Common use of Offering Price of Shares Clause in Contracts

Offering Price of Shares. All Shares sold by MMLD as agent pursuant to this Agreement shall be sold at the public offering price per Share in effect at the time of the sale, as described in the current Prospectus. The excess, if any, of the public offering price over the net asset value of the Shares sold by MMLD as agent, and any contingent deferred sales charge (“CDSC”) applicable to Shares of any class as set forth in the current Prospectus, shall be retained by MMLD as a commission for its services hereunder. Out of such commission MMLD or its designee may allow commissions, concessions or agency fees to dealers, other financial institutions, including banks, and others in such amounts as MMLD or its designee shall determine from time to time, consistent with any disclosure in the current Prospectus and SAI. Except as may be otherwise determined by MMLD or its designee from time to time, such commissions, concessions or agency fees shall be uniform to all dealers and other financial institutions. At no time shall the Trust receive less than the full net asset value of the Shares, determined in the manner set forth in the current Prospectus and the SAI. MMLD also may receive such compensation under the Rule 12b-1 plan or plans, if applicable, with respect to a Fund or a particular class of Shares as may be authorized by the Trustees of the Trust from time to time.

Offering Price of Shares. All Shares sold by MMLD as agent pursuant to this Agreement shall be sold at the public offering price per Share in effect at the time of the sale, as described in the current Prospectus. The excess, if any, of the public offering price over the net asset value of the Shares sold by MMLD as agent, and any contingent deferred sales charge (“CDSC”) applicable to Shares of any class as set forth in the current Prospectus, shall be retained by MMLD as a commission for its services hereunder. Out of such commission MMLD or its designee may allow commissions, concessions or agency fees to dealers, other financial institutions, including banks, and others in such amounts as MMLD or its designee shall determine from time to time, consistent with any disclosure in the current Prospectus and SAI. Except as may be otherwise determined by MMLD or its designee from time to time, such commissions, concessions or agency fees shall be uniform to all dealers and other financial institutions. At no time shall the Trust receive less than the full net asset value of the Shares, determined in the manner set forth in the current Prospectus and the SAI. MMLD also may receive such compensation under the Rule 12b-1 plan or plans, if applicable, with respect to a Fund or a particular class of Shares as may be authorized by the Trustees of the Trust from time to time.