Common use of Limitation of Offer; Suitability Clause in Contracts

Limitation of Offer; Suitability. (a) Participating Dealer will offer Offered Shares only to persons who meet the suitability standards set forth in the Prospectus and any suitability letter or memorandum sent to it by the Fund or the Dealer Manager and will only make offers to persons in the jurisdictions in which it is advised in writing by the Fund or the Dealer Manager that the Offered Shares are qualified for sale or that such qualification is not required (the “Qualified Jurisdictions”). Notwithstanding the qualification of the Offered Shares for sale in any respective jurisdiction (or the exemption therefrom), Participating Dealer represents, warrants and covenants that it will not offer Offered Shares and will not permit any of its registered representatives to offer Offered Shares in any jurisdiction unless both Participating Dealer and such registered representative are duly licensed to transact securities business in such jurisdiction. In offering Offered Shares, Participating Dealer will comply with the provisions of the Rules of Fair Practice set forth in the FINRA Manual, as well as all other applicable rules and regulations relating to suitability of investors.

Limitation of Offer; Suitability. (a) Participating Dealer will offer Offered the Shares only to persons who meet the suitability standards set forth in the Prospectus and any suitability letter or memorandum sent to it by the Fund Trust or the Dealer Manager and will only make offers to persons in the jurisdictions in which it is advised in writing by the Fund Trust or the Dealer Manager that the Offered Shares are qualified for sale or that such qualification is not required (the “Qualified Jurisdictions”). Notwithstanding the qualification of the Offered Shares for sale in any respective jurisdiction (or the exemption therefrom), Participating Dealer represents, warrants and covenants that it will not offer Offered the Shares and will not permit any of its registered representatives to offer Offered the Shares in any jurisdiction unless both Participating Dealer and such registered representative are duly licensed to transact securities business in such jurisdiction. In offering the Offered Shares, Participating Dealer will comply with the provisions of the FINRA Rules of Fair Practice set forth in the FINRA Manual, as well as and all other applicable rules and regulations relating to suitability of investors.

Limitation of Offer; Suitability. (a) Participating Dealer will offer Offered the Shares only to persons who meet the suitability standards set forth in the Prospectus and any suitability letter or memorandum sent to it by the Fund or the Dealer Manager and will only make offers to persons in the jurisdictions in which it is advised in writing by the Fund or the Dealer Manager that the Offered Shares are qualified for sale or that such qualification is not required (the “Qualified Jurisdictions”). Notwithstanding the qualification of the Offered Shares for sale in any respective jurisdiction (or the exemption therefrom), Participating Dealer represents, warrants and covenants that it will not offer Offered the Shares and will not permit any of its registered representatives to offer Offered the Shares in any jurisdiction unless both Participating Dealer and such registered representative are duly licensed to transact securities business in such jurisdiction. In offering the Offered Shares, Participating Dealer will comply with the provisions of the FINRA Rules of Fair Practice set forth in the FINRA Manual, as well as and all other applicable rules and regulations relating to suitability of investors.