GENERAL DUTIES AS DISTRIBUTOR OF FUND SHARES Sample Clauses

GENERAL DUTIES AS DISTRIBUTOR OF FUND SHARES. It is hereby agreed that you shall act as principal distributor for each Fund set forth on Schedule I and any other Fund as the parties may agree from time to time. Each Fund may be authorized to issue multiple classes of shares pursuant to Rule l8f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). As distributor, you shall have the exclusive right to distribute, as agent for each Fund, shares of each class authorized and issued by the Fund and shall use your best efforts to solicit or otherwise cause sales of such shares. You also agree, as agent for each Fund, to accept for redemption the shares of each class authorized and issued by the Fund. Whenever the officers of the Trust deem it advisable for the protection of shareholders, they may suspend or cancel such authority with respect to one or more of the Funds. In the performance of these duties, you shall be guided by the requirements of this Agreement and the Trust's Agreement and Declaration of Trust and By-laws, all as amended from time to time, and each Fund's prospectus and statement of additional information, which are from time to time in effect under the Trust's Registration Statement filed with the U.S. Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "1933 Act"), and the 0000 Xxx. You shall also comply with all applicable federal and state laws, rules and regulations, all as amended from time to time, including, without limitation, all rules and regulations of the Commission and the National Association of Securities Dealers, Inc.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
GENERAL DUTIES AS DISTRIBUTOR OF FUND SHARES. (a) Distributor shall act as principal distributor for shares of beneficial interest ("Shares") of the funds .. Each fund may be authorized to issue multiple series. Distributor has the right to purchase, as agent, from each fund, interests of each series authorized and issued by a fund. Distributor agrees, as agent for each fund, to accept for redemption, the interests of each series authorized and issued by the fund; whenever the officers of the Company deem it advisable for the protection of interest holders, they may suspend or cancel such authority with respect to one or more of the funds. In the performance of these duties, Distributor shall be guided by the requirements of this Agreement, the applicable provisions of the Company's Limited Liability Company Agreement and applicable federal and state law, all as amended and/or supplemented from time to time, and each fund's Prospectus and Statement of Additional Information, then in effect under the Company's current Registration Statement filed with the U.S. Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "1933 Act"), and the Investment Company Act of 1940, as amended (the "1940 Act").
Sample 1
GENERAL DUTIES AS DISTRIBUTOR OF FUND SHARES. It is hereby agreed that you shall act as principal distributor for each series of the Trust set forth on Schedule I and any other series of the Trust as the parties may agree from time to time. Each Fund may be authorized to issue multiple classes of shares pursuant to Rule 18f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). As Distributor, you will have the exclusive right to sell, as agent, on behalf of each Fund, shares of each class authorized and issued by the Fund and it is further agreed that during the term of this Agreement, you will use your reasonable efforts to solicit or otherwise cause sales of the shares of each Fund and any authorized class of the Funds' shares which are registered or qualified for sale. In the performance of these duties you shall be guided by the requirements of this Agreement, the applicable provisions of the Trust's Trust Instrument, By-laws, and applicable federal and state law, all as amended and/or supplemented from time to time, and each Fund's Prospectus and Statement of Additional Information, which is from time to time in effect under the Trust's Registration Statement filed with the U.S. Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "1933 Act"), and the 1940 Act.
Sample 1
GENERAL DUTIES AS DISTRIBUTOR OF FUND SHARES. (a) Distributor shall act as principal distributor for shares of beneficial interest ("Shares") of the funds. Distributor has the right to purchase, as agent, from each fund, Shares of each series authorized and issued by the fund. Distributor agrees, as agent for each fund, to accept for redemption, the Shares authorized and issued by the fund; whenever the officers of the Trust deem it advisable for the protection of shareholders, they may suspend or cancel such authority with respect to one or more of the funds. In the performance of these duties, Distributor shall be guided by the requirements of this Agreement, the applicable provisions of the Trust's Declaration of Trust and applicable federal and state law, all as amended and/or supplemented from time to time, and each fund's Prospectus and Statement of Additional Information, then in effect under the Trust's current Registration Statement filed with the U.S. Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "1933 Act"), and the Investment Company Act of 1940, as amended (the "1940 Act").
Sample 1

Related to GENERAL DUTIES AS DISTRIBUTOR OF FUND SHARES

  • Duties as Sub-Adviser (a) Subject to the oversight and supervision of GEAM and the Board of Trustees of the Trust (the “Board”), the Sub-Adviser will provide a continuous investment program for the Fund with respect to the Sub-Adviser’s Allocated Assets, including investment research and management. The Sub-Adviser will determine from time to time what investments will be purchased, retained or sold by the Fund with respect to such Allocated Assets. The Sub-Adviser will be responsible for placing purchase and sell orders for the Allocated Assets. The Sub-Adviser will consult with GEAM from time to time regarding matters pertaining to the Fund, including market strategy and portfolio characteristics. The Sub-Adviser will provide services under this Agreement in accordance with the Fund’s investment objective, policies and restrictions as stated in the Registration Statement, the Constituent Documents (as defined below), the Investment Guidelines (as defined below), and applicable law. In this connection and in connection with the further duties set forth in this Section 2 as provided below, the Sub-Adviser shall provide GEAM and the Board with such periodic reports and documentation as GEAM or the Board shall reasonably request regarding the Sub-Adviser’s management of the Fund’s Allocated Assets, compliance with applicable laws and rules and the Registration Statement (as defined below) and all requirements hereunder. The Sub-Adviser acknowledges that copies of the Trust’s current registration statement on Form N-1A and any amendments or supplements thereto (“Registration Statement”), and the Trust’s Agreement and Declaration of Trust and By-Laws, if any, (“Constituent Documents”), each as currently in effect, have been delivered to the Sub-Adviser.

