Common use of Undertaking Regarding Sales Clause in Contracts

Undertaking Regarding Sales. The Distributor shall use reasonable efforts to sell Portfolio shares but does not agree hereby to sell any specific number of Portfolio shares and shall be free to act as distributor of the shares of other investment companies. Portfolio shares will be sold by the Distributor only against orders therefor. The Distributor shall not purchase Portfolio shares from anyone except in accordance with Section 6 hereof and shall not take “long” or “short” positions in Portfolio shares contrary to the Declaration of Trust or By-laws of each of the Trusts. Portfolio shares shall be issued by the Trusts, after payment therefor has been credited to the account of such Portfolio.

Appears in 5 contracts

Samples: Distribution Agreement (Brighthouse Funds Trust II), Distribution Agreement (Brighthouse Funds Trust I), Distribution Agreement (Brighthouse Funds Trust II)

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Undertaking Regarding Sales. The Distributor shall use reasonable efforts to sell Portfolio shares but does not agree hereby to sell any specific number of Portfolio shares and shall be free to act as distributor of the shares of other investment companies. Portfolio shares will be sold by the Distributor only against orders therefor. The Distributor shall not purchase Portfolio shares from anyone except in accordance with Section 6 5 hereof and shall not take “long” or “short” positions in Portfolio shares contrary to the Declaration Articles of Trust Incorporation or By-laws of each of the TrustsFund. Portfolio shares shall be issued by the TrustsFund, after payment therefor has been credited to the account of such Portfolio.

Appears in 3 contracts

Samples: Distribution Agreement (Metropolitan Series Fund Inc), Distribution Agreement (Metropolitan Series Fund Inc), Distribution Agreement (Metropolitan Series Fund Inc)

Undertaking Regarding Sales. The Distributor shall use reasonable efforts to sell Portfolio shares but does not agree hereby to sell any specific number of Portfolio shares and shall be free to act as distributor of the shares of other investment companies. Portfolio shares will be sold by the Distributor only against orders therefor. The Distributor shall not purchase Portfolio shares from anyone except in accordance with Section 6 hereof and shall not take “long” or “short” positions in Portfolio shares contrary to the Declaration Articles of Trust Incorporation or By-laws of each of the TrustsFund. Portfolio shares shall be issued by the TrustsFund, after payment therefor has been credited to the account of such Portfolio.

Appears in 2 contracts

Samples: Distribution Agreement (Metropolitan Series Fund Inc), Distribution Agreement (Metropolitan Series Fund Inc)

Undertaking Regarding Sales. The Distributor shall use reasonable efforts to sell Portfolio shares but does not agree hereby to sell any specific number of Portfolio shares and shall be free to act as distributor of the shares of other investment companies. Portfolio shares will be sold by the Distributor only against orders therefor. The Distributor shall not purchase Portfolio shares from anyone except in accordance with Section 6 5 hereof and shall not take "long" or "short" positions in Portfolio shares contrary to the Declaration Articles of Trust Incorporation or By-laws of each of the TrustsFund. Portfolio shares shall be issued by the TrustsFund, after payment therefor has been credited to the account of such Portfolio.

Appears in 2 contracts

Samples: Distribution Agreement (Metropolitan Series Fund Inc), Distribution Agreement (Metropolitan Series Fund Inc)

Undertaking Regarding Sales. The Distributor shall use reasonable ___________________________ efforts to sell Portfolio shares but does not agree hereby to sell any specific number of Portfolio shares and shall be free to act as distributor of the shares of other investment companies. Portfolio shares will be sold by the Distributor only against orders therefor. The Distributor shall not purchase Portfolio shares from anyone except in accordance with Section 6 5 hereof and shall not take "long" or "short" positions in Portfolio shares contrary to the Declaration Articles of Trust Incorporation or By-laws of each of the TrustsFund. Portfolio shares shall be issued by the TrustsFund, after payment therefor has been credited to the account of such Portfolio.

Appears in 1 contract

Samples: Form of Distribution Agreement (Metropolitan Series Fund Inc)

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Undertaking Regarding Sales. The Distributor shall use reasonable --------------------------- efforts to sell Portfolio shares but does not agree hereby to sell any specific number of Portfolio shares and shall be free to act as distributor of the shares of other investment companies. Portfolio shares will be sold by the Distributor only against orders therefor. The Distributor shall not purchase Portfolio shares from anyone except in accordance with Section 6 5 hereof and shall not take "long" or "short" positions in Portfolio shares contrary to the Declaration Articles of Trust Incorporation or By-laws of each of the TrustsFund. Portfolio shares shall be issued by the TrustsFund, after payment therefor has been credited to the account of such Portfolio.

Appears in 1 contract

Samples: Distribution Agreement (Metropolitan Series Fund Inc)

Undertaking Regarding Sales. The Distributor shall use reasonable efforts --------------------------- to sell Portfolio shares but does not agree hereby to sell any specific number of Portfolio shares and shall be free to act as distributor of the shares of other investment companies. Portfolio shares will be sold by the Distributor only against orders therefor. The Distributor shall not purchase Portfolio shares from anyone except in accordance with Section 6 5 hereof and shall not take "long" or "short" positions in Portfolio shares contrary to the Declaration Articles of Trust Incorporation or By-laws of each of the TrustsFund. Portfolio shares shall be issued by the TrustsFund, after payment therefor has been credited to the account of such Portfolio.

Appears in 1 contract

Samples: Form of Distribution Agreement (Metropolitan Series Fund Inc)

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