Common use of Portfolio Expenses Clause in Contracts

Portfolio Expenses. Unless otherwise agreed to by the parties hereto in writing, the Distributor shall not be responsible for fees and expenses in connection with: (a) filing of any registration statement, printing and the distribution of any prospectus and statement of additional information under the 1933 Act and/or the 1940 Act and amendments prepared for use in connection with the offering of Shares for sale to the public, (b) preparing, setting in type, printing and mailing the prospectus, statement of additional information and any supplements thereto sent to existing shareholders, (c) preparing, setting in type, printing and mailing any report (including annual and semi-annual reports) or other communication to shareholders of a Portfolio, and (d) the Blue Sky registration and qualification of Shares for sale in the various states in which the officers of the Trust shall determine it advisable to qualify such Shares for sale (including registering the Trust or the Fund as a broker or dealer or any officer of the Trust as agent or salesman in any state).