Common use of Development Cost Recovery Clause in Contracts

Development Cost Recovery. The Transfer Agent will not announce the availability of Fund-specific or Dreyfus-affiliated funds-specific requests constituting unique third party systematic interfaces to its other clients or third parties generally. However, if another client or third party becomes aware of the interface and requests it to be made available to them, the Fund will be entitled to recovery of its share of development costs as described herein. This recovery will not exceed 75% of development costs during the first 12 months or 50% during the 12th – 18th month period after the installation of the interface. After 18 months of production usage of the software, there will be no recovery of developmental costs.

Development Cost Recovery. The Transfer Agent will not announce the availability of Fund-specific or Dreyfus-affiliated funds-specific requests constituting unique third party systematic interfaces to its other clients or third parties generally. However, if another client or third party becomes aware of the interface and requests it to be made available to them, the Fund will be entitled to recovery of its share of development costs as described herein. This recovery will not exceed 75% of development costs during the first 12 months or 50% during the 12th – 18th month period after the installation of the interface. After 18 months of production usage of the softwaresoftware , there will be no recovery of developmental costs.