Common use of Sale and Repurchase of Shares Clause in Contracts

Sale and Repurchase of Shares. (a) Fund/Plan is hereby granted the right as agent for the Growth Fund, to sell Shares to the public against orders therefor at the public offering price (as defined in sub- paragraph 2. (c) below). (b) Fund/Plan will also have the right to take, as agent for the Growth Fund, all actions which, in Fund/Plan's judgment, are necessary to carry into effect the distribution of the Shares. (c) The public offering price shall be the net asset value of the Shares then in effect. (d) The net asset value of the Shares shall be determined in the manner provided in the then current prospectus and statement of additional information relating to the Shares and when determined shall be applicable to all transactions as provided in the prospectus. The net asset value of the Shares shall be calculated by the Growth Fund or by another entity on behalf of the Growth Fund. Fund/Plan shall have no duty to inquire into or liability for the accuracy of the net asset value per Share as calculated. (e) On every sale, the Growth Fund shall receive the applicable net asset value of the Shares promptly. (f) Upon receipt of purchase instructions, Fund/Plan will transmit such instructions to the Growth Fund or its transfer agent for registration of the Shares purchased. (g) Nothing in this Agreement shall prevent Fund/Plan or any affiliated person (as defined in the Act) of Fund/Plan from acting as underwriter or distributor for any other person, firm or corporation (including other investment companies) or in any way limit or restrict Fund/Plan or such affiliated person from buying, selling, or trading any securities for its or their own account or for the accounts of others for whom it or they may be acting; provided, however, that Fund/Plan expressly agrees that it will not for its own account purchase any shares of the Growth Fund except for investment purposes and that it will not for its own account sell any such shares except by redemption of such shares by the Growth Fund, and that it will not undertake any activities which, in its judgment, will adversely affect the performance of its obligations to the Growth Fund under this Agreement. (h) Fund/Plan may repurchase Shares at such prices and upon such terms and conditions as shall be specified in the Prospectus.

Sale and Repurchase of Shares. (a) Fund/Plan is hereby granted will have the right right, as agent for the Growth FundTrust, to sell Shares shares to the public against orders therefor at the public offering price (as defined in sub- sub-paragraph 2. (c2(d) below). (b) Fund/Plan will also have the right, as agent for the Trust, to sell shares at their net asset value to such persons as may be approved by the Board of Trustees of the Trust, all such sales to comply with the provisions of the Act, the Securities Act of 1933 and the rules and regulations of the Securities and Exchange Commission promulgated thereunder. (c) Fund/Plan will also have the right to take, as agent for the Growth FundTrust, all actions which, in Fund/Plan's judgment, are necessary to carry into effect the distribution of the Sharesshares. (cd) The public offering price shall be the net asset value of the Shares shares then in effect. (de) The net asset value of the Shares shares shall be determined in the manner provided in the then current prospectus and statement of additional information relating to the Shares shares (the "Prospectus"), and when determined shall be applicable to all transactions as provided for in the prospectusProspectus. The net asset value of the Shares shares shall be calculated by the Growth Fund Trust or by another entity on behalf of the Growth FundTrust. Fund/Plan shall have no duty to inquire into or liability for the accuracy of the net asset value per Share share as calculated. (ef) On every sale, the Growth Fund Trust shall promptly receive the applicable net asset value of the Shares promptlyshares sold. (fg) Upon receipt of purchase instructions, Fund/Plan will transmit such instructions to the Growth Fund Trust or its transfer agent for registration of the Shares shares purchased. (gh) Nothing in this Agreement shall prevent Fund/Plan or any affiliated person (as defined in the Act) of Fund/Plan from acting as underwriter or distributor for any other person, firm or corporation (including other investment companies) or in any way limit or restrict Fund/Plan or such affiliated person from buying, selling, selling or trading any securities for its or their own account or for the accounts of others for whom it or they may be acting; provided, however, that Fund/Plan expressly agrees that it will not for its own account purchase any shares of the Growth Fund Trust except for investment purposes and that it will not for its own account sell any such shares except by redemption of such shares by the Growth FundTrust, and that it will not undertake any no activities which, in its judgment, will adversely affect the performance of its obligations to the Growth Fund Trust under this Agreement. (hi) Fund/Plan may repurchase Shares shares at such prices and upon such terms and conditions as shall be specified in the Prospectus.