  • Services as Distributor 1.1 You will act as agent for the distribution of Shares covered by, and in accordance with, the registration statement and prospectus then in effect under the Securities Act of 1933, as amended, and will transmit promptly any orders received by you for purchase or redemption of Shares to the Transfer and Dividend Disbursing Agent for the Fund of which the Fund has notified you in writing.

  • Duties as Investment Adviser (a) Subject to the supervision and direction of the Trust’s Board of Trustees (“Board”), Invesco PowerShares Capital Management will provide a continuous investment program for each Fund, including investment research and management with respect to all securities and investments and cash equivalents in the Fund. Invesco PowerShares Capital Management will determine, from time to time, what securities and other investments will be purchased, retained or sold by the Fund. Invesco PowerShares Capital Management shall initially determine and make such modifications to the identity and number of shares of the securities to be accepted pursuant to such Fund’s benchmark index in exchange for creation units for each Fund and the securities that will be applicable that day to redemption requests received for such Fund as may be necessary as a result of rebalancing adjustments and corporate action events (and may give directions to the Trust’s custodian with respect to such designations).

  • Xxxxxx; Duties Specified Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Loan Documents as are specifically delegated or granted to Administrative Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Documents. Administrative Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees. Administrative Agent shall not have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender or Company; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Administrative Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

  • Duties and Responsibilities of the Escrow Agent The Escrow Agent's duties and responsibilities shall be subject to the following terms and conditions:

  • Duties of the Distributor (a) The Distributor shall sell shares of each Fund through DWR and may sell shares through other securities dealers and its own Account Executives, and shall devote reasonable time and effort to promote sales of the Shares, but shall not be obligated to sell any specific number of Shares. The services of the Distributor hereunder are not exclusive and it is understood that the Distributor may act as principal underwriter for other registered investment companies, so long as the performance of its obligations hereunder is not impaired thereby. It is also understood that Selected Dealers, including DWR, may also sell shares for other registered investment companies.

  • Terms of Appointment/Duties of Price Associates Subject to the terms and conditions set forth in this Agreement, the Fund hereby employs and appoints Price Associates to provide, and Price Associates agrees to provide, the following Accounting Services:

  • Services and Duties of the Distributor A. The Distributor agrees to sell Shares on a best efforts basis as agent for the Trust upon the terms and at the current offering price (plus sales charge, if any) described in the Prospectus. As used in this Agreement, the term “Prospectus” shall mean the current prospectus, including the statement of additional information, as both may be amended or supplemented, relating to the Fund and included in the currently effective registration statement (the “Registration Statement”) of the Trust filed under the Securities Act of 1933, as amended (the “1933 Act”) and the 1940 Act. The Trust shall in all cases receive the net asset value per Share on all sales. If a sales charge is in effect, the Distributor shall remit the sales charge (or portion thereof) to broker-dealers who have sold Shares, as described in Section 2(G), below. In no event shall the Distributor be entitled to all or any portion of such sales charge.

  • Sub-Adviser Duties Subject to the supervision of the Trust’s Board of Trustees and the Manager, the Sub-Adviser will provide a continuous investment program for each Series’ portfolio and determine in its discretion the composition of the assets of each Series’ portfolio, including determination of the purchase, retention, or sale of the securities, cash, and other investments contained in the portfolio. The Sub-Adviser will provide investment research and conduct a continuous program of evaluation, investment, sales, and reinvestment of each Series’ assets by determining the securities and other investments that shall be purchased, entered into, sold, closed, or exchanged for the Series, when these transactions should be executed, and what portion of the assets of the Series should be held in the various securities and other investments in which it may invest. To the extent permitted by the investment policies of each Series, the Sub-Adviser shall make decisions for the Series as to foreign currency matters and make determinations as to and execute and perform foreign currency exchange contracts on behalf of the Series. The Sub-Adviser will provide the services under this Agreement in accordance with each Series’ investment objective or objectives, policies, and restrictions as stated in the Trust’s Registration Statement filed with the Securities and Exchange Commission (“SEC”), as amended, copies of which shall be sent to the Sub-Adviser by the Manager prior to the commencement of this Agreement and promptly following any such amendment. The Sub-Adviser further agrees as follows:

  • Services and Duties of Investment Sub-Adviser Subject to the general supervision and oversight of the Adviser and the Board of Trustees of the Trust (the “Board”), the Sub-Adviser will:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!