Common use of Assignment by Distributor Clause in Contracts

Assignment by Distributor. Distributor hereby assigns all of its rights and obligations under the Existing Agreements to PFPC Distributors, and PFPC Distributors hereby accepts such assignment. The Company, the Fund and the Adviser hereby consent to such assignment. After the date of this Agreement, all references to Distributor or Provident Distributors, Inc. in the Existing Agreements shall be deemed to refer to PFPC Distributors.

Assignment by Distributor. Distributor hereby assigns all of its rights and obligations under the Existing Agreements to PFPC Distributors, and PFPC Distributors hereby accepts such assignment. The Company, the Fund and the Adviser hereby consent to such assignment. After the date of this AgreementAssignment, all references to Distributor or Provident Distributors, Inc. in the Existing Agreements shall be deemed to refer to PFPC Distributors.