Sale and Repurchase of Shares. FPS agrees to provide the services set forth in Schedule B attached hereto. ---------- In addition, FPS will offer to sell and sell and repurchase and offer to repurchase the shares in the following manner: (a) Fund/Plan is hereby granted the right as agent for the Growth Fund, FPS shall offer to sell and sell Shares to the public against orders therefor at the public offering price as set forth in each Fund's then-current prospectus and statement of additional information (as defined in sub- paragraph 2the "Public Offering Price"). (c) below).--------------------- (b) Fund/Plan will also have On every sale, the right to take, as agent for Corporation shall receive from FPS the Growth Fund, all actions which, in Fund/Plan's judgment, are necessary to carry into effect the distribution of the Shares. (c) The public offering price shall be the applicable net asset value of the Shares then in effect. within three (d3) business days. The net asset value of the Shares shall be determined in the manner provided in the then then- current prospectus and statement of additional information relating to the Shares and when determined shall be applicable to all transactions as provided in Shares; provided, however, that the prospectus. The net asset value of the Shares shall be calculated by the Growth Fund Corporation or by another entity on behalf of the Growth Fund. Fund/Plan Corporation and FPS shall have no duty to inquire into or incur any liability for the accuracy of the net asset value per Share as calculatedvalue. (e) On every sale, the Growth Fund shall receive the applicable net asset value of the Shares promptly. (fc) Upon receipt of purchase instructions, Fund/Plan FPS will transmit such instructions to the Growth Fund Corporation or its transfer agent for registration of the Shares purchased. (gd) FPS will repurchase and offer to repurchase Shares at such prices and upon such terms and conditions as shall be specified in the then-current prospectus and statement of additional information for the Shares. Nothing in this Agreement shall prevent Fund/Plan FPS or any "affiliated person person" (as defined in the Act0000 Xxx) of Fund/Plan FPS from acting as underwriter or distributor for any other person, firm or corporation (including other investment companies) or in any way limit or restrict Fund/Plan FPS or such affiliated person from buying, selling, selling or trading any securities for its or their own account or for the accounts of others for whom it or they may be acting; provided, however, that Fund/Plan FPS expressly agrees that it will not for its own account purchase any shares of the Growth Fund Shares except for investment purposes and that it will not for its own account sell any such shares Shares except by redemption of such shares by the Growth FundCorporation, and that it will not undertake any activities which, in its judgment, will adversely affect the performance of its obligations to the Growth Fund Corporation under this Agreement. (h) Fund/Plan may repurchase Shares at such prices and upon such terms and conditions as shall be specified in the Prospectus.

