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

Sale of Shares by the Trust. The rights granted to the Distributor shall be non-exclusive in that the Trust reserves the right to sell its Shares to investors on applications received and accepted by the Trust. Further, the Trust reserves the right to issue Shares in connection with (a) the merger or consolidation, or acquisition by the Trust through purchase or otherwise, with any other investment company, trust or personal holding company; (b) the payment or reinvestment of dividends or distributions; or (c) any offer of exchange permitted by Section 11 of the 1940 Act.

Sale of Shares by the Trust. The rights granted to the Distributor shall be non-exclusive in that the Trust reserves the right to sell its Shares to investors on applications received and accepted by the Trust. Further, the Trust reserves the right to issue Shares in connection with (a) the merger or consolidation, or acquisition by the Trust through purchase or otherwise, with any other investment company, trust or personal holding company; and (b) a pro rata distribution directly to the payment holders of Shares in the nature of a stock dividend or reinvestment of dividends or distributions; or (c) any offer of exchange permitted by Section 11 of the 1940 Actsplit-up.

Sale of Shares by the Trust. The rights granted to the Distributor shall be non-exclusive nonexclusive in that the Trust reserves the right to sell its Shares to investors on applications received and accepted by the Trust. Further, the Trust reserves the right to issue Shares in connection with (a) the merger merger, consolidation or consolidation, or acquisition other combination by the Trust Trust, through purchase or otherwise, with any other investment company, trust or personal holding company; (b) the payment or reinvestment of dividends or distributions; or (c) any offer of exchange permitted by Section 11 of the 1940 Actentity.

Sale of Shares by the Trust. The rights granted to the Distributor shall be non-exclusive nonexclusive in that the Trust reserves the right to sell its Shares to investors on applications received and accepted by the Trust. Further, the Trust reserves the right to issue Shares in connection with (a) the merger merger, consolidation or consolidation, or acquisition other combination by the Trust through purchase or otherwise, with any other investment company, trust or personal holding company; (b) the payment or reinvestment of dividends or distributions; or (c) any offer of exchange permitted by Section 11 of the 1940 Actentity.

Sale of Shares by the Trust. The rights granted to the Distributor shall be non-exclusive in that the Trust reserves the right to sell its Shares to investors on applications received and accepted by the Trust. Further, the Trust reserves the right to issue Shares in connection with (a) the merger or consolidationconsolidation of the assets of, or acquisition by the Trust through purchase or otherwise, with any other investment company, trust or personal holding company; (b) the payment or reinvestment of dividends or distributions; or (c) any offer of exchange permitted by Section 11 of the 1940 Act.

Sale of Shares by the Trust. The rights granted to the Distributor shall be non-exclusive nonexclusive in that the Trust reserves the right to sell its Shares shares to investors on applications received and accepted by the Trust. Further, the Trust reserves the right to issue Shares shares in connection with (a) the merger or consolidation, or acquisition by the Trust through purchase or otherwise, with any other investment company, trust trust, or personal holding company; (b) the payment or reinvestment of dividends or distributions; or (c) any offer of exchange permitted by Section 11 of the 1940 Act.

Sale of Shares by the Trust. The rights granted to the Distributor shall be non-exclusive nonexclusive in that the Trust reserves the right to sell its Shares of the Funds to investors on applications received and accepted by the TrustTrust or by its transfer agent. Further, the Trust reserves the right to issue Shares in connection with (a) the merger or consolidation, or acquisition by the Trust through purchase or otherwise, with any other investment company, trust trust, or personal holding company; (b) the payment or reinvestment of dividends or distributions; or (c) any offer of exchange permitted by Section 11 of the 1940 Act.

Sale of Shares by the Trust. The rights granted to the Distributor shall be non-exclusive in that the Trust reserves the right to sell its Shares to investors on applications received and accepted by the Trust. Further, the Trust reserves the right to issue Shares in connection with (a) the merger or consolidationconsolidation of the assets of, or acquisition by the Trust through purchase or otherwise, with any other investment company, trust or personal holding company; and (b) a pro rata distribution directly to the payment holders of Shares in the nature of a stock dividend or reinvestment of dividends or distributions; or (c) any offer of exchange permitted by Section 11 of the 1940 Actsplit-up.

Sale of Shares by the Trust. The rights granted to the Distributor National Distributors shall be non-exclusive in that the Trust reserves the right to sell its Shares to investors on applications received and accepted by the Trust. Further, the Trust reserves the right to issue Shares in connection with (a) the merger or consolidationconsolidation of the assets of, or acquisition by the Trust through purchase or otherwise, with any other investment company, trust or personal holding company; (b) the payment or reinvestment of dividends or distributions; or (c) any offer of exchange permitted by Section 11 of the 1940 Act. 4.