Underwriting Contract definition
Examples of Underwriting Contract in a sentence
This Agreement will automatically terminate in the event of its assignment or in the event that the Underwriting Contract is terminated.
The Fund hereby continues the grant to the Underwriter of authority, during the term of this Underwriting Contract, to sell for the Fund shares to be issued or sold by the Fund on orders for such shares placed with the Underwriter by investors, or by dealers with whom the Underwriter has sales agreements.
AND WHEREAS it appears convenient and expedient that the amendments made to the former Underwriting Contract be consolidated with the provisions of the former Underwriting Contract.
The Fund and the Underwriter mutually agree that, without prejudice to any liabilities or benefits incurred or accrued thereunder, the former Underwriting Contract shall be deemed to terminate, and this Underwriting Contract shall be deemed simultaneously to have effect, as of the date first above written.
AND WHEREAS the Underwriting Contract was amended successively by Agreements between the Fund and the Underwriter made, respectively, on the 18th day of March, 1965, the 23rd day of March, 1967, the 1st day of March, 1968, and the 20th day of January, 1970.
This Underwriting Contract shall continue for a period of two years from the date first above written, but shall continue thereafter only so long as such continuance is specifically approved at least annually by a majority of the Directors of the Fund who are not affiliated with the Underwriter or by the holders of a majority of the outstanding shares.
This Underwriting Contract shall automatically terminate in the event of its assignment by the Underwriter, the term "assignment" for this purpose, having the meaning defined in section 2 (a) (4) of the Investment Company Act of 1940.
AND WHEREAS it appears expedient that a further amendment be made to the former Underwriting Contract to reflect the provisions of Rule N-22C-1 made under the Investment Company Act of 1940.
This Underwriting Contract relates to the issue and sale of shares which are from time to time fully authorized and registered and available for sale by the Fund, including repurchased and treasury shares, if and to the extent that such shares may legally be sold, but if, and only if, the Board of Directors of the Fund sees fit to sell them.
The Fund hereby grants to the Underwriter the authority, during the term of this Underwriting Contract, to sell for the Fund shares to be issued or sold by the Fund on orders for such shares placed with the Underwriter by investors or by dealers with whom the Underwriter has sales agreements.