Common use of Private Clause in Contracts

Private. As a broker dealer, you are hereby authorized (i) to place orders directly with the applicable Fund or Series for shares subject to the applicable terms and conditions governing the placement of orders by us set forth in the Prospectus and (ii) to tender shares directly to each Fund or its agent for redemption subject to the applicable terms and conditions governing the redemption of shares applicable to us set forth in the Prospectus. tc " As a dealer, you are hereby authorized (i) to place orders directly with the Fund for shares to be resold by us to you subject to the applicable terms and conditions governing the placement of orders by us set forth in the Prospectus and the Distribution Contract and (ii) to tender shares directly to the Fund or its agent for redemption subject to the applicable terms and conditions governing the redemption of shares applicable to us set forth in the Prospectus and the Distribution Agreement."