Common use of Purchase Restrictions Clause in Contracts

Purchase Restrictions. You agree to purchase shares solely through us and only for the purpose of covering purchase orders already received from customers or for your own bona fide investment. You agree not to purchase for any other securities dealer unless you have an agreement with such other dealer or broker to handle clearing arrangements and then only in the ordinary course of business for such purpose and only if such other dealer has executed a Dealer Sales Agreement with us. You also agree not to withhold any customer order so as to profit therefrom.

Appears in 11 contracts

Samples: Dealer Sales Agreement (Montana Tax Free Fund Inc), Dealer Sales Agreement (Nd Tax Free Fund Inc /Nd/), Dealer Sales Agreement (Montana Tax Free Fund Inc)

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Purchase Restrictions. You agree to purchase shares solely through us and --------------------- only for the purpose of covering purchase orders already received from customers or for your own bona fide investment. You agree not to purchase for any other securities dealer unless you have an agreement with such other dealer or broker to handle clearing arrangements and then only in the ordinary course of business for such purpose and only if such other dealer has executed a Dealer Sales Agreement with us. You also agree not to withhold any customer order so as to profit therefrom.

Appears in 1 contract

Samples: Dealer Sales Agreement (Nd Insured Income Fund Inc)

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Purchase Restrictions. You agree to purchase shares Shares solely through us and only for the purpose of covering purchase orders already received from customers or for your own bona fide investment. You agree not to purchase for any other securities broker-dealer unless you have an agreement with such other broker-dealer or broker (individually, “Introducing Broker” and collectively, “Introducing Brokers”) to handle clearing arrangements (and then only in the ordinary course of business for such purpose and only if such other broker-dealer has executed a Dealer Sales Agreement (the “Agreement”) with us. You also agree not to withhold any customer order so as to profit therefrom.

Appears in 1 contract

Samples: Dealer Sales Agreement (Integrity Funds)

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