Common use of Commission Shares Clause in Contracts

Commission Shares. (a) Commission Shares of any Fund attributed to the existing Principal Servicer shall be Commission Shares of such Fund acquired by the existing Principal Servicer, the Date of Original Issuance of which occurred on or after the Inception Date of such Fund and on or prior to the Existing Servicer Cut-Off Date. (b) Commission Shares of any Fund attributed to any Subsequent Principal Servicer shall be Commission Shares of such Fund, the Date of Original Issuance of which occurs after the Subsequent Principal Servicer Start-Up Date and on or prior to the subsequent Principal Servicer Cut-Off Date. (c) A Commission Share of a particular Fund (the "Issuing Fund") issued in consideration of the investment of proceeds of the redemption of a Commission Share of another Fund (the "Redeeming Fund") in connection with a Permitted Free Exchange, is deemed to have a Date of Original Issuance identical to the Date of Original Issuance of the Commission Share of the Redeeming Fund and any such Commission Share will be attributed to the existing Principal Servicer or a subsequent Principal Servicer based upon such Date of Original Issuance in accordance with rules (a) and (b) above. (d) A Commission Share redeemed other than in connection with a Permitted Free Exchange or converted to a Class A Share is attributable to the existing Principal Servicer or a subsequent Principal Servicer based upon the Date of Original Issuance in accordance with rules (a), (b) and (c) above.

Commission Shares. (a) Commission Shares of any Fund attributed to the existing Principal Servicer shall be Commission Shares of such Fund acquired by the existing Principal Servicer, the Date of Original Issuance of which occurred on or after the Inception Date of such Fund and on or prior to the Existing Servicer Cut-Off Date. (b) Commission Shares of any Fund attributed to any Subsequent Principal Servicer shall be Commission Shares of such Fund, the Date of Original Issuance of which occurs after the Subsequent Principal Servicer Start-Up Date and on or prior to the subsequent Principal Servicer Cut-Off Date. (c) A Commission Share of a particular Fund (the "“Issuing Fund"”) issued in consideration of the investment of proceeds of the redemption of a Commission Share of another Fund (the "“Redeeming Fund"”) in connection with a Permitted Free Exchange, is deemed to have a Date of Original Issuance identical to the Date of Original Issuance of the Commission Share of the Redeeming Fund and any such Commission Share will be attributed to the existing Principal Servicer or a subsequent Principal Servicer based upon such Date of Original Issuance in accordance with rules (a) and (b) above. (d) A Commission Share redeemed other than in connection with a Permitted Free Exchange or converted to a Class A Share is attributable to the existing Principal Servicer or a subsequent Principal Servicer based upon the Date of Original Issuance in accordance with rules (a), (b) and (c) above.

Commission Shares. (a) Commission Shares of any Fund attributed to the existing Principal Servicer PSI shall be Commission Shares of such Fund acquired by the existing Principal Servicer, the Date of Original Issuance of which occurred on or after the Inception Date of such the Fund and on or prior to the Existing Servicer Cut-Off Datelast day on which PSI acts as principal underwriter of Shares for the Fund. (b) Commission Shares of any Fund attributed attributable to any Subsequent Principal Servicer the Successor Distributor shall be Commission Shares of such FundShares, the Date of Original Issuance of which occurs on or after the Subsequent Principal Servicer Start-Up Date first day on which such Successor Distributor acts as principal underwriter of Shares for the Fund and on or prior to the subsequent Principal Servicer Cut-Off Datelast day such Successor for Distributor acts as principal underwriter of Shares for the Fund. (c) A Commission Share of a particular Fund (the "Issuing FundISSUING FUND") issued in consideration of the investment of proceeds of the redemption of a Commission Share of another Fund (the "Redeeming FundREDEEMING FUND") in connection with a Permitted Free Exchange, is deemed to have a Date of Original Issuance identical to the Date of Original Issuance of the Commission Share of the Redeeming Fund and any such Commission Share will be attributed to PSI or the existing Principal Servicer or a subsequent Principal Servicer Successor Distributor based upon such Date of Original Issuance in accordance with rules (aPart I(a) and (b) above. (d) A Commission Share redeemed (other than in connection with a Permitted Free Exchange Exchange) or converted to a Class A Share share is attributable to the existing Principal Servicer PSI or a subsequent Principal Servicer Successor Distributor based upon the Date of Original Issuance in accordance with rules (aPart I(a), (b) and (c) above.

Commission Shares. (a) Commission Shares of any Fund attributed to the existing Principal Servicer shall be Commission Shares of such Fund acquired by the existing Principal Servicer, the Date of Original Issuance of which occurred on or after the Inception Date of such Fund and on or prior to the Existing Servicer Cut-Off Date. (b) Commission Shares of any Fund attributed to any Subsequent Principal Servicer shall be Commission Shares of such Fund, the Date of Original Issuance of which occurs after the Subsequent Principal Servicer Start-Up Date and on or prior to the subsequent Principal Servicer Cut-Off Date. (c) A Commission Share of a particular Fund (the "Issuing FundISSUING FUND") issued in consideration of the investment of proceeds of the redemption of a Commission Share of another Fund (the "Redeeming FundREDEEMING FUND") in connection with a Permitted Free Exchange, is deemed to have a Date of Original Issuance identical to the Date of Original Issuance of the Commission Share of the Redeeming Fund and any such Commission Share will be attributed to the existing Principal Servicer or a subsequent Principal Servicer based upon such Date of Original Issuance in accordance with rules (a) and (b) above. (d) A Commission Share redeemed other than in connection with a Permitted Free Exchange or converted to a Class A Share is attributable to the existing Principal Servicer or a subsequent Principal Servicer based upon the Date of Original Issuance in accordance with rules (a), (b) and (c) above.