Common use of Services and Duties Clause in Contracts

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the Prospectuses. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of Trust, By-Laws, Prospectuses and resolutions and other instructions of the Company's Board of Trustees and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's Funds. e. The Company shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. The Company reserves the right to reject any order for shares but will not do so arbitrarily, or without reasonable cause.

Services and Duties. The Distributor enters into covenants the following ------------------- covenants with respect to its the Distributor's services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the ProspectusesProspectus. The Distributor will shall act in accordance with the Participation Agreements when selling shares of the Dedicated Portfolios, and the Distributor shall act only in its the Distributor's own behalf as principal in making agreements with selected dealers, if any, with respect to Portfolios that are not Dedicated Portfolios (hereafter referred to as the "Retail Portfolios"). No brokerdealer broker-dealer or other person which that enters into a selling selling, servicing, or servicing participation agreement with the Distributor shall be authorized to act as agent for the Company Fund or its Funds the Fund's Portfolios in connection with the offering or sale of shares to the public or otherwise, except as provided in that selling, servicing, or participation agreement. The Distributor shall use its the Distributor's best efforts to sell shares of each Portfolio, or class or series of each of thereof, but the Funds but Distributor shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization as required by federal, state, or and other applicable laws and regulations, all sales literature (advertisements, brochures brochures, and shareholder communications) for each of the Funds Portfolios and any class or series of shares thereof. c. In performing all of its the Distributor's services and duties as Distributordistributor, the Distributor will shall act in conformity with the Declaration of Trust, By-LawsBylaws, Prospectuses Prospectuses, and resolutions and other instructions of the CompanyFund's Board of Trustees and will shall comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 19341934 Act, the 1940 Act and all other applicable federal or state lawlaw and the rules and regulations of the NASD. d. The Distributor will shall bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons investors who are not shareholders, and (ii) preparing, printing printing, and distributing any literature, advertisement or material which that is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company Fund in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the CompanyFund's FundsPortfolios. e. The Company Fund shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, as may be determined by the Fund's Board, and to suspend the redemption of shares of any Fund Portfolio, or class thereof, at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. The Company Fund reserves the right to reject any order for shares but will shall not do so arbitrarily, arbitrarily or without reasonable cause.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the ProspectusesProspectus. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company a Fund or its Funds any series thereof in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization organizations as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of Trust, By-Laws, Prospectuses Prospectus and resolutions and other instructions of the Companya Fund's Board of Trustees Directors and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company a Fund in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's Fundsa Fund. e. The Company Each Fund shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of its shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. The Company Each Fund reserves the right to reject any order for shares but will not do so arbitrarily, or without reasonable cause.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. (a) The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the ProspectusesProspectus. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds Fund in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds but shall not be obligated to sell any certain number of shares. b. (b) The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization as organizations required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series thereofFund. c. (c) In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of Trust, By-Laws, Prospectuses Prospectus and resolutions and other instructions of the CompanyFund's Board of Trustees Directors and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state law. d. (d) The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company Fund in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's FundsFund. e. (e) The Company Fund shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of its shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. (f) The Company Fund reserves the right to reject any order for shares but will not do so arbitrarily, or without reasonable cause.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the Prospectuses. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of Trust, By-Laws, Prospectuses and resolutions and other instructions of the Company's Board of Trustees and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be -------- ------- obligated to bear -------- ------- the expenses incurred by the Company in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's Funds. e. The Company shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. The Company reserves the right to reject any order for shares but will not do so arbitrarily, or without reasonable cause.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the ProspectusesProspectus. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds Fund in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization organizations as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series thereofFund. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of Trust, By-Laws, Prospectuses Prospectus and resolutions and other instructions of the CompanyFund's Board of Trustees Directors and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company Fund in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's FundsFund. e. The Company Fund shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of its shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. The Company Fund reserves the right to reject any order for shares but will not do so arbitrarily, or without reasonable cause.