Common use of Distribution Fees Clause in Contracts

Distribution Fees. In addition to the Service Fee, the Fund will pay to the Underwriter a fee (the "Distribution Fee") at an annual rate of 0.75% (unless reduced as contemplated by and permitted pursuant to the next sentence hereof) of the Fund's average daily net assets attributable to the Class C shares in consideration of the services rendered in connection with the sale of such shares by the Underwriter. The Fund will not terminate the Distribution Fee in respect of Fund assets attributable to Class C shares, or pay such fee at an annual rate of less than 0.75% of the Fund's average daily net assets attributable to the Class C shares, unless it has ceased, and not resumed, paying the Service Fee to the Underwriter. The Distribution Fee shall be accrued daily and paid monthly or at such other intervals as the Directors shall determine. The obligation of the Fund to pay the Distribution Fee shall terminate upon the termination of this Plan or the relevant distribution agreement between the Distributor and the Fund in accordance with the terms hereof or thereof, but until any such termination shall not be subject to any dispute, offset, counterclaim or defense whatsoever (it being understood that nothing in this sentence shall be deemed a waiver by the Fund of its right separately to pursue any claims it may have against the Distributor and enforce such claims against any assets of the Distributor (other than its right to be paid the Distribution Fee and to be paid contingent deferred sales charges)). The Underwriter may pay all or any portion of the Distribution Fee to securities dealers or other organizations (including, but not limited to, any affiliate of the Underwriter as commissions, asset-based sales charges or other compensation with respect to the sale of Class C shares of the Fund may retain all or any portion of the Distribution Fee as compensation for the Underwriter's services as principal underwriter of the Class C shares of the Fund. All payments under this Section 1(b) are intended to qualify as "asset-based sales charges" as defined in the NASD Rule.

Distribution Fees. In addition to the Service Fee, the Fund will pay to the Underwriter a fee (the "Distribution Fee") at an annual rate of 0.750.35% (unless reduced as contemplated by and permitted pursuant to the next sentence hereof) of the Fund's average daily net assets attributable to the Class C shares in consideration of the services rendered in connection with the sale of such shares by the Underwriter. The Fund will not terminate the Distribution Fee in respect of Fund assets attributable to Class C shares, or pay such fee at an annual rate of less than 0.75% of the Fund's average daily net assets attributable to the Class C shares, unless it has ceased, and not resumed, paying the Service Fee to the Underwriter. The Distribution Fee shall be accrued daily and paid monthly or at such other intervals as the Directors shall determine. The obligation of the Fund to pay the Distribution Fee shall terminate upon the termination of this Plan or the relevant distribution agreement between the Distributor and the Fund in accordance with the terms hereof or thereof, but until any such termination shall not be subject to any dispute, offset, counterclaim or defense whatsoever (it being understood that nothing in this sentence shall be deemed a waiver by the Fund of its right separately to pursue any claims it may have against the Distributor and enforce such claims against any assets of the Distributor (other than its right to be paid the Distribution Fee and to be paid contingent deferred sales charges)). The Underwriter may pay all or any portion of the Distribution Fee to securities dealers or other organizations (including, but not limited to, any affiliate of the Underwriter as commissions, asset-based sales charges or other compensation with respect to the sale of Class C shares of the Fund may retain all or any portion of the Distribution Fee as compensation for the Underwriter's services as principal underwriter of the Class C shares of the Fund. All payments under this Section 1(b) are intended to qualify as "asset-based sales charges" as defined in the NASD Rule.