Common use of Handling of Orders Clause in Contracts

Handling of Orders. 3.1 For purposes of this Agreement, purchases of Shares whose investor applications were solicited by the Distributor and accepted by the Fund are referred to herein as the “Distributor’s Subscribers.” 3.2 All properly presented and accepted investor applications for the purchase of Shares shall be executed at the offering price per Share as described in the Registration Statement. 3.3 The procedures relating to soliciting and the handling of investor applications for Shares shall be subject to the terms of the Registration Statement. 3.4 Payments for Shares shall be made as specified in the Registration Statement and Investor Purchase Application. 3.5 The Distributor will not at any time be responsible for performing recordkeeping or accounting services with respect to the Fund, except as may be described herein. The Fund shall promptly inform the Distributor of the Fund’s net assets and net asset value per Share (and/or in certain instances estimated net asset values) as soon as reasonably practicable following their calculation. The Distributor is authorized to communicate such calculations to each of the Distributor’s Subscribers and Dealers. In the event that estimated net asset values are provided in lieu of net asset values, the Distributor shall make appropriate disclosures to the Distributor’s Subscribers and Dealers.

Handling of Orders. 3.1 For purposes of this Agreement, purchases of Shares whose investor applications were solicited by the Distributor and accepted by the Fund are referred to herein as the “Distributor’s Subscribers.” 3.2 All properly presented and accepted investor applications for the purchase of Shares shall be executed at the offering price per Share as described in the Registration Statement. 3.3 The procedures relating to soliciting and the handling of investor applications for Shares shall be subject to the terms of the Registration Statement. 3.4 Payments for Shares shall be made as specified in the Registration Statement and Investor Purchase Application. 3.5 The Distributor will not at any time be responsible for performing recordkeeping or accounting services with respect to the Fund, except as may be described herein. The Fund shall promptly inform the Distributor of the Fund’s net assets and net asset value per Share (and/or in certain instances estimated net asset values) as soon as reasonably practicable following their calculation. The Distributor is authorized to communicate such calculations to each of the Distributor’s Subscribers and DealersBrokers. In the event that estimated net asset values are provided in lieu of net asset values, the Distributor shall make appropriate disclosures to the Distributor’s Subscribers and DealersBrokers.