Common use of Sales to Dealers Clause in Contracts

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A “Dealer” will be a person who is: (a) a broker or dealer (as defined by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. bank, broker, dealer, or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the “1934 Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine.

Appears in 114 contracts

Samples: Master Agreement, Master Agreement, Master Agreement (RiverNorth Managed Duration Municipal Income Fund II, Inc.)

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Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will shall determine. A “Dealer” will "DEALER" shall be a person who is: is (a) a broker or dealer (as defined by FINRAin the By-Laws of the NASD) actually engaged in the investment banking or securities business, business and (i) a member in good standing of FINRA, the NASD or (ii) a non-U.S. foreign bank, broker, dealer, dealer or other institution not eligible for membership in FINRA the NASD that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, 10.6 hereof or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 1934, as amended (the "1934 Act”ACT"), and such other Securities as from time to time may be sold by a "bank" (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”"BANK")), a Bank that is not a member of FINRA the NASD and that makes the representations and agreements applicable to such institutions contained in Section 10.5 10.6 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will shall be credited to the accounts of the Underwriters as the Manager will shall determine.

Appears in 29 contracts

Samples: Master Agreement (Blackrock New York Insured Muncipal 2008 Term Trust Inc), Master Agreement (Nuveen Quality Preferred Income Fund 2), Master Agreement (Calamos Strategic Total Return Fund)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A “Dealer” will be a person who is: (a) a broker or dealer (as defined by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. bank, broker, dealer, or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the “1934 Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine. 2 Meant to permit disclosure of non-Issuer related information, such as benchmark Treasury rate, in preliminary term sheets or price talk.

Appears in 21 contracts

Samples: Master Agreement (Apollo Tactical Income Fund Inc.), Master Agreement (MainStay DefinedTerm Municipal Opportunities Fund), Master Agreement (Nuveen California Dividend Advantage Municipal Fund 3)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will shall determine. A "Dealer” will " shall be a person who is: is (a) a broker or dealer (as defined by FINRAin the By-Laws of the NASD) actually engaged in the investment banking or securities business, business and (i) a member in good standing of FINRA, the NASD or (ii) a non-U.S. foreign bank, broker, dealer, dealer or other institution not eligible for membership in FINRA the NASD that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, 10.6 hereof or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 1934, as amended (the "1934 Act"), and such other Securities as from time to time may be sold by a "bank" (as defined in Section 3(a)(6) of the 1934 Act (a "Bank")), a Bank that is not a member of FINRA the NASD and that makes the representations and agreements applicable to such institutions contained in Section 10.5 10.6 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will shall be credited to the accounts of the Underwriters as the Manager will shall determine.

Appears in 17 contracts

Samples: Master Agreement (Prospect Street High Income Portfolio Inc), Master Agreement (Salomon Brothers Emerging Markets Debt Fund Inc), Master Agreement (Cohen & Steers Advantage Income Fund Inc)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A “Dealer” will be a person who is: (a) a broker or dealer (as defined 2 Meant to permit disclosure of non-Issuer related information, such as benchmark Treasury rate, in preliminary term sheets or price talk. by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. bank, broker, dealer, or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the “1934 Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine.

Appears in 13 contracts

Samples: Master Agreement (BlackRock Innovation & Growth Trust), Master Agreement (Nuveen Dynamic Municipal Opportunities Fund), Master Agreement (Nuveen Dynamic Municipal Opportunities Fund)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will shall determine. A “Dealer” will shall be a person who is: is (a) a broker or dealer (as defined by FINRAin the By-Laws of the NASD) actually engaged in the investment banking or securities business, business and (i) a member in good standing of FINRA, the NASD or (ii) a non-U.S. foreign bank, broker, dealer, dealer or other institution not eligible for membership in FINRA the NASD that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, 10.6 hereof or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 1934, as amended (the “1934 Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA the NASD and that makes the representations and agreements applicable to such institutions contained in Section 10.5 10.6 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will shall be credited to the accounts of the Underwriters as the Manager will shall determine.

Appears in 11 contracts

Samples: Master Agreement (Nuveen Build America Bond Opportunity Fund), Master Agreement (Nuveen Build America Bond Opportunity Fund), Master Agreement (ClearBridge Energy MLP Fund Inc.)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A “Dealer” will be a person who is: (a) a broker or dealer (as defined by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. bank, broker, dealer, or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the “1934 Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager 2 Meant to permit disclosure of non-Issuer related information, such as benchmark Treasury rate, in preliminary term sheets or price talk. to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine.

