The Distributor as Agent Sample Clauses
The "Distributor as Agent" clause defines the distributor's role as acting on behalf of the principal or supplier, rather than as an independent party. In practice, this means the distributor facilitates sales, negotiates contracts, or manages transactions in the name of the supplier, without taking ownership of the goods or services. This arrangement clarifies that the distributor does not assume the risks or benefits of ownership, ensuring that legal and financial responsibilities remain with the principal and preventing confusion over liability or authority in the business relationship.
The Distributor as Agent. The Distributor shall act as agent of each Trust on behalf of the Series in connection with the sale and repurchase of Shares. Except with respect to such sales and repurchases, the Distributor shall act as principal in all matters relating to the promotion of the sale of Shares of the Series and shall enter into all of its own engagements, agreements and contracts as principal on its own account. The Distributor may enter into agreements with registered dealers and financial institutions it may select for the performance of Distribution and Shareholder Services and may enter into agreements with dealers and other qualified entities to perform recordkeeping and sub-accounting services, as well as Shareholder Services, the form of such agreements to be as mutually agreed upon and approved by the applicable Trust and the Distributor.
The Distributor as Agent. The Distributor shall act as agent of the Trust in connection with the offering and sale of Shares. Except with respect to such sales, the Distributor shall act as principal in all matters relating to the promotion of the sale of Shares and shall enter into all of its own engagements, agreements and contracts as principal on its own account. The Distributor may enter into agreements with registered dealers and financial institutions it may select for the performance of distribution and shareholder services and may enter into agreements with dealers and other qualified entities to perform recordkeeping and sub-accounting services, as well as shareholder services, the form of such agreements to be as mutually agreed upon and approved by the Trust and the Distributor.