Common use of Solicitation of Sales Clause in Contracts

Solicitation of Sales. In consideration of these rights granted to Distributors, Distributors agrees to use all reasonable efforts, consistent with its other business, to secure purchasers for shares of the Issuer. This shall not prevent Distributors from entering into like arrangements (including arrangements involving the payment of underwriting commissions) with other issuers. This does not obligate Distributors to register as a broker or dealer under the Blue Sky Laws of any jurisdiction in which it is not now registered or to maintain its registration in any jurisdiction in which it is now registered. The Distributor will not direct remuneration from commissions paid by the Issuer for portfolio securities transactions to a broker or dealer for promoting or selling fund shares.

Appears in 57 contracts

Samples: General Distribution Agreement (Fidelity Merrimack Street Trust), General Distribution Agreement (Fidelity Merrimack Street Trust), General Distribution Agreement (Fidelity Merrimack Street Trust)

AutoNDA by SimpleDocs

Solicitation of Sales. In consideration of these rights granted to Distributors, Distributors agrees to use all reasonable efforts, consistent with its other business, to secure purchasers for shares of the Issuer. This shall not prevent Distributors from entering into like arrangements (including arrangements involving the payment of underwriting commissions) with other issuersIssuers. This does not obligate Distributors to register as a broker or dealer under the Blue Sky Laws of any jurisdiction in which it is not now registered or to maintain its registration in any jurisdiction in which it is now registered. The Distributor will not direct remuneration from commissions paid by the Issuer for portfolio securities transactions to a broker or dealer for promoting or selling fund shares.

Appears in 49 contracts

Samples: General Distribution Agreement (Fidelity Ethereum Fund), General Distribution Agreement (Fidelity Greenwood Street Trust), General Distribution Agreement (Fidelity Greenwood Street Trust)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.