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

Purchase of Shares from the Fund. 3.1 The Distributor shall have the right to buy from the Fund 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 the Distributor by investors or registered and qualified securities dealers and other financial institutions (selected dealers). 3.2 The Shares shall be sold by the Distributor on behalf of the Fund and delivered by the Distributor or selected dealers, as described in Section 6.4 hereof, to investors at the offering price as set forth in the Prospectus.

Appears in 19 contracts

Samples: Distribution Agreement (Prudential High Yield Fund Inc), Distribution Agreement (Global Utility Fund Inc), Command Money Fund Distribution Agreement (Command Money Fund)

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Purchase of Shares from the Fund. 3.1 (a) The Distributor shall have the right to buy from the Fund on behalf of investors Trust 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 registered and qualified securities dealers and other financial institutions (selected dealers)investors. 3.2 The price which the Distributor shall pay for the Shares so purchased from the Fund shall be sold by the Distributor on behalf of the Fund and delivered by the Distributor or selected dealersnet asset value, as described in Section 6.4 hereof, to investors at the offering price determined as set forth in the Prospectus, used in determining the public offering price on which such orders were based.

Appears in 3 contracts

Samples: Distribution Agreement (Dean Witter High Income Securities Trust), Distribution Agreement (Dean Witter Short-Term Bond Fund), Dean Witter Retirement Series (Dean Witter Retirement Series)

Purchase of Shares from the Fund. 3.1 (a) The Distributor shall have the right to buy from the Fund 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 the Distributor by investors or registered and qualified securities dealers and other financial institutions (selected dealers). 3.2 The price which the Distributor shall pay for the Shares so purchased from the Fund shall be sold by the Distributor on behalf of the Fund and delivered by the Distributor or selected dealersnet asset value, as described in Section 6.4 hereof, to investors at the offering price determined as set forth in the ProspectusProspectus used in determining the public offering price on which such orders were based.

Appears in 3 contracts

Samples: Distribution Agreement (Invesco Prime Income Trust), Prime Income Trust (Prime Income Trust), Distribution Agreement (Morgan Stanley Dean Witter Prime Income Trust)

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Purchase of Shares from the Fund. 3.1 (a) The Distributor shall have the right to buy from the Fund on behalf of investors Trust 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 registered and qualified securities dealers and other financial institutions (selected dealers). 3.2 The price which the Distributor shall pay for the Shares so purchased from the Fund shall be sold by the Distributor on behalf of the Fund and delivered by the Distributor or selected dealersnet asset value, as described in Section 6.4 hereof, to investors at the offering price determined as set forth in the Prospectus.

Appears in 1 contract

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

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