Common use of Registration and Qualification Clause in Contracts

Registration and Qualification. In connection with the organization of the Fund and the offering of its Shares the Fund shall assume all expenses of preparation, registration and qualification of Shares of the Fund under Federal and State laws and the filing of registration statements and copies of corporate documents, agreements and any other related documents; specifically the Fund shall pay all legal, county, registration and filing fees incident to such registrations and filings. During such organizational and initial offering, the Fund will also pay for the preparation and printing of Registration Statements, Prospectuses and Statements of Additional Information when such documents are distributed to persons who are not already shareholders of the Fund.