Common use of Timing of Attributions and Distributions Clause in Contracts

Timing of Attributions and Distributions. (a) The attributions of all Non-Omnibus Shares of each class of Shares of each Fund shall be made on a daily basis. The attribution of all Omnibus Shares of each class of Shares of each Fund shall be made monthly, for each calendar month no later than five (5) days following the last day of such month. (b) The parties to the Agreement acknowledge expressly that the procedures for determining the Distributor's Allocable Portion of Free Shares of any Fund implicitly assume that Free Shares issued in respect of dividends or other distributions made for any calendar month will be issued not earlier than the first business day of the following calendar month. Said parties agree that such procedures shall be modified in the event Free Shares attributable to reinvestment of such dividends or distributions are issued in the same calendar month for which such dividends are earned or distributions made.

Timing of Attributions and Distributions. (a) The attributions of all Non-Omnibus Shares of each class of Shares of each Fund Portfolio shall be made on a daily basis. The attribution of all Omnibus Shares of each class of Shares of each Fund Portfolio shall be made monthly, for each calendar month no later than five (5) days following the last day of such month. (b) The parties to the Agreement acknowledge expressly acknowledge, expressly, that the procedures for determining the Distributor's Sierra Services' Allocable Portion of Free Shares of any Fund Portfolio implicitly assume that Free Shares issued in respect of dividends or other distributions made for any calendar month will be issued not earlier than the first business day of the following calendar month. Said parties agree that such procedures shall be modified in the event Free Shares attributable to reinvestment of such dividends or distributions are issued in the same calendar month for which such dividends are earned or distributions made.