State Qualification Requirements Clause Samples

State Qualification Requirements. Except as identified on Exhibit C, the Shares of any Fund are qualified for, and not subject to any contractual or other restriction related to their offer and sale in each of the 50 states of the United States, Puerto Rico and the District of Columbia. Fund Company shall list any such restriction on the offer and sale of the Shares of a Fund on Exhibit C, which Fund Company may, following written notice to Ameritrade, amend from to time to time. In reliance on representations of Fund Company under this Section and Exhibit C, Ameritrade may place purchase orders for Shares of a Fund on behalf of an Ameritrade client in each of the 50 states of the United States, Puerto Rico and the District of Columbia, to the extent indicated on Exhibit C. Ameritrade shall have no obligation to inquire as to the basis of Fund Company’s representations under this Section or Exhibit C.