Sale and Payment Clause Samples
The Sale and Payment clause defines the terms under which goods or services are sold and the corresponding payment obligations of the buyer. It typically outlines the purchase price, payment schedule, acceptable payment methods, and any conditions for invoicing or late payments. By clearly specifying these details, the clause ensures both parties understand their financial responsibilities, reducing the risk of disputes over payment and facilitating smooth commercial transactions.
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Sale and Payment. 3.1 Shares of a Fund may be subject to a sales load and may be subject to the imposition of a distribution fee pursuant to the Distribution Plans referred to above. To the extent that Shares of a Fund are sold at an offering price which includes a sales load or subject to a contingent deferred sales load with respect to certain redemptions (either within a single class of Shares or pursuant to two or more classes of Shares), such Shares shall hereinafter be referred to collectively as “Load Shares” (and in the case of Shares that are sold with a front-end sales load, “Front-End Load Shares”, or Shares that are sold subject to a contingent deferred sales load, “CDSL Shares”). Funds that issue Front-End Load Shares shall hereinafter be referred to collectively as “Front-End Load Funds.” Funds that issue CDSL Shares shall hereinafter be referred to collectively as “CDSL Funds.” Front-End Load Funds and CDSL Funds may individually or collectively be referred as “Load Funds.” Under this Agreement, the following provisions shall apply with respect to the sale of, and payment for, Load Shares.
3.2 The Distributor shall have the right to offer Load Shares at their net asset value and to sell such Load Shares to the public against orders therefore at the applicable public offering price, as defined in Section 4 hereof. The Distributor shall also have the right to sell Load Shares to dealers against orders therefore at the public offering price less a concession determined by the Distributor, which concession shall not exceed the amount of the sales charge or underwriting discount, if any, referred to in Section 4 below.
3.3 Prior to the time of delivery of any Load Shares by a Load Fund to, or on the order of, the Distributor, the Distributor shall pay or cause to be paid to the Load Fund or to its order an amount in New York cleared funds equal to the applicable net asset value of such Shares. The Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers.
Sale and Payment. 3.1 Interests of the Fund may be subject to a sales load and may be subject to the imposition of a sales load. To the extent that Interests of the Fund are sold at an offering price which includes a sales load or are subject to a front-end sales load in accordance with the Prospectus, such Interests shall hereinafter be referred to collectively as “Load Interests.” If the Fund issues Load Interests, it shall be referred to as a “Load Fund.” Under this Agreement, the following provisions shall apply with respect to the sale of, and payment for, Load Interests.
3.2 The Distributor shall have the right to offer Load Interests at their net asset value and to sell such Load Interests to the public against orders therefor at the applicable public offering price, as defined in Section 4 hereof. The Distributor shall also have the right to sell Load Interests to dealers against orders therefor at the public offering price less a concession determined by the Distributor, which concession shall not exceed the amount of the sales load or underwriting discount, if any, referred to in Section 4 below.
3.3 Prior to the time of delivery of any Load Interests by a Load Fund to, or on the order of, the Distributor, the Distributor shall pay or cause to be paid to the Load Fund or to its order an amount in same-day funds equal to the applicable net asset value of such Interests. The Distributor may retain so much of any sales load or underwriting discount as is not allowed by the Distributor as a concession to dealers.
Sale and Payment. Under this agreement, the following provisions shall apply with respect to the sale of and payment for Series shares:
(a) The Distributor shall have the right, as principal, to purchase Series shares from the Trust at their net asset value and to sell such shares to the public against orders therefor at the applicable public offering price, as defined in Section 4 hereof. The Distributor shall also have the right, as principal, to sell shares to dealers against orders therefor at the public offering price less a concession determined by the Distributor.
(b) Prior to the time of delivery of any shares by the Trust to, or on the order of, the Distributor, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in Boston or New York clearing house funds equal to the applicable net asset value of such shares. The Distributor shall retain so much of any sales charge or underwriting discount as is not allowed by it as a concession to dealers.
