuming a constant per share offering price or estimated NAV, as applicable, of $9.45

Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares. (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Plan for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's applied on redemption of Class T share of the Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the Fund.

Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares. (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Plan for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's CDSCs applied on redemption of Class T share shares of the such Fund. Whether and to what extent a contingent deferred sales charge CDSC will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges CDSCs which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge CDSC not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the Fund.

Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares. (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Plan for the Fund adopted under Rule 12b-1 12b-l under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's applied on redemption of Class T share of the Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the Fund.

Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the each Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") NYSE and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Trust’s Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, NASD or of the SEC. The Each Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T sharesshares (if any). (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the each Fund distribution and service fees under the terms and conditions set forth in the Plan for the each Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the each Fund all CDSC's CDSCs applied on redemption of Class T share shares of the such Fund. Whether and to what extent a contingent deferred sales charge CDSC will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's current Trust’s Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges CDSCs which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge CDSC not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.