Common use of Acceptance; Cumulative Effect Clause in Contracts

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current agreement with FTDI, Bank's first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's acceptance of the terms of this Agreement. Otherwise, Bank's signature below shall constitute Bank's acceptance of these terms. FRANKLIN/XXXXXXXXX DISTRIBUTORS, INC. By: /s/ Xxxx Xxxxxxx ----------------------- Xxxx Xxxxxxx, President 000 Xxxxxxxx Xxxxxx Xxxx. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 000 Xxxxxxxx Xxxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000 813/299-8712 -------------------------------------------------------------------------------- To the Bank or Trust Company: If you have not previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: ____________________________________ (Bank's name) By: ____________________________________ (Signature) Name: _________________________________ Title: _________________________________ Franklin Xxxxxxxxx Distributors, Inc. 000 Xxxxxxxx Xxxxxx Xxxxxxxxx Xxx Xxxxx, XX 00000-0000 May 15, 1998 Re: Amendment of Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers - Notice Pursuant to Paragraph 7(h) Dear Bank or Trust Company: This letter constitutes notice of amendment of the current Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers (the "Agreement") between Franklin/Xxxxxxxxx Distributors, Inc. ("FTDI") and the bank or trust company ("the Bank") pursuant to Paragraph 7(h) of the Agreement. The Agreement is hereby amended as follows:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI us and accepted by Bankyou. If Bank has you have a current dealer agreement with FTDIus, Bank's your first trade or acceptance of payments from FTDI us after your receipt of this Agreement, as it may be amended pursuant to paragraph 7(h)Section 16, above, shall constitute Bank's your acceptance of the terms of this Agreementits terms. Otherwise, Bank's your signature below shall constitute Bank's your acceptance of these its terms. FRANKLIN/XXXXXXXXX DISTRIBUTORS, INC. By: By /s/ Xxxx Xxxxxxx ----------------------- ------------------------ Xxxx Xxxxxxx, President 000 Xxxxxxxx Xxxxxx Xxxx. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 650/312415/312-2000 000 Xxxxxxxx Xxxxxxx Xxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000 813/29900000-3628 813/823-8712 -------------------------------------------------------------------------------- To the Bank or Trust CompanyDealer: If you have not NOT previously signed an agreement a Dealer Agreement with FTDI for the sale of mutual fund shares to your customersus, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: ____________________________________ (Bank's name) ByDEALER NAME: _____By _______________________________ (Signature) Name: ____:_____________________________ Title: ___________________________ Address: ______________________________ _______________________________________ _______________________________________ Telephone: _______________________ NASD CRD # _______________________ -------------------------------------------------------------------------------- Xxxxxxxx Xxxxxxxxx Dealer # ______________________ (Internal Use Only) -------------------------------------------------------------------------------- Version 12/31/97 232567.4 Franklin Xxxxxxxxx Distributors, Inc. 000 Xxxxxxxx Xxxxxx Xxxxxxxxx Xxx Xxxxx, XX 00000-0000 May 15, 1998 Re: Amendment of Mutual Fund Purchase and Sales Dealer Agreement for Accounts of Bank and Trust Company Customers - Notice Pursuant to Paragraph 7(h) Section 16 Dear Bank or Trust CompanySecurities Dealer: This letter constitutes notice of amendment of the current Mutual Fund Purchase and Sales Dealer Agreement for Accounts of Bank and Trust Company Customers (the "Agreement") between Franklin/Xxxxxxxxx Distributors, Inc. ("FTDIwe" or "us") and the bank or trust company ("the Bank") you pursuant to Paragraph 7(h) Section 16 of the Agreement. The Agreement is hereby amended as follows:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI us and accepted by Bankyou. If Bank has you have a current dealer agreement with FTDIus, Bank's your first trade or acceptance of payments from FTDI us after your receipt of this Agreement, as it may be amended pursuant to paragraph 7(h)Section 16, above, shall constitute Bank's your acceptance of the terms of this Agreementits terms. Otherwise, Bank's your signature below shall constitute Bank's your acceptance of these its terms. FRANKLIN/XXXXXXXXX TEMPLETON DISTRIBUTORS, INC. By: /s/ Xxxx Xxxxxxx ----------------------- Xxxx XxxxxxxBy /x/ Xxxg Johnson ------------------------ Greg Johnson, President 000 Xxxxxxxx 777 Marxxxxx Xxxxxx XxxxBlvd. San MateoMatxx, CA 94404 AttentionXX 00000 Xxxxxxxxx: Chief Xhief Legal Officer (for legal notices only) 650/312415/312-2000 000 Xxxxxxxx Xxxxxxx Xx. Xxxxxxxxxx700 Central Avenue St. Petersburg, Xxxxxxx 00000 813/29900000-8712 0000 000/000-0000 -------------------------------------------------------------------------------- To the Bank or Trust CompanyDealer: If you have not NOT previously signed an agreement a Dealer Agreement with FTDI for the sale of mutual fund shares to your customersus, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: ____________________________________ (Bank's name) ByDEALER NAME: _____By _______________________________ (Signature) Name: ____:_____________________________ Title: ___________________________ Address: ______________________________ _______________________________________ _______________________________________ Telephone: _______________________ NASD CRD # _______________________ -------------------------------------------------------------------------------- Franklin Xxxxxxxxx Templeton Dealer # ______________________ (Internal Use