Common use of Introducer Letters Clause in Contracts

Introducer Letters. (a) Each Fund hereby instructs the Bank not to perform the AML/Sanctions Assistance Functions if a verified member (the “Introducer”) of the Financial Industry Regulatory Authority (“FINRA”) declares in writing that it has verified the identity of a Fund Investor and any applicable ultimate beneficial owners and controlling parties pursuant to a valid introducer letter. (b) Each Fund agrees that the Funds, and not the Bank, will be responsible for determining whether an introducer letter is valid. Furthermore, the Funds, and not the Bank, will be responsible for compliance with any requirements under the U.S. Bank Secrecy Act, as amended by the USA PATRIOT Act, and other applicable U.S. rules and regulations, including, but not limited to, any Customer Due Diligence Requirements for Financial Institutions published by FinCEN on May 11, 2016, together or collectively with any amendments thereto, with respect to any Fund Investor(s) introduced by such Introducer if an introducer letter fails to meet any standards required by law or regulation. (c) Each Fund has approved the introducer letters for the list of Introducers on Appendix B attached hereto. In the event that the Funds approve one or more additional Introducers, the Funds shall notify the Bank in writing and shall provide an updated Appendix B to this Supplement. The parties agree that any such notification shall be considered an instruction under the Agreement directing the Bank not to perform the AML/Sanctions Assistance Functions for Fund Investors introduced by such Introducer(s).

Introducer Letters. (a) Each Fund Trust hereby instructs the Bank not to perform the AML/Sanctions Assistance Functions if a verified member (the “Introducer”) of the Financial Industry Regulatory Authority (“FINRA”) declares introduces, in writing that it has verified writing, a Trust Investor to the identity of a Fund Investor and any applicable ultimate beneficial owners and controlling parties Bank pursuant to a valid introducer letter. (b) Each Fund Trust agrees that the FundsTrust, and not the Bank, will be responsible for determining whether an introducer letter is valid. Furthermore, the FundsTrust, and not the Bank, will be responsible for compliance with any requirements under the U.S. Bank Secrecy Act, as amended by the USA PATRIOT Act, and other applicable U.S. rules and regulations, including, but not limited to, any Customer Due Diligence Requirements for Financial Institutions published by FinCEN on May 11, 2016, together or collectively with any amendments thereto, with respect to any Fund Trust Investor(s) introduced by such Introducer if an introducer letter fails to meet any standards required by law or regulation. (c) Each Fund Trust has approved the introducer letters for the list of Introducers on Appendix B B, attached hereto. In the event that the Funds approve Trust approves one or more additional Introducers, the Funds Trust shall notify the Bank in writing and shall provide an updated Appendix B to this Supplement. The parties agree that any such notification shall be considered an instruction under the Agreement directing the Bank not to perform the AML/Sanctions Assistance Functions for Fund Trust Investors introduced by such Introducer(s).

