Common use of Multi-Class Distribution Arrangements Clause in Contracts

Multi-Class Distribution Arrangements. Financial Intermediary and BD understand and acknowledges that the Funds may offer Shares in multiple classes, and represent and warrant that it has established compliance procedures designed to ensure (i) that its customers are made aware of the terms of each available class of Shares, (ii) that each customer is offered only Shares that are suitable investments for him or her, (iii) that each customer is given the opportunity to obtain sales charge break points or other sales charge reductions and discounts as detailed in the Prospectus and SAI, as applicable, and (iv) proper supervision of its representatives in recommending and offering the Shares of multiple classes to its customers.