Basis of Purchases and Sales of Shares. Putnam will use its best efforts to place shares sold by it on an investment basis. Putnam does not agree to sell any specific number of shares. Shares will be sold by Putnam only against orders therefor. Putnam 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 2 contracts
Samples: Distributor's Contract (Putnam U S Government Income Trust), Distributor's Contract (Putnam U S Government Income Trust)
Basis of Purchases and Sales of Shares. Putnam will use its best efforts to place shares sold by it on an investment basis. Putnam does not agree to sell any specific number of shares. Shares will be sold by Putnam only against orders therefor. Putnam 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 1 contract
Samples: Distributor's Contract (Putnam U S Government Income Trust)
Basis of Purchases and Sales of Shares. Putnam will use its best efforts to place shares sold by it on an investment basis. Putnam Xxxxxx does not agree to sell any specific number of shares. Shares will be sold by Putnam Xxxxxx only against orders therefor. Putnam 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 1 contract
Samples: Distributor's Contract (George Putnam Balanced Fund)