Sale and Repurchase of Shares. (a) Fund/Plan Xxxxxxx Partners is hereby granted the right as agent for the Growth FundTrust, to sell Shares to the public against orders therefor at the public offering price (as defined in sub- sub-paragraph 2. (c2(c) belowhereof). (b) Fund/Plan Xxxxxxx Partners will also have the right to take, as agent for the Growth FundTrust, all actions which, in Fund/Plan's Xxxxxxx Partners' judgment, are necessary to carry into effect the distribution of the Shares. (c) The public offering price shall be the net asset value of the Shares then in effect. (d) The net asset value of the Shares shall be determined in the manner provided in the then current prospectus prospectus, and statement of additional information relating to the Shares and when determined shall be applicable to all transactions as provided in the prospectus. The net asset value of the Shares shall be calculated by the Growth Fund Trust or by another entity on behalf of the Growth FundTrust. Fund/Plan Xxxxxxx Partners shall have no duty to inquire into or liability for the accuracy of the net asset value per Share as calculated. (e) On every sale, the Growth Fund Trust shall receive the applicable net asset value of the Shares promptly. (f) Upon receipt of purchase instructions, Fund/Plan Xxxxxxx Partners will transmit such instructions to the Growth Fund Trust or its transfer agent for registration of the Shares purchased. (g) Nothing in this Agreement shall prevent Fund/Plan Xxxxxxx Partners or any affiliated person (as defined in the Act) of Fund/Plan Xxxxxxx Partners from acting as underwriter or distributor for any other person, firm or corporation (including other investment companies) or in any way limit or restrict Fund/Plan Xxxxxxx Partners or such affiliated person from buying, selling, selling or trading any securities for its or their own account or for the accounts of others for whom it or they may be acting; provided, however, that Fund/Plan Xxxxxxx Partners expressly agrees that it will not for its own account purchase any shares of the Growth Fund Trust except for investment purposes and that it will not for its own account sell any such shares except by redemption of such shares by the Growth FundTrust, and that it will not undertake any no activities which, in its judgment, will adversely affect the performance of its obligations to the Growth Fund Trust under this Agreement. (h) Fund/Plan Xxxxxxx Partners may repurchase Shares at such prices and upon such terms and conditions as shall be specified in the Prospectusprospectus.

Sale and Repurchase of Shares. (a) Fund/Plan is hereby granted the right as agent for the Growth Tax Exempt Bond Fund, to sell Shares to the public against orders therefor at the public offering price (as defined in sub- sub-paragraph 2. (c) below). (b) Fund/Plan will also have the right to take, as agent for the Growth Tax Exempt Bond Fund, all actions which, in Fund/Plan's judgment, are necessary to carry into effect the distribution of the Shares. (c) The public offering price shall be the net asset value of the Shares then in effect. (d) The net asset value of the Shares shall be determined in the manner provided in the then current prospectus and statement of additional information relating to the Shares and when determined shall be applicable to all transactions as provided in the prospectus. The net asset value of the Shares shall be calculated by the Growth Tax Exempt Bond Fund or by another entity on behalf of the Growth Tax Exempt Bond Fund. Fund/Plan shall have no duty to inquire into or liability for the accuracy of the net asset value per Share as calculated. (e) On every sale, the Growth Tax Exempt Bond Fund shall receive the applicable net asset value of the Shares promptly. (f) Upon receipt of purchase instructions, Fund/Plan will transmit such instructions to the Growth Tax Exempt Bond Fund or its transfer agent for registration of the Shares purchased. (g) Nothing in this Agreement shall prevent Fund/Plan or any affiliated person (as defined in the Act) of Fund/Plan from acting as underwriter or distributor for any other person, firm or corporation (including other investment companies) or in any way limit or restrict Fund/Plan or such affiliated person from buying, selling, or trading any securities for its or their own account or for the accounts of others for whom it or they may be acting; provided, however, that Fund/Plan expressly agrees that it will not for its own account purchase any shares of the Growth Tax Exempt Bond Fund except for investment purposes and that it will not for its own account sell any such shares except by redemption of such shares by the Growth Tax Exempt Bond Fund, and that it will not undertake any activities which, in its judgment, will adversely affect the performance of its obligations to the Growth Tax Exempt Bond Fund under this Agreement. (h) Fund/Plan may repurchase Shares at such prices and upon such terms and conditions as shall be specified in the Prospectus.

