Common use of Rules of NASD, etc Clause in Contracts

Rules of NASD, etc. (a) Underwriter will conform to the Rules of Fair Practice of the NASD and the securities laws of any jurisdiction in which it sells any Shares. (b) Underwriter, at its own expense, will qualify as a dealer or broker, or otherwise, under all applicable State or federal laws required in order that Shares may be sold in such States as may be mutually agreed upon by the parties. (c) Underwriter shall not make, or permit any representative to make, in connection with any sale of Shares, any representations concerning the Shares except those contained in the then current prospectus and statement of additional information covering the Shares and in printed information approved by the Trust as information supplemental to such prospectus and statement of additional information.