Common use of PAYMENTS AND COMMUNICATIONS TO REPRESENTATIVES Clause in Contracts

PAYMENTS AND COMMUNICATIONS TO REPRESENTATIVES. (a) Where consistent with applicable laws, rules, regulations and regulatory interpretations, you will pass through to your representatives a significant share of the service fees paid to you pursuant to this Agreement, or you will otherwise use the payments of service fees to advance the objective of providing and improving service to shareholders of the Putnam Funds in a manner spxxxxxxally approved by Putnam Mutual Funds (for exxxxxx, via training courses for representatives or shareholder seminars). (b) You will assist us in distributing to your representatives periodic statements which we will have prepared showing the aggregate average net asset value of shares in Putnam Funds with which thex xxx credited on our records.

PAYMENTS AND COMMUNICATIONS TO REPRESENTATIVES. (a) Where consistent with applicable laws, rules, regulations and regulatory interpretations, you will pass through to your representatives a significant share of the service fees paid to you pursuant to this Agreement, or you will otherwise use the payments of service fees to advance the objective of providing and improving service to shareholders of the Putnam Funds in a manner spxxxxxxally spexxxxxxlly approved by Putnam Mutual Funds (for exxxxxxexaxxxx, via training courses for representatives or shareholder seminars). (b) You will assist us in distributing to your representatives periodic statements which we will have prepared showing the aggregate average net asset value of shares in Putnam Funds with which thex they xxx credited xredited on our records.