Common use of IT IS AGREED Clause in Contracts

IT IS AGREED. (a) That neither of us shall withhold placing customers' orders for shares so as to profit as a result of such withholding. (b) We shall not purchase shares from the Funds except for the purpose of covering purchase orders already received, and you shall not purchase shares of the Funds except for the purpose of covering purchase orders already received by you or for your own bona fide investment purposes, provided, however, any shares purchased for your own bona fide investment purposes will not be resold except through redemption of the Funds. Delivery of certificates, if any, for shares purchased shall be made by a Fund only against receipt of the purchase price. If payment for the shares purchased and all necessary applications and documents required by the Funds or us are not received within five business days or such shorter time as may be required by law, the sale may be cancelled forthwith without any responsibility or liability on our part or on the part of the Funds (in which case you will be responsible for any loss, including loss of profit, suffered by a Fund resulting from your failure to make payments or provide documents as aforesaid), or, at our option, we may cause the shares ordered to be redeemed by the relevant Fund (in which case we may hold you responsible for any loss). (c) We shall accept only unconditional orders. Any right granted to you to sell shares on behalf of the Funds will not apply to shares issued in connection with the merger or consolidation of any other investment company with a Fund or its acquisition, purchase or otherwise, of all or substantially all the assets of any investment company or substantially all the outstanding shares of any such company. Also, any such right shall not apply to shares issued, sold, or transferred, whether Treasury or newly issued shares, that may be offered by a Fund to its shareholders as stock dividends or splits for not less than "net asset value." (d) We reserve the right to reject any order or application for shares or to withdraw the offering of shares entirely, and to change any sales charge and dealer concession, provided that no such change shall affect concessions on orders accepted by us prior to notice of such change, unless such change results from a reduction in sales charges because of legal requirements. (e) You shall not purchase shares of a Fund from a shareholder at a price per share which is lower than the current net asset value per share which is next computed after the receipt of the tender of such shares by the shareholder. (f) If shares of the Fund are tendered for redemption within seven business days after confirmation by us of your original purchase order for such shares, (i) you shall immediately refund to us the full concession allowed to you on the original sale, and (ii) we shall pay to the Fund our share of the "sales charge" on the original sale by us, and shall also pay to the Fund the refund which we received under (i) above. You shall be notified by us of such redemption within ten days of the date on which proper request for redemption is delivered to us or the Fund. Termination or cancellation of this Agreement shall not relieve you or us from requirements of this subparagraph (f). (g) This Agreement may not be assigned or transferred in any manner including by operation of law.

IT IS AGREED. (a) That neither of us shall withhold placing customers' orders for shares so as to profit as a result of such withholding. (b) We shall not purchase shares from the Funds except for the purpose of covering purchase orders already received, and you shall not purchase shares of the Funds except for the purpose of covering purchase orders already received by you or for your own bona fide investment purposes, provided, however, any shares purchased for your own bona fide investment purposes will not be resold except through redemption of the Funds. Delivery of certificates, if any, for shares Shares purchased shall be made by a Fund only against receipt of the purchase price. If payment for the shares Shares purchased and all necessary applications and documents required by the Funds or us are not received within five business days or such shorter time as may be required by law, the sale may be cancelled forthwith without any responsibility or liability on our part or on the part of the Funds (in which case you will be responsible for any loss, including loss of profit, suffered by a Fund resulting from your failure to make payments or provide documents as aforesaid), or, at our option, we may cause the shares Shares ordered to be redeemed by the relevant Fund (in which case we may hold you responsible for any loss). (c) We shall accept only unconditional orders. Any right granted to you to sell shares on behalf of the Funds will not apply to shares issued in connection with the merger or consolidation of any other investment company with a Fund or its acquisition, purchase or otherwise, of all or substantially all the assets of any investment company or substantially all the outstanding shares of any such company. Also, any such right shall not apply to shares issued, sold, or transferred, whether Treasury or newly issued shares, that may be offered by a Fund to its shareholders as stock dividends or splits for not less than "net asset value." (d) We reserve the right to reject any order or application for shares or to withdraw the offering of shares entirely, and to change any sales charge and dealer concession, provided that no such change shall affect concessions on orders accepted by us prior to notice of such change, unless such change results from a reduction in sales charges because of legal requirements. (e) You shall not purchase shares of a Fund from a shareholder at a price per share which is lower than the current net asset value per share which is next computed after the receipt of the tender of such shares by the shareholder. (f) If shares of the Fund are tendered for redemption within seven business days after confirmation by us of your original purchase order for such shares, (i) you shall immediately refund to us the full concession allowed to you on the original sale, and (ii) we shall pay to the Fund our share of the "sales charge" on the original sale by us, and shall also pay to the Fund the refund which we received under (i) above. You shall be notified by us of such redemption within ten days of the date on which proper request for redemption is delivered to us or the Fund. Termination or cancellation of this Agreement shall not relieve you or us from requirements of this subparagraph (f). (g) This Agreement agreement may not be assigned or transferred in any manner including by operation of law.

IT IS AGREED. (a) That neither of us shall withhold placing customers' orders for shares so as to profit as a result of such withholding. (b) We shall not purchase shares from the Funds except for the purpose of covering purchase orders already received, and you shall not purchase shares of the Funds except for the purpose of covering purchase orders already received by you or for your own bona fide investment purposes, provided, however, any shares purchased for your own bona fide investment purposes will not be resold except through redemption of the Funds. Delivery of certificates, if any, for shares purchased shall be made by a Fund only against receipt of the purchase price. If payment for the shares purchased and all necessary applications and documents required by the Funds or us are not received within five business days or such shorter time as may be required by law, the sale may be cancelled forthwith without any responsibility or liability on our part or on the part of the Funds (in which case you will be responsible for any loss, including loss of profit, suffered by a Fund resulting from your failure to make payments or provide documents as aforesaid), or, at our option, we may cause the shares ordered to be redeemed by the relevant Fund (in which case we may hold you responsible for any loss). (c) We shall accept only unconditional orders. Any right granted No commission will be paid to you to sell shares on behalf of the Funds will not apply to for shares issued in connection with the merger or consolidation of any other investment company with a Fund or its acquisition, purchase or otherwise, of all or substantially all the assets of any investment company or substantially all the outstanding shares of any such company. Also, any such right shall not apply no commission will be paid to you for shares issued, sold, or transferred, whether Treasury or newly issued shares, that may be offered by a Fund to its shareholders as stock dividends or splits for not less than "net asset value." (d) We reserve the right to reject any order or application for shares or to withdraw the offering of shares entirely, and to change any commission, sales charge and dealer concession, provided that no such change shall affect concessions on orders accepted by us prior to notice of such change, unless such change results from a reduction in sales charges because of legal requirementsrequired by law. (e) You shall not purchase shares of a Fund from a shareholder at a price per share which is lower than the current net asset value per share which is next computed after the receipt of the tender of such shares by the shareholder. (f) If shares of the Fund are tendered for redemption within seven business days after confirmation by us of your the original purchase order for such shares, (i) you shall immediately refund to us the full commission or concession allowed to you on the original sale, if any, and (ii) we shall pay to the Fund our share of the "sales charge" on the original sale by us, and shall also pay to the Fund the refund which we received under (i) above. You shall be notified by us of such redemption within ten days of the date on which proper request for redemption is delivered to us or the Fund. Termination or cancellation of this Agreement shall not relieve you or us from requirements of this subparagraph (f). (g) This Agreement agreement may not be assigned or transferred in any manner including by operation of law.

IT IS AGREED. (a) That neither of us shall withhold placing customers' orders for shares so as to profit as a result of such withholding. (b) We shall not purchase shares from the Funds Fund except for the purpose of covering purchase orders already received, and you shall not purchase shares of the Funds Fund except for the purpose of covering purchase orders already received by you or for your own bona fide investment purposes, provided, however, any shares purchased for your own bona fide investment purposes will not be resold except through redemption of the Funds. Delivery of certificates, if any, for shares purchased shall be made by a Fund only against receipt of the purchase price. If payment for the shares purchased and all necessary applications and documents required by the Funds or us are not received within five business days or such shorter time as may be required by law, the sale may be cancelled forthwith without any responsibility or liability on our part or on the part of the Funds (in which case you will be responsible for any loss, including loss of profit, suffered by a Fund resulting from your failure to make payments or provide documents as aforesaid), or, at our option, we may cause the shares ordered to be redeemed by the relevant Fund (in which case we may hold you responsible for any loss)Fund. (c) We shall accept only unconditional orders. Any right granted to you to sell shares on behalf of the Funds Fund will not apply to shares issued in connection with the merger or consolidation of any other investment company with a the Fund or its acquisition, purchase or otherwise, of all or substantially all the assets of any investment company or substantially all the outstanding shares of any such company. Also, any such right shall not apply to shares issued, sold, or transferred, whether Treasury or newly issued shares, that may be offered by a Fund to its shareholders as stock dividends or splits for not less than "net asset value." (d) We reserve the right to reject any order or application for shares or to withdraw the offering price of shares entirely, and to change any sales charge and dealer concession, provided that no such change shall affect concessions on orders accepted by us prior to notice of such change, unless such change results from a reduction in sales charges because of legal requirementsis required by law. (e) You shall not purchase shares of a Fund from a shareholder at a price per share which is lower than the current net asset value per share which is next computed after the receipt of the tender of such shares by the shareholder. (f) If a sales charge and/or dealer concession apply to the purchase of shares of the Fund and, if such shares are tendered for redemption within seven business days after confirmation by us of your original purchase order for such shares, (i) you shall immediately forthwith refund to us the full concession allowed to you on the original sale, and (ii) we shall forthwith pay to the Fund our share of the "sales charge" on the original sale by us, and shall also pay to the Fund the refund which we received under (i) above. You shall be notified by us of such redemption within ten days of the date on which proper request for redemption is delivered to us or the Fund. Termination or cancellation of this Agreement shall not relieve you or us from requirements of this subparagraph (f). (g) This Agreement may agreement shall not be assigned or transferred in any manner including by operation of law.