Common use of Distribution Expenses Clause in Contracts

Distribution Expenses. Sierra Services will bear all expenses in connection with the performance of its services and the incurring of distribution expenses under this Agreement. For purposes of this Agreement, "distribution expenses" of Sierra Services shall mean all expenses borne by Sierra Services or by any other person with which Sierra Services has an agreement (including but not limited to Dealer Agreements) approved by the Trust, which expenses represent payment for activities primarily intended to result in the sale of Shares, including, but not limited to, the following (provided, that "distribution expenses" shall not include any expenditures in connection with services that Sierra Services or any other person have agreed to bear or provide without reimbursement or compensation): (1) payments made to, and expenses of, registered representatives and other employees of Sierra Services or of Brokers; (2) payments made to, and expenses of, persons providing support services in connection with the distribution of Shares, including but not limited to office space and equipment, telephone facilities, answering routine inquiries regarding the Trust, and processing transactions; (3) costs relating to the formulation and implementation of marketing and promotional activities, including but not limited to direct mail promotions and television, radio, newspaper, magazine and other mass media advertising, and costs involved in preparing, printing and distributing advertising and sales literature pertaining to the Trust; (4) costs of printing and distributing Prospectuses and reports of the Trust to prospective Shareholders; (5) costs involved in obtaining whatever information, analyses and reports with respect to marketing and promotional activities that the Trust may, from time to time, deem advisable; and (6) costs of financing any of the foregoing.

Distribution Expenses. Sierra Services will bear all expenses in connection with the performance of its services and the incurring of distribution expenses under this Agreement. For purposes of this Agreement, "distribution expenses" of Sierra Services shall mean all expenses borne by Sierra Services or by any other person with which Sierra Services has an agreement (including but not limited to Dealer Agreements) approved by the Trust, which expenses represent payment for activities primarily intended to result in the sale of Shares, including, but not limited to, the following (provided, that "distribution expenses" shall not include any expenditures in connection with services that Sierra Services or any other person have agreed to bear or provide without reimbursement or compensation): (1) payments made to, and expenses of, registered representatives and other employees of Sierra Services or of Brokers; (2) payments made to, and expenses of, persons providing support services in connection with the distribution of Shares, including but not limited to office space and equipment, telephone facilities, answering routine inquiries regarding the Trust, and processing transactions; (3) costs relating to the formulation and implementation of marketing and promotional activities, including but not limited to direct mail promotions and television, radio, newspaper, magazine and other mass media advertising, and costs involved in preparing, printing and distributing advertising and sales literature pertaining to the Trust; (4) costs of printing and distributing Prospectuses and reports of the Trust to prospective Shareholders; (5) costs involved in obtaining whatever information, analyses and reports with respect to marketing and promotional activities that the Trust may, from time to time, deem advisable; and (6) costs of financing any of the foregoing.