Common use of Qualification to Act Clause in Contracts

Qualification to Act. You represent that you are a member in good standing of the National Association of Securities Dealers, Inc. You agree that you will not offer Shares to persons in any jurisdiction in which you may not lawfully make such offer due to the fact that you are not registered under, or are not exempt from, the applicable registration or licensing requirements of such jurisdiction.

Appears in 1 contract

Sources: Sales Agreement (Gam Funds Inc)

Qualification to Act. You represent that you are a member in good standing of the National Association of Securities Dealers, Inc. You agree that you will not offer Flag Investors Shares to persons in any jurisdiction in which you may not lawfully make ask such offer due to the fact that you are have not registered under, or are not exempt from, the applicable registration or licensing requirements of such jurisdiction.

Appears in 1 contract

Sources: Participating Dealer Agreement (Total Return U S Treasury Fund Inc)