Common use of Rejection of Orders Clause in Contracts

Rejection of Orders. We shall have the right to accept or reject orders for the purchase of Shares of any Fund. It is understood that for the purposes hereof no Share shall be considered to have been sold by you and no compensation will be payable to you with respect to any subscription for Shares which is rejected by us or an Investment Company. Any consideration which you may receive in connection with a rejected purchase order will be returned promptly. Confirmations of all accepted purchase orders will be transmitted by the Transfer Agent for the applicable Fund or class thereof to the investor or to you, if authorized.