Common use of Third-party servicing Clause in Contracts

Third-party servicing. Subject to approval by the applicable Fund's Board of Directors/Trustees, BFS may enter into agreements with third parties for the performance of one or more of its obligations under this Agreement (and such other services as BFS may desire) for all or any portion of the shareholders of the Fund who maintain shareholder accounts through, or who are otherwise provided services by, any such third parties. To the extent that such third parties perform services that BFS is obligated to perform under this Agreement, BFS shall be entitled to receive the fees to which it would otherwise be entitled hereunder had it performed such services directly; provided, however, that the Fund's Board of Directors/Trustees may limit amounts receivable by BFS under this Agreement for services performed on its behalf by third parties. BFS will furnish the Fund shareholder and account records and data upon which the Fund's obligations under this Agreement are calculated, and such other data pertaining to any services rendered by third parties as the Fund may reasonably require. The Fund shall be entitled to have any and all such records audited by the Fund's independent accountants at any time upon reasonable notice to BFS. III.

Third-party servicing. Subject to approval by the applicable Fund's Board of Directors/Trustees, BFS TCS may enter into agreements with third parties for the performance of one or more of its obligations under this Agreement (and such other services as BFS TCS may desire) for all or any portion of the shareholders of the Fund who maintain shareholder accounts through, or who are otherwise provided services by, any such third parties. To the extent that such third parties perform services that BFS TCS is obligated to perform under this Agreement, BFS TCS shall be entitled to receive the fees to which it would otherwise be entitled hereunder had it performed such services directly; provided, however, that the Fund's Board of Directors/Trustees may limit amounts receivable by BFS TCS under this Agreement for services performed on its behalf by third parties. BFS TCS will furnish the Fund shareholder and account records and data upon which the Fund's obligations under this Agreement are calculated, and such other data pertaining to any services rendered by third parties as the Fund may reasonably require. The Fund shall be entitled to have any and all such records audited by the Fund's independent accountants at any time upon reasonable notice to BFSTCS. III.