Common use of Shareholder Accounts Clause in Contracts

Shareholder Accounts. Upon receipt of any funds referred to in -------------------- paragraph 8, LFS will compute the number of shares purchased by the shareholder according to the appropriate offering price of Fund shares determined in accordance with applicable federal laws and regulations and as described in the Prospectus of the Fund, and: (a) In the case of a new shareholder, open and maintain an open account for such shareholder in the name or names set forth in the subscription application form; (b) Unless the Trustees of the Trust have resolved that all of the Trust's shares of beneficial interest, or all of the shares of a particular series or class, shall be issued in uncertificated form, and if specifically requested in writing by the shareholder, countersign, issue and mail, by first class mail, to the shareholder at his or her address, a share certificate for full shares purchased; (c) Send to the shareholder a confirmation indicating the amount of full and fractional shares purchased (in the case of fractional shares, rounded to three decimal places) and the price per share; (d) In the case of a request to establish a plan or program being offered by the Fund's Prospectus, open and maintain such plan or program for the shareholder in accordance with the terms thereof; and (e) Perform such other services and initiate and maintain such other books and records as are customarily undertaken by transfer agents in maintaining shareholder accounts for registered investment company investors; all subject to requirements set forth in the Fund's Prospectus with respect to rejection of orders. For closed accounts, LFS will maintain account records through June of the calendar year following the year in which the account is closed.

Shareholder Accounts. Upon receipt of any funds referred to in -------------------- paragraph 8, LFS CFS will compute the number of shares purchased by the shareholder according to the appropriate offering price of Fund Trust shares determined in accordance with applicable federal laws and regulations and as described in the Prospectus of the FundTrust, and: (a) In the case of a new shareholder, open and maintain an open account for such shareholder in the name or names set forth in the subscription application form; (b) Unless the Trustees of the Trust have resolved that all of the Trust's shares of beneficial interest, or all of the shares of a particular series or class, shall be issued in uncertificated form, and if specifically requested in writing by the shareholder, countersign, issue and mail, by first class mail, to the shareholder at his or her address, a share certificate for full shares purchased; (c) Send to the shareholder a confirmation indicating the amount of full and fractional shares purchased (in the case of fractional shares, rounded to three decimal places) and the price per share; (d) In the case of a request to establish a plan or program being offered by the FundTrust's Prospectus, open and maintain such plan or program for the shareholder in accordance with the terms thereof; and (e) Perform such other services and initiate and maintain such other books and records as are customarily undertaken by transfer agents in maintaining shareholder accounts for registered investment company investors; all subject to requirements set forth in the Fund's Prospectus with respect to rejection of orders. For closed accounts, LFS CFS will maintain account records through June of the calendar year following the year in which the account is closed.

Shareholder Accounts. Upon receipt of any funds referred to in -------------------- paragraph 86 hereof, LFS will compute the number of shares purchased by the shareholder according to the appropriate offering price net asset value of Fund Trust shares next determined in accordance with after such receipt less the applicable federal laws and regulations and as described in the Prospectus of the Fundsales charge, calculated pursuant to paragraph 9 hereof, and: (a) In the case of a new shareholder, open and maintain an open account for such shareholder in the name or names set forth in the subscription application form; (b) Unless the Trustees of the Trust have resolved that all of the Trust's shares of beneficial interest, or all of the shares of a particular series or class, shall be issued in uncertificated form, and if specifically requested in writing by the shareholder, countersign, issue and mail, by first class mail, to the shareholder at his or her address, address as set forth in a share certificate for full shares purchased; (c) Send to the shareholder a confirmation indicating the amount of full and fractional shares purchased (in the case of fractional shares, rounded to three decimal places) and the price per share;; and (d) In the case of a request to establish a an accumulation plan, withdrawal plan, group plan or other plan or program being offered by the FundTrust's Prospectus, open and maintain such plan or program for the shareholder in accordance with the terms thereof; and (e) Perform such other services and initiate and maintain such other books and records as are customarily undertaken by transfer agents in maintaining shareholder accounts for registered investment company investors; all subject to requirements set forth in any reasonable instructions which the Fund's Prospectus Distributor or the Trust may give to LFS with respect to rejection of orders. For closed accounts, LFS will maintain account records through June of the calendar year following the year in which the account is closedorders for shares.

Shareholder Accounts. Upon receipt of any funds referred to in -------------------- paragraph 8, LFS will compute the number of shares purchased by the shareholder according to the appropriate offering price of Fund shares determined in accordance with applicable federal laws and regulations and as described in the Prospectus of the Fund, and: (a) In the case of a new shareholder, open and maintain an open account for such shareholder in the name or names set forth in the subscription application form; (b) Unless the Trustees of the Trust have resolved that all of the Trust's shares of beneficial interest, or all of the shares of a particular series or class, shall be issued in uncertificated form, and if specifically requested in writing by the shareholder, countersign, issue and mail, by first class mail, to the shareholder at his or her address, a share certificate for full shares purchased; (c) Send to the shareholder a confirmation indicating the amount of full and fractional shares purchased (in the case of fractional shares, rounded to three decimal places) and the price per share; (d) In the case of a request to establish a plan or program being offered by the Fund's Prospectus, open and maintain such plan or program for the shareholder in accordance with the terms thereof; and (e) Perform such other services and initiate and maintain such other books and records as are customarily undertaken by transfer agents in maintaining shareholder accounts for registered investment company investors; all subject to requirements set forth in the Fund's Prospectus with respect to rejection of orders. For closed accounts, LFS will maintain account records through June of the calendar year following the year in which the account is closed.

