Common use of Authorization to Receive Orders on Funds Behalf Clause in Contracts

Authorization to Receive Orders on Funds Behalf. a. Authorization as Limited Agent. Fund Company hereby designates JPMS as a limited agent of the Fund in connection with receiving Orders from Customers on the Fund’s behalf for purposes of Rule 22c-1 under the 1940 Act, so that any such Customer will receive the share price next computed by the Fund after the time at which such Customer places its Order with JPMS.