Common use of Duties as Distributor Clause in Contracts

Duties as Distributor. ISI agrees that all solicitations for subscriptions for Shares shall be made in accordance with the Fund's Articles of Incorporation and By-Laws, and its then current Registration Statement, Prospectus and Statement of Additional Information, and shall not at any time or in any manner violate any provisions of the laws of the United States or of any state or other jurisdiction in which solicitations are then being made. In carrying out its obligations hereunder, ISI shall undertake the following actions and responsibilities: (a) receive orders for the purchase of Shares, accept or reject such orders on behalf of the Fund in accordance with the currently effective Prospectus for the Shares and the Fund's Statement of Additional Information and transmit such orders as are so accepted to the Fund's transfer agent as promptly as possible; (b) receive requests for redemption from holders of Shares and transmit such redemption requests to the Fund's transfer agent as promptly as possible; (c) respond to inquiries from the Fund's shareholders concerning the status of their accounts with the Fund; (d) provide to the Fund's Treasurer, at least quarterly, a written report of the amounts expended in connection with all distribution services rendered pursuant to this Agreement, including an explanation of the purposes for which such expenditures were made; and (e) take, on behalf of the Fund, all actions deemed necessary to carry into effect the distribution of the Shares and perform such other administrative duties with respect to the Shares as the Fund's Board of Directors may require.

Duties as Distributor. ISI agrees that all solicitations for subscriptions for Shares shall be made in accordance with the Fund's Articles of Incorporation and By-Laws, and its then current Registration Statement, Prospectus and Statement of Additional Information, and shall not at any time or in any manner violate any provisions of the laws of the United States or of any state or other jurisdiction in which solicitations are then being made. In carrying out its obligations hereunder, ISI shall undertake the following actions and responsibilities: (a) receive orders for the purchase of Shares, accept or reject such orders on behalf of the Fund in accordance with the currently effective Prospectus for the Shares and the Fund's Statement of Additional Information and transmit such orders as are so accepted to the Fund's transfer agent as promptly as possible; (b) receive requests for redemption from holders of Shares and transmit such redemption requests to the Fund's transfer agent as promptly as possible; (c) respond to inquiries from the Fund's shareholders concerning the status of their accounts with the Fund; (d) provide to the Fund's Treasurer, at least quarterly, a written report of the amounts expended in connection with all distribution services rendered pursuant to this Agreement, including an explanation of the purposes for which such expenditures were made; and (e) take, on behalf of the Fund, all actions deemed necessary to carry into effect the distribution of the Shares and perform such other administrative duties with respect to the Shares as the Fund's Board of Directors may require.

Duties as Distributor. ISI Alex. Xxxxx agrees that all solicitations for subscriptions for Shares shall be made in accordance with the Fund's Articles of Incorporation and By-Laws, and its then current Registration Statement, Prospectus and Statement of Additional Information, and shall not at any time or in any manner violate any provisions of the laws of the United States or of any state or other jurisdiction in which solicitations are then being made. In carrying out its obligations hereunder, ISI Alex. Xxxxx shall undertake the following actions and responsibilities: (a) receive orders for the purchase of Shares, accept or reject such orders on behalf of the Fund in accordance with the currently effective Prospectus for the Shares and the Fund's Statement of Additional Information and transmit such orders as are so accepted to the Fund's transfer agent as promptly as possible; (b) receive requests for redemption from holders of Shares and transmit such redemption requests to the Fund's transfer agent as promptly as possible; (c) respond to inquiries from the Fund's shareholders concerning the status of their accounts with the Fund; (d) provide to the Fund's Treasurer, at least quarterly, a written report of the amounts expended in connection with all distribution services rendered pursuant to this Agreement, including an explanation of the purposes for which such expenditures were made; and (e) take, on behalf of the Fund, all actions deemed which appear to the Fund necessary to carry into effect the distribution of the Shares and perform such other administrative duties with respect to the Shares as the Fund's Board of Directors may require.

