No Fiduciary Relationship. The Distributor hereby acknowledges that the Agent is acting solely as sub-placement agent in connection with the sale of the Shares and that the Agent is acting pursuant to a contractual relationship created solely by this Agreement entered into on an arm’s length basis, and in no event do the parties intend that the Agent act or be responsible as a fiduciary to the Distributor or the Fund, their respective management, shareholders or creditors, or any other person in connection with any activity that the Agent may undertake or have undertaken in furtherance of the sale of the Shares, either before or after the date hereof.
Appears in 95 contracts
Samples: Sub Placement Agent Agreement (Ares Dynamic Credit Allocation Fund, Inc.), Sub Placement Agent Agreement (Western Asset Global High Income Fund Inc.), Sub Placement Agent Agreement (KKR Income Opportunities Fund)
No Fiduciary Relationship. The Distributor hereby acknowledges that the Agent is acting solely as sub-placement agent in connection con with the sale of the Shares and that the Agent is acting pursuant to a contractual relationship created solely by this Agreement entered into on an arm’s length basis, and in no event do the parties intend that the Agent act or be responsible as a fiduciary to the Distributor or the Fund, their respective management, shareholders or creditors, or any other person in connection with any activity that the Agent may undertake or have undertaken in furtherance of the sale of the Shares, either before or after the date hereof.
Appears in 8 contracts
Samples: Sub Placement Agent Agreement (Reaves Utility Income Fund), Sub Placement Agent Agreement (Aberdeen Income Credit Strategies Fund), Sub Placement Agent Agreement (Reaves Utility Income Fund)
No Fiduciary Relationship. The Distributor hereby acknowledges that the Agent is acting solely as sub-placement agent in connection with the sale of the Shares and that the Agent is acting pursuant to a contractual relationship created solely by this Agreement entered into on an arm’s length basis, and in no event do the parties intend that the Agent act or be responsible as a fiduciary to the Distributor or the Fund, their respective management, shareholders or creditors, or any other person in connection with any activity that the Agent may undertake or have undertaken in furtherance of the sale of the Shares, either before or after the date hereof.
Appears in 8 contracts
Samples: Sub Placement Agent Agreement (RiverNorth Managed Duration Municipal Income Fund II, Inc.), Sub Placement Agent Agreement (RiverNorth Opportunistic Municipal Income Fund, Inc.), Sub Placement Agent Agreement (RiverNorth Managed Duration Municipal Income Fund, Inc.)
No Fiduciary Relationship. The Distributor hereby acknowledges that the Agent is acting solely as sub-placement agent in connection with the sale of the Shares and that the Agent is acting pursuant to a contractual relationship created solely by this Agreement entered into on an arm’s length basis, and in no event do the parties intend that the Agent act or be responsible as a fiduciary to the Distributor or the FundTrust, their respective management, shareholders or creditors, or any other person in connection with any activity that the Agent may undertake or have undertaken in furtherance of the sale of the Shares, either before or after the date hereof.
Appears in 6 contracts
Samples: Sub Placement Agent Agreement (BlackRock Enhanced Equity Dividend Trust), Sub Placement Agent Agreement (Blackrock Municipal Income Trust), Sub Placement Agent Agreement (BlackRock Science & Technology Trust)
No Fiduciary Relationship. The Distributor hereby acknowledges that the Agent is acting solely as sub-placement agent in connection with the sale of the Shares and that the Agent is acting pursuant to a contractual relationship created solely by this Agreement entered into on an arm’s length basis, and in no event do the parties intend that the Agent act or be responsible as a fiduciary to the Distributor or the Fund, their respective management, shareholders stockholders or creditors, or any other person in connection with any activity that the Agent may undertake or have undertaken in furtherance of the sale of the Shares, either before or after the date hereof.
Appears in 2 contracts
Samples: Sub Placement Agent Agreement (Neuberger Berman High Yield Strategies Fund Inc.), Sub Placement Agent Agreement (Neuberger Berman High Yield Strategies Fund Inc.)
