ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION. The parties to the Distribution Agreement recognize that, if the terms of any distributor’s contract, any distribution plan, any prospectus, the FINRA Conduct Rules or any other applicable law change so as to disproportionately reduce, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s Allocable Portion or any Successor Distributor’s Allocable Portion had no such change occurred, the definitions of the Distributor’s Allocable Portion and/or the Successor Distributor’s Allocable Portion in respect of the Class 529-C shares relating to a Fund shall be adjusted by agreement among the relevant parties; provided, however, if the Distributor, the Successor Distributor and the Fund cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s contract, distribution plan, prospectus or the FINRA Conduct Rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them.
Appears in 68 contracts
Sources: Principal Underwriting Agreement (American Funds Core Plus Bond Fund), Principal Underwriting Agreement (American Funds U.S. Small & Mid Cap Equity Fund), Principal Underwriting Agreement (American Funds Emerging Markets Bond Fund)
ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION. The parties to the Distribution Agreement recognize that, if the terms of any distributor’s contract, any distribution plan, any prospectus, the FINRA Conduct Rules or any other applicable law change so as to disproportionately reduce, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s Allocable Portion or any Successor Distributor’s Allocable Portion had no such change occurred, the definitions of the Distributor’s Allocable Portion and/or the Successor Distributor’s Allocable Portion in respect of the Class 529-C shares relating to a Fund shall be adjusted by agreement among the relevant parties; provided, however, if the Distributor, the Successor Distributor and the Fund cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s contract, distribution plan, prospectus or the FINRA Conduct Rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them.
Appears in 11 contracts
Sources: Principal Underwriting Agreement (American Funds Target Date Retirement Series), Principal Underwriting Agreement (American Funds Retirement Income Portfolio Series), Principal Underwriting Agreement (American Funds Tax Exempt Series Ii / Ca)
ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION. The parties to the Distribution Agreement recognize that, if the terms of any distributor’s 's contract, any distribution plan, any prospectus, the FINRA NASD Conduct Rules or any other applicable law change so as to disproportionately reduce, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s 's Allocable Portion or any Successor Distributor’s 's Allocable Portion had no such change occurred, the definitions of the Distributor’s 's Allocable Portion and/or the Successor Distributor’s 's Allocable Portion in respect of the Class 529-C shares relating to a Fund shall be adjusted by agreement among the relevant parties; provided, however, if the Distributor, the Successor Distributor and the Fund cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s 's contract, distribution plan, prospectus or the FINRA NASD Conduct Rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them.
Appears in 5 contracts
Sources: Principal Underwriting Agreement (American Funds Tax Exempt Series Ii /Ca), Principal Underwriting Agreement (Tax Exempt Bond Fund of America Inc), Principal Underwriting Agreement (American Funds Tax Exempt Series I)
ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION. The parties to the Distribution Agreement recognize that, if the terms of any distributor’s 's contract, any distribution plan, any prospectus, the FINRA Conduct Rules or any other applicable law change so as to disproportionately reduce, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s 's Allocable Portion or any Successor Distributor’s 's Allocable Portion had no such change occurred, the definitions of the Distributor’s 's Allocable Portion and/or the Successor Distributor’s 's Allocable Portion in respect of the Class 529-C B shares relating to a Fund shall be adjusted by agreement among the relevant parties; provided, however, if the Distributor, the Successor Distributor and the Fund cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s 's contract, distribution plan, prospectus or the FINRA Conduct Rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them.
Appears in 4 contracts
Sources: Plan of Distribution (American High-Income Municipal Bond Fund, Inc), Plan of Distribution (American High Income Trust), Plan of Distribution (Limited Term Tax Exempt Bond Fund of America)
ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION. The parties to the Distribution Agreement recognize that, if the terms of any distributor’s 's contract, any distribution plan, any prospectus, the FINRA Conduct Rules or any other applicable law change so as to disproportionately reduce, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s 's Allocable Portion or any Successor Distributor’s 's Allocable Portion had no such change occurred, the definitions of the Distributor’s 's Allocable Portion and/or the Successor Distributor’s 's Allocable Portion in respect of the Class 529-C shares relating to a Fund shall be adjusted by agreement among the relevant parties; provided, however, if the Distributor, the Successor Distributor and the Fund cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s 's contract, distribution plan, prospectus or the FINRA Conduct Rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them.
