Common use of Payment for Orders Clause in Contracts

Payment for Orders. Broker-Dealer agrees that payment for orders from Broker-Dealer or Broker-Dealer's customers for the purchase of fund shares will be made in accordance with the terms of the Prospectus of the Fund. On or before the settlement date of each purchase order for shares of the Fund, Broker-Dealer shall remit to an account designated by ALPS with the Transfer Agent an amount equal to the then current net asset value of the shares of the Fund being purchased with respect to such purchase order as determined by ALPS in accordance with the terms of the applicable Fund Prospectus. If payment for any purchase order (either from Broker-Dealer or directly from Broker-Dealer's customers) is not received in accordance with the terms of the Prospectus, ALPS reserves the right, without notice, to cancel the sale and to hold Broker-Dealer or Broker-Dealer's customers responsible for any loss sustained as a result thereof.