Common use of PURCHASES BY AFFILIATES Clause in Contracts

PURCHASES BY AFFILIATES. Neither Idex Management nor any officer or Director thereof shall take a long or short position in the securities issued by the Funds. This prohibition, however, shall not prevent the purchase from a Fund of shares issued by the Fund on behalf of the Trust, by the officers or Directors of Idex Management (or by deferred benefit plans established for their benefit) at the current price available to the public, or at such price with reductions in sales charge as may be permitted by the Fund's current prospectus, in accordance with Section 22(d) of the 1940 Act.

PURCHASES BY AFFILIATES. Neither Idex Management nor any officer or Director thereof shall take a long or short position in the securities issued by the Fundsfunds. This prohibition, however, shall not prevent the purchase from a Fund fund of shares issued by the Fund on behalf of the Trustfund, by the officers or Directors of Idex Management (or by deferred benefit plans established for their benefit) at the current price available to the public, or at such price with reductions in sales charge as may be permitted by the Fund's current prospectus, in accordance with Section 22(d) of the 1940 Act.

PURCHASES BY AFFILIATES. Neither Idex Management nor any officer or Director thereof shall take a long or short position in the securities issued by the FundsFund. This prohibition, however, shall not prevent the purchase from a the Fund of shares issued by the Fund on behalf of the TrustFund, by the officers or Directors of Idex Management (or by deferred benefit plans established for their benefit) at the current price available to the public, or at such price with reductions in sales charge as may be permitted by the Fund's current prospectus, in accordance with Section 22(d) of the 1940 ActInvestment Company Act of 1940.

PURCHASES BY AFFILIATES. Neither Idex Management nor any officer or Director thereof shall take a long or short position in the securities issued by the FundsPortfolio. This prohibition, however, shall not prevent the purchase from a Fund the Portfolio of shares issued by the Fund on behalf of the TrustPortfolio, by the officers or Directors of Idex Management (or by deferred benefit plans established for their benefit) at the current price available to the public, or at such price with reductions in sales charge as may be permitted by the FundPortfolio's current prospectus, in accordance with Section 22(d) of the 1940 Act.

PURCHASES BY AFFILIATES. Neither Idex Management nor any officer or Director thereof shall take a long or short position in the securities issued by the FundsPortfolios. This prohibition, however, shall not prevent the purchase from a Fund Portfolio of shares issued by the Fund on behalf of the TrustPortfolio, by the officers or Directors of Idex Management (or by deferred benefit plans established for their benefit) at the current price available to the public, or at such price with reductions in sales charge as may be permitted by the Fund's current prospectus, in accordance with Section 22(d) of the 1940 Act.

PURCHASES BY AFFILIATES. Neither Idex Management nor any officer or Director thereof shall take a long or short position in the securities issued by the FundsPortfolio. This prohibition, however, shall not prevent the purchase from a Fund the Portfolio of shares issued by the Fund Trust on behalf of the TrustPortfolio, by the officers or Directors of Idex Management (or by deferred benefit plans established for their benefit) at the current price available to the public, or at such price with reductions in sales charge as may be permitted by the FundPortfolio's current prospectus, in accordance with Section 22(d) of the 1940 Act.

PURCHASES BY AFFILIATES. Neither Idex Management nor any officer or Director thereof shall take a long or short position in the securities issued by the FundsFund. This prohibition, however, shall not prevent the purchase from a the Fund of shares issued by the Fund on behalf of the TrustFund, by the officers or Directors of Idex Management (or by deferred benefit plans established for their benefit) at the current price available to the public, or at such price with reductions in sales charge as may be permitted by the Fund's current prospectus, in accordance with Section 22(d) of the 1940 Act.