Common use of Sale of Shares by the Issuer Clause in Contracts

Sale of Shares by the Issuer. The rights granted to Distributors shall be nonexclusive in that the Issuer reserves the right to sell its shares to investors on applications received and accepted by the Issuer. Further, the Issuer reserves the right to issue shares in connection with the merger or consolidation, or acquisition by the Issuer through purchase or otherwise, with any other investment company, trust, or personal holding company.

Appears in 2058 contracts

Samples: General Distribution Agreement (Fidelity Summer Street Trust), General Distribution Agreement (Fidelity Summer Street Trust), General Distribution Agreement (Fidelity Newbury Street Trust)

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Sale of Shares by the Issuer. The rights granted to Distributors shall be nonexclusive non-exclusive in that the Issuer reserves the right to sell its shares to investors on applications received and accepted by the Issuer. Further, the Issuer reserves the right to issue shares in connection with the merger or consolidation, or acquisition by the Issuer through purchase or otherwise, with any other investment company, trust, or personal holding company.

Appears in 92 contracts

Samples: General Distribution Agreement (Fidelity Summer Street Trust), General Distribution Agreement (Fidelity Concord Street Trust), General Distribution Agreement (Fidelity Concord Street Trust)

Sale of Shares by the Issuer. The rights granted to Distributors the Distributor shall be nonexclusive in that the Issuer reserves the right to sell its shares to investors on applications received and accepted by the Issuer. Further, the Issuer reserves the right to issue shares in connection with the merger or consolidation, or acquisition by the Issuer through purchase or otherwise, with any other investment company, trust, or personal holding company.

Appears in 5 contracts

Samples: General Distribution Agreement (Fidelity Municipal Trust), General Distribution Agreement (Fidelity School Street Trust/), General Distribution Agreement (Fidelity School Street Trust/)

Sale of Shares by the Issuer. The rights granted to Distributors the Distributor shall be nonexclusive in exclusive, except that the Issuer reserves the right to sell its shares to investors on applications received and accepted by the Issuer. Further, the Issuer reserves the right to issue shares in connection with the a merger or consolidation, or acquisition by the Issuer through purchase or otherwise, with any other investment company, trust, or personal holding company.

Appears in 2 contracts

Samples: Distribution Agreement (Homestead Funds Inc), Distribution Agreement (Homestead Funds Inc)

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Sale of Shares by the Issuer. The rights granted to Distributors the Distributor ---------------------------- shall be nonexclusive in that the nonexclusive. The Issuer reserves the right to sell its shares Series Shares to investors on applications received and accepted by the Issuer. Further, the The Issuer also reserves the right to issue shares Series Shares in connection with the merger or consolidation, or acquisition by the Issuer through purchase or otherwise, with any other investment company, trust, or personal holding company.

Appears in 1 contract

Samples: General Distribution Agreement (Walnut Street Funds Inc)

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