Alex. Xxxxx shall furnish, at its expense and without cost to the Fund, the services of personnel to the extent that such services are required to carry out their obligations under this Agreement;
Alex. Xxxxx shall bear the expenses of any promotional or sales literature used by Alex. Xxxxx or furnished by Alex. Xxxxx to purchasers or dealers in connection with the public offering of the Shares, the expenses of advertising in connection with such public offering and all legal expenses in connection with the foregoing;
Alex. Xxxxx shall give the Fund the benefit of its best judgment, efforts and facilities in rendering its services as Distributor of the Shares. Alex. Xxxxx shall:
Alex. Xxxxx may enter into Sub-Distribution Agreements (the "Sub-Distribution Agreements") with any securities dealer who is registered under the Securities Exchange Act of 1934 and a member in good standing of the NASD, who may wish to act as a Participating Dealer in connection with the proposed offering. All Sub-Distribution Agreements shall be in substantially the form of the agreement attached hereto as Exhibit "A". For processing Fund shareholders' redemption orders, responding to the inquiries from Fund shareholders concerning the status of their accounts and the operations of the Fund and communicating with the Fund, its transfer agent and Alex. Xxxxx, Xxxx. Xxxxx may pay each such Participating Dealer an amount not to exceed that portion of the compensation paid to Alex. Xxxxx hereunder that is attributable to accounts of Fund shareholders who are customers of such Participating Dealer.
Alex. Xxxxx may enter into shareholder processing and servicing agreements;
Alex. Xxxxx may, and when requested by the Fund shall, suspend its efforts to effectuate sales of the Shares at any time when in the opinion of Alex. Xxxxx or of the Fund no sales should be made because of market or other economic considerations or abnormal circumstances of any kind; and
Alex. Xxxxx shall receive no compensation for the services to be rendered and the expenses assumed by it pursuant to this Agreement.
Alex. Xxxxx shall be the exclusive distributor of the Shares. It is mutually understood and agreed that Alex. Xxxxx does not undertake to sell all or any specific portion of the Shares. The Fund shall not sell any of the Shares except through Alex. Xxxxx. Notwithstanding the provisions of the foregoing sentence,
Alex. Xxxxx agrees to purchase such Shares and to pay the full consideration therefor to the Fund upon demand.
Alex. Brown shall give the Funx xxx benefit of its best judgment, efforts and facilities in rendering its services as Distributor of the Shares. Alex. Brown shall:
