Common use of Undertaking Regarding Sales Clause in Contracts

Undertaking Regarding Sales. The Distributor shall use reasonable efforts to sell Fund shares but does not agree hereby to sell any specific number of Fund shares and shall be free to act as distributor of the shares of other investment companies. Fund shares will be sold by the Distributor only against orders therefor. The Distributor shall not purchase Fund shares from anyone except in accordance with Sections 2 and 5 and shall not take “long” or “short” positions in Fund shares contrary to the agreement and declaration of trust or by-laws of the Trust.

Appears in 3 contracts

Samples: Distribution Agreement (Gateway Trust), Distribution Agreement (Gateway Trust), Distribution Agreement (Gateway Trust)

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Undertaking Regarding Sales. The Distributor shall use reasonable efforts to sell Fund shares but does not agree hereby to sell any specific number of Fund shares and shall be free to act as distributor of the shares of other investment companies. Fund shares will be sold by the Distributor only against orders therefor. The Distributor shall not purchase Fund shares from anyone except in accordance with Sections 2 and 5 and shall not take "long" or "short" positions in Fund shares contrary to the agreement and declaration of trust or by-laws of the Trust.

Appears in 2 contracts

Samples: Distribution Agreement (Gateway Trust), Distribution Agreement (Gateway Trust)

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Undertaking Regarding Sales. The Distributor shall use reasonable efforts to sell Fund shares Shares but does not agree hereby to sell any specific number of Fund shares Shares and shall be free to act as distributor of the shares of other investment companies. Fund shares Shares will be sold by the Distributor only against orders therefortherefore. The Distributor shall not purchase Fund shares Shares from anyone except in accordance with Sections 2 and 5 6 and shall not take "long" or "short" positions in Fund shares Shares contrary to the agreement Agreement, articles of incorporation and declaration of trust or by-laws of the TrustFund.

Appears in 1 contract

Samples: Distribution Agreement (Delafield Fund Inc)

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