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the Prospectuses. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization organizations as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of TrustCharter, By-Laws, Prospectuses and resolutions and other instructions of the Company's ’s Board of Trustees and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, as amended, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's ’s Funds. e. The Company shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("“Rules"”). f. The Company reserves the right to reject any order for shares but will not do so arbitrarily, or without reasonable cause. g. If the Prospectus or Plan (as defined in Section 4) of any Fund contemplates the payment of advance concessions to broker-dealers, retirement plan administrators or others by the Distributor with respect to any class or series of any Fund, unless expressly agreed otherwise in writing between the parties, all such payments shall be made by the Distributor; provided, however, that the Distributor’s obligation to pay the advance concessions at any particular point in time is contingent upon there existing at such time, with respect to such advances, a financing arrangement between the Distributor and BlackRock Financing, LLC, or other alternative financier, which is reasonably satisfactory to the Distributor and does not require the Distributor to incur debt.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the Prospectuses. The Distributor will act only in on its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement Distribution Services Agreement (under the Distribution and Services Plan) with the Distributor shall be authorized to act as agent for the Company or its Funds Portfolios in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds Portfolios but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or reviewreview (with the review and advice of counsel to the Company), provide advice with respect to, and file with the federal and state agencies or other organization as required by federal, state, or and other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds Portfolios and any class or series of shares thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of TrustCharter, By-Laws, Prospectuses and resolutions and other instructions of the Company's Board of Trustees Directors and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus Prospectuses (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; providedPROVIDED, howeverHOWEVER, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus Prospectuses necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's FundsPortfolios. e. The Company shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of shares of any Fund Portfolio at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. The Company reserves the right to reject any order for shares but will not do so arbitrarily, arbitrarily or without reasonable cause.

Services and Duties. The Distributor enters into the following covenants ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the Prospectuses. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization organizations as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of TrustCharter, By-LawsCode, Prospectuses and resolutions and other instructions of the Company's Board of Trustees and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- bear the expenses incurred by the Company in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's Funds. e. The Company shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. The Company reserves the right to reject any order for shares but will not do so arbitrarily, or without reasonable cause.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the Prospectuses. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series subclass of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization as required by federal, state, or other applicable laws and regulationsregulations , all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series subclass thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of Trust2 3 Charter, By-Laws, Prospectuses and resolutions and other instructions of the Company's Board of Trustees Directors and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material materials which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's FundsFund. e. The Company shall have the right to suspend the sale of shares at any time in response to conditions condition in the securities markets or otherwise, and to suspend the redemption of shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. The Company reserves the right to reject any order for shares but will not do so arbitrarily, arbitrarily or without reasonable cause.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the Prospectuses. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of Trust, By-Laws, Prospectuses and resolutions and other instructions of the Company's Board of Trustees and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be -------- ------- obligated to bear -------- ------- the expenses incurred by the Company in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's Funds. e. The Company shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. The Company reserves the right to reject any order for shares but will not do so arbitrarily, or without reasonable cause.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the Prospectuses. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class series or series subseries of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class series or series subseries thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of TrustCharter, By-LawsCode, Prospectuses and resolutions and other instructions of the Company's Board of Trustees and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's Funds. e. The Company shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. The Company reserves the right to reject any order for shares but will not do so arbitrarily, arbitrarily or without reasonable cause.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the Prospectuses. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization organizations as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of TrustCharter, By-LawsBylaws, Prospectuses and resolutions and other instructions of the Company's ’s Board of Trustees and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, as amended, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's ’s Funds. e. The Company shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("“Rules"”). f. The Company reserves the right to reject any order for shares but will not do so arbitrarily, or without reasonable cause. g. If the Prospectus or Plan (as defined in Section 4) of any Fund contemplates the payment of advance concessions to broker-dealers, retirement plan administrators or others by the Distributor with respect to C Class Shares, unless expressly agreed otherwise in writing between the parties, all such payments shall be made by the Distributor; provided, however, that Distributor’s obligation to pay the advance concessions at any particular point in time is contingent upon there existing at such time, with respect to such advances, a financing arrangement between Distributor and BlackRock Financing, LLC, or other alternative financier, which is reasonably satisfactory to the Distributor and does not require the Distributor to incur debt.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the Prospectuses. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series subclass of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series subclass thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of TrustCharter, By-Laws, Prospectuses and resolutions and other instructions of the Company's Board of Trustees and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state law.Exchange d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's Funds. e. The Company shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("Rules"). f. The Company reserves the right to reject any order for shares but will not do so arbitrarily, arbitrarily or without reasonable cause.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the Prospectuses. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company or its Funds in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization organizations as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of TrustCharter, By-LawsBylaws, Prospectuses and resolutions and other instructions of the Company's ’s Board of Trustees and will comply with the requirements of the Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act of 1934, as amended, the 1940 Act and all other applicable federal or state law. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company in connection with the preparation and printing of any amendment to any Registration Statement or Prospectus necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's ’s Funds. e. The Company shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("“Rules"”). f. The Company reserves the right to reject any order for shares but will not do so arbitrarily, or without reasonable cause. g. If the Prospectus or Plan (as defined in Section 4) of any Fund contemplates the payment of advance concessions to broker-dealers, retirement plan administrators or others by the Distributor with respect to Investor C Shares, unless expressly agreed otherwise in writing between the parties, all such payments shall be made by the Distributor; provided, however, that Distributor’s obligation to pay the advance concessions at any particular point in time is contingent upon there existing at such time, with respect to such advances, a financing arrangement between Distributor and BlackRock Financing, LLC, or other alternative financier, which is reasonably satisfactory to the Distributor and does not require the Distributor to incur debt.

Services and Duties. The Distributor enters into the following ------------------- covenants with respect to its services and duties: a. The Distributor agrees to sell, as agent, from time to time during the term of this Agreement, shares upon the terms and at the current offering price as described in the currently effective prospectuses and statement of additional information (the “Prospectuses” and “Statement of Additional Information”) of the Trust. The Distributor will act only in its own behalf as principal in making agreements with selected dealers. No brokerdealer broker-dealer or other person which enters into a selling or servicing agreement with the Distributor shall be authorized to act as agent for the Company Trust or its Funds in connection with the offering or sale of shares to the public or otherwise. The Distributor shall use its best efforts to sell shares of each class or series of each of the Funds but shall not be obligated to sell any certain number of shares. b. The Distributor shall prepare or review, provide advice with respect to, and file with the federal and state agencies or other organization as required by federal, state, or other applicable laws and regulations, all sales literature (advertisements, brochures and shareholder communications) for each of the Funds and any class or series thereof. c. In performing all of its services and duties as Distributor, the Distributor will act in conformity with the Declaration of Trust, By-Laws, Laws and Prospectuses of the Trust and resolutions and other instructions of the Company's Trust’s Board of Trustees and will comply with the requirements of the Securities Act of 1933, as amended (the "“1933 Act"”), the Securities Exchange Act of 1934, the 1940 Act and all other applicable federal or state lawlaws. d. The Distributor will bear the cost of (i) printing and distributing any Prospectus (including any supplement thereto) to persons who are not shareholders, and (ii) preparing, printing and distributing any literature, advertisement or material which is primarily intended to result in the sale of shares; provided, however, that the Distributor shall not be obligated to bear -------- ------- the expenses incurred by the Company Trust in connection with the preparation and printing of any amendment to any Registration Statement registration statement or Prospectus Prospectuses of the Trust necessary for the continued effective registration of the shares under the 1933 Act and state securities laws and the distribution of any such document to existing shareholders of the Company's Trust’s Funds. e. The Company Trust shall have the right to suspend the sale of shares at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of shares of any Fund at any time permitted by the 1940 Act or the rules and regulations of the Commission ("“Rules"”). f. The Company Trust reserves the right to reject any order for shares but will not do so arbitrarily, or without reasonable cause.