Common use of Transactions in Fund Shares Clause in Contracts

Transactions in Fund Shares. With respect to all orders you place for the purchase of Fund Shares, unless otherwise agreed, settlement shall be made with the Company within three (3) business days after acceptance of the order. If payment is not so received or made, the transaction may be cancelled. In this event or in the event that you cancel the trade for any reason, you agree to be responsible for any loss resulting to the Funds or to us from your failure to make payments as aforesaid. You shall not be entitled to any gains generated thereby. You also agree that, if any Shares sold under this Agreement are redeemed by a Fund or are tendered for redemption within seven business days after the date of confirmation of the initial purchase of such Shares, you shall forfeit and repay any fees paid with respect thereto. You understand that no conditional orders will be accepted by a Fund or its agent. You also assume responsibility for any loss to a Fund caused by any order placed by you on an “as-of” basis subsequent to the trade date for the order, and will immediately pay such loss to the Fund upon notification or demand. Such orders shall be acceptable only as permitted by the Company and shall be subject to the Company’s policies pertaining thereto, which may include receipt of an executed Letter of Indemnity in a form acceptable to the Fund and /or to us prior to the Company’s acceptance of any such order.

Transactions in Fund Shares. With respect to all orders you place for the purchase of Fund Shares, unless otherwise agreed, settlement shall be made with the Company Fund within three (3) business days after acceptance of the order. If payment is not so received or made, the transaction may be cancelled. In this event or in the event that you cancel the trade for any reason, you agree to be responsible for any loss resulting to the Funds Fund or to us from your failure to make payments as aforesaid. You shall not be entitled to any gains generated thereby. You also agree that, if any Shares sold under this Agreement are redeemed by a Fund or are tendered for redemption within seven business days after the date of confirmation of the initial purchase of such Shares, you shall forfeit and repay any fees paid with respect thereto. You understand that no conditional orders will be accepted by a Fund or its agent. You also assume responsibility for any loss to a the Fund caused by any order placed by you on an “as-of” basis subsequent to the trade date for the order, and will immediately pay such loss to the Fund upon notification or demand. Such orders shall be acceptable only as permitted by the Company Fund and shall be subject to the CompanyFund’s policies pertaining thereto, which may include receipt of an executed Letter letter of Indemnity indemnity in a form acceptable to the Fund and /or to us prior to the CompanyFund’s acceptance of any such order. Notwithstanding the foregoing, the procedures relating to the handling of orders shall be subject to the terms of this agreement, the Prospectus and instructions that the Fund or its designated agent shall forward to you from time to time. Additionally, you acknowledge that the Fund may elect to offer and sell Shares on a delayed or continuous basis in reliance on Rule 415 under the Securities Act of 1933 and that the terms and conditions of the agreement shall be applicable to any such delayed or continuous offering of Shares.

Transactions in Fund Shares. We shall not accept from you any conditional orders for the Shares. With respect to all orders you place for the purchase of Fund Shares, unless otherwise agreed, settlement shall be made with the Company within three (3) business days after acceptance of the order. If payment is not so received or made, the transaction may be cancelled. In this event or in the event that you cancel the trade for any reason, you agree to be responsible for any loss resulting to the Funds or to us from your failure to make payments as aforesaid. You shall not be entitled to any gains generated thereby. You also agree that, if any Shares sold under this Agreement are redeemed by a Fund or are tendered for redemption within seven business days after the date of confirmation of the initial purchase of such Shares, you shall forfeit and repay any fees paid with respect thereto. You understand that no conditional orders will be accepted by a Fund or its agent. You also assume responsibility for any loss to a Fund caused by any order placed by you on an “"as-of” " basis subsequent to the trade date for the order, and will immediately pay such loss to the Fund upon notification or demand. Such orders shall be acceptable only as permitted by the Company and shall be subject to the Company’s 's policies pertaining thereto, which may include receipt of an executed Letter of Indemnity in a form acceptable to the Fund and /or to us prior to the Company’s 's acceptance of any such order. Any order by you for the purchase of Shares of the Funds through us shall be executed pursuant to the terms and conditions specified in the Prospectus of each Fund for which an order is made unless rejected by us or that Fund. In addition to the right to reject any order, each Fund has reserved the right to withhold Shares from sale temporarily or permanently.