Common use of Distribution and Servicing Activities Clause in Contracts

Distribution and Servicing Activities. Each Fund shall pay the Distributor a distribution and servicing fee under the Plan at the end of each month at the annual rate of up to 0.25% of average daily net assets attributable to Class A shares of the Fund to compensate the Distributor and broker-dealers for providing sales and promotional activities and services and for the provision of personal services to holders of Class A shares and/or the maintenance of such shareholder accounts. Such activities will relate to the sale, promotion and marketing of each Fund’s Class A shares and servicing Class A shareholder accounts. Payments may be made for sales commissions to financial consultants for selling Class A shares, compensation, sales incentives and payments to sales and marketing personnel, and on expenses incurred in connection with sales and promotional activities, including advertising expenditures related to the Class A shares and the costs of preparing and distributing promotional materials with respect to such Class A shares. Payment of the distribution and servicing fee described in this Section 1 shall be subject to any limitations set forth in applicable regulations of the National Association of Securities Dealers, Inc. Nothing herein shall prohibit the Distributor from collecting distribution and servicing fees in any given year, as provided hereunder, in excess of expenditures made in such year for sales and promotional activities with respect to the Funds.

Distribution and Servicing Activities. Each Fund shall pay the Distributor a distribution and servicing fee under the Plan at the end of each month at the annual rate of up to 0.25% of average daily net assets attributable to Class A shares of the Fund to compensate the Distributor and broker-dealers for providing sales and promotional activities and services and for the provision of personal services to holders of Class A shares and/or the maintenance of such shareholder accounts. Such activities will relate to the sale, promotion and marketing of each Fund’s 's Class A shares and servicing Class A shareholder accounts. Payments may be made for sales commissions to financial consultants for selling Class A shares, compensation, sales incentives and payments to sales and marketing personnel, and on expenses incurred in connection with sales and promotional activities, including advertising expenditures related to the Class A shares and the costs of preparing and distributing promotional materials with respect to such Class A shares. Payment of the distribution and servicing fee described in this Section 1 shall be subject to any limitations set forth in applicable regulations of the National Association of Securities Dealers, Inc. Nothing herein shall prohibit the Distributor from collecting distribution and servicing fees in any given year, as provided hereunder, in excess of expenditures made in such year for sales and promotional activities with respect to the Funds.