Common use of Share Qualification Clause in Contracts

Share Qualification. The Trust agrees to take or cause to be taken all requisite steps to qualify the Shares for sale in all states in which the Shares shall at the time be offered for sale and require qualification. If the Trust receives notice of any stop order or other proceeding in any such state affecting such qualification or the sale of Shares, or of any stop order or other proceeding under the federal securities laws affecting the sale of Shares, the Trust will give prompt notice thereof to UMBFS.

Appears in 39 contracts

Samples: Transfer Agency Agreement (Fpa Funds Trust), Transfer Agency Agreement (Vericimetry Funds), Transfer Agency Agreement (Bragg Capital Trust)

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Share Qualification. The Trust agrees to take or cause to be taken all requisite steps to qualify the Shares for sale in all states in which the Shares shall at the time be offered for sale and require qualification. If the Trust receives notice of any stop order or other proceeding in any such state affecting such qualification or the sale of Shares, or of any stop order or other proceeding under the federal securities laws affecting the sale of Shares, the Trust will give prompt notice thereof to UMBFSSEI.

Appears in 2 contracts

Samples: Transfer Agency Agreement (Community Reinvestment Act Qualified Investment Fund), Transfer Agency Agreement (Community Reinvestment Act Qualified Investment Fund)

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Share Qualification. The Trust agrees to take or cause to be taken all requisite steps to qualify the Shares for sale in all states in which the Shares shall at the time be offered for sale and require qualification. If the Trust receives notice of any stop order or other proceeding in any such state affecting such qualification or the sale of Shares, or of any stop order or other proceeding under the federal securities laws affecting the sale of Shares, the Trust will give prompt notice thereof to UMBFSSunstone.

Appears in 1 contract

Samples: Transfer Agency Agreement (Professionally Managed Portfolios)

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