Common use of Fee Payments Clause in Contracts

Fee Payments. The Fund has instituted a program whereby it may, in its discretion, pay an Intermediary or a Retirement Plan a fee to compensate the third party providing certain services in accordance with the Fund’s Administrative Fee Payment (“AFP”) Program, 12b-1 Plan, or Shareholder Servicing and Distribution Plan (collectively, “Fee Payments”), as applicable. Each Fund authorizes Price Services or its affiliate to enter into, on its behalf, agreements with such Intermediaries for payments in consideration of such Intermediary’s performance of certain services in accordance with the Fund’s AFP Program or Shareholder Servicing and Distribution Plan, as applicable. Any payments owed under Fee Payment agreements shall be the obligation of the applicable Fund, not Price Services or its affiliates. Price Services or its affiliate shall also act as paying agent for such Fee Payments.”

Fee Payments. The Fund has instituted Certain Funds may institute a program whereby it each may, in its discretion, pay an Intermediary or a Retirement Plan a fee to compensate the third party providing certain services in accordance with the Fund’s Administrative Fee Payment (“AFP”) Program, 12b-1 12b- 1 Plan, or Shareholder Servicing and Distribution Plan (collectively, “Fee Payments”), as applicable. Each Fund authorizes Price Services or its affiliate to enter into, on its behalf, agreements with such Intermediaries for payments in consideration of such Intermediary’s performance of certain services in accordance with the Fund’s AFP Program or Shareholder Servicing and Distribution Plan, as applicable. Any payments owed under Fee Payment agreements shall be the obligation of the applicable Fund, not Price Services or its affiliates. Price Services or its affiliate shall also act as paying agent for such Fee Payments.”