Common use of Transactions in Fund Shares Clause in Contracts

Transactions in Fund Shares. With respect to all orders you place for the purchase of Fund Shares, unless otherwise agreed, settlement shall be made with the Company within three (3) business days after acceptance of the order. If payment is not so received or made, the transaction may be cancelled. In this event or in the event that you cancel the trade for any reason, you agree to be responsible for any loss resulting to the Funds or to us from your failure to make payments as aforesaid. You shall not be entitled to any gains generated thereby. You also assume responsibility for any loss to a Fund caused by any order placed by you on an “as-of” basis subsequent to the trade date for the order, and will immediately pay such loss to the Fund upon notification or demand. Such orders shall be acceptable only as permitted by the Company and shall be subject to the Company’s policies pertaining thereto, which may include receipt of an executed Letter of Indemnity in a form acceptable to the Fund and /or to us prior to the Company’s acceptance of any such order. You may instruct the Fund’s transfer agent to register purchased shares in your name and account as nominee for your customers on an omnibus basis. If you hold Shares as nominee for your customers, all Prospectuses, supplements, proxy statements, periodic reports, confirmations and all other communications to shareholders will be sent to you. You shall be responsible for forwarding such printed material, confirmations, communications, or the information contained therein, to all customers for whose account you hold any Shares as nominee. You will be responsible for complying with all reporting and tax withholding requirements with respect to the customers for whose account you hold any Shares as nominee.

Transactions in Fund Shares. We shall not accept from you any conditional orders for the Shares. With respect to all orders you place for the purchase of Fund Shares, unless otherwise agreed, settlement shall be made with the Company within three (3) business days after acceptance of the order. If payment is not so received or made, the transaction may be cancelled. In this event or in the event that you cancel the trade for any reason, you agree to be responsible for any loss resulting to the Funds or to us from your failure to make payments as aforesaid. You shall not be entitled to any gains generated thereby. You also assume responsibility for any loss to a Fund caused by any order placed by you on an “"as-of” " basis subsequent to the trade date for the order, and will immediately pay such loss to the Fund upon notification or demand. Such orders shall be acceptable only as permitted by the Company and shall be subject to the Company’s 's policies pertaining thereto, which may include receipt of an executed Letter of Indemnity in a form acceptable to the Fund and /or to us prior to the Company’s 's acceptance of any such order. You may instruct Any order by you for the purchase of Shares of the Funds through us shall be executed pursuant to the terms and conditions specified in the Prospectus of each Fund for which an order is made unless rejected by us or that Fund’s transfer agent . In addition to register purchased shares in your name and account as nominee for your customers on an omnibus basisthe right to reject any order, each Fund has reserved the right to withhold Shares from sale temporarily or permanently. If you hold Shares as nominee for your customers, all Prospectuses, supplements, proxy statements, periodic reports, confirmations and all other communications to shareholders will be sent to youAccuracy of Orders; Customer Signatures. You shall be responsible for forwarding the accuracy, timeliness and completeness of any orders transmitted by you on behalf of your customers by any means, including wire or telephone. In addition, you agree to guarantee the signatures of your customers when such printed materialguarantee is required by the Company and you agree to indemnify and hold harmless all persons, confirmationsincluding us and the Funds' transfer agent, communicationsfrom and against any and all loss, cost, damage or the information contained therein, to all customers for whose account you hold any Shares as nominee. You will be responsible for complying with all reporting and tax withholding requirements with respect to the customers for whose account you hold any Shares as nomineeexpense suffered or incurred in reliance upon such signature guarantee.