Services Provided by Distributor Sample Clauses
Services Provided by Distributor. The Distributor shall promote the sale and/or continued holding of each series of the Shares directly and through non-affiliated broker-dealers, investment advisers and others.
Services Provided by Distributor a. In carrying out its responsibilities under this Agreement, Distributor shall execute Authorized Participant Agreements with registered broker-dealers and other eligible entities to act as Authorized Participants, and provide for the purchase of Creation Units of the Funds by such Authorized Participants. The Authorized Participant Agreement shall be in substantially the form approved by the Board with such non-material edits as may be approved by counsel to Distributor and the Funds.
b. The parties understand and agree that Distributor will receive orders for the purchase of Creation Units (“Purchase Orders”) and orders to redeem Creation Units (“Redemption Orders”) from Authorized Participants through the Fund’s transfer agent, and that once an order is submitted by an Authorized Participant to the Fund’s transfer agent it becomes irrevocable by the Authorized Participant. Distributor will review all such Purchase Orders and Redemption Orders to confirm that they are in proper form, including that the appropriate basket type has been used by the Authorized Participant. Distributor will approve each Purchase Order or Redemption Order deemed to be in proper form, causing instructions for the in-kind delivery of securities to the Fund and Fund shares to the Authorized Participant (in connection with a Purchase Order) or the in-kind delivery of securities to the Authorized Participant and Fund shares to the Fund (in connection with a Redemption Order) to be provided to the transfer agent and the Fund’s custodian. Sales of Creation Units shall be deemed to be made when and where accepted by the transfer agent on the books and records of the Fund.
c. Distributor shall approve and submit only such orders for the purchase of Creation Units by Authorized Participants only to the extent purchase orders are actually received from Authorized Participants, and not in excess of such orders, and shall not avail itself of any opportunity for making a profit by expediting or withholding orders. Distributor may reject Purchase Orders or Redemption Orders on behalf of the Trust or any Fund where, among other circumstances, in the judgment of Distributor such order is not in proper form. In the event that a Purchaser Order or Redemption Order is rejected by Distributor, Distributor will communicate with the Authorized Participant regarding such rejection.
d. All sales literature and advertisements used by the Distributor in connection with sales of Shares shall be subject...
Services Provided by Distributor. The Distri butor shall seek to promote the sale and/or continued holding of each series of the Shares directly and through non- affiliated broker-dealers, investment advisers and others.
Services Provided by Distributor