Purchase of Shares from Sample Clauses

The 'Purchase of Shares from' clause defines the terms under which one party acquires shares from another party in a transaction. It typically outlines the number and class of shares being purchased, the purchase price, and the process for transferring ownership, such as payment methods and closing procedures. This clause ensures that both parties clearly understand their obligations and the mechanics of the share transfer, thereby reducing the risk of disputes and facilitating a smooth transaction.
Purchase of Shares from the Trust and Compensation of ----------------------------------------------------- Distributor. ----------- (a) Upon the initial effective date of the Registration Statement, the Trust will commence a continuous offering of Shares. During the continuous offering, the Distributor shall offer and solicit offers to subscribe to the purchase of Shares from investors. (b) The Distributor shall not be paid any compensation by the Trust pursuant to this Agreement, however, the Trust may pay such compensation and make other payments to the Distributor as may be permitted by a separate Plan of Distribution and Related Agreement adopted by the Trust pursuant to Rule 12b-1 under the 1940 Act. The Distributor may pay such concessions or reallowances to dealers as the Distributor, in its discretion, may from time to time determine. The Trust and the Distributor agree, however, that no concessions or reallowances shall be paid except in compliance with applicable laws and regulations, including the rules of the National Association of Securities Dealers, Inc. (the "NASD"). (c) The public offering price of Shares, i.e., the price per share at which the Distributor or Dealers (as hereinafter defined) may sell Shares to the public, shall be the net asset value of the Shares. If the public offering price does not equal an even cent, the public offering price may be adjusted to the nearest cent. All payments to the Trust hereunder shall be made in the manner set forth in Section 3(g). (d) The net asset value of Shares shall be determined by the Trust or an agent appointed by the Trust, on such days, and at such times and in such manner, as is set forth in the Prospectus and the SAI and in guidelines that may be established by the Board of Trustees of the Trust. (e) The Trust shall have the right to suspend the sale of Shares at times when redemption is suspended pursuant to the conditions set forth in Section 4(c) hereof. The Trust shall also have the right to suspend the sale of Shares if trading on the New York Stock Exchange shall have been suspended, if a banking moratorium shall have been declared by Federal or New York authorities, or if there shall have been some other extraordinary event or if conditions exist, which, in the sole judgment of the Trust, makes it impracticable or inadvisable to sell Shares. (f) The Trust, or any agent of the Trust designated in writing by the Trust, shall be promptly advised of all purchase orders for Shares received by the Distributo...
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Related to Purchase of Shares from

  • Purchase of Shares For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the shares (the “Original Certificate”), or effect such delivery in book-entry form.

  • Purchase of Shares from the Fund (a) The Underwriter shall have the right to buy from the Fund the shares needed to fill unconditional orders for shares of the Fund placed with the Underwriter by investors or securities dealers, depository institutions or other financial intermediaries acting as agent for their customers. The price which the Underwriter shall pay for the shares so purchased from the Fund shall be the net asset value, determined as set forth in Section 3(d) hereof, used in determining the public offering price on which such orders are based. (b) The shares are to be resold by the Underwriter to investors at a public offering price, as set forth in Section 3(c) hereof, or to securities dealers, depository institutions or other financial intermediaries acting as agent for their customers having agreements with the Underwriter upon the terms and conditions set forth in Section 8 hereof. (c) The public offering price of the shares, i.e., the price per share at which the Underwriter or selected dealers or selected agents (each as defined in Section 8(a) below) may sell shares to the public, shall be the public offering price determined in accordance with the then current Prospectus and Statement of Additional Information of the Fund (the "Prospectus" and "Statement of Additional Information," respectively) under the Securities Act of 1933, as amended (the "Securities Act"), relating to such shares, but not to exceed the net asset value at which the Underwriter is to purchase such shares, plus, in the case of Class A shares, a front-end sales charge equal to a specified percentage or percentages of the public offering price of the Class A shares as set forth in the Prospectus. Class A shares may be sold without such a sales charge to certain classes of persons as from time to time set forth in the Prospectus and Statement of Additional Information. All payments to the Fund hereunder shall be made in the manner set forth in Section 3(f) hereof. (d) The net asset value of shares of the Fund shall be determined by the Fund, or any agent of the Fund, as of the close of regular trading on the New York Stock Exchange on each Fund business day in accordance with the method set forth in the Prospectus and Statement of Additional Information and guidelines established by the Directors of the Fund. (e) The Fund reserves the right to suspend the offering of its shares at any time in the absolute discretion of its Directors. (f) The Fund, or any agent of the Fund designated in writing to the Underwriter by the Fund, shall be promptly advised by the Underwriter of all purchase orders for shares received by the Underwriter. Any order may be rejected by the Fund; provided, however, that the Fund will not arbitrarily or without reasonable cause refuse to accept or confirm orders for the purchase of shares. The Fund (or its agent) will confirm orders upon their receipt, will make appropriate book entries and upon receipt by the Fund (or its agent) of payment thereof, will deliver deposit receipts or certificates for such shares pursuant to the instructions of the Underwriter. Payment shall be made to the Fund in New York Clearing House funds. The Underwriter agrees to cause such payment and such instructions to be delivered promptly to the Fund (or its agent).

  • Repurchase of Shares If any share is repurchased by any of the Funds or is tendered thereto for redemption within seven business days after confirmation by us of the original purchase order from you for such security, you shall forthwith refund to us the full compensation paid to you on the original sale.

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • Purchase of Stock 2 Section 1.1