Sale and Repurchase of Shares. Fund/Plan agrees to provide the services contemplated hereby, and (a) Fund/Plan is hereby granted the right right, as agent for the Growth FundTrust, to sell Shares to the public against orders therefor at the public offering price (as defined in sub- sub-paragraph 2. (c2.(c) below). (b) Fund/Plan will also have the right to take, as agent for the Growth FundTrust, all actions which, in Fund/Plan's judgmentjudgement, and subject to the Trust's reasonable approval, are necessary to carry into effect the distribution of the Shares. (c) The public offering price shall be the net asset value of the Shares then in effect. (d) The net asset value of the Shares shall be determined in the manner provided in the then current prospectus Prospectus and statement Statement of additional information Additional Information relating to the Shares Shares, and when determined shall be applicable to all transactions as provided in the prospectusProspectus. The net asset value of the Shares shall be calculated by the Growth Fund Trust or by another entity on behalf of the Growth FundTrust. Fund/Plan shall have no duty to inquire into into, or liability for for, the accuracy of the net asset value per Share as calculated. (ed) On every sale, the Growth Fund Distributor shall receive promptly pay to the Trust the applicable net asset value of the Shares promptlyShares. (fe) Upon receipt of purchase instructions, Fund/Plan will transmit such instructions to the Growth Fund Trust or its transfer agent for registration of the Shares purchased. (gf) Nothing in this Agreement shall prevent Fund/Plan or any affiliated person (as defined in the Act) of Fund/Plan from acting as underwriter or distributor for any other person, firm or corporation (including other investment companies) ), or in any way limit or restrict Fund/Plan or such affiliated person from buying, selling, selling or trading any securities for its or their own account or for the accounts of others for whom it or they may be acting; provided, however, that Fund/Plan expressly agrees that it will not for its own account purchase any shares Shares of the Growth Fund Trust except for investment purposes purposes, and that it will not for its own account sell any such shares Shares except by redemption of such shares Shares by the Growth FundTrust, and that it will not undertake in any activities which, in its judgmentjudgement, will adversely affect the performance of its obligations to the Growth Fund Trust under this Agreement. (hg) Fund/Plan may repurchase Shares at such prices and upon such terms and conditions as shall be specified in the Prospectus.

Sale and Repurchase of Shares. (a) Fund/Plan is hereby granted the right as agent for the Growth FundTrust, to sell Shares to the public against orders therefor at the public offering price (as defined in sub- sub-paragraph 2. (c2.(c) belowhereof). (b) Fund/Plan will also have the right to take, as agent for the Growth FundTrust, all actions which, in Fund/Plan's judgment, are necessary to carry into effect the distribution Underwriting of the Shares. (c) The public offering price shall be the net asset value of the Shares then in effect. (d) The net asset value of the Shares shall be determined in the manner provided in the then current prospectus prospectus, and statement of additional information relating to the Shares and when determined shall be applicable to all transactions as provided in the prospectus. The net asset value of the Shares shall be calculated by the Growth Fund Trust or by another entity on behalf of the Growth FundTrust. Fund/Plan shall have no duty to inquire into or liability for the accuracy of the net asset value per Share as calculated. (e) On every sale, the Growth Fund Trust shall receive the applicable net asset value of the Shares promptly. (f) Upon receipt of purchase instructions, Fund/Plan will transmit such instructions to the Growth Fund Trust or its transfer agent for registration of the Shares purchased.. ================================================================================ Underwriting Agreement between The Milestone Funds, Milestone Capital Management, L.P. and Fund/Plan Broker Services, Inc. (g) Nothing in this Agreement shall prevent Fund/Plan or any affiliated person (as defined in the Act) of Fund/Plan from acting as underwriter or distributor for any other person, firm or corporation (including other investment companies) or in any way limit or restrict Fund/Plan or such affiliated person from buying, selling, selling or trading any securities for its or their own account or for the accounts of others for whom it or they may be acting; provided, however, that Fund/Plan expressly agrees that it will not for its own account purchase any shares of the Growth Fund Trust except for investment purposes and that it will not for its own account sell any such shares except by redemption of such shares by the Growth Fund, and that it will not undertake any activities which, in its judgment, will adversely affect the performance of its obligations to the Growth Fund under this Agreement.by (h) Fund/Plan may repurchase Shares at such prices and upon such terms and conditions as shall be specified in the Prospectus.

Sale and Repurchase of Shares. (a) Fund/Plan is hereby granted the right as agent for the Growth Fund, to sell Shares to the public against orders therefor at the public offering price (as defined in sub- paragraph 2. (c) below). (b) Fund/Plan will also have the right to take, as agent for the Growth Fund, all actions which, in Fund/Plan's judgment, are necessary to carry into effect the distribution of the Shares. (c) The public offering price shall be the net asset value of the Shares then in effect. (d) The net asset value of the Shares shall be determined in the manner provided in the then current prospectus and statement of additional information relating to the Shares and when determined shall be applicable to all transactions as provided in the prospectus. The net asset value of the Shares shall be calculated by the Growth Fund or by another entity on behalf of the Growth Fund. Fund/Plan shall have no duty to inquire into or liability for the accuracy of the net asset value per Share as calculated. (e) On every sale, the Growth Fund shall receive the applicable net asset value of the Shares promptly. (f) Upon receipt of purchase instructions, Fund/Plan will transmit such instructions to the Growth Fund or its transfer agent for registration of the Shares purchased. (g) Nothing in this Agreement shall prevent Fund/Plan or any affiliated person (as defined in the Act) of Fund/Plan from acting as underwriter or distributor for any other person, firm or corporation (including other investment companies) or in any way limit or restrict Fund/Plan or such affiliated person from buying, selling, or trading any securities for its or their own account or for the accounts of others for whom it or they may be acting; provided, however, that Fund/Plan expressly agrees that it will not for its own account purchase any shares of the Growth Fund except for investment purposes and that it will not for its own account sell any such shares except by redemption of such shares by the Growth Fund, and that it will not undertake any activities which, in its judgment, will adversely affect the performance of its obligations to the Growth Fund under this Agreement.will (h) Fund/Plan may repurchase Shares at such prices and upon such terms and conditions as shall be specified in the Prospectus.

Sale and Repurchase of Shares. (a) Fund/Plan is hereby granted the right as agent for the Growth FundTrust, to sell Shares to the public against orders therefor at the public offering price (as defined in sub- sub-paragraph 2. (c2.(c) belowhereof). (b) Fund/Plan will also have the right to take, as agent for the Growth FundTrust, all actions which, in Fund/Plan's judgment, are necessary to carry into effect the distribution of the Shares. (c) The public offering price shall be the net asset value of the Shares then in effect. (d) The net asset value of the Shares shall be determined in the manner provided in the then current prospectus prospectus, and statement of additional information relating to the Shares and when determined shall be applicable to all transactions as provided in the prospectus. The net asset value of the Shares shall be calculated by the Growth Fund Trust or by another entity on behalf of the Growth FundTrust. Fund/Plan shall have no duty to inquire into or liability for the accuracy of the net asset value per Share as calculated. (e) On every sale, the Growth Fund Trust shall receive the applicable net asset value of the Shares promptly. (f) Upon receipt of purchase instructions, Fund/Plan will transmit such instructions to the Growth Fund Trust or its transfer agent for registration of the Shares purchased. (g) Nothing in this Agreement shall prevent Fund/Plan or any affiliated person (as defined in the Act) of Fund/Plan from acting as underwriter or distributor for any other person, firm or corporation (including other investment companies) or in any way limit or restrict Fund/Plan or such affiliated person from buying, selling, selling or trading any securities for its or their own account or for the accounts of others for whom it or they may be acting; provided, however, that Fund/Plan expressly agrees that it will not for its own account purchase any shares of the Growth Fund Trust except for investment purposes and that it will not for its own account sell any such shares except by redemption of such shares by the Growth FundTrust, and that it will not undertake in any activities which, in its judgment, will adversely affect the performance of its obligations to the Growth Fund Trust under this Agreement. (h) Fund/Plan may repurchase Shares at such prices and upon such terms and conditions as shall be specified in the Prospectus.