Common use of Registration of Additional Shares Clause in Contracts

Registration of Additional Shares. XXX hereby agrees to register an indefinite number of Shares pursuant to Rule 24f-2 under the 1940 Act. XXX will, in cooperation with the Distributor, take such action as may be necessary from time to time to qualify the Shares of each Portfolio (so registered or otherwise qualified for sale under the 1933 Act), in any state or jurisdiction mutually agreeable to the Distributor and XXX, and to maintain such qualification; provided, however, that nothing herein shall be deemed to prevent XXX from registering the Shares without approval of the Distributor in any state it deems appropriate.