Common use of REDEMPTIONS, REPURCHASES AND EXCHANGES OF FUNDS Clause in Contracts

REDEMPTIONS, REPURCHASES AND EXCHANGES OF FUNDS. a. The Prospectus for each Fund describes the provisions whereby the Fund, under all ordinary circumstances, will redeem Shares held by shareholders on demand. Dealer agrees that it will not make any representations to shareholders relating to the redemption of their Shares other than the statements contained in the applicable Prospectus and the underlying organizational documents of the Fund to which it refers, and that Dealer will pay as redemption proceeds to shareholders the net asset value, minus any applicable redemption fee, determined after receipt of the order as discussed in the Prospectus. b. Dealer agrees not to repurchase any Shares from its customers at a price below that next quoted by a Fund for redemption or repurchase, i.e., at the net asset value of such Shares, less any applicable redemption fee, in accordance with the Fund's Prospectus. Dealer shall, however, be permitted to sell Shares for the account of the customer or record owner to a Fund at the repurchase price then currently in effect for such Shares and may charge the customer or record owner a fair service fee or commission for handling the transaction, provided Dealer discloses the fee or commission to the customer or record owner. Nevertheless, Dealer agrees that it shall not maintain a secondary market in such repurchased Shares. c. Dealer agrees that, with respect to a redemption order it has made, if instructions in proper form, including any outstanding certificates, are not received by Distributor within the time customary or required by law, the redemption may be canceled without any responsibility or liability on Distributor's part or on the part of any Fund, or Distributor, at its option, may buy the shares redeemed on behalf of the Fund, in which latter case Distributor may hold Dealer responsible for any loss, including loss of profit, suffered by Distributor resulting from Distributor's failure to settle the redemption unless such failure was caused by a Force Majeure event. d. Dealer agrees that if any Share is repurchased by any Fund or is tendered for redemption within seven (7) business days after confirmation by Distributor of the original purchase order from Dealer unless such redemption is the result of an error by the Distributor or the Fund or such shorter holding period was agreed by the Distributor or the Fund, Dealer shall forfeit its right to any compensation with respect to such Share and shall forthwith refund to Distributor the full compensation, if any, paid to Dealer on the original sale. Distributor agrees to notify Dealer of such repurchase or redemption within a reasonable time after settlement. Termination or cancellation of this Agreement shall not relieve Dealer from its obligation under this provision. e. Dealer agrees that it will comply with any restrictions and limitations on exchanges described in each Fund's Prospectus, including any restrictions or prohibitions relating to frequent purchases, redemptions and exchanges (i.e., market timing).

REDEMPTIONS, REPURCHASES AND EXCHANGES OF FUNDS. a. The Prospectus for each Fund describes the provisions whereby the Fund, under all ordinary circumstances, will redeem Shares held by shareholders on demandproper submission. Dealer Financial Intermediary agrees that it will not make any representations to shareholders relating to the redemption of their Shares other than the statements contained in the applicable Prospectus and the underlying organizational documents of the Fund to which it refers, and that Dealer Financial Intermediary will pay as redemption proceeds to shareholders the net asset value, minus any applicable redemption fee, determined after receipt of the order as discussed in the Prospectus. b. Dealer Financial Intermediary agrees not to repurchase any Shares from its customers at a price below that next quoted by a Fund for redemption or repurchase, i.e., at the net asset value of such Shares, less any applicable redemption fee, in accordance with the Fund's ’s Prospectus. Dealer Financial Intermediary shall, however, be permitted to sell Shares for the account of the customer or record owner to a Fund at the repurchase price then currently in effect for such Shares and may charge the customer or record owner a fair service fee or commission for handling the transaction, provided Dealer Financial Intermediary discloses the fee or commission to the customer or record owner. Nevertheless, Dealer Financial Intermediary agrees that it shall not maintain a secondary market in such repurchased Shares. c. Dealer Financial Intermediary agrees that, with respect to a redemption order it has made, if instructions in proper form, including any outstanding certificates, are not received by Distributor within the time customary or required by law, the redemption may be canceled without any responsibility or liability on Distributor's ’s part or on the part of any FundFund or class thereof, or Distributor, at its option, may buy the shares redeemed on behalf of the Fund, in which latter case Distributor may hold Dealer Financial Intermediary responsible for any loss, including loss of profit, suffered by Distributor resulting from Distributor's ’s failure to settle the redemption unless such failure was caused by a Force Majeure (as defined below) event. d. Dealer Financial Intermediary agrees that if any Share is repurchased by any Fund redeemed or is tendered for redemption within seven (7) business days after confirmation by Distributor of the original purchase order from Dealer Financial Intermediary unless such redemption is the result of an error by the Distributor or the Fund or such shorter holding period was agreed by the Distributor or the Fund, Dealer Financial Intermediary shall forfeit its right to any compensation with respect to such Share and shall forthwith refund to Distributor the full compensation, if any, paid to Dealer Financial Intermediary on the original sale. Distributor agrees to notify Dealer Financial Intermediary of such repurchase or redemption within a reasonable time after settlement. Termination or cancellation of this Agreement shall not relieve Dealer Financial Intermediary from its obligation under this provision. e. Dealer Financial Intermediary agrees that it will comply with any all restrictions and limitations on exchanges described in each Fund's ’s Prospectus, including any restrictions or prohibitions relating to frequent purchases, redemptions and exchanges (i.e., market timing).