Introducer Letters. (a) Each Fund hereby instructs the Bank not to perform the AML/Sanctions Assistance Functions if a verified member (the “Introducer”) of the Financial Industry Regulatory Authority (“FINRA”) or an entity set forth on Appendix C hereto (each , an “SEC Registrant Introducer”) declares in writing that it has verified the identity of a Fund Investor and any applicable ultimate beneficial owners and controlling parties pursuant to a valid introducer letter.. Information Classification: Limited Access (b) Each Fund agrees that the Funds, and not the Bank, will be responsible for determining whether an introducer letter is valid. Furthermore, the Funds, and not the Bank, will be responsible for compliance with any requirements under the U.S. Bank Secrecy Act, as amended by the USA PATRIOT Act, and other applicable U.S. rules and regulations, including, but not limited to, any Customer Due Diligence Requirements for Financial Institutions published by FinCEN on May 11, 2016, together or collectively with any amendments thereto, with respect to any Fund Investor(s) introduced by either such Introducer or such SEC Registrant Introducer if an introducer letter fails to meet any standards required by law or regulation. (c) Each Fund has approved the introducer letters for the list of Introducers on Appendix B attached hereto. In the event that the Funds approve one or more additional Introducers, the Funds Fund shall notify the Bank in writing and shall provide an updated Appendix B to this Supplement. The parties agree that any such notification shall be considered an instruction under the Agreement directing the Bank not to perform the AML/Sanctions Assistance Functions for Fund Investors introduced by such Introducer(s). (d) The Fund has approved the introducer letters for the list of Introducers on Appendix C attached hereto. In the event that the Fund approves one or more additional SEC Registrant Introducers, the Fund shall notify the Bank in writing and shall provide an updated Appendix C to this Supplement. The parties agree that any such notification of the inclusion of any SEC Registrant Introducer(s) on Appendix C hereto shall be an instruction under the Agreement directing the Bank not to perform the AML/Sanctions Assistance Functions for Fund Investors introduced by any such SEC Registrant Introducer(s). With respect to any such instruction or an SEC Registrant Introducer being included on Appendix C hereto, the Fund explicitly acknowledges and agrees that the Bank shall be kept indemnified by the Fund or any Fund Investor ( including but not limited to any beneficial owners thereof) with respect to any liability or cost whatsoever (including but not limited to any regulatory obligations or costs related to) that may arise as a result of any such instruction or an SEC Registrant Introducer being included on Appendix C hereto.

Introducer Letters. (a) Each Fund hereby instructs the Bank not to perform the AML/Sanctions Assistance Functions if a verified member (the “Introducer”) of the Financial Industry Regulatory Authority (“FINRA”) declares in writing that it has verified the identity of a Fund Investor and any applicable ultimate beneficial owners and controlling parties pursuant to a valid introducer letter. (b) Each Fund agrees that the Funds, and not the Bank, will be responsible for determining whether an introducer letter is valid. Furthermore, the Funds, and not the Bank, will be responsible for compliance with any requirements under the U.S. Bank Secrecy Act, as amended by the USA PATRIOT Act, and other applicable U.S. rules and regulations, including, but not limited to, any Customer Due Diligence Requirements for Financial Institutions published by FinCEN on May 11, 20162018, together or collectively with any amendments thereto, with respect to any Fund Investor(s) introduced by such Introducer if an introducer letter fails to meet any standards required by law or regulation. (c) Each Fund has approved the introducer letters for the list of Introducers on Appendix B attached hereto. In the event that the Funds approve one or more additional Introducers, the Funds shall notify the Bank in writing and shall provide an updated Appendix B to this Supplement. The parties agree that any such notification shall be considered an instruction under the Agreement directing the Bank not to perform the Information Classification: Limited Access Information Classification: Limited Access AML/Sanctions Assistance Functions for Fund Investors introduced by such Introducer(s).

Introducer Letters. (a) Each Fund hereby instructs the Bank not to perform the AML/Sanctions Assistance Functions if a verified member (the “Introducer”) of the Financial Industry Regulatory Authority (“FINRA”) declares in writing that it has verified the identity of a Fund Investor and any applicable ultimate beneficial owners and controlling parties pursuant to a valid introducer letter. (b) Each The Fund agrees that the FundsFund, and not the Bank, will be responsible for determining whether an introducer letter is valid. Furthermore, the FundsFund, and not the Bank, will be responsible for compliance with any requirements under the U.S. Bank Secrecy Act, as amended by the USA PATRIOT Act, and other applicable U.S. rules and regulations, including, but not limited to, any Customer Due Diligence Requirements for Financial Institutions published by FinCEN on May 11, 20162018, together or collectively with any amendments thereto, with respect to any Fund Investor(s) introduced by such Introducer if an introducer letter fails to meet any standards required by law or regulation. (c) Each The Fund has approved the introducer letters for the list of Introducers on Appendix B Exhibit 2 attached hereto. In the event that the Funds approve Fund approves one or more additional Introducers, the Funds Fund shall notify the Bank in writing and shall provide an updated Appendix B Exhibit 2 to this Supplement. The parties agree that any such notification shall be considered an instruction under the Agreement directing the Bank not to perform the AML/Sanctions Assistance Functions for Fund Investors introduced by such Introducer(s).