Multiple Capacities. Distributor shall give the Trust equitable treatment under the circumstances in supplying services in any capacity, but the Trust recognizes that it is not entitled to receive preferential treatment from Distributor as compared with the treatment given to any other investment company or customer. Whenever Distributor shall act in multiple capacities on behalf of the Trust, Distributor shall maintain the appropriate separate account and records for each such capacity.
Appears in 3 contracts
Sources: Distribution Agreement (First Trust Variable Insurance Trust), Distribution Agreement (First Trust Variable Insurance Trust), Distribution Agreement (First Trust Variable Insurance Trust)