Common use of Sales Charge Clause in Contracts

Sales Charge. In computing the number of shares to credit to the account of a shareholder pursuant to Paragraph 8 hereof, the T/A will calculate the total of the applicable Underwriter and dealer of record sales charges with respect to each purchase as set forth in the Trust's current prospectus and statement of additional information and in accordance with any notification filed with respect to combined and accumulated purchases; the T/A will also determine the portio of each sales charge payable by the Underwriter to the dealer of record participating in the sale in accordance with such schedules as are from time to time delivered by the Underwriter to the T/A; provided, however, the T/A shall have no liability hereunder arising from the incorrect selection by the T/A of the gross rate of sales charges except that this exculpation shall not apply in the event the rate is specified by the Underwriter or the Trust and the T/A fails to select the rate specified.

Sales Charge. In computing the number of shares to credit to the account of a shareholder pursuant to Paragraph 8 hereof, the T/A will calculate the total of the applicable Underwriter and dealer of record sales charges with respect to each purchase as set forth in the Trust's current prospectus and statement of additional information and in accordance with any notification filed with respect to combined and accumulated purchases; the T/A will also determine the portio portion of each sales charge payable by the Underwriter to the dealer of record participating in the sale in accordance with such schedules as are from time to time delivered by the Underwriter to the T/A; provided, however, the T/A shall have no liability hereunder arising from the incorrect selection by the T/A of the gross rate of sales charges except that this exculpation shall not apply in the event the rate is specified by the Underwriter or the Trust and the T/A fails to select the rate specified.