PURCHASES BY AFFILIATES. Neither the Adviser nor any officer or director thereof shall take a short position in Shares of the Fund. Any direct purchase of Shares of the Fund by any officer or director of the Fund (or by any deferred benefit plan established for the benefit of such officer or director) shall be made for investment purposes at the current price for such Shares available to the public.
Appears in 3 contracts
Samples: Investment Advisory Agreement (Third Avenue Value Fund Inc), Investment Advisory Agreement (Third Avenue Trust), Investment Advisory Agreement (Third Avenue Value Fund Inc)
PURCHASES BY AFFILIATES. Neither the Adviser nor any officer or director thereof shall take a short position in Shares of the Fund. Any direct purchase of Shares of the Fund by any officer or director of the Fund (or by any deferred defined benefit plan established for the benefit of such officer or director) shall be made for investment purposes at the current price for such Shares available to the public.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Third Avenue Trust), Investment Advisory Agreement (Third Avenue Trust)
