Purchases for Your Own Account. The Distributor shall not purchase shares of any Portfolio for its own account for purposes of resale to the public, but it may purchase shares for its own investment account upon its written assurance to the Fund that the purchase is for investment purposes only and that the shares will not be resold except through redemption by the Fund.
Appears in 3 contracts
Samples: Principal Underwriting Agreement (Maxim Series Fund Inc), Principal Underwriting Agreement (Maxim Series Fund Inc), Principal Underwriting Agreement (Maxim Series Fund Inc)
Purchases for Your Own Account. The Distributor shall not purchase shares of any Portfolio Fund for its own account for purposes of resale to the public, but it may purchase shares for its own investment account upon its written assurance to the Fund Trust that the purchase is for investment purposes only and that the shares will not be resold except through redemption by the FundTrust.
Appears in 1 contract
Samples: Principal Underwriting Agreement (Orchard Series Fund)
