Common use of Distribution Reinvestment Plan Clause in Contracts

Distribution Reinvestment Plan. Notwithstanding any other provision in this Agreement, if any customer of a Dealer participates in the distribution reinvestment plan of the Fund (the "Plan") and has designated a Dealer as a broker-dealer entitled to receive commissions on reinvestment of Net Cash Flow of the Fund, the Dealer-Manager shall be entitled to receive commissions on such reinvestment at the rates set forth in paragraph 3.3 (a) (and no other reimbursement or commission), all or a portion of which shall be reallowed to the relevant Dealer, but only if Dealer-Manager confirms that such Dealer has complied with the following conditions: a. Neither Dealer-Manager, the Fund nor the Managers have received any notification from such customer of the customer's election to revoke the designation of Dealer as a broker-dealer entitled to such commission;