Common use of Sale and Payment Clause in Contracts

Sale and Payment. Pursuant to the Articles of Incorporation dated March 27, 1990, each Portfolio may be divided into separate classes of Shares in which case the Shares of one or more classes may be subject to a sales load and may be subject to the imposition of a distribution fee pursuant to the Distribution Plans referred to above. To the extent that all Shares of a Portfolio are sold at an offering price which includes a sales load or that Shares of one or more classes of a Portfolio are sold at such an offering price, such Shares shall hereinafter be referred to collectively as "Load Shares" and individually as a "Load Share." A Portfolio that contains Load Shares shall hereinafter be referred to collectively as "Load Portfolios" and individually as a "Load Portfolio." Under this Agreement, the following provisions shall apply with respect to the sale of, and payment for, Load Shares of the Load Portfolios identified on Schedule F hereto.

Sale and Payment. Pursuant to the Articles Declaration of Incorporation Trust dated March 27October 11, 19901996, each Portfolio may be divided into separate classes of Shares in which case the Shares of one or more classes may be subject to a sales load and may be subject to the imposition of a distribution fee pursuant to the Distribution Plans referred to above. To the extent that all Shares of a Portfolio are sold at an offering price which includes a sales load or that Shares of one or more classes of a Portfolio are sold at such an offering price, such Shares shall hereinafter be referred to collectively as "Load Shares" and individually as a "Load Share." A Portfolio that contains Load Shares shall hereinafter be referred to collectively as "Load Portfolios" and individually as a "Load Portfolio." Under this Agreement, the following provisions shall apply with respect to the sale of, and payment for, Load Shares of the Load Portfolios identified on Schedule F hereto.