Common use of Payment for Class Clause in Contracts

Payment for Class. C Shares purchased by you is to be made by certified or official bank check at the office of Merrxxx Xxxcx Xxxds Distributor, Inc., P.O. Xxx 0000, Xxxxxxxxx, Xxx Xxxxxx 00000-0000, xx such date as we may advise, in New York Clearing House funds payable to the order of Merrxxx Xxxcx Xxxds Distributor, Inc., or by federal funds wire transfer, against delivery by us of non-negotiable share deposit receipts ("Receipts") issued by Merrxxx Xxxcx Xxxancial Data Services, Inc., as shareholder servicing agent, acknowledging the deposit with it of the Class C Shares so purchased by you. You agree that as promptly as practicable after the delivery of such Class C Shares you will issue appropriate written transfer instructions to the Corporation or to the shareholder servicing agent as to the purchasers to whom you sold the Class C Shares.

Appears in 3 contracts

Samples: Shares Distribution Agreement (Mercury Asset Management Funds Inc), Shares Distribution Agreement (Mercury Asset Management Funds Inc), Shares Distribution Agreement (Mercury Asset Management Funds Inc)

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Payment for Class. C A Shares purchased by you is to be made by certified or official bank check at the office of Merrxxx Xxxcx Xxxds Distributor, Inc., P.O. Xxx 0000, Xxxxxxxxx, Xxx Xxxxxx 00000-0000, xx such date as we may advise, in New York Clearing House funds payable to the order of Merrxxx Xxxcx Xxxds Distributor, Inc., or by federal funds wire transfer, against delivery by us of non-negotiable share deposit receipts ("Receipts") issued by Merrxxx Xxxcx Xxxancial Data Services, Inc., as shareholder servicing agent, acknowledging the deposit with it of the Class C A Shares so purchased by you. You agree that as promptly as practicable after the delivery of such Class C A Shares you will issue appropriate written transfer instructions to the Corporation or to the shareholder servicing agent as to the purchasers to whom you sold the Class C A Shares.

Appears in 1 contract

Samples: Shares Distribution Agreement (Mercury Asset Management Funds Inc)

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