Common use of Exclusive Nature of Duties Clause in Contracts

Exclusive Nature of Duties. The Distributor shall be the exclusive principal underwriter and distributor of each Fund, except that the exclusive rights granted to the Distributor to sell the Shares shall not apply to Shares issued by each Fund: (i) in connection with the merger or consolidation of any other investment company or personal holding company with the Fund or the acquisition by purchase or otherwise of all (or substantially all) the assets or the outstanding shares of any such company by the Fund; (ii) pursuant to reinvestment of dividends or capital gains distributions; or (iii) pursuant to the reinstatement privilege afforded redeeming shareholders.

Exclusive Nature of Duties. The Distributor shall be the exclusive principal underwriter and distributor of each the Fund, except that the exclusive rights granted to the Distributor to sell the Shares shall not apply to Shares issued by each the Fund: (i) in connection with the merger or consolidation of any other investment company or personal holding company with the Fund or the acquisition by purchase or otherwise of all (or substantially all) the assets or the outstanding shares of any such company by the Fund; or (ii) pursuant to reinvestment of dividends or capital gains distributions; or (iii) pursuant to the reinstatement privilege afforded redeeming shareholders.

Exclusive Nature of Duties. The Distributor shall be the exclusive principal underwriter and distributor of each Fundthe Trust, except that the exclusive rights granted to the Distributor to sell the Shares shall not apply to Shares issued by each Fundthe Trust: (i) in connection with the merger or consolidation of any other investment company or personal holding company with the Fund Trust or the acquisition by purchase or otherwise of all (or substantially all) the assets or the outstanding shares of any such company by the FundTrust; or (ii) pursuant to reinvestment of dividends or capital gains distributions; or (iii) pursuant to the reinstatement privilege afforded redeeming shareholders.

Exclusive Nature of Duties. The Distributor shall be the exclusive principal underwriter and distributor of each Fundthe Trust, except that the exclusive rights granted to the Distributor to sell the Shares shall not apply to Shares issued by each the Fund: (i) in connection with the merger or consolidation of any other investment company or personal holding company with the Fund or the acquisition by purchase or otherwise of all (or substantially all) the assets or the outstanding shares of any such company by the Fund; or (ii) pursuant to reinvestment of dividends or capital gains distributions; or (iii) pursuant to the reinstatement privilege afforded redeeming shareholders.