Appears in 9 contracts

Samples: Master Agreement (Nuveen Flexible Investment Income Fund), Master Agreement (Nuveen Flexible Investment Income Fund), Master Agreement (Nuveen Intermediate Duration Municipal Term Fund)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will shall determine. A "Dealer” will be a person who is: " is (ai) a broker or dealer (as defined by FINRAin the Bylaws of the NASD) that is actually engaged in the investment banking or securities business, business and is either (iA) a member in good standing of FINRA, the NASD or (iiB) a non-U.S. foreign bank, broker, dealer, dealer or other institution not eligible for membership in FINRA the NASD that, in the case of either clause (a)(ii) (A) or (a)(iii) (B), makes the representations and agreements applicable to such institutions contained in Section 10.5 10(f), hereof, or (bii) a "Bank") (as defined in Section 3(a)(6) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the “1934 Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA the NASD and that makes the representations and agreements applicable to such institutions contained in Section 10.5 10(f) hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will shall be credited to the accounts of the Underwriters as the Manager will shall determine.

Appears in 5 contracts

Samples: Dividend Capital Realty Income Allocation Fund, Master Agreement (RMK Advantage Income Fund, Inc.), Master Agreement (RMK Multi-Sector High Income Fund Inc)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will shall determine. A “Dealer” will shall be a person who is: is (ai) a broker or dealer (as defined by FINRAin the By-Laws of the NASD) actually engaged in the investment banking or securities business, business and (iA) a member in good standing of FINRA, the NASD or (iiB) a non-U.S. bank, broker, dealer, foreign bank or other institution dealer not eligible for membership in FINRA the NASD that, in the case of either clause (a)(ii)(A) or (a)(iii)(B), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, 10(f) hereof or (bii) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 1934, as amended (the “1934 Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA the NASD and that makes the representations and agreements applicable to such institutions contained in Section 10.5 10(f) hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will shall be credited to the accounts of the Underwriters as the Manager will shall determine.

Appears in 3 contracts

Samples: Master Agreement (Western Asset Municipal Defined Opportunity Trust Inc.), Master Agreement (Dividend Capital Strategic Global Realty Fund), Master Agreement (Seligman Premium Technology Growth Fund, Inc.)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A “Dealer” will be a person who is: (a) a broker or dealer (as defined by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. bank, broker, dealer, dealer or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the “1934 Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine.

Appears in 2 contracts

Samples: Master Agreement (StoneCastle Financial Corp.), Master Agreement (StoneCastle Financial Corp.)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A “Dealer” "DEALER" will be a person who is: (a) a broker or dealer (as defined by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. bank, broker, dealer, or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the "1934 Act”ACT"), and such other Securities as from time to time may be sold by a "bank" (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”"BANK")), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine.

Appears in 2 contracts

Samples: Master Agreement (First Trust Dynamic Europe Equity Income Fund), Master Agreement (First Trust New Opportunities MLP & Energy Fund)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A “Dealer” will be a person who is: (a) a broker or dealer (as defined by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. bank, broker, dealer, or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the “1934 Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine. ____________________ 2 Meant to permit disclosure of non-Issuer related information, such as benchmark Treasury rate, in preliminary term sheets or price talk.

Appears in 1 contract

Samples: Master Agreement (Dreyfus Municipal Bond Infrastructure Fund, Inc.)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will shall determine. A “Dealer” will shall be a person who is: is (a) a broker or dealer (as defined by FINRAin the By-Laws of the NASD) actually engaged in the investment banking or securities business, business and (i) a member in good standing of FINRA, the NASD or (ii) a non-U.S. foreign bank, broker, dealer, dealer or other institution not eligible for membership in FINRA the NASD that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, 10.6 hereof or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 1934, as amended (the “1934 Act”), and such other Securities as from time to time may be sold by a "bank" (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA the NASD and that makes the representations and agreements applicable to such institutions contained in Section 10.5 10.6 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will shall be credited to the accounts of the Underwriters as the Manager will shall determine.

Appears in 1 contract

Samples: Master Agreement (Seligman LaSalle International Real Estate Fund, Inc.)