Duties as Distributor. ISI agrees that all solicitations for subscriptions for Shares The Broker shall be made give the Fund the benefit of its best judgment, efforts and facilities in accordance with rendering its services as Distributor. The Broker will act as Distributor subject to the supervision of the Fund's Articles Board of Incorporation Directors and the following understanding: (i) nothing herein contained shall be deemed to relieve or deprive the Board of Directors of the Fund of its responsibility for and control of the conduct of the Fund's affairs; and (ii) in all matters relating to the performance of this Agreement, the Broker will act in conformity with the Articles, By-Laws, laws and its then current Registration Statement, Prospectus and Statement of Additional Information, and shall not at any time or in any manner violate any provisions SAI of the laws Fund and with the instructions and directions of the United States Fund's Board of Directors and will conform to and comply with the requirements of the 1940 Act and all other applicable Federal or of any state or other jurisdiction in which solicitations are then being madelaws and regulations. In carrying out its obligations hereunder, ISI shall undertake the following actions and responsibilitiesBroker shall: (a) receive orders for the purchase of the Series Shares, accept or reject such orders on behalf of the Fund in accordance with the Fund's currently effective Prospectus for the Shares and the Fund's Statement of Additional Information SAI and transmit such orders as are so accepted to the Fund's or its transfer agent as promptly as possible; (b) receive requests for redemption from holders of the Portfolio Shares and transmit such redemption requests to the Fund's or its transfer agent as promptly as possible;; and (c) respond to inquiries from the Fund's shareholders holders of the Series Shares concerning the status of their accounts with the Fund; (d) provide to the Fund's Treasurer, at least quarterly, a written report of the amounts expended in connection with all distribution services rendered pursuant to this Agreement, including an explanation of the purposes for which such expenditures were made; and (e) take, on behalf of the Fund, all actions deemed necessary to carry into effect the distribution of the Shares and perform such other administrative duties with respect to the Shares as the Fund's Board of Directors may require.

Duties as Distributor. ISI agrees that all solicitations for subscriptions for Shares shall be made in accordance with the Fund's Articles of Incorporation and By-Laws, and its then current Registration Statement, Prospectus and Statement of Additional Information, and shall not at any time or in any manner violate any provisions of the laws of the United States or of any state or other jurisdiction in which solicitations are then being made. In carrying out its obligations hereunder, ISI shall undertake the following actions and responsibilities: (a) receive orders for the purchase of Shares, accept or reject such orders on behalf of the Fund in accordance with the currently effective Prospectus for the Shares and the Fund's Statement of Additional Information and transmit such orders as are so accepted to the Fund's transfer agent as promptly as possible; (b) receive requests for redemption from holders of Shares and transmit such redemption requests to the Fund's transfer agent as promptly as possible; (c) respond to inquiries from the Fund's shareholders concerning the status of their accounts with the Fund; (d) provide to the Fund's Treasurer, at least quarterly, a written report of the amounts expended in connection with all distribution services rendered pursuant to this Agreement, including an explanation of the purposes for which such expenditures were made; and (ed) take, on behalf of the Fund, all actions deemed necessary to carry into effect the distribution of the Shares and perform such other administrative duties with respect to the Shares as the Fund's Board of Directors may require.

Duties as Distributor. ISI AFC agrees that all solicitations for subscriptions for Shares shall be made in accordance with the Fund's Articles of Incorporation and By-Laws, and its then current Registration Statement, Prospectus and Statement of Additional Information, and shall not at any time or in any manner violate any provisions of the laws of the United States or of any state or other jurisdiction in which solicitations are then being made. In carrying out its obligations hereunder, ISI AFC shall undertake the following actions and responsibilities: (a) receive orders for the purchase of Shares, accept or reject such orders on behalf of the Fund in accordance with the currently effective Prospectus for the Shares and the Fund's Statement of Additional Information and transmit such orders as are so accepted to the Fund's transfer agent as promptly as possible; (b) receive requests for redemption from holders of Shares and transmit such redemption requests to the Fund's transfer agent as promptly as possible; (c) respond to inquiries from the Fund's shareholders concerning the status of their accounts with the Fund; (d) provide to the Fund's Treasurer, at least quarterly, a written report of the amounts expended in connection with all distribution services rendered pursuant to this Agreement, including an explanation of the purposes for which such expenditures were made; and (e) take, on behalf of the Fund, all actions deemed which appear to the Fund necessary to carry into effect the distribution of the Shares and perform such other administrative duties with respect to the Shares as the Fund's Board of Directors may require.

Duties as Distributor. ISI agrees that all solicitations for subscriptions for Shares The Broker shall be made give the Fund the benefit of its best judgment, efforts and facilities in accordance with rendering its services as Distributor. The Broker will act as Distributor subject to the supervision of the Fund's Articles Board of Incorporation Directors and the following understanding: (I) nothing herein contained shall be deemed to relieve or deprive the Board of Directors of the Fund of its responsibility for and control of the conduct of the Fund's affairs; and (ii) in all matters relating to the performance of this Agreement, the Broker will act in conformity with the Articles, By-Laws, laws and its then current Registration Statement, Prospectus and Statement of Additional Information, and shall not at any time or in any manner violate any provisions SAI of the laws Fund and with the instructions and directions of the United States Fund's Board of Directors and will conform to and comply with the requirements of the 1940 Act and all other applicable Federal or of any state or other jurisdiction in which solicitations are then being madelaws and regulations. In carrying out its obligations hereunder, ISI shall undertake the following actions and responsibilitiesBroker shall: (a) receive orders for the purchase of the Series Shares, accept or reject such orders on behalf of the Fund in accordance with the Fund's currently effective Prospectus for the Shares and the Fund's Statement of Additional Information SAI and transmit such orders as are so accepted to the Fund's or its transfer agent as promptly as possible; (b) receive requests for redemption from holders of the Portfolio Shares and transmit such redemption requests to the Fund's or its transfer agent as promptly as possible;; and (c) respond to inquiries from the Fund's shareholders holders of the Series Shares concerning the status of their accounts with the Fund; (d) provide to the Fund's Treasurer, at least quarterly, a written report of the amounts expended in connection with all distribution services rendered pursuant to this Agreement, including an explanation of the purposes for which such expenditures were made; and (e) take, on behalf of the Fund, all actions deemed necessary to carry into effect the distribution of the Shares and perform such other administrative duties with respect to the Shares as the Fund's Board of Directors may require.

Duties as Distributor. ISI Alex. Xxxxx agrees that all solicitations for subscriptions for Shares of the Fund shall be made in accordance with the Fund's Articles of Incorporation and By-Laws, and its then current Registration Statement, Prospectus and Statement of Additional Information, and shall not at any time or in any manner violate any provisions of the laws of the United States or of any state State or other jurisdiction in which solicitations are then being made. In carrying out its obligations hereunder, ISI Alex. Xxxxx shall undertake the following actions and responsibilities: (a) receive orders for the purchase of Fund Shares, accept or reject such orders on behalf of the Fund in accordance with the currently effective Prospectus for the Shares and the Fund's Statement of Additional Information and transmit such orders as are so accepted to the Fund's transfer agent as promptly as possible; (b) receive requests for redemption from holders of Fund Shares and transmit such redemption requests to the Fund's transfer agent as promptly as possible; (c) respond to inquiries inquires from the Fund's shareholders concerning the status of their accounts with the Fund; (d) provide to the Fund's Treasurer, at least quarterly, a written report Board of Directors of the amounts expended in connection Fund with all distribution services rendered pursuant to this Agreement, including an explanation of quarterly reports as required by Rule 12b-1 under the purposes for which such expenditures were made1940 Act; and (e) take, on behalf of the Fund, all actions deemed which appear to the Fund necessary to carry into effect the distribution of the Shares and perform such other administrative duties with respect to the Fund Shares as the Fund's Board of Directors may require.

Duties as Distributor. ISI AFC agrees that all solicitations for subscriptions for Shares shall be made in accordance with the Fund's Articles of Incorporation and By-Laws, and its then current Registration Statement, Prospectus and Statement of Additional Information, and shall not at any time or in any manner violate any provisions of the laws of the United States or of any state or other jurisdiction in which solicitations are then being made. In carrying out its obligations hereunder, ISI AFC shall undertake the following actions and responsibilities: (a) receive orders for the purchase of Shares, accept or reject such orders on behalf of the Fund in accordance with the currently effective Prospectus for the Shares and the Fund's Statement of Additional Information and transmit such orders as are so accepted to the Fund's transfer agent as promptly as possible; (b) receive requests for redemption from holders of Shares and transmit such redemption requests to the Fund's transfer agent as promptly as possible; (c) respond to inquiries from the Fund's shareholders concerning the status of their accounts with the Fund; (d) provide to the Fund's Treasurer, at least quarterly, a written report of the amounts expended in connection with all distribution services rendered pursuant to this Agreement, including an explanation of the purposes for which such expenditures were made; and (e) take, on behalf of the Fund, all actions deemed which appear to the Fund necessary to carry into effect the distribution of the Shares and perform such other administrative duties with respect to the Shares as the Fund's Board of Directors may require.

Duties as Distributor. ISI AFC agrees that all solicitations for subscriptions for Shares of the Fund shall be made in accordance with the Fund's Articles of Incorporation and By-Laws, and its then current Registration Statement, Prospectus and Statement of Additional Information, and shall not at any time or in any manner violate any provisions of the laws of the United States or of any state State or other jurisdiction in which solicitations are then being made. In carrying out its obligations hereunder, ISI AFC shall undertake the following actions and responsibilities: (a) receive orders for the purchase of Fund Shares, accept or reject such orders on behalf of the Fund in accordance with the currently effective Prospectus for the Shares and the Fund's Statement of Additional Information and transmit such orders as are so accepted to the Fund's transfer agent as promptly as possible; (b) receive requests for redemption from holders of Fund Shares and transmit such redemption requests to the Fund's transfer agent as promptly as possible; (c) respond to inquiries inquires from the Fund's shareholders concerning the status of their accounts with the Fund; (d) provide to the Fund's Treasurer, at least quarterly, a written report of the amounts expended in connection with all distribution services rendered pursuant to this Agreement, including an explanation of the purposes for which such expenditures were made; and (ed) take, on behalf of the Fund, all actions deemed which appear to the Fund necessary to carry into effect the distribution of the Shares and perform such other administrative duties with respect to the Fund Shares as the Fund's Board of Directors may require.

Duties as Distributor. ISI agrees that all solicitations for subscriptions for Shares The Broker shall give the Fund the benefit of its best judgment, efforts and facilities in rendering its services as Distributor. The Broker will act as Distributor subject to the supervision of the Fund’s Board of Directors and the following understanding: (i) nothing herein contained shall be made deemed to relieve or deprive the Board of Directors of the Fund of its responsibility for and control of the conduct of the Fund’s affairs; and (ii) in accordance all matters relating to the performance of this Agreement, the Broker will act in conformity with the Fund's Articles of Incorporation and Articles, By-Laws, laws and its then current Registration Statement, Prospectus and Statement of Additional Information, and shall not at any time or in any manner violate any provisions SAI of the laws Fund and with the instructions and directions of the United States Fund’s Board of Directors and will conform to and comply with the requirements of the 1940 Act and all other applicable Federal or of any state or other jurisdiction in which solicitations are then being madelaws and regulations. In carrying out its obligations hereunder, ISI shall undertake the following actions and responsibilitiesBroker shall: (a) receive orders for the purchase of the Series Shares, accept or reject such orders on behalf of the Fund in accordance with the Fund’s currently effective Prospectus for the Shares and the Fund's Statement of Additional Information SAI and transmit such orders as are so accepted to the Fund's ’s or its transfer agent as promptly as possible; (b) receive requests for redemption from holders of the Portfolio Shares and transmit such redemption requests to the Fund's ’s or its transfer agent as promptly as possible;; and (c) respond to inquiries from the Fund's shareholders holders of the Series Shares concerning the status of their accounts with the Fund; (d) provide to the Fund's Treasurer, at least quarterly, a written report of the amounts expended in connection with all distribution services rendered pursuant to this Agreement, including an explanation of the purposes for which such expenditures were made; and (e) take, on behalf of the Fund, all actions deemed necessary to carry into effect the distribution of the Shares and perform such other administrative duties with respect to the Shares as the Fund's Board of Directors may require.