Sale and Payment. Shares of a Fund may be subject to a sales load and may be subject to the imposition of a distribution fee pursuant to the Distribution and Shareholder Service Plan referred to above. To the extent that Shares of a Fund are sold at an offering price which includes a sales load or at net asset value subject to a contingent deferred sales load with respect to certain redemptions (either within a single class of Shares or pursuant to two or more classes of Shares), such Shares shall hereinafter be referred to collectively as "Load Shares" (in the case of Shares that are sold with a front-end sales load or Shares that are sold subject to a contingent deferred sales load), "
Sale and Payment. Under this Agreement, the following provisions shall apply with respect to the sale of and payment of Shares of a Fund sold at an offering price which includes a sales load (collectively, the "Load Shares;" individually, a "Load Share") as described in the prospectuses of any Funds identified on Schedule B hereto (collectively, the "Load Funds"; individually, a "Load Fund"):
(a) Distributor shall have the right, as principal, to purchase Load Shares at their net asset value and to sell such Load Shares to the public against orders therefor at the applicable public offering price, as defined in Section 4 hereof. Distributor shall also have the right, as principal, to sell Load Shares to dealers against orders therefor at the public offering price less a concession determined by Distributor, which concession shall not exceed the amount of the sales charge or underwriting discount, if any, referred to in Section 3 below.
(b) Prior to the time of delivery of any Load Shares by a Load Fund to, or on the order of, Distributor, Distributor shall pay or cause to be paid to the Load Fund or to its order an amount in Boston or New York clearing house funds equal to the applicable net asset value of such Shares. Distributor may retain so much of any sales charge or underwriting discount as is not allowed by Distributor as a concession to dealers.
Sale and Payment. (a) Distributor shall, as agent for the Trust, sell Shares of the Funds to the public and to dealers against orders therefor at their net asset value.
(b) Prior to the time of delivery of any Shares by a Fund to, or on the order of, Distributor, Distributor shall pay or cause to be paid to the Fund or to its order an amount in federal funds equal to the applicable net asset value of such Shares.
Sale and Payment. Under this agreement, the following provisions shall apply with respect to the sale and payment for the Trusts’ shares:
(a) The Distributor shall have the right, as principal, to purchase Trusts’ shares from the Trusts at their net asset value and to sell such shares to the public against orders therefor at the applicable public offering price, as defined in Section 4 hereof. The Distributor shall also have the right, as principal, to sell shares to dealers against orders therefor at the public offering price less a concession determined by the Distributor. The Distributor shall furnish to the Trusts, at least quarterly, reports as to the sales of Class A, Class B, Class C, or Class E shares with respect to BHF I Portfolios and of Class A, Class B, Class D, Class E, Class F, or Class G shares with respect to BHF II, made pursuant to this agreement. These reports may be combined with any similar report prepared by the Distributor or other entity.
(b) Prior to the time of delivery of any shares by the Trusts to, or on the order of, the Distributor, the Distributor shall pay or cause to be paid to the Trusts or to their order an amount in Boston or New York clearing house funds equal to the applicable net asset value of such shares. The Distributor shall retain so much of any sales charge or underwriting discount as is allowed by it as a concession to dealers.
Sale and Payment. Under this agreement, the following provisions shall apply with respect to the sale of and payment for Series shares:
(a) The Distributor shall have the right, as principal, to purchase Series shares from the Trust at their net asset value and to sell such shares to the public against orders therefor and to dealers against orders therefor, all at net asset value per share in accordance with the provisions of the Trust's agreement and declaration of trust, and by-laws and the current prospectus of the Trust relating to the Series shares. No commission or other compensation for selling or obtaining subscriptions for Series shares shall be paid by the Trust or charged as a part of the subscription or selling price on any sale or subscription.
(b) Prior to the time of delivery of any shares by the Trust to, or on the order of, the Distributor, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in Boston or New York clearing house funds equal to the applicable net asset value of such shares. The Distributor shall retain so much of any sales charge or underwriting discount as is not allowed by it as a concession to dealers.
Sale and Payment. Seller agrees to sell ________ share(s) of the milking dairy cow herd to Buyer at a onetime price of $15 per share. Buyer may transfer or sell their share of the herd by giving Seller 30 day’s written notice of his/her intent to sell his/her share(s). If sold the money for the initial purchase of the herd share will be returned to the buyer when a new buyer has bought into Triple D Ranch and Dairy Herd. Seller retains ownership of all offspring from the milking dairy herd.
Sale and Payment. Under this agreement, the following provisions shall apply with respect to the sale of and payment for Series shares:
(a) The Distributor shall have the right, as principal, to purