Common use of PURCHASES BY AFFILIATES Clause in Contracts

PURCHASES BY AFFILIATES. Neither TFAI 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 the Funds of shares issued by the Funds on behalf of the Trust, by the officers or Directors of TFAI (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 each Fund's current prospectus, in accordance with Section 22(d) of the 1940 Act.

PURCHASES BY AFFILIATES. Neither TFAI 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 the Funds a Fund of shares issued by the Funds Fund on behalf of the Trust, by the officers or Directors of TFAI (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 each the Fund's current prospectus, in accordance with Section 22(d) of the 1940 Act.

PURCHASES BY AFFILIATES. Neither TFAI 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 the Funds Fund of shares issued by the Funds Fund on behalf of the Trust, by the officers or Directors of TFAI (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 each the Fund's current prospectus, in accordance with Section 22(d) of the 1940 Act.