Common use of Redemption and Repurchase of Shares Clause in Contracts

Redemption and Repurchase of Shares. If any Shares with a sales charge are sold through you hereunder and are redeemed by such Fund or repurchased by us as agent for such Fund within seven business days after confirmation of the original purchase, it is agreed that you shall forfeit your right to the entire agency commission and any other related commission received by you on such Shares. We will notify you of any such repurchase or redemption within ten business days from the date thereof and you shall forthwith refund to us the entire agency commission and other commission, if any, received by you on such sale. We agree, in the event of any such repurchase or redemption, to refund to such Fund our share of the sales charge retained by us, if any, and upon receipt from you of the refund of the agency commission allowed to you, to pay such refund forthwith to such Fund. If you purchase Shares from any customer in connection with repurchase arrangements offered by an Investment Company, you agree to pay such customer not less than the applicable repurchase price as established by the Prospectus. If you act as agent for your customer in selling Shares to a Fund, you agree not to charge your customer more than a fair commission for handling the transaction. Any order placed by you for the repurchase of Shares of a Fund is subject to the timely receipt by the Fund's transfer agent of all required documents in good order. If such documents are not received within a reasonable time after the order is placed, the order is subject to cancellation, in which case you agree to be responsible for any loss resulting to the Fund or to us from such cancellation.

Redemption and Repurchase of Shares. If any of the Shares with a sales charge are sold through you hereunder and are redeemed by such Fund or repurchased by us as agent for such Fund within seven business days after confirmation of the original purchase, it is agreed that you shall forfeit your right to the entire agency commission dealer concession and any other related commission commission, if any, received by you on such Shares. We will notify you of any such repurchase or redemption within ten business days from the date thereof and you shall forthwith refund to us the entire agency commission concession and other commission, if any, received by you on such sale. We agree, in the event of any such repurchase or redemption, to refund to such Fund our share of the sales charge retained by us, if any, and upon receipt from you of the refund of the agency commission concession allowed to you, to pay such refund forthwith to such Fund. If you purchase Shares from any customer in connection with repurchase arrangements offered by an Investment Company, you agree to pay such customer not less than the applicable repurchase price as established by the Prospectus. If you act as agent for your customer in selling Shares to us or a Fund, you agree not to charge your customer more than a fair commission for handling the transaction. Any order placed by you for the repurchase of Shares of a Fund is subject to the timely receipt by the Fund's transfer agent of all required documents in good order. If such documents are not received within a reasonable time after the order is placed, the order is subject to cancellation, in which case you agree to be responsible for any loss resulting to the Fund or to us from such cancellation.

Redemption and Repurchase of Shares. If any Shares shares with a sales ----------------------------------- charge are sold through you hereunder and are redeemed by such Fund or repurchased by us as agent for such Fund within seven business days after confirmation of the original purchase, it is agreed that you shall forfeit your right to the entire agency commission and any other related commission received by you on such Shares. We will notify you of any such repurchase or redemption within ten business days from the date thereof and you shall forthwith refund to us the entire agency commission and other commission, if any, received by you on such sale. We agree, in the event of any such repurchase or redemption, to refund to such Fund our share of the sales charge retained by us, if any, and upon receipt from you of the refund of the agency commission allowed to you, to pay such refund forthwith to such Fund. If you purchase Shares from any customer in connection with repurchase arrangements offered by an Investment Company, you agree to pay such customer not less than the applicable repurchase price as established by the Prospectus. If you act as agent for your customer in selling Shares to a Fund, you agree not to charge your customer more than a fair commission for handling the transaction. Any order placed by you for the repurchase of Shares of a Fund is subject to the timely receipt by the Fund's transfer agent of all required documents in good order. If such documents are not received within a reasonable time after the order is placed, the order is subject to cancellation, in which case you agree to be responsible for any loss resulting to the Fund or to us from such cancellation.