Common use of Allotments Clause in Contracts

Allotments. The Representative reserves the right to reject all subscriptions, in whole or in part, to make allotments and to close the subscription books at any time without notice. If an order from a Selected Dealer is rejected or if a payment is received which proves insufficient, any compensation paid to the Selected Dealer shall be returned by the Selected Dealer either in cash or by a charge against the account of the Selected Dealer, as the Representative may elect.

Allotments. The Representative reserves Representatives reserve the right to reject all subscriptions, in whole or in part, to make allotments and to close the subscription books at any time without notice. If an order from a Selected Dealer is rejected or if a payment is received which proves insufficient, any compensation paid to the Selected Dealer shall be returned by the Selected Dealer either in cash or by a charge against the account of the Selected Dealer, as the Representative Representatives may elect.