Common use of Pricing of Securities Clause in Contracts

Pricing of Securities. A. For each valuation date, Fund Services shall obtain prices from a pricing source recommended by Fund Services and approved by the Board of Trustees and apply those prices to the portfolio positions of the Fund. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. If the Fund desires to provide a price that varies from the price provided by the pricing source, the Fund shall promptly notify and supply Fund Services with the price of any such security on each valuation date. All pricing changes made by the Fund will be in writing and must specifically identify the securities to be changed by CUSIP, name of security, new price or rate to be applied, and, if applicable, the time period for which the new price(s) is/are effective.

Pricing of Securities. A. For each valuation date, Fund Services shall obtain prices from a pricing source recommended by Fund Services and approved by the Board of Trustees and apply those prices to the portfolio positions of the Fund. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. 37 If the Fund desires to provide a price that varies from the price provided by the pricing source, the Fund shall promptly notify and supply Fund Services with the price of any such security on each valuation date. All pricing changes made by the Fund will be in writing and must specifically identify the securities to be changed by CUSIP, name of security, new price or rate to be applied, and, if applicable, the time period for which the new price(s) is/are effective.

Pricing of Securities. A. For each valuation date, Fund Services shall obtain prices from a pricing source recommended selected by Fund Services and FMFS but approved by the Fund's Board of Trustees and apply those prices to the portfolio positions of the Fund. For those securities where market quotations are not readily available, the Fund's Board of Trustees Directors shall approve, in good faith, procedures the method for determining the fair value for such securities. If the Fund desires to provide a price that price, which varies from the price provided by the pricing source, the Fund shall promptly notify and supply Fund Services FMFS with the price valuation of any such security on each valuation date. All pricing changes made by the Fund will be in writing and must specifically identify the securities to be changed by CUSIP, name of security, new price or rate to be applied, and, if applicable, the time period for which the new price(s) is/are effective.

Pricing of Securities. A. For each valuation date, Fund Services shall obtain prices from a pricing source recommended selected by Fund Services and FMFS but approved by the Company's Board of Trustees Directors and apply those prices to the portfolio positions of the each Fund. For those securities where market quotations are not readily available, the Company's Board of Trustees Directors shall approve, in good faith, procedures the method for determining the fair value for such securities. If the Fund Company desires to provide a price that which varies from the price provided by the pricing source, the Fund Company shall promptly notify and supply Fund Services FMFS with the price valuation of any such security on each valuation date. All pricing changes made by the Fund Company will be in writing and must specifically identify the securities to be changed by CUSIP, name of security, new price or rate to be applied, and, if applicable, the time period for which the new price(s) is/are effective.

Pricing of Securities. A. For each valuation date, Fund Services shall obtain prices from a --------------------- pricing source recommended selected by Fund Services and FTC but approved by the Fund's Board of Trustees Directors and apply those prices to the portfolio positions of position in a manner consistent with the FundProspectus. For those securities where market quotations are not readily available, the Fund's Board of Trustees Directors shall approve, in good faith, procedures the method for determining the fair value for such securities. If the Fund desires to provide a price that which varies from the price provided by the pricing source, the Fund shall promptly notify and supply Fund Services FTC with the price valuation of any such security on each valuation date. All pricing changes made by the Fund will be in writing and must specifically identify the securities to be changed by CUSIP, name of security, new price or rate to be applied, and, if applicable, the time period for which the new price(s) is/prices are effective.

Pricing of Securities. A. For each valuation date, Fund Services shall obtain prices from a pricing source recommended selected by Fund Services and FTC but approved by the Fund's Board of Trustees Directors and apply those prices to the portfolio positions of position in a manner consistent with the FundProspectus. For those securities where market quotations are not readily available, the Fund's Board of Trustees Directors shall approve, in good faith, procedures the method for determining the fair value for such securities. If the Fund desires to provide a price that which varies from the price provided by the pricing source, the Fund shall promptly notify and supply Fund Services FTC with the price valuation of any such security on each valuation date. All pricing changes made by the Fund will be in writing and must specifically identify the securities to be changed by CUSIP, name of security, new price or rate to be applied, and, if applicable, the time period for which the new price(s) is/prices are effective.

Pricing of Securities. A. For each valuation date, Fund Services shall obtain prices from a pricing source recommended by Fund Services and approved by the Board of Trustees and apply those prices to the portfolio positions of the Fund. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. If the Fund Trust desires to provide a price that varies from the price provided by the pricing source, the Fund Trust shall promptly notify and supply Fund Services with the price of any such security on each valuation date. All pricing changes made by the Fund Trust will be in writing and must specifically identify the securities to be changed by CUSIP, name of security, new price or rate to be applied, and, if applicable, the time period for which the new price(s) is/are effective. Fund Services shall promptly confirm in writing to the Trust receipt of such notification from the Trust.

Pricing of Securities. A. For each valuation date, Fund Services shall obtain prices from a pricing source recommended by Fund Services and approved by the Board of Trustees and apply those prices to the portfolio positions of the a Fund. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. If the Fund Trust desires to provide a price that varies from the price provided by the pricing source, the Fund Trust shall promptly notify and supply Fund Services with the price of any such security on each valuation date. All pricing changes made by the Fund Trust will be in writing and must specifically identify the securities to be changed by CUSIP, name of security, new price or rate to be applied, and, if applicable, the time period for which the new price(s) is/are effective.

Pricing of Securities. A. For each valuation date, Fund Services shall obtain prices from a pricing source recommended by Fund Services and approved by the Board of Trustees and apply those prices to the portfolio positions of the Fund. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. 38 If the Fund desires to provide a price that varies from the price provided by the pricing source, the Fund shall promptly notify and supply Fund Services with the price of any such security on each valuation date. All pricing changes made by the Fund will be in writing and must specifically identify the securities to be changed by CUSIP, name of security, new price or rate to be applied, and, if applicable, the time period for which the new price(s) is/are effective.

Pricing of Securities. A. For each valuation date, Fund Services shall obtain prices from a pricing source recommended by Fund Services and approved by the Board of Trustees Directors and apply those prices to the portfolio positions of the Fund. For those securities where market quotations are not readily available, the Board of Trustees Directors shall approve, in good faith, procedures for determining the fair value for such securities. If the Fund desires to provide a price that varies from the price provided by the pricing source, the Fund shall promptly notify and supply Fund Services with the price of any such security on each valuation date. All pricing changes made by the Fund will be in writing and must specifically identify the securities to be changed by CUSIP, name of security, new price or rate to be applied, and, if applicable, the time period for which the new price(s) is/are effective.