Acceptance or Rejection of Orders Clause Samples
Acceptance or Rejection of Orders. The Distributor shall have the right to accept or reject orders for the purchase of shares of the Fund. Any consideration received in connection with a rejected purchase order will be returned promptly. The Distributor agrees to promptly issue confirmations of all accepted purchase orders and to transmit a copy of such confirmations to the Fund, or, if so directed, to any duly appointed transfer or shareholder servicing agent of the Fund. The net asset value of all shares that are the subject of such confirmations, computed in accordance with the applicable rules under the Investment Company Act of 1940, shall be a liability of the Distributor to the Fund to be paid promptly after receipt of payment from the originating dealer and not later than eleven business days after such confirmation even if the Distributor has not actually received payment from the originating dealer. If the originating dealer should fail to make timely settlement of its purchase order in accordance with the rules of the National Association of Securities Dealers, Inc., the Distributor shall have the right to cancel such purchase order and, at the Distributor's account and risk, to hold responsible the originating dealer. The Distributor agrees to promptly reimburse the Fund for any amount by which the Fund's losses attributable to any such cancellation, or to errors on the part of the Distributor in relation to the effective date of accepted purchase orders, exceed contemporaneous gains realized by the Fund for either of such reasons in respect to other purchase orders. The Fund shall register or cause to be registered all shares sold by the Distributor pursuant to the provisions hereof in such name or names and amounts as the Distributor may request from time to time. All shares of the Fund, when so issued and paid for, shall be fully paid and non-assessable.
Acceptance or Rejection of Orders. CTRX shall accept orders for shipment to addresses in the European Union and Switzerland that include the information required by -------------------------------------------------------------------------------- STRICTLY CONFIDENTIAL STRATEGIC ALLIANCE AGREEMENT AND EXCLUSIVE DISTRIBUTION AGREEMENT 5 --------------------------------------------------------------------------------
Acceptance or Rejection of Orders. CTRX shall accept orders for shipment to addresses in the Latin American Union and Switzerland that include the information required by Section (g) above and for which the related Product is available; provided that such orders to be shipped by courier are shipped on the customer's shipping account. CTRX reserves the right to reject all other orders.
Acceptance or Rejection of Orders. Acceptance is subject to Lynkwell's evaluation of the order's terms, credit approval, and availability of Products. Lynkwell reserves the right to request additional information or documentation before acceptance. Lynkwell reserves the right to reject any purchase order that does not meet its terms and conditions or that it deems unacceptable for any reason.
Acceptance or Rejection of Orders. Manufacturer agrees to promptly notify ▇▇▇▇▇▇ Group of its decision to accept or reject any orders placed by customers via the internet.
Acceptance or Rejection of Orders. All contracts, enrollments, and potential customers recommended to MIDCOM by Dealer for enrollment must be approved and authorized by a representative of MIDCOM. MIDCOM may, in the reasonable exercise of its discretion, reject orders placed by Dealer on the grounds that the Customer is not creditworthy or for any other appropriate grounds. If an order is rejected by the LEC or the underlying carrier because it is incomplete, it shall be Dealer's responsibility, and not the responsibility of MIDCOM, to obtain all necessary information from the Customer to complete the order. MIDCOM will provide Dealer with a status on orders forwarded to the LEC or underlying carrier.
Acceptance or Rejection of Orders. All Orders for the Products by Distributor shall be subject to acceptance by Company and shall not be binding until the earlier of such acceptance or shipment, and, in the case of acceptance by shipment, only as to the portion of the Order actually shipped. Company shall use its reasonable best efforts in completing any open portion of a partial shipment of an Order. Company shall have 3 days from the date of receipt of an Order to accept or to reject such Order. Company has the right to refus to accept, for any reason, any Order placed by Distributor.