Basis of Purchases and Sales of Shares. Xxxxxx will use its best efforts to place shares sold by it on an investment basis. Xxxxxx does not agree to sell any specific number of shares. Shares will be sold by Xxxxxx only against orders therefor. Xxxxxx will not purchase shares from anyone other than the Fund except in accordance with Section 5, and will not take “long” or “short” positions in shares contrary to the Agreement and Declaration of Trust of the Fund.
Appears in 98 contracts
Samples: Distributor's Contract (Putnam Variable Trust), Distributor’s Contract (Putnam High Yield Fund), Distributor's Contract (Putnam New York Tax Exempt Income Fund)
Basis of Purchases and Sales of Shares. Xxxxxx will use its best efforts to place shares sold by it on an investment basis. Xxxxxx does not agree to sell any specific number of shares. Shares will be sold by Xxxxxx only against orders therefor. Xxxxxx will not purchase shares from anyone other than the Fund except in accordance with Section 5, and will not take “"long” " or “"short” " positions in shares contrary to the Agreement and Declaration of Trust of the Fund.
Appears in 20 contracts
Samples: Distributor's Contract (Putnam American Government Income Fund), Distributor's Contract (Putnam High Yield Advantage Fund), Distributor's Contract (Putnam Utilities Growth & Income Fund)
Basis of Purchases and Sales of Shares. Xxxxxx will use its best efforts to place shares sold by it on an investment basis. Xxxxxx does not agree to sell any specific number of shares. Shares will be sold by Xxxxxx only against orders therefor. Xxxxxx will not purchase shares from anyone other than the Trust or a Fund except in accordance with Section 5, and will not take “"long” " or “"short” " positions in shares contrary to the Agreement and Declaration of Trust of the FundTrust.
Appears in 4 contracts
Samples: Distributor's Contract (Putnam Tax Smart Funds Trust), Distributor's Contract (Putnam Variable Trust), Distributor's Contract (Putnam Asset Allocation Funds)
