SMC NOT TO RECEIVE COMMISSIONS. In connection with the purchase or sale of portfolio securities for the account of the Fund, neither SMC nor any officer or director of SMC shall act as principal or receive any compensation from the Fund other than its compensation as provided for in Section 3 above. If SMC, or any "affiliated person" (as defined in the 0000 Xxx) receives any cash, credits, commissions or tender fees from any person in connection with transactions in portfolio securities of the Fund (including but not limited to the tender or delivery of any securities held in such portfolio), SMC shall immediately pay such amount to the Fund in cash or as a credit against any then earned but unpaid management fees due by the Fund to SMC.
Appears in 12 contracts
Samples: Investment Management and Services Agreement (Security Equity Fund), Investment Management and Services Agreement (Security Equity Fund), Investment Management and Services Agreement (Security Growth & Income Fund/Ks/)
