Common use of Fee Payments Clause in Contracts

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

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