Common use of Purchase Fees Clause in Contracts

Purchase Fees. Broker-Dealer represents and warrants that each account in a Fund maintained by Broker-Dealer as of the Effective Date of this Agreement, and any new account in a Fund established by Broker-Dealer after the Effective Date of this Agreement, will be maintained through the NSCC’s Networking system, Matrix ▇▇▇▇▇ ▇, as a non-omnibus account representing an Investor of Broker-Dealer, so as to permit the Fund Company, where applicable, to track, assess and retain, for the benefit of the relevant Funds, purchase fees, in accordance with the terms of the Funds’ prospectuses and the Funds’ purchase fee policies and procedures in effect from time to time.