Common use of Repurchase of Shares Clause in Contracts

Repurchase of Shares. If any share is repurchased by any of the Funds or is tendered thereto for redemption within seven business days after confirmation by us of the original purchase order from you for such security, you shall forthwith refund to us the full compensation paid to you on the original sale.

Appears in 114 contracts

Samples: Principal Underwriting Agreement (American Funds Multi-Sector Income Fund), Principal Underwriting Agreement (Investment Co of America), Principal Underwriting Agreement (Capital World Bond Fund)

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Repurchase of Shares. If any share is repurchased by any of the Funds or is tendered thereto for redemption within seven business days after confirmation by us of the original purchase order from you for such security, you shall forthwith refund to us the full compensation concessions paid to you on the original sale.

Appears in 109 contracts

Samples: Principal Underwriting Agreement (American Funds Multi-Sector Income Fund), Principal Underwriting Agreement (American Funds Fundamental Investors), Principal Underwriting Agreement (Capital World Bond Fund)

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