Common use of Customer Accounts Clause in Contracts

Customer Accounts. You may maintain with the Funds' shareholder servicing agent either (i) one or more omnibus accounts solely for the participants in the applicable Fee-Based Program or (ii) separate accounts for each participant in the applicable Fee-Based Program. If one or more omnibus accounts are maintained, you shall, among other things, be responsible for forwarding proxies, annual and semi-annual reports and other materials to each beneficial owner in a timely manner.

Customer Accounts. You may maintain with the Funds' shareholder servicing agent either (i) one or more omnibus accounts solely for the participants in the applicable Fee-Based Program or (ii) separate accounts for each participant in the applicable Fee-Fee- Based Program. If one or more omnibus accounts are maintained, you shall, among other things, be responsible for forwarding proxies, annual and semi-annual reports and other materials to each beneficial owner in a timely manner.