Common use of Contracts Advertising Material Clause in Contracts

Contracts Advertising Material. No piece of advertising or sales literature or other promotional material in which the Company is named shall be used by the Trust or the Distributor, except with the prior written consent of the Company, which consent shall not be unreasonably withheld; provided that such prior written consent shall not be required if the Trust receives a written or facsimile acknowledgement that such material has been received by the Company for review at least 10 Business Days prior to its use and, after the expiration of such 10 Business Day period, the Company has not commented upon the content of such material and is therefore deemed to consent to its use. The Company may at any time in its sole discretion revoke any consent upon reasonable determination that such revocation is necessary, and upon notification of such revocation, the Trust and the Distributor shall discontinue use of the material subject to such revocation, it being understood that Trust and Distributor shall be afforded a reasonable period of time to discontinue such use. The Company, upon prior written notice to the Trust, may delegate its rights and responsibilities under this provision to the principal underwriter for the Contracts.

Contracts Advertising Material. No piece of advertising or sales literature or other promotional material in which the Company is named shall be used by the Trust or the Distributor, except with the prior written consent of the Company, which consent shall not be unreasonably withheld; provided that such prior written consent shall not be required if the Trust receives a written or facsimile acknowledgement that such material has been received by the Company for review at least 10 Business Days prior to its use and, after the expiration of such 10 Business Day period, the Company has not commented upon the content of such material and is therefore deemed to consent to its use. The Company may at any time in its sole discretion revoke any consent upon reasonable determination that such revocation is necessary, and upon notification of such revocation, the Trust and the Distributor shall discontinue use of the material subject to such revocation, it being understood that Trust and Distributor shall be afforded a reasonable period of time to discontinue such use. The Company, upon prior written notice to the Trust, may delegate its rights and add responsibilities under this provision to the principal underwriter for the Contracts.