Shareholder Accounts. Upon receipt of any funds referred to in -------------------- paragraph 8, LFS CISC will compute the number of shares purchased by the shareholder according to the appropriate offering price of Fund shares determined in accordance with applicable federal laws and regulations and as described in the Prospectus of the Fund, and: (a) In the case of a new shareholder, open and maintain an open account for such shareholder in the name or names set forth in the subscription application form; (b) Unless the Trustees of the Trust have resolved that all of the Trust's shares of beneficial interest, or all of the shares of a particular series or class, shall be issued in uncertificated form, and if specifically requested in writing by the shareholder, countersign, issue and mail, by first class mail, to the shareholder at his or her address, address a share certificate for full shares purchased; (c) Send to the shareholder a confirmation indicating the amount of full and fractional shares purchased (in the case of fractional shares, rounded to three decimal places) and the price per share; (d) In the case of a request to establish a plan or program being offered by the Fund's Prospectus, open and maintain such plan or program for the shareholder in accordance with the terms thereof; and (e) Perform such other services and initiate and maintain such other books and records as are customarily undertaken by transfer agents in maintaining shareholder accounts for registered investment company investors; all subject to any requirements set forth in the Fund's Prospectus with respect to rejection of orders. For closed accounts, LFS CISC will maintain account records through June of the calendar year following the year in which the account is closed.

Shareholder Accounts. Upon receipt of any funds referred to in -------------------- paragraph 86 hereof, LFS will compute the number of shares purchased by the shareholder according to the appropriate offering price net asset value of Fund Trust shares next determined in accordance with after such receipt less the applicable federal laws and regulations and as described in the Prospectus of the Fundsales charge, calculated pursuant to paragraph 9 hereof, and: (a) In the case of a new shareholder, open and maintain an open account for such shareholder in the name or names set forth in the subscription application form; (b) Unless the Trustees of the Trust have resolved that all of the Trust's shares of beneficial interest, or all of the shares of a particular series or class, shall be issued in uncertificated form, and if specifically requested in writing by the shareholder, countersign, issue and mail, by first class mail, to the shareholder at his or her address, address as set forth in the shareholder records of the Trust maintained by LFS a share certificate for full shares purchased; (c) Send to the shareholder a confirmation indicating the amount of full and fractional shares purchased (in the case of fractional shares, rounded to three decimal places) and the price per share;; and (d) In the case of a request to establish a an accumulation plan, withdrawal plan, group plan or other plan or program being offered by the FundTrust's Prospectus, open and maintain such plan or program for the shareholder in accordance with the terms thereof; and (e) Perform such other services and initiate and maintain such other books and records as are customarily undertaken by transfer agents in maintaining shareholder accounts for registered investment company investors; all subject to requirements set forth in any reasonable instructions which the Fund's Prospectus Distributor or the Trust may give to LFS with respect to rejection of orders. For closed accounts, LFS will maintain account records through June of the calendar year following the year in which the account is closedorders for shares.

Shareholder Accounts. Upon receipt of any funds referred to in -------------------- paragraph 86 hereof, LFS will compute the number of shares purchased by the shareholder according to the appropriate offering price net asset value of Fund shares next determined in accordance with after such receipt less the applicable federal laws and regulations and as described in the Prospectus of the Fundsales charge, calculated pursuant to paragraph 9 hereof, and: (a) In the case of a new shareholder, open and maintain an open account for such shareholder in the name or names set forth in the subscription application form; (b) Unless the Trustees Directors of the Trust a Fund have resolved that all of the TrustFund's shares of beneficial interestshares, or all of the shares of a particular series or class, shall be issued in uncertificated form, and if specifically requested in writing by the shareholder, countersign, issue and mailmail a share certificate, by first class mail, to the shareholder at his or her address, address as set forth in a share certificate for full shares purchased; (c) Send to the shareholder shareholder, whether a new or existing shareholder, a confirmation indicating the amount of full and fractional shares purchased (in the case of fractional shares, rounded to three decimal places) and the price per share;; and (d) In the case of a request to establish a an accumulation plan, withdrawal plan, group plan or other plan or program being offered by the Fund's Prospectus, open and maintain such plan or program for the shareholder in accordance with the terms thereof; and (e) Perform such other services and initiate and maintain such other books and records as are customarily undertaken by transfer agents in maintaining shareholder accounts for registered investment company investors; all subject to requirements set forth in any reasonable instructions which the Fund's Prospectus Distributor or the Fund may give to LFS with respect to rejection of orders. For closed accounts, LFS will maintain account records through June of the calendar year following the year in which the account is closedorders for shares.