Reduced Sales Charges. In accordance with the terms of each applicable Prospectus, Dealer acknowledges that a reduced sales charge or no sales charge (collectively, “discounts”) may be available to certain purchasers of Units under certain circumstances. Dealer represents that it has, and will maintain during the term of this Agreement, adequate written supervisory procedures and internal controls to ensure that Dealer’s customers receive all available discounts, and Dealer agrees: (i) to inform its customers of applicable discount opportunities and to inquire about other qualifying holdings that might entitle customers to receive discounts; (ii) to advise Cowen, contemporaneously with each purchase order it forwards to Cowen as agent for its customers, of the availability of any discounts and (iii) that in the event that Dealer fails to provide Cowen with information concerning the availability of discounts as provided in (ii) above, Dealer, and not Cowen, the Trust or any Series thereof, shall be responsible for reimbursing its customer any applicable discount amount.
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Samples: Dealer Agreement (M Funds Trust)
Reduced Sales Charges. In accordance with the terms of each applicable Prospectus, Dealer acknowledges that a reduced sales charge or no sales charge (collectively, “discounts”) may be available to certain purchasers of Units under certain circumstances. Dealer represents that it has, and will maintain during the term of this Agreement, adequate written supervisory procedures and internal controls to ensure that Dealer’s customers receive all available discounts, and Dealer agrees: (i) to inform its customers of applicable discount opportunities and to inquire about other qualifying holdings that might entitle customers to receive discounts; (ii) to advise CowenBHSI, contemporaneously with each purchase order it forwards to Cowen BHSI as agent for its customers, of the availability of any discounts and (iii) that in the event that Dealer fails to provide Cowen BHSI with information concerning the availability of discounts as provided in (ii) above, Dealer, and not CowenBHSI, the Trust or any Series thereof, shall be responsible for reimbursing its customer any applicable discount amount.
Appears in 1 contract
Reduced Sales Charges. In accordance with the terms of each applicable Prospectus, Dealer acknowledges that a reduced sales charge or no sales charge (collectively, “discounts”) may be available to certain purchasers of Units under certain circumstances. Dealer represents that it has, and will maintain during the term of this Agreement, adequate written supervisory procedures and internal controls to ensure that Dealer’s customers receive all available discounts, and Dealer agrees: (i) to inform its customers of applicable discount opportunities and to inquire about other qualifying holdings that might entitle customers to receive discounts; (ii) to advise CowenAxio, contemporaneously with each purchase order it forwards to Cowen Axio as agent for its customers, of the availability of any discounts and (iii) that in the event that Dealer fails to provide Cowen Axio with information concerning the availability of discounts as provided in (ii) above, Dealer, and not CowenAxio, the Trust or any Series thereof, shall be responsible for reimbursing its customer any applicable discount amount.
Appears in 1 contract
Samples: Dealer Agreement (M Funds Trust)
Reduced Sales Charges. In accordance with the terms of each applicable Prospectus, Dealer acknowledges that a reduced sales charge or no sales charge (collectively, “discounts”) may be available to certain purchasers of Units under certain circumstances. Dealer represents that it has, and will maintain during the term of this Agreement, adequate written supervisory procedures and internal controls to ensure that Dealer’s customers receive all available discounts, and Dealer agrees: (i) to inform its customers of applicable discount opportunities and to inquire about other qualifying holdings that might entitle customers to receive discounts; (ii) to advise CowenStrategas, contemporaneously with each purchase order it forwards to Cowen Strategas as agent for its customers, of the availability of any discounts and (iii) that in the event that Dealer fails to provide Cowen Strategas with information concerning the availability of discounts as provided in (ii) above, Dealer, and not CowenStrategas, the Trust or any Series thereof, shall be responsible for reimbursing its customer any applicable discount amount.
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Samples: Dealer Agreement (Strategas Trust)