Distribution and/or Service Fee Clause Samples

Distribution and/or Service Fee. So long as we are the distributor of the Trust and this Agreement remains in effect, we agree to pay to you each quarter a distribution and/or service fee at annual rates and for the shares classes set forth in the applicable Prospectus, applied to the average daily net assets of the applicable share class of each Fund in such quarter with respect to the shares of each applicable class of each Fund which are held in accounts by you for your customers. The fee will be accrued daily as of each business day and paid quarterly in arrears by the 15th day after the close of each calendar quarter; provided, however, that such fee will be paid only upon receipt by us of such distribution and/or service fee from the Trust with respect to the applicable class of shares of the applicable Fund. Each quarter’s fee shall be determined independently of every other quarter’s fee. For the quarter in which this Agreement becomes effective or terminates, there shall be an appropriate proration on the basis of the number of days that the Agreement is in effect during the quarter. Such fee will be paid by us to you only out of such Fund’s applicable distribution and/or service fee payments made pursuant to the distribution and service plans adopted with respect to Classes B, C, and R of each Fund, as applicable, pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”) and made pursuant to the non 12b-1 service plan adopted with respect to the Class A shares of each Fund (together the “Plans”), in consideration of distribution and/or client services furnished by you hereunder with respect to each such Fund and its shareholders, except to the extent we agree to pay any portion of the distribution and/or service fee out of our own assets, and will only be paid with respect to any quarter to the extent such payments comply with the limitations on sales charges applicable to the sale of shares of open-end investment companies under Rule 2830(d) of the Conduct Rules of FINRA. Any such payments made pursuant to this Section 15 shall be subject to the following terms and conditions: (a) Any such payment shall be in such amounts as we may from time to time advise you in writing but in any event not in excess of the amounts permitted under the applicable Plans, except to the extent we agree to pay any portion of the distribution and/or service fee out of our own assets. Any such payments shall be in addition to any dealer discount or sales commission ...