Common use of Purchase of Shares from the Company Clause in Contracts

Purchase of Shares from the Company. 3.1 ASM shall have the right to buy from the Company on behalf of investors the Shares needed, but not more than the Shares needed (except for clerical errors in transmission) to fill unconditional orders for Shares placed with ASM by investors or registered and qualified securities dealers, banks and other qualifying financial institutions ("Dealers").

Appears in 3 contracts

Samples: American Skandia Advisor Funds Inc, Distribution Agreement (American Skandia Advisor Funds Inc), Underwriting and Distribution Agreement (American Skandia Advisor Funds Inc)

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Purchase of Shares from the Company. 3.1 ASM shall have the right to buy from the Company on behalf of investors the Shares needed, but not more than the Shares needed (except for clerical errors in transmission) to fill unconditional orders for Shares placed with ASM by investors or registered and qualified securities dealers, banks and other qualifying financial institutions ("Dealers").

Appears in 1 contract

Samples: Underwriting and Distribution Agreement (Strategic Partners Mutual Funds, Inc.)

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