Common use of Financial Institution Acts as Agent for its Customers Clause in Contracts

Financial Institution Acts as Agent for its Customers. The parties agree that in each transaction in the Shares of any Fund and with regard to any services rendered pursuant to this Agreement: (a) Financial Institution is acting as agent for the customer; (b) The customer is for all purposes the customer of Financial Institution (c) Each transaction is initiated solely upon the order of the customer; (d) As between Financial Institution and its customer, the customer will have full beneficial ownership of all Shares of the Funds; (e) Each transaction shall be for the account of the customer and not for Financial Institution's account; and (f) Each transaction shall be without recourse to Financial Institution provided that Financial Institution acts in accordance with the terms of this Agreement. Financial Institution will offer and sell the Shares of the Funds only in accordance with the terms and conditions of the applicable current Prospectus and Statement of Additional Information ("SAI") and will make no representations not included in said Prospectus or SAI or in any authorized supplemental material supplied by OGDS. Financial Institution shall not have any authority in any transaction to act as agent for OGDS or One Group.

Appears in 5 contracts

Samples: Mutual Fund Sales and Service Agreement (One Group Mutual Funds), Mutual Fund Sales and Service Agreement (One Group Mutual Funds), Mutual Fund Sales and Service Agreement (One Group Mutual Funds)

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Financial Institution Acts as Agent for its Customers. The parties agree that in each transaction in the Shares of any Fund and with regard to any services rendered pursuant to this Agreement: (a) Financial Institution is acting as agent for the customer; (b) The customer is for all purposes the customer of Financial Institution (c) Each transaction is initiated solely upon the order of the customer; (d) As between Financial Institution and its customer, the customer will have full beneficial ownership of all Shares of the Funds; (e) Each transaction shall be for the account of the customer and not for Financial Institution's ’s account; and (f) Each transaction shall be without recourse to Financial Institution provided that Financial Institution acts in accordance with the terms of this Agreement. Financial Institution will offer and sell the Shares of the Funds only in accordance with the terms and conditions of the applicable current Prospectus and Statement of Additional Information ("SAI") and will make no representations not included in said Prospectus or SAI or in any authorized supplemental material supplied by OGDS. Financial Institution shall not have any authority in any transaction to act as agent for OGDS or One Group.

Appears in 1 contract

Samples: Mutual Fund Sales and Service Agreement (One Group Mutual Funds)

Financial Institution Acts as Agent for its Customers. The parties agree that in each transaction in the Shares of any Fund and with regard to any services rendered pursuant to this Agreement: (a) Financial Institution is acting as agent for the customer; (b) The customer is for all purposes the customer of Financial Institution; (c) Each transaction is initiated solely upon the order of the customer; (d) As between Financial Institution and its customer, the customer will have full beneficial ownership of all Shares of the Funds; (e) Each transaction shall be for the account of the customer and not for Financial Institution's account; and (f) Each transaction shall be without recourse to Financial Institution provided that Financial Institution acts in accordance with the terms of this Agreement. Financial Institution will offer and sell the Shares of the Funds only in accordance with the terms and conditions of the applicable current Prospectus and Statement of Additional Information ("SAI") and will make no representations not included in said Prospectus or SAI or in any authorized supplemental material supplied by OGDS. Financial Institution shall not have any authority in any transaction to act as agent for OGDS or One Group.

Appears in 1 contract

Samples: Mutual Fund Sales and Service Agreement (One Group Mutual Funds)

Financial Institution Acts as Agent for its Customers. The parties agree that in each transaction in the Shares of any Fund and with regard to any services rendered pursuant to this Agreement: (a) Financial Institution is acting as agent for the customer; (b) The customer is for all purposes the customer of Financial Institution; (c) Each transaction is initiated solely upon the order of the customer; (d) As between Financial Institution and its customer, the customer will have full beneficial ownership of all Shares of the FundsShares; (e) Each transaction shall be for the account of the customer and not for Financial Institution's account; and (f) Each transaction shall be without recourse to Financial Institution provided that Financial Institution acts in accordance with the terms of this Agreement. Financial Institution will offer and sell the Shares of the Funds only in accordance with the terms and conditions of the applicable current Prospectus and Statement of Additional Information ("SAI") and will make no representations not included in said Prospectus or SAI or in any authorized supplemental material supplied by OGDS. Financial Institution shall not have any authority in any transaction to act as agent for OGDS or One Groupthe Fund.

Appears in 1 contract

Samples: Mutual Fund Sales and Service Agreement (Security Capital Real Estate Mutual Funds Inc)

Financial Institution Acts as Agent for its Customers. The parties agree that in each transaction in the Shares of any Fund and with regard to any services rendered pursuant to this Agreement: (a) Financial Institution is acting as agent for the customer; (b) The customer is for all purposes the customer of Financial Institution (c) Each transaction is initiated solely upon the order of the customer; (d) As between Financial Institution and its customer, the customer will have full beneficial ownership of all Shares of the Funds; (e) Each transaction shall be for the account of the customer and not for Financial Institution's account; and (f) Each transaction shall be without recourse to Financial Institution provided that Financial Institution acts in accordance with the terms of this Agreement. Financial Institution will offer and sell the Shares of the Funds only in accordance with the terms and conditions of the applicable current Prospectus and Statement of Additional Information ("SAI") and will make no representations not included in said Prospectus or SAI or in any authorized supplemental material supplied by OGDSThe Trust. Financial Institution shall not have any authority in any transaction to act as agent for OGDS or One Groupthe Trust.

