Common use of SERVICE AS DISTRIBUTOR Clause in Contracts

SERVICE AS DISTRIBUTOR. 1.1 The Distributor will act as the Company's disclosed agent for the distribution of the Shares covered by the Registration Statement then in effect under the Securities Act of 1933, as amended (the "1933 Act"). The Distributor will have no liability for payment for the purchase of Shares sold pursuant to this Agreement or with respect to redemptions or repurchases of Shares. 1.2 The Distributor agrees to use efforts deemed appropriate by the Distributor to solicit orders for the sale of the Shares and will undertake such advertising and promotion as it believes reasonable in connection with such solicitation. The Distributor shall, at its own expense, finance appropriate activities which it deems reasonable which are primarily intended to result in the sale of Shares, including, but not limited to, advertising, compensation of underwriters, dealers and sales personnel, the printing and mailing of Prospectuses to other than current shareholders, and the printing and mailing of sales literature; provided, however, that each Fund shall bear the expenses incurred and other payments made in accordance with the provisions of this Agreement and any plan now in effect or hereafter adopted with respect to any one or more series of Shares of such Fund pursuant to Rule 12b-1 under the 1940 Act (collectively, the "Plans").

SERVICE AS DISTRIBUTOR. 1.1 The Distributor will act as the Company's disclosed agent for the distribution of the Shares covered by the Registration Statement then in effect under the Securities Act of 1933, as amended (the "1933 Act"). The Distributor will have no liability for payment for the purchase of Shares sold pursuant to this Agreement or with respect to redemptions or repurchases of Shares. 1.2 The Distributor agrees to use efforts deemed appropriate by the Distributor to solicit orders for the sale of the Shares and will undertake such advertising and promotion as it believes reasonable in connection with such 2 solicitation. The Distributor shall, at its own expense, finance appropriate activities which it deems reasonable which are primarily intended to result in the sale of Shares, including, but not limited to, advertising, compensation of underwriters, dealers and sales personnel, the printing and mailing of Prospectuses to other than current shareholders, and the printing and mailing of sales literature; provided, however, that each Fund shall bear the expenses incurred and other payments made in accordance with the provisions of this Agreement and any plan now in effect or hereafter adopted with respect to any one or more series of Shares of such Fund pursuant to Rule 12b-1 under the 1940 Act (collectively, the "Plans").