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Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A “Dealer” will be a person who is: (a) a broker or dealer (as defined by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. bank, broker, dealer, or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations 2 Meant to permit disclosure of non-Issuer related information, such as benchmark Treasury rate, in preliminary term sheets or price talk. and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the “1934 Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine.

Appears in 1 contract

Samples: Master Agreement (GAMCO Natural Resources, Gold & Income Trust)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A “Dealer” "DEALER" will be a person who is: (a) a broker or dealer (as defined by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. bank, broker, dealer, or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the "1934 Act”ACT"), and such other Securities as from time to time may be sold by a "bank" (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”"BANK")), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine.the

Appears in 1 contract

Samples: Master Agreement (First Trust Energy Infrastructure Fund)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will shall determine. A “Dealer” will shall be a person who is: is (a) a broker or dealer (as defined by FINRAin the By-Laws of the NASD) actually engaged in the investment banking or securities business, business and (i) a member in good standing of FINRA, the NASD or (ii) a non-U.S. foreign bank, broker, dealer, dealer or other institution not eligible for membership in FINRA the NASD that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, 10.6 hereof or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 1934, as amended (the “1934 Exchange Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Exchange Act (a “Bank”)), a Bank that is not a member of FINRA the NASD and that makes the representations and agreements applicable to such institutions contained in Section 10.5 10.6 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will shall be credited to the accounts of the Underwriters as the Manager will shall determine.

Appears in 1 contract

Samples: RMR Asia Real Estate Fund

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will shall determine. A “Dealer” will "DEALER" shall be a person who is: is (a) a broker or dealer (as defined by FINRAin the By-Laws of the NASD) actually engaged in the investment banking or securities business, business and (i) a member in good standing of FINRA, the NASD or (ii) a non-U.S. foreign bank, broker, dealer, dealer or other institution not eligible for membership in FINRA the NASD that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, 10.6 hereof or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 1934, as amended (the “1934 Act”"EXCHANGE ACT"), and such other Securities as from time to time may be sold by a “bank” "BANK" (as defined in Section 3(a)(6) of the 1934 Exchange Act (a “Bank”"BANK")), a Bank that is not a member of FINRA the NASD and that makes the representations and agreements applicable to such institutions contained in Section 10.5 10.6 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will shall be credited to the accounts of the Underwriters as the Manager will shall determine.

Appears in 1 contract

Samples: Master Agreement (RMR Asia Pacific Real Estate Fund)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A “Dealer” will be a person who is: (a) a broker or dealer (as defined by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. U. S. bank, broker, dealer, or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the “1934 Act”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank”)), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine.

Appears in 1 contract

Samples: Master Agreement (Brookfield Global Listed Infrastructure Income Fund Inc.)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A “Dealer“ Dealer ” will be a person who is: (a) a broker or dealer (as defined by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. bank, broker, dealer, or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the 1934 ActAct ”), and such other Securities as from time to time may be sold by a “bank” (as defined in Section 3(a)(6) of the 1934 Act (a “Bank“ Bank ”)), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine.

Appears in 1 contract

Samples: Master Agreement (Guggenheim Equal Weight Enhanced Equity Income Fund)

Sales to Dealers. You authorize the Manager to sell to Dealers (as defined below) such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. A "Dealer" will be a person who is: (a) a broker or dealer (as defined by FINRA) actually engaged in the investment banking or securities business, and (i) a member in good standing of FINRA, or (ii) a non-U.S. bank, broker, dealer, or other institution not eligible for membership in FINRA that, in the case of either clause (a)(i) or (a)(ii), makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof, or (b) in the case of Offerings of Securities that are exempt securities under Section 3(a)(12) of the Securities Exchange Act of 1934 (the "1934 Act"), and such other Securities as from time to time may be sold by a "bank" (as defined in Section 3(a)(6) of the 1934 Act (a "Bank")), a Bank that is not a member of FINRA and that makes the representations and agreements applicable to such institutions contained in Section 10.5 hereof. If the price for any such sales by the Manager to Dealers exceeds an amount equal to the Offering Price less the Selling Concession set forth in the applicable AAU, the amount of such excess, if any, will be credited to the accounts of the Underwriters as the Manager will determine.

Appears in 1 contract

Samples: Master Agreement (First Trust MLP & Energy Income Fund)

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