Common use of Sale and Payment Clause in Contracts

Sale and Payment. Under this agreement, the following provisions shall apply with respect to the sale and payment for the Trusts’ shares: (a) The Distributor shall have the right, as principal, to purchase Trusts’ shares from the Trusts at their net asset value and to sell such shares to the public against orders therefor at the applicable public offering price, as defined in Section 4 hereof. The Distributor shall also have the right, as principal, to sell shares to dealers against orders therefor at the public offering price less a concession determined by the Distributor. The Distributor shall furnish to the Trusts, at least quarterly, reports as to the sales of Class A, Class B, Class C, or Class E shares with respect to BHF I Portfolios and of Class A, Class B, Class D, Class E, Class F, or Class G shares with respect to BHF II, made pursuant to this agreement. These reports may be combined with any similar report prepared by the Distributor or other entity. (b) Prior to the time of delivery of any shares by the Trusts to, or on the order of, the Distributor, the Distributor shall pay or cause to be paid to the Trusts or to their order an amount in Boston or New York clearing house funds equal to the applicable net asset value of such shares. The Distributor shall retain so much of any sales charge or underwriting discount as is allowed by it as a concession to dealers.

Sale and Payment. Under this agreement, the following provisions shall apply with respect to the sale and payment for the Trusts’ shares: (a) The Distributor shall have the right, as principal, to purchase Trusts’ shares from the Trusts at their net asset value and to sell such shares to the public against orders therefor at the applicable public offering price, as defined in Section 4 hereof. The Distributor shall also have the right, as principal, to sell shares to dealers against orders therefor at the public offering price less a concession determined by the Distributor. The Distributor shall furnish to the Trusts, at least quarterly, reports as to the sales of Class A, Class B, Class C, or Class E shares with respect to BHF I Portfolios and of Class A, Class B, Class D, Class E, Class F, or Class G shares with in respect to BHF IIof MSF Portfolios and of Class A, Class B, Class C, or Class E shares in respect of MIST Portfolios, made pursuant to this agreement. These reports may be combined with any similar report prepared by the Distributor or other entity. (b) Prior to the time of delivery of any shares by the Trusts to, or on the order of, the Distributor, the Distributor shall pay or cause to be paid to the Trusts or to their order an amount in Boston or New York clearing house funds equal to the applicable net asset value of such shares. The Distributor shall retain so much of any sales charge or underwriting discount as is allowed by it as a concession to dealers.