You agree. (a) To purchase shares only from us or only from your customers. (b) To purchase shares from us only for the purpose of covering purchase orders already received or for your own bona fide investment. (c) That you will not purchase any shares from your customers at prices lower than the redemption or repurchase prices then quoted by the Fund. You shall, however, be permitted to sell shares for the account of their record owners to the Funds at the repurchase prices currently established for such shares and may charge the owner a fair commission for handing the transaction. (d) That you will not withhold placing customers' orders for shares so as to profit yourself as a result of such withholding. (e) That if any shares confirmed to you hereunder are redeemed or repurchased by any of the Funds within seven business days after such confirmation of your original order, you shall forthwith refund to us the full discount allowed to you on such sales. We shall notify you of such redemption or repurchase within ten days from the date of delivery of the request therefor or certificates to us or such Fund. Termination or cancellation of this Agreement shall not relieve you or us from the requirements of this subparagraph.
Appears in 26 contracts
Samples: Selected Dealer Agreement (Alliance Utility Income Fund Inc), Selected Dealer Agreement (Alliance Limited Maturity Government Fund Inc), Selected Dealer Agreement (Alliance Balanced Shares Inc)
You agree. (a) To purchase shares only from us or only from your customers.
(b) To purchase shares from us only for the purpose of covering purchase orders already received or for your own bona fide investment.
(c) That you will not purchase any shares from your customers at prices lower than the redemption or repurchase prices then quoted by the Fund. You shall, however, be permitted to sell shares for the account of their record owners to the Funds at the repurchase prices currently established for such shares and may charge the to owner a fair commission for handing handling the transaction.
(d) That you will not withhold placing customers' orders for shares so as to profit yourself as a result of such withholding.
(e) That if any shares confirmed to you hereunder are redeemed or repurchased by any of the Funds within seven business days after such confirmation of your original order, you shall forthwith forth with refund to us the full discount allowed to you on such sales. We shall notify you of such redemption or repurchase within ten days from the date of delivery of the request therefor or certificates to us or such Fundfund. Termination or cancellation of this Agreement shall not relieve you or us from the requirements of this subparagraph.
Appears in 10 contracts
Samples: Selected Dealer Agreement (Alliance All Asia Investment Fund Inc), Selected Dealer Agreement (Afd Exchange Reserves), Selected Dealer Agreement (Alliance Quasar Fund Inc)
You agree. (a) To purchase shares only from us or only from your customers.
(b) To purchase shares from us only for the purpose of covering purchase orders already received or for your own bona fide investment.
(c) That you will not purchase any shares from your customers at prices lower than the redemption or repurchase prices then quoted by the Fund. You shall, however, be permitted to sell shares for the account of their record owners to the Funds Fund at the repurchase prices currently established for such shares and may charge the owner a fair commission for handing handling the transaction.
(d) That you will not withhold placing customers' orders for shares so as to profit yourself as a result of such withholding.
(e) That if any shares confirmed to you hereunder are redeemed or repurchased by any of the Funds Fund within seven business days after such confirmation of your original order, you shall forthwith refund to us the full discount allowed reallowed to you on such sales. We shall forthwith pay to the Fund both our share of the sales charge on the original sale and the refund from you as herein provided. We shall notify you of such redemption or repurchase within ten (10) days from the date of delivery of the request therefor redemption or certificates to us or such Fundrepurchase. Termination or cancellation of this Agreement shall not relieve you or us from the requirements of this subparagraph.
Appears in 2 contracts
Samples: Sub Distribution Agreement (Forum Funds), Selected Dealer Agreement (Forum Funds Inc)
You agree. (a) To purchase shares only from us or only from your customers.
(b) To purchase shares from us only for the purpose of covering purchase orders already received or for your own bona fide investment.
(c) That you will not purchase any shares from your customers at prices lower than the redemption or repurchase prices then quoted by the Fund. You shall, however, be permitted to sell shares for the account of their record owners to the Funds at the repurchase prices currently established for such shares and may charge the owner a fair commission for handing handling the transaction.
(d) That you will not withhold placing customers' orders for shares so as to profit yourself as a result of such withholding.
(e) That if any shares confirmed to you hereunder are redeemed or repurchased by any of the Funds within seven business days after such confirmation of your original order, you shall forthwith refund to us the full discount discount, if any, allowed to you on such sales. We shall notify you of such redemption or repurchase within ten days from forthwith pay to the date of delivery appropriate Fund our share of the request therefor or certificates sales charge, if any, on the original sale, and shall also pay to us or such FundFund the refund from you as herein provided. Termination or cancellation of this Agreement shall not relieve you or us from the requirements of this subparagraph.
Appears in 1 contract
Samples: Selected Dealer Agreement (Prudential Intermediate Global Income Fund Inc)