REDEMPTIONS, REPURCHASES AND EXCHANGES OF FUNDS. a. The Prospectus for each Fund describes the provisions whereby the Fund, under all ordinary circumstances, will redeem Shares held by shareholders on demand. Dealer agrees that it will not make any representations to shareholders relating to the redemption of their Shares other than the statements contained in the applicable Prospectus and the underlying organizational documents of the Fund to which it refers, and that Dealer will pay as redemption proceeds to shareholders the net asset value, minus any applicable redemption fee, determined after receipt of the order as discussed in the Prospectus. b. Dealer agrees not to repurchase any Shares from its customers at a price below that next quoted by a an Fund for redemption or repurchase, i.e., at the net asset value of such Shares, less any applicable redemption fee, in accordance with the Fund's Prospectus. Dealer shall, however, be permitted to sell Shares for the account of the customer or record owner to a an Fund at the repurchase price then currently in effect for such Shares and may charge the customer or record owner a fair service fee or commission for handling the transaction, provided Dealer discloses the fee or commission to the customer or record owner. Nevertheless, Dealer agrees that it shall not maintain a secondary market in such repurchased Shares. c. Dealer agrees that, with respect to a redemption order it has made, if instructions in proper form, including any outstanding certificates, are not received by Distributor within the time customary or required by law, the redemption may be canceled without any responsibility or liability on Distributor's part or on the part of any Fund, or Distributor, at its option, may buy the shares redeemed on behalf of the Fund, in which latter case Distributor may hold Dealer responsible for any loss, including loss of profit, suffered by Distributor resulting from Distributor's failure to settle the redemption unless such failure was caused by a Force Majeure eventredemption. d. Dealer agrees that if any Share is repurchased by any Fund or is tendered for redemption within seven (7) business days after confirmation by Distributor of the original purchase order from Dealer unless such redemption is the result of an error by the Distributor or the Fund or such shorter holding period was agreed by the Distributor or the FundDealer, Dealer shall forfeit its right to any compensation with respect to such Share and shall forthwith refund to Distributor the full compensation, if any, paid to Dealer on the original sale. Distributor agrees to notify Dealer of such repurchase or redemption within a reasonable time after settlement. Termination or cancellation of this Agreement shall not relieve Dealer from its obligation under this provision. e. Dealer agrees that it will comply with any restrictions and limitations on exchanges described in each Fund's Prospectus, including any restrictions or prohibitions relating to frequent purchases, redemptions purchases and exchanges (i.e., market timing)redemptions.

REDEMPTIONS, REPURCHASES AND EXCHANGES OF FUNDS. a. The Prospectus for each Fund describes the provisions whereby the Fund, under all ordinary circumstances, will redeem Shares held by shareholders on demand. (i) Dealer agrees that it will not make any representations to shareholders relating to the redemption of their Shares other than the statements contained in the applicable Prospectus and the underlying organizational documents of the Fund to which it refers, and that Dealer will pay as redemption proceeds to shareholders the net asset value, minus any applicable redemption feefee or contingent deferred sales charge, determined after receipt of the order as discussed in the Prospectus. b. (ii) Dealer agrees not to repurchase any Shares from its customers at a price below that next quoted by a Fund for redemption or repurchase, i.e., at the net asset value of such Shares, less any applicable redemption fee, in accordance with the Fund's ’s Prospectus. Dealer shall, however, be permitted to sell Shares for the account of the customer or record owner to a Fund at the repurchase price then currently in effect for such Shares and may charge the customer or record owner a fair service fee or commission for handling the transaction, provided Dealer discloses the fee or commission to the customer or record owner. Nevertheless, Dealer agrees that it shall not maintain a secondary market in such repurchased Shares. c. (iii) Dealer agrees that, with respect to a redemption order it has made, if instructions in proper form, including any outstanding certificatescertificates if any, are not received by Distributor WFFD within the time customary or required by law, the redemption may be canceled without any responsibility or liability on Distributor's WFFD’s part or on the part of any Fund, or DistributorWFFD, at its option, may buy the shares redeemed on behalf of the Fund, in which latter case Distributor WFFD may hold Dealer responsible for any loss, including loss of profit, suffered by Distributor WFFD resulting from Distributor's WFFD’s failure to settle the redemption unless such failure was caused by a Force Majeure eventredemption. d. Dealer agrees that if any Share is repurchased by any Fund or is tendered for redemption within seven (7iv) business days after confirmation by Distributor of the original purchase order from Dealer unless such redemption is the result of an error by the Distributor or the Fund or such shorter holding period was agreed by the Distributor or the Fund, Dealer shall forfeit its right to any compensation with respect to such Share and shall forthwith refund to Distributor the full compensation, if any, paid to Dealer on the original sale. Distributor agrees to notify Dealer of such repurchase or redemption within a reasonable time after settlement. Termination or cancellation of this Agreement shall not relieve Dealer from its obligation under this provision. e. Dealer agrees that it will comply with any restrictions and limitations on exchanges described in each Fund's ’s Prospectus, including any restrictions or prohibitions relating to frequent purchases, purchases and redemptions and exchanges (i.e., market timing).