Appears in 2 contracts
Sources: Plan of Distribution (American High Income Trust), Plan of Distribution (Cash Management Trust of America)
ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION. The parties to the Distribution Agreement recognize that, if the terms of any distributor’s contract, any distribution plan, any prospectus, the FINRA NASD Conduct Rules or any other applicable law change so as to disproportionately reduce, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s Allocable Portion or any Successor Distributor’s Allocable Portion had no such change occurred, the definitions of the Distributor’s Allocable Portion and/or the Successor Distributor’s Allocable Portion in respect of the Class 529-C shares relating to a Fund shall be adjusted by agreement among the relevant parties; provided, however, if the Distributor, the Successor Distributor and the Fund cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s contract, distribution plan, prospectus or the FINRA NASD Conduct Rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them.
Appears in 2 contracts
Sources: Principal Underwriting Agreement (American Funds Emerging Markets Bond Fund), Principal Underwriting Agreement (American Funds Strategic Bond Fund)
ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION. The parties to the Distribution Agreement recognize that, if the terms of any distributor’s 's contract, any distribution plan, any prospectus, the FINRA Conduct Rules or any other applicable law change so as to disproportionately reduce, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s 's Allocable Portion or any Successor Distributor’s 's Allocable Portion had no such change occurred, the definitions of the Distributor’s 's Allocable Portion and/or the Successor Distributor’s 's Allocable Portion in respect of the Class 529-C shares relating to a Fund shall be adjusted by agreement among the relevant parties; provided, however, if the Distributor, the Successor Distributor and the Fund cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s 's contract, distribution plan, prospectus or the FINRA Conduct Rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them.
Appears in 2 contracts
Sources: Plan of Distribution (American High Income Trust), Plan of Distribution (Cash Management Trust of America)
ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION. The parties Parties to the Distribution Agreement recognize that, if the terms of any distributor’s contract, any distribution plan, any prospectus, the FINRA Conduct Rules conduct rules or any other applicable law change, which change so as to disproportionately reducereduces, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s Allocable Portion or any each Successor Distributor’s Allocable Portion had no such change occurred, the definitions of the Distributor’s Allocable Portion and/or the Successor Distributor’s Allocable Portion in respect of the Class 529-C shares Shares relating to a Fund such Portfolio shall be adjusted by agreement among the relevant partiesDistributor, its Transferees, each Successor Distributor and the Company; provided, however, if the Distributor, the its Transferees, each Successor Distributor and the Fund Company cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s contract, distribution plan, prospectus or the FINRA Conduct Rulesconduct rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them.
Appears in 1 contract
ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION. The parties Parties to the Distribution Agreement recognize that, if the terms of any distributor’s 's contract, any distribution plan, any prospectus, the FINRA Conduct Rules conduct rules or any other applicable law change, which change so as to disproportionately reducereduces, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s 's Allocable Portion or any each Successor Distributor’s 's Allocable Portion had no such change occurred, the definitions of the Distributor’s 's Allocable Portion and/or the Successor Distributor’s 's Allocable Portion in respect of the Class 529-C shares Shares relating to a Fund such Portfolio shall be adjusted by agreement among the relevant partiesDistributor, its Transferees, each Successor Distributor and the Company; provided, however, if the Distributor, the its Transferees, each Successor Distributor and the Fund Company cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s 's contract, distribution plan, prospectus or the FINRA Conduct Rulesconduct rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them.
Appears in 1 contract
ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION. The parties to the Distribution Agreement recognize that, if the terms of any distributor’s contract, any distribution plan, any prospectus, the FINRA NASD Conduct Rules or any other applicable law change so as to disproportionately reduce, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s Allocable Portion or any Successor Distributor’s Allocable Portion had no such change occurred, the definitions of the Distributor’s Allocable Portion and/or the Successor Distributor’s Allocable Portion in respect of the Class 529-C shares relating to a Fund shall be adjusted by agreement among the relevant parties; provided, however, if the Distributor, the Successor Distributor and the Fund cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s contract, distribution plan, prospectus or the FINRA NASD Conduct Rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them.
Appears in 1 contract
Sources: Principal Underwriting Agreement (Tax Exempt Bond Fund of America)
ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION. The parties to the Distribution Agreement recognize that, if the terms of any distributor’s 's contract, any distribution plan, any prospectus, the FINRA NASD Conduct Rules or any other applicable law change so as to disproportionately reduce, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s 's Allocable Portion or any Successor Distributor’s 's Allocable Portion had no such change occurred, the definitions of the Distributor’s 's Allocable Portion and/or the Successor Distributor’s 's Allocable Portion in respect of the Class 529-C shares relating to a Fund shall be adjusted by agreement among the relevant parties; provided, however, if the Distributor, the Successor Distributor and the Fund cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s 's contract, distribution plan, prospectus or the FINRA NASD Conduct Rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them.
Appears in 1 contract
Sources: Principal Underwriting Agreement (New Economy Fund)