Load Shares Sample Clauses

Load Shares. All Load Shares of each Fund offered for sale by LFDI shall be offered for sale to the public at a price per share (the "Offering Price") equal to (i) their net asset value (determined in the manner set forth in the Fund's Articles of Incorporation and the then current prospectus) plus (ii) except with respect to certain classes of persons and transactions set forth in the Fund's then current prospectus, a sales charge which shall be the percentage of the Offering Price of such Load Shares as set forth in the then current prospectus. The Offering Price, if not an exact multiple of one cent, shall be adjusted to the nearest cent. [LFDI will receive all sales charges.] Concessions by LFDI to dealers and other institutions shall be set forth in either the selling agreements between LFDI and such dealers and institutions as from time to time amended or, if such concessions are described in the then current prospectus, shall be as so set forth. No dealer or other institution who enters into a selling agreement with LFDI shall be authorized to act as agent for any Fund in connection with the offering or sale of the Load Shares to the public or otherwise.