Common use of Transmission of Sales Orders Clause in Contracts

Transmission of Sales Orders. The Distributor shall transmit any order received by it for the purchase of Shares to the Transfer Agent. Any order may be rejected by the Transfer Agent, upon instructions from the Corporation; provided, however that the Corporation will not arbitrarily or without reasonable cause refuse to accept orders for the purchase of Shares. The Corporation will cause the Transfer Agent to confirm orders for Shares upon their receipt and make appropriate book entries therefor pursuant to the instructions of the Distributor. The Distributor shall cause payment for Shares and instructions as to book entries to be delivered promptly to the Transfer Agent. With respect to Shares sold by any Selected Dealer, the Distributor is authorized to direct the Transfer Agent to receive instructions directly from the Selected Dealer on behalf of the Distributor as to the registration of Shares in the names of investors and to confirm the issuance of such Shares to such investors. The Distributor is also authorized to instruct the Transfer Agent to receive payment directly from a Selected Dealer on behalf of the Distributor for the purchase price of the Shares. In such event, the Transfer Agent will obtain from the Selected Dealer and maintain a record of such registration and payments.

Transmission of Sales Orders. The Distributor shall transmit any order received by it for the purchase of Shares to the Transfer Agent. Any order may be rejected by the Transfer Agent, upon instructions from the CorporationTrust; provided, however however, that the Corporation Trust will not arbitrarily or without reasonable cause refuse to accept orders for the purchase of Shares. The Corporation Trust will cause the Transfer Agent to confirm orders for Shares upon their receipt and make appropriate book entries therefor pursuant to the instructions of the Distributor. The Distributor shall cause payment for Shares and instructions as to book entries to be delivered promptly to the Transfer Agent. With respect to Shares sold by any Selected Dealer, the Distributor is authorized to direct the Transfer Agent to receive instructions directly from the Selected Dealer on behalf of the Distributor as to the registration of Shares in the names of investors and to confirm the issuance of such Shares to such investors. The Distributor is also authorized to instruct the Transfer Agent to receive payment directly from a Selected Dealer on behalf of the Distributor for the purchase price of the Shares. In such event, the Transfer Agent will obtain from the Selected Dealer and maintain a record of such registration and payments.

Transmission of Sales Orders. The Distributor shall transmit any order received by it for the purchase of Shares to the Transfer Agent. Any order may be rejected by the Transfer Agent, upon instructions from the Corporation; provided, however that the Corporation will not arbitrarily or without reasonable cause refuse to accept orders for the purchase of Shares. The Corporation will cause the Transfer Agent to confirm orders for Shares upon their receipt and make appropriate book entries therefor pursuant to the instructions of the Distributor. The Distributor shall cause payment for Shares and instructions as to book entries to be delivered promptly to the Transfer Agent. With respect to Shares sold by any Selected Dealer, the Distributor is authorized to direct the Transfer Agent to receive instructions directly from the Selected Dealer on behalf of the Distributor as to the registration of Shares in the names of investors and to confirm the issuance of such Shares to such investors. The Distributor is also authorized to instruct the Transfer Agent to receive payment directly from a Selected Dealer on behalf of the Distributor for the purchase price of the Shares. In such event, the Transfer Agent will Distributor shall obtain from the Selected Dealer and maintain a record of such registration and payments.