Appears in 1 contract

Samples: Mutual Fund Sales and Service Agreement (Mundoval Funds)

Financial Institution Acts as Agent for its Customers. The parties agree that in each transaction in the Shares of any Fund and with regard to any services rendered pursuant to this Agreement: (a) Financial Institution is acting as agent for the customer; (b) The customer is for all purposes the customer of Financial Institution (c) Each transaction is initiated solely upon the order of the customer; (d) As between Financial Institution and its customer, the customer will have full beneficial ownership of all Shares of the Funds; (e) Each transaction shall be for the account of the customer and not for Financial Institution's account; and (f) Each transaction shall be without recourse to Financial Institution provided that Financial Institution acts in accordance with the terms of this Agreement. Financial Institution will offer and sell the Shares of the Funds only in accordance with the terms and conditions of the applicable current Prospectus and Statement of Additional Information ("SAI") and will make no representations not included in said Prospectus or SAI or in any authorized supplemental material supplied by OGDSThe Trust. Financial Institution shall not have any authority in any transaction to act as agent for OGDS or One Groupforthe Trust.

Appears in 1 contract

Samples: Mutual Fund Sales and Service Agreement (Presidio Funds)

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Financial Institution Acts as Agent for its Customers. The parties agree that in each transaction in the Shares of any Fund and with regard to any services rendered pursuant to this Agreement: (a) Financial Institution is acting as agent for the customer; (b) The customer is for all purposes the customer of Financial Institution; (c) Each transaction is initiated solely upon the order of the customer; (d) As between Financial Institution and its customer, the customer will have full beneficial ownership of all Shares of the Funds; (e) Each transaction shall be for the account of the customer and not for Financial Institution's account; and (f) Each transaction shall be without recourse to Financial Institution provided that Financial Institution acts in accordance with the terms of this Agreement. Financial Institution will offer and sell the Shares of the Funds only in accordance with the terms and conditions of the applicable current Prospectus and Statement of Additional Information ("SAI") and will only make no representations not included in said Prospectus or SAI or in any authorized supplemental material supplied by OGDS. Financial Institution shall not have any authority in any transaction to act as agent for OGDS or One Group. Except as particularly stated in this Agreement, neither OGDS, OGA nor One Group shall have the authority to act on behalf of Financial Institution or to incur any cost or liability on behalf of Financial Institution.

Appears in 1 contract

Samples: Mutual Fund Sales and Service Agreement (One Group Mutual Funds)

Financial Institution Acts as Agent for its Customers. The parties agree that in each transaction in the Shares of any Fund and with regard to any services rendered pursuant to this Agreement: (ai) Financial Institution is acting as agent for the customer; (bii) The customer is for all purposes the customer of Financial Institution (ciii) Each transaction is initiated solely upon the order of the customer; (div) As between Financial Institution and its customer, the customer will have full beneficial ownership of all Shares of the Funds; (ev) Each transaction shall be for the account of the customer and not for Financial Institution's account; and (fvi) Each transaction shall be without recourse to Financial Institution provided that Financial Institution acts in accordance with the terms of this Agreement. Financial Institution will offer and sell the Shares of the Funds only in accordance with the terms and conditions of the applicable current Prospectus and Statement of Additional Information ("SAI") and will make no representations not included in said Prospectus or SAI or in any authorized supplemental material supplied by OGDSSummit. Financial Institution shall not have any authority in any transaction to act as agent for OGDS Summit or One Groupthe Company.

Appears in 1 contract

Samples: Mutual Fund Sales and Service Agreement (Stock Car Stocks Mutual Fund Inc)

Financial Institution Acts as Agent for its Customers. The parties agree that in each transaction in the Shares of any Fund and with regard to any services rendered pursuant to this Agreement: (a) Financial Institution is acting as agent for the customer; (b) The customer is for all purposes the customer of Financial Institution (c) Each transaction is initiated solely upon the order of the customer; (d) As between Financial Institution and its customer, the customer will have full beneficial ownership of all Shares of the Funds; (e) Each transaction shall be for the account of the customer and not for Financial Institution's account; and (f) Each transaction shall be without recourse to Financial Institution provided that Financial Institution acts in accordance with the terms of this Agreement. Financial Institution will offer and sell the Shares of the Funds only in accordance with the terms and conditions of the applicable current Prospectus and Statement of Additional Information ("SAI") and will make no representations not included in said Prospectus or SAI or in any authorized supplemental material supplied by OGDS. Financial Institution shall not have any authority in any transaction to act as agent for OGDS or One Group. B. Sales of Fund Shares.

Appears in 1 contract

Samples: Mutual Fund Sales and Service Agreement (One Group Mutual Funds)

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