Common use of FEE PAYMENTS Clause in Contracts

FEE PAYMENTS. The Funds have instituted a program whereby they may, in their discretion, pay an Intermediary or a Plan a fee to compensate the third party for certain expenses incurred as a result of providing certain services to underlying Shareholders of the Funds in accordance with the Funds’ Administrative Fee Payment Program or 12b-1 Plan (“Fee Payments”). Each Fund authorizes Price Services or its affiliate to enter into, on its behalf, agreements with such Intermediaries or Plans for payment of Fee Payments in consideration of such Plan or Intermediary’s performance of services pursuant to the Fund’s Administrative Fee Payment Program or 12b-1 Plan and Price Services or its agent shall act as paying agent for such Fee Payments. Any payments owed under these agreements shall be the obligation of the applicable Fund, not Price Services or its affiliates.

FEE PAYMENTS. The Funds have instituted a program whereby they may, in their discretion, pay an Intermediary or a Plan a fee to compensate the third party for certain expenses incurred as a result of providing certain services to underlying Shareholders of the Funds in accordance with the Funds’ Administrative Fee Payment Program or 12b-1 Plan (“Fee Payments”). Each Fund authorizes Price Services or its affiliate to enter into, on its behalf, agreements with such Intermediaries or Plans for payment of Fee Payments in consideration of such Plan or Intermediary’s performance of services pursuant to the Fund’s Administrative Fee Payment Program or 12b-1 Plan and Price Services or its agent shall act as paying agent for such Fee Payments. Any payments owed under these agreements shall be the obligation of the applicable Fund, not Price Services or its affiliates.