Common use of Other Interests Clause in Contracts

Other Interests. It is understood that directors, officers, agents and stockholders of the Fund are or may be interested in the Distributor as directors, officers, stockholders, or otherwise; that directors, officers, agents, and stockholders of the Distributor are or may be interested in the Fund as directors, officers, stockholders or otherwise; that the Distributor may be interested in the Fund as a stockholder or otherwise; and that the existence of any dual interest shall not affect the validity hereof or of any transaction hereunder except as otherwise provided in the Certification of Incorporation of the Fund and the Distributor, respectively, or by specific provision of applicable law.

Appears in 30 contracts

Sources: Distribution Agreement (Princor Emerging Growth Fund Inc), Distribution Agreement (Princor Balanced Fund Inc /Ia/), Distribution Agreement (Princor High Yield Fund Inc)

Other Interests. It is understood that directors, officers, agents and stockholders of the Fund are or may be interested in the Distributor as directors, officers, stockholders, or otherwise; that directors, officers, agents, and stockholders of the Distributor are or may be interested in the Fund as directors, officers, stockholders or otherwise; that the Distributor may be interested in the Fund as a stockholder or otherwise; and that the existence of any dual interest shall not affect the validity hereof or of any transaction hereunder except as otherwise provided in the Certification Articles of Incorporation of the Fund and the Distributor, respectively, or by specific provision of applicable law.

Appears in 17 contracts

Sources: Distribution Agreement (Principal Funds Inc), Distribution Agreement (Principal Funds Inc), Distribution Agreement (Principal Funds Inc)

Other Interests. It is understood that directors, officers, agents and stockholders of the Fund are or may be interested in the Distributor as directors, officers, stockholders, or otherwise; that directors, officers, agents, and stockholders of the Distributor are or may be interested in the Fund as directors, officers, stockholders or otherwise; that the Distributor may be interested in the Fund as a stockholder or otherwise; and that the existence of any dual interest shall not affect the validity hereof or of any transaction hereunder except as otherwise provided in the Certification Certificate of Incorporation of the Fund and the Distributor, respectively, or by specific provision of applicable law.

Appears in 8 contracts

Sources: Distribution Agreement (Principal Variable Contracts Fund Inc), Distribution Agreement (Principal Variable Contracts Funds Inc), Distribution Agreement (Principal Variable Contracts Funds Inc)