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

Purchase of Shares from each Fund. The Shares are offered in four classes (each, a "Class"), as described in the Prospectus, as amended or supplemented from time to time. (a) The Distributor shall have the right to buy from each Fund the Shares of the particular class needed, but not more than the Shares needed (except for clerical errors in transmission), to fill unconditional orders for Shares of the applicable class 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. 1

Appears in 3 contracts

Samples: Funds Distribution Agreement Agreement (TCW Dw Income & Growth Fund), Morgan Stanley Dean Witter Funds Distribution Agreement Agreement (Morgan Stanley Dean Witter World Wide Income Trust), Distribution Agreement Agreement (TCW/Dw Latin American Growth Fund)

AutoNDA by SimpleDocs

Purchase of Shares from each Fund. The Shares are offered in four classes (each, a "Class"), as described in the Prospectus, as amended or supplemented from time to time. (a) The Distributor shall have the right to buy from each Fund the Shares of the particular class needed, but not more than the Shares needed (except for clerical errors in transmission), to fill unconditional orders for Shares of the applicable class 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. 1.

Appears in 1 contract

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

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.