Appointment of Principal Underwriter. The Fund appoints the Principal Underwriter as a principal underwriter and exclusive distributor of shares of the Fund (the "Shares") effective as of the date upon which the continuous public offering of the Fund's Shares, as described in the Fund's then current Prospectus, shall commence. The Fund reserves the right, however, to refuse at any time or times to sell Shares hereunder for any reason at any time or times to sell Shares hereunder for any reason deemed adequate by the Board of Trustees of the Fund.
Appears in 12 contracts
Samples: Offering Agreement (Van Kampen Prime Rate Income Trust), Offering Agreement (Van Kampen American Capital Prime Rate Income Trust), Offering Agreement (Van Kampen American Capital Prime Rate Income Trust)
