Common use of Positions in the Shares Clause in Contracts

Positions in the Shares. The Distributor agrees that it will not take any long or short positions in the Shares, except for long positions in those Shares purchased by the Distributor in accordance with any systematic sales plan described in the then current Prospectus of the Fund and except as permitted by Section 2 hereof, and that so far as it can control the situation, it will prevent any of its trustees, officers or shareholders from taking any long or short positions in the Shares, except for legitimate investment purposes.

Appears in 22 contracts

Samples: Distribution and Service Agreement (Van Kampen American Capital Harbor Fund), Distribution and Service Agreement (Van Kampen American Capital Tax Free Trust), Distribution and Service Agreement (Van Kampen American Capital Growth & Income Fund/)

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