Common use of STATUS OF FTC Clause in Contracts

STATUS OF FTC. The parties acknowledge and agree that the services provided by FTC are recordkeeping and related services only and are not the services of an underwriter or a principal underwriter of the Funds within the meaning of the Securities Act of 1933 as amended or the Investment Company Act of 1940 as amended. This Agreement does not grant FTC any right to purchase shares from the Funds, nor does it constitute FTC an agent of the Funds, the Distributor or the Fund Company, for purposes of selling shares of the Funds to any dealer or to the public, or for any other purposes. To the extent FTC enters any purchase or redemption order for an FTC Omnibus Account, such purchase or redemption order will be made by FTC (a) as agent of each of the Plans whose shares are the subject of such purchase or redemption order, and (b) pursuant to instructions from the account owner, participant, named fiduciary entity or any other person with investment discretion and authority for the assets that are the subject of the transaction.

STATUS OF FTC. The parties acknowledge and agree that the services provided by FTC are recordkeeping and related services only and are not the services of an underwriter or a principal underwriter of the Funds within the meaning of the Securities Act of 1933 as amended or the Investment Company Act of 1940 as amended. This Agreement does not grant FTC any right to purchase shares from the Funds, nor does it constitute FTC an agent of the Funds, Funds or of the Distributor or the Fund Company, for purposes of selling shares of the Funds to any dealer or to the public, or for any other purposes. To the extent FTC enters any purchase or redemption order for an FTC Omnibus Account, such purchase or redemption order will be made by FTC (a) as agent of each of the Plans Client Accounts whose shares are the subject of such purchase or redemption order, and (b) pursuant to instructions from the account owner, participant, named fiduciary entity or any other person with investment discretion and authority for the assets that are the subject of the transaction.

STATUS OF FTC. The parties acknowledge and agree that the services ------------- provided by FTC are recordkeeping and related services only and are not the services of an underwriter or a principal underwriter of the Funds within the meaning of the Securities Act of 1933 as amended or the Investment Company Act of 1940 as amended. This Agreement does not grant FTC any right to purchase shares from the Funds, nor does it constitute FTC an agent of the Funds, the Distributor or the Fund Company, for purposes of selling shares of the Funds to any dealer or to the public, or for any other purposes. To the extent FTC enters any purchase or redemption order for an FTC Omnibus Account, such purchase or redemption order will be made by FTC (a) as agent of each of the Plans whose shares are the subject of such purchase or redemption order, and (b) pursuant to instructions from the account owner, participant, named fiduciary entity or any other person with investment discretion and authority for the assets that are the subject of the transaction.