Common use of Purchase of Shares from each Fund Clause in Contracts

Purchase of Shares from each Fund. (a) The Distributor shall have the right to buy from each Fund the Shares needed, but not more than the Shares needed (except for clerical errors in transmission), to fill unconditional orders for Shares placed with the Distributor by investors or securities dealers. The price which the Distributor shall pay for the Shares so purchased from the Fund shall be the net asset value, determined as set forth in the Prospectus, used in determining the public offering price on which such orders were based. (b) The Shares are to be resold by the Distributor at the public offering price of Shares as set forth in the Prospectus, to investors or to securities dealers, including DWR, who have entered into selected dealer agreements with the Distributor upon the terms and conditions set forth in Section 7 hereof ("Selected Dealers"). 1

Appears in 16 contracts

Samples: Dean Witter Funds Distribution Agreement Agreement (Witter Dean High Yield Securities Inc), Dean Witter Funds Distribution Agreement Agreement (Dean Witter Global Utilities Fund), Dean Witter Funds (Witter Dean Convertible Securities Trust)

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Purchase of Shares from each Fund. (a) The Distributor shall have the right to buy from each Fund the Shares needed, but not more than the Shares needed (except for clerical errors in transmission), to fill unconditional orders for Shares placed with the Distributor by investors or securities dealers. The price which the Distributor shall pay for the Shares so purchased from the Fund shall be the net asset value, determined as set forth in the Prospectus, used in determining the public offering price on which such orders were based. (b) The Shares are to be resold by the Distributor at the public offering price of Shares as set forth in the Prospectus, to investors or to securities dealers, including DWR, who have entered into selected dealer agreements with the Distributor upon the terms and conditions set forth in Section 7 hereof ("Selected Dealers"). 1

Appears in 2 contracts

Samples: Distribution Agreement Agreement (TCW/Dw Latin American Growth Fund), Funds Distribution Agreement Agreement (TCW Dw Income & Growth Fund)

Purchase of Shares from each Fund. (a) The Distributor shall have the right to buy from each Fund the Shares needed, but not more than the Shares needed (except for clerical errors in transmission), to fill unconditional orders for Shares placed with the Distributor by investors or securities dealers. The price which the Distributor shall pay for the Shares so purchased from the Fund shall be the net asset value, determined as set forth in the Prospectus, used in determining the public offering price on which such orders were based. (b) The Shares are to be resold by the Distributor at the public offering price of Shares as set forth in the Prospectus, to investors or to securities dealers, including DWR, who have entered into selected dealer agreements with the Distributor upon the terms and conditions set forth in Section 7 hereof ("Selected Dealers"). 1.

Appears in 2 contracts

Samples: Dean Witter Funds Distribution Agreement Agreement (Witter Dean Dividend Growth Securities Inc), Dean Witter Funds Distribution Agreement Agreement (Witter Dean New York Tax Free Income Fund)

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Purchase of Shares from each Fund. (a) The Distributor shall have the right to buy from each Fund the Shares needed, but not more than the Shares needed (except for clerical errors in transmission), to fill unconditional orders for Shares placed with the Distributor by investors or securities dealers. The price which the Distributor shall pay for the Shares so purchased from the Fund shall be the net asset value, determined as set forth in the Prospectus, used in determining the public offering price on which such orders were based. (b) The Shares are to be resold by the Distributor at the public offering price of Shares as set forth in the Prospectus, to investors or to securities dealers, including DWR, who have entered into selected dealer agreements with the Distributor upon the terms and conditions set forth in Section 7 hereof ("Selected Dealers"). 1dealer

Appears in 1 contract

Samples: Funds Distribution Agreement Agreement (TCW Dw Balanced Fund)

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