Common use of Transmission of Orders Clause in Contracts

Transmission of Orders. a. Broker-Dealer shall be permitted to accept Orders for Shares of the Funds for Investors on each business day that the New York Stock Exchange (“NYSE”) is open for business and that a Fund’s NAV is determined (“Business Day”). If Orders are accepted by Broker-Dealer prior to the close of the NYSE on that Business Day, or such earlier time during that Business Day as agreed to by the Parties (“Close of Trading”), such Orders shall be treated as having been received on that Business Day. All Orders received by Broker-Dealer after the Close of Trading on any Business Day shall be treated as if received on the next Business Day. Broker-Dealer will transmit Orders to the Fund Company pursuant to the provisions of Exhibit C-1, C-2, and/or C-3, as applicable. b. Broker-Dealer agrees that it will place Orders in good form immediately upon their receipt, except when Orders are received after the Close of Trading, at which time these Orders will be transmitted on the next Business Day, and will not withhold any Order so as to profit therefrom.