Common use of Sale of Shares by the Fund Clause in Contracts

Sale of Shares by the Fund. The rights granted to the Distributor shall be non-exclusive in that the Fund reserves the right to sell its shares to investors on applications received and accepted by the Fund. Further, the Fund reserves the right to issue shares in connection with (a) the merger or consolidation, or acquisition by the Fund through purchase or otherwise, with any other investment company, trust or personal holding company; and (b) a PRO RATA distribution directly to the holders of shares in the nature of a stock dividend or split-up.

Sale of Shares by the Fund. The rights granted to the Distributor shall be non-exclusive in that the Fund reserves the right to sell its shares Shares to investors on applications received and accepted by the Fund. Further, the Fund reserves the right to issue shares Shares in connection with (a) the merger or consolidationconsolidation of the assets of, or acquisition by the Fund through purchase or otherwise, with any other investment company, trust or personal holding company; and (b) a PRO RATA distribution directly to the holders payment or reinvestment of shares in dividends or distributions; or (c) any offer of exchange permitted by Section 11 of the nature of a stock dividend or split-up1940 Act.

Sale of Shares by the Fund. The rights granted to the Distributor shall be non-exclusive in that the Fund reserves the right to sell its shares to investors on applications received and accepted by the Fund. Further, the Fund reserves the right to issue shares in connection with (a) the merger or consolidation, or acquisition by the Fund through purchase or otherwise, with any other investment company, trust or personal holding company; and (b) a PRO RATA pro rata distribution directly to the holders of shares in the nature of a stock dividend or split-up.

Sale of Shares by the Fund. The rights granted to the Distributor shall be non-exclusive nonexclusive in that the Fund reserves the right to sell its shares Shares to investors on applications received and accepted by the Fund. Further, the Fund reserves the right to issue shares in connection with (a) the merger or consolidation, or acquisition by the Fund through purchase or otherwise, with any other investment company, trust or personal holding company; and (b) a PRO RATA distribution directly to the holders of shares in the nature of a stock dividend or split-up.

Sale of Shares by the Fund. The rights granted to the Distributor shall be non-exclusive nonexclusive in that the Fund reserves the right to sell its shares to investors on applications received and accepted by the Fund. Further, the Fund reserves the right to issue shares Shares in connection with (a) the merger a merger, consolidation asset acquisition or consolidation, or acquisition by similar transaction involving the Fund through purchase or otherwise, with and any other investment company, trust trust, or personal holding company; and (b) a PRO RATA distribution directly to the holders of shares in the nature of a stock dividend or split-up.

Sale of Shares by the Fund. The rights granted to the Distributor shall be non-exclusive nonexclusive in that the Fund reserves the right to sell its shares Shares to investors on applications received and accepted by the Fund. Further, the Fund reserves the right to issue shares Shares in connection with (a) the merger merger, consolidation or consolidation, or acquisition other combination by the Fund Fund, through purchase or otherwise, with any other investment company, trust or personal holding company; and (b) a PRO RATA distribution directly to the holders of shares in the nature of a stock dividend or split-upentity.

Sale of Shares by the Fund. The rights granted to the Distributor shall be non-exclusive in that the Fund reserves the right to sell its shares to investors on applications received and accepted by the Fund. Further, the Fund reserves the right to issue shares in connection with (a) the merger or consolidation, or acquisition by the Fund through purchase or otherwise, with any other investment company, trust or personal holding company; and (b) a PRO RATA distribution directly to --- ---- the holders of shares in the nature of a stock dividend or split-up.

Sale of Shares by the Fund. The rights granted to the Distributor shall be non-exclusive nonexclusive in that the Fund reserves the right to sell its shares Shares to investors on pursuant to applications received and accepted by the FundFund or its transfer agent. Further, the Fund reserves the right to issue shares Shares in connection with (a) the merger or consolidation, or acquisition by the Fund through purchase or otherwise, with consolidation of any other investment company, trust or personal holding company; and (b) a PRO RATA distribution directly to the holders of shares in the nature of a stock dividend or split-up.other

Sale of Shares by the Fund. The rights granted to the Distributor shall be non-exclusive nonexclusive in that the Fund reserves the right to sell its shares to investors on applications received and accepted by the Fund. Further, the Fund reserves the right to issue shares in connection with (a) the merger or consolidation, or acquisition by the Fund through purchase or otherwise, with any other investment company, trust trust, or personal holding company; and (b) a PRO RATA distribution directly to the holders of shares in the nature of a stock dividend or split-up.