Common use of Correspondent Relationships Clause in Contracts

Correspondent Relationships. If You maintain relationships with unaffiliated introducing broker/ dealers or unaffiliated broker/ dealers who clear through You (“Correspondent” or “Correspondents”), You: (i) acknowledge that certain of Your Correspondents have not entered into a Dealer Agreement or a Shareholder Services Agreement with LMIS and; (ii) represent and warrant that Your contract with each Correspondent requires each Correspondent to comply with applicable law, including but not limited to anti-money laundering, the Fund’s registration statement, the Fund’s polices against late trading and market timing, and with the terms of the Agreement and this Amendment and; (iii) represent and warrant that You maintain a due diligence process in evaluating and monitoring each Correspondent’s compliance procedures, including procedures to comply with applicable law, including but not limited to anti-money laundering, the Fund’s registration statement, the Fund’s polices against late trading, and with the terms of the Agreement and this Amendment and; (iv) represent that that You will indemnify and hold harmless the Fund, LMIS, and each officer, employee, affiliate and agent of LMIS from and against any and all claims, demands, actions, losses, damages, liabilities, or costs, charges, counsel fees, and expenses of any nature arising out of any act or omission by a Correspondent in violation of applicable law, including but not limited to anti-money laundering the Fund’s registration statement, the Fund’s polices against late trading and market timing, and with the terms of the Agreement and this Amendment to the same extent as if You had committed such act or omission.

Correspondent Relationships. If You maintain relationships with unaffiliated introducing broker/ dealers or unaffiliated broker/ dealers who clear through You (“Correspondent” or “Correspondents”), You: (i) acknowledge that certain of Your Correspondents have not entered into a Dealer Agreement or a Shareholder Services Agreement with LMIS and; (ii) represent and warrant that Your contract with each Correspondent requires each Correspondent to comply with applicable law, including but not limited to anti-money laundering, the each Fund’s registration statement, the each Fund’s polices against late trading and market timing, and with the terms of the Agreement and this Amendment and; (iii) represent and warrant that You maintain a due diligence process in evaluating and monitoring each Correspondent’s compliance procedures, including procedures to comply with applicable law, including but not limited to anti-money laundering, the each Fund’s registration statement, the each Fund’s polices against late tradingtrading and market timing, and with the terms of the Agreement and this Amendment and; (iv) represent that that You will indemnify and hold harmless the each Fund, LMIS, and each officer, employee, affiliate and agent of LMIS from and against any and all claims, demands, actions, losses, damages, liabilities, or costs, charges, counsel fees, and expenses of any nature arising out of any act or omission by a Correspondent in violation of applicable law, including but not limited to anti-money laundering the each Fund’s registration statement, the each Fund’s polices against late trading and market timing, and with the terms of the Agreement and this Amendment to the same extent as if You had committed such act or omission.

Correspondent Relationships. If You maintain relationships with unaffiliated introducing broker/ dealers or unaffiliated broker/ dealers who clear through You (“Correspondent” or “Correspondents”), You: (i) acknowledge that certain of Your Correspondents have not entered into a Dealer Agreement or a Shareholder Services Agreement with LMIS and; ; (ii) represent and warrant that Your contract with each Correspondent requires each Correspondent to comply with applicable law, including but not limited to anti-money laundering, the Fund’s registration statement, the Fund’s polices against late trading and market timing, and with the terms of the Agreement and this Amendment and; (iii) represent and warrant that You maintain a due diligence process in evaluating and monitoring each Correspondent’s compliance procedures, including procedures to comply with applicable law, including but not limited to anti-money laundering, the Fund’s registration statement, the Fund’s polices against late trading, and with the terms of the Agreement and this Amendment and; (iv) represent that that You will indemnify and hold harmless the Fund, LMIS, and each officer, employee, affiliate and agent of LMIS from and against any and all claims, demands, actions, losses, damages, liabilities, or costs, charges, counsel fees, and expenses of any nature arising out of any act or omission by a Correspondent in violation of applicable law, including but not limited to anti-money laundering the Fund’s registration statement, the Fund’s polices against late trading and market timing, and with the terms of the Agreement and this Amendment to the same extent as if You had committed such act or omission.