Common use of Distributors Clause in Contracts

Distributors. The Manager shall make or cause to be made such arrangements as are expedient for the distribution of Units, having regard to the requirements of Applicable Laws and applicable stock exchange rules and regulations respecting such distribution of Units in the jurisdiction or jurisdictions in which they are to be distributed. It is understood and agreed that: (i) the Manager or the Investment Manager may distribute Units itself in the offering jurisdictions in which it is registered, or is exempt or has obtained a discretionary exemption from such registration, under applicable Securities Legislation; and (ii) subject to the approval of the Trustee, the Manager will retain the services of Underwriters pursuant to any Underwriting Agreement to assist it in the distribution of the Units in the offering jurisdictions.