Only) -------------------------------------------------------------------------------- Version 12/31/97 232567.4 Franklin Templeton Distributors, Inc. 000 Xxxxxxxx Xxxxxx Xxxxxxxxx 777 Mariners Island Boulevard Xxx Xxxxx, XX 00000-0000 May 15Xxx 00, 1998 Re0000 Xx: Amendment Xxxxxxxxx of Mutual Fund Purchase and Sales Dealer Agreement for Accounts of Bank and Trust Company Customers - Notice Pursuant to Paragraph 7(h) Section 16 Dear Bank or Trust CompanySecurities Dealer: This letter constitutes notice of amendment of the current Mutual Fund Purchase and Sales Dealer Agreement for Accounts of Bank and Trust Company Customers (the "Agreement") between Franklin/Xxxxxxxxx Templeton Distributors, Inc. ("FTDIxx" xx "xs") and the bank or trust company ("the Bank") you pursuant to Paragraph 7(h) Section 16 of the Agreement. The Agreement is hereby amended as follows:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI us and accepted by Bankyou. If Bank has you have a current dealer agreement with FTDIus, Bank's your first trade or acceptance of payments from FTDI us after your receipt of this Agreement, as it may be amended pursuant to paragraph 7(h)Section 16, above, shall constitute Bank's your acceptance of the terms of this Agreementits terms. Otherwise, Bank's your signature below shall constitute Bank's your acceptance of these its terms. FRANKLIN/XXXXXXXXX TXXXXXXXX DISTRIBUTORS, INC. By: By /s/ Xxxx Gxxx Xxxxxxx ----------------------- Xxxx ------------------------ Gxxx Xxxxxxx, President 000 700 Xxxxxxxx Xxxxxx Xxxx. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 650/312415/312-2000 000 Xxxxxxxx 700 Xxxxxxx Xxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000 813/29900000-3628 813/823-8712 -------------------------------------------------------------------------------- To the Bank or Trust CompanyDealer: If you have not NOT previously signed an agreement a Dealer Agreement with FTDI for the sale of mutual fund shares to your customersus, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: ____________________________________ (Bank's name) ByDEALER NAME: _____By _______________________________ (Signature) Name: ____:_____________________________ Title: ___________________________ Address: ______________________________ _______________________________________ _______________________________________ Telephone: _______________________ NASD CRD # _______________________ -------------------------------------------------------------------------------- Fxxxxxxx Txxxxxxxx Dealer # ______________________ (Internal Use Only) -------------------------------------------------------------------------------- Version 12/31/97 232567.4 Franklin Xxxxxxxxx Txxxxxxxx Distributors, Inc. 000 700 Xxxxxxxx Xxxxxx Xxxxxxxxx Xxx Xxxxx, XX 00000-0000 May 15, 1998 Re: Amendment of Mutual Fund Purchase and Sales Dealer Agreement for Accounts of Bank and Trust Company Customers - Notice Pursuant to Paragraph 7(h) Section 16 Dear Bank or Trust CompanySecurities Dealer: This letter constitutes notice of amendment of the current Mutual Fund Purchase and Sales Dealer Agreement for Accounts of Bank and Trust Company Customers (the "Agreement") between Franklin/Xxxxxxxxx Txxxxxxxx Distributors, Inc. ("FTDIwe" or "us") and the bank or trust company ("the Bank") you pursuant to Paragraph 7(h) Section 16 of the Agreement. The Agreement is hereby amended as follows:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI us and accepted by Bankyou. If Bank has you have a current dealer agreement with FTDIus, Bank's your first trade or acceptance of payments from FTDI us after your receipt of this Agreement, as it may be amended pursuant to paragraph 7(h)Section 16, above, shall constitute Bank's your acceptance of the terms of this Agreementits terms. Otherwise, Bank's your signature below shall constitute Bank's your acceptance of these its terms. FRANKLIN/XXXXXXXXX DISTRIBUTORS, INC. By: By /s/ Xxxx Xxxxxxx ----------------------- ------------------------ Xxxx Xxxxxxx, President 000 Xxxxxxxx Xxxxxx Xxxx. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 650/312415/312-2000 000 Xxxxxxxx Xxxxxxx Xxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000 813/29900000-3628 813/823-8712 -------------------------------------------------------------------------------- To the Bank or Trust CompanyDealer: If you have not NOT previously signed an agreement a Dealer Agreement with FTDI for the sale of mutual fund shares to your customersus, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY---------------------------------- DEALER NAME: ____________________________________ (Bank's name) By: _____By _______________________________ (Signature) Name: ____:_____________________________ Title: ___________________________ Address: ______________________________ ======================================= Telephone: _______________________ NASD CRD # _______________________ -------------------------------------------------------------------------------- Xxxxxxxx Xxxxxxxxx Dealer # ______________________ (Internal Use Only) -------------------------------------------------------------------------------- Version 12/31/97 232567.4 Franklin Xxxxxxxxx Distributors, Inc. 000 Xxxxxxxx Xxxxxx Xxxxxxxxx Xxx Xxxxx, XX 00000-0000 May 15, 1998 Re: Amendment of Mutual Fund Purchase and Sales Dealer Agreement for Accounts of Bank and Trust Company Customers - Notice Pursuant to Paragraph 7(h) Section 16 Dear Bank or Trust CompanySecurities Dealer: This letter constitutes notice of amendment of the current Mutual Fund Purchase and Sales Dealer Agreement for Accounts of Bank and Trust Company Customers (the "Agreement") between Franklin/Xxxxxxxxx Distributors, Inc. ("FTDIwe" or "us") and the bank or trust company ("the Bank") you pursuant to Paragraph 7(h) Section 16 of the Agreement. The Agreement is hereby amended as follows: