Common use of Sales of Shares by the Fund Clause in Contracts

Sales of Shares by the Fund. The Fund reserves the right to issue shares at any time directly to its shareholders as a stock dividend or stock split and to sell shares to its shareholders or to other persons approved by Xxxxxx at not less than net asset value.

Appears in 126 contracts

Samples: Distributor's Contract (George Putnam Balanced Fund), Distributor's Contract (Putnam Variable Trust), Distributor’s Contract (Putnam High Yield Fund)

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Sales of Shares by the Fund. The Fund reserves the right to issue shares at any time directly to its shareholders as a stock dividend or stock split and to sell shares to its shareholders or to other persons approved by Xxxxxx Xxxxxxxx Distributors at not less than net asset value.

Appears in 10 contracts

Samples: Distributor's Contract (Putnam Tax Free Income Trust), Distributor's Contract (Putnam Sustainable Leaders Fund), Distributor's Contract (Putnam International Equity Fund)

Sales of Shares by the Fund. The Fund reserves the right to issue shares at any time directly to its shareholders as a stock dividend or stock split and to sell shares to its shareholders or to other persons approved by Xxxxxx Pxxxxx at not less than net asset value.

Appears in 5 contracts

Samples: Distributor's Contract (Putnam International Equity Fund /Ma/), Distributor's Contract (Putnam Capital Appreciation Fund), Distributor's Contract (Putnam Health Sciences Trust)

Sales of Shares by the Fund. The Fund reserves the right to issue shares at any time directly to its shareholders as a stock dividend or stock split and to sell shares to its shareholders or to other persons approved by Xxxxxx Putnam at not less than net asset value.

Appears in 3 contracts

Samples: Distributor's Contract (Putnam U S Government Income Trust), Distributor's Contract (Putnam U S Government Income Trust), Distributor's Contract (Putnam U S Government Income Trust)

Sales of Shares by the Fund. The Fund reserves the right to issue shares at any time directly to its shareholders as a stock dividend or stock split and to sell shares to its shareholders or to other persons approved by Xxxxxx at not less than net asset value.

Appears in 1 contract

Samples: Distribution Agreement (Americas Utility Fund Inc)

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Sales of Shares by the Fund. The Fund reserves the right to issue shares at any time directly to its shareholders as a stock dividend or stock split and to sell shares to its shareholders or to other persons approved by Xxxxxx Fxxxxxxx Distributors at not less than net asset value.

Appears in 1 contract

Samples: Distributor’s Contract (Putnam Target Date Funds)

Sales of Shares by the Fund. The Fund reserves the right to issue shares at any time directly to its shareholders as a stock dividend or stock split and to sell shares to its shareholders or to other persons approved by Xxxxxx the Distributor at not less than net asset value.

Appears in 1 contract

Samples: Distributor's Contract (Empire Builder Tax Free Bond Fund)

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