Common use of Interests in and of Distributor Clause in Contracts

Interests in and of Distributor. It is understood that any of the shareholders, trustees, officers, employees and agents of the Series may be a shareholder, director, officer, employee or agent of, or be otherwise interested in, the Distributor, any affiliated person of the Distributor, any organization in which the Distributor may have an interest or any organization which may have an interest in the Distributor; that the Distributor, any such affiliated person or any such organization may have an interest in the Series; and that the existence of any such dual interest shall not affect the validity hereof or of any transaction hereunder except as otherwise provided in the Distribution Agreement, articles of incorporation and by-laws of the Series, in the limited partnership agreement of the Distributor or by specific provision of applicable law.

Interests in and of Distributor. It is understood that any of the shareholders, trustees, officers, employees and agents of the Series may be a shareholder, director, officer, employee or agent of, or be otherwise interested in, the Distributor, any affiliated person of the Distributor, any organization in which the Distributor may have an interest or any organization which may have an interest in the Distributor; that the Distributor, any such affiliated person or any such organization may have an interest in the Series; and that the existence of any such dual interest shall not affect the validity hereof or of any transaction hereunder except as otherwise provided in the Distribution Agreementagreement, articles of incorporation and by-laws of the Series, in the limited partnership agreement of the Distributor or by specific provision of applicable law.