Common use of Multiple Capacities Clause in Contracts

Multiple Capacities. Distributor shall give the Company equitable treatment under the circumstances in supplying services in any capacity, but the Company recognizes that it is not entitled to receive preferential treatment from Distributor as compared with the treatment given to any other investment company or customer. Whenever Distributor shall act in multiple capacities on behalf of the Company, Distributor shall maintain the appropriate separate account and records for each such capacity.

Appears in 5 contracts

Samples: Distribution Agreement (First Defined Portfolio Management Fund LLC), Distribution Agreement (First Defined Sector Fund), Distribution Agreement (Ft Defined Portfolio LLC)

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