MULTIPLE CLASSES OF SHARES. REDUCED SALES CHARGES a. Distributor may, from time to time, provide Dealer with written guidelines or standards relating to the sale, distribution or servicing of Funds offering multiple classes of Shares, including classes offering different sales charges, Rule 12b-1 Plan fees or other operating expenses. b. If applicable to a particular Fund, Distributor will not accept a purchase order from Dealer for Class A shares of the Fund that qualifies for investment in Class D shares of such Fund. c. In accordance with the terms of each applicable Prospectus, Dealer acknowledges that a reduced sales charge or no sales charge (collectively, "discounts") may be available to purchasers of Shares. Dealer represents that it has, and will maintain during the term of this Agreement, adequate written supervisory procedures to ensure that Dealer's customers receive all available discounts, and Dealer agrees: (i) to inform its customers of applicable discount opportunities and to inquire about other qualifying holdings that might entitle customers to receive discounts; (ii) to advise Distributor, contemporaneously with each purchase order it forwards to Distributor as agent for its customers, of the availability of any discounts; and (iii) that in the event that Dealer fails to provide Distributor with information concerning the availability of discounts as provided in (ii) above, Dealer, and not Distributor or the Funds, shall be responsible for reimbursing its customer any applicable discount amount.
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Samples: Selected Dealer Agreement (Morgan Stanley FX Series Funds), Selected Dealer Agreement (Morgan Stanley Fundamental Value Fund)
MULTIPLE CLASSES OF SHARES. REDUCED SALES CHARGES
a. Distributor may, from time to time, provide Dealer with written guidelines or standards relating to the sale, distribution or servicing of Funds offering multiple classes of Shares, including classes offering different sales charges, Rule 12b-1 Plan fees or other operating expenses.
b. If applicable to a particular Fund, Distributor will not accept a purchase order from Dealer for Class A shares of the Fund that qualifies for investment in Class D shares of such Fund.
c. In accordance with the terms of each applicable Prospectus, Dealer acknowledges that a reduced sales charge or no sales charge (collectively, "discounts") may be available to purchasers of Shares. Dealer represents that it has, and will maintain during the term of this Agreement, adequate written supervisory procedures to ensure that Dealer's customers receive all available discounts, and Dealer agrees:and
(i) to inform its customers of applicable discount opportunities and to inquire about other qualifying holdings that might entitle customers to receive discounts; (ii) to advise Distributor, contemporaneously with each purchase order it forwards to Distributor as agent for its customers, of the availability of any discounts; and (iii) that in the event that Dealer fails to provide Distributor with information concerning the availability of discounts as provided in (ii) above, Dealer, and not Distributor or the Funds, shall be responsible for reimbursing its customer any applicable discount amount.
Appears in 1 contract
Samples: Selected Dealer Agreement (Morgan Stanley Series Funds)