Common use of Obligations to Participating Dealers Clause in Contracts

Obligations to Participating Dealers. The Fund will not be liable or responsible to any Participating Dealer for direct payment of selling commissions, Dealer Manager Fees or Distribution and Servicing Fees to such Participating Dealer, it being the sole and exclusive responsibility of the Dealer Manager for payment of selling commissions, Dealer Manager Fees or Distribution and Servicing Fees to Participating Dealers. Notwithstanding the above, the Fund, in its sole discretion, may act as agent of the Dealer Manager by making direct payment of commissions, reallowances of the Dealer Manager Fee or payment of Distribution and Servicing Fees to such Participating Dealers without incurring any liability therefor. The Distribution and Servicing Fee payable to Participating Dealers with respect to any Class T Shares, Class I Shares and Class C Shares will be paid on a monthly basis.

Obligations to Participating Dealers. The Fund will not be liable or responsible to any Participating Dealer for direct payment of selling commissions, Dealer Manager Fees or Distribution and Servicing Fees to such Participating Dealer, it being the sole and exclusive responsibility of the Dealer Manager for payment of selling commissions, Dealer Manager Fees or Distribution and Servicing Fees to Participating Dealers. Notwithstanding the above, the Fund, in its sole discretion, may act as agent of the Dealer Manager by making direct payment of commissions, reallowances of the Dealer Manager Fee or payment of Distribution and Servicing Fees to such Participating Dealers without incurring any liability therefor. The Distribution and Servicing Fee payable to Participating Dealers with respect to any Class T Shares, and Class I Shares and Class C Shares will be paid on a monthly basis.

Obligations to Participating Dealers. The Fund will not be liable or responsible to any Participating Dealer for direct payment of selling commissions, Dealer Manager Fees or Distribution and Servicing Fees to such Participating Dealer, it being the sole and exclusive responsibility of the Dealer Manager for payment of selling commissions, Dealer Manager Fees or Distribution and Servicing Fees to Participating Dealers. Notwithstanding the above, the Fund, in its sole discretion, may act as agent of the Dealer Manager by making direct payment of commissions, reallowances of the Dealer Manager Fee or payment of Distribution and Servicing Fees to such Participating Dealers without incurring any liability therefor. The Distribution and Servicing Fee payable to Participating Dealers with respect to any Class T SharesT, Class I Shares D and Class C I Shares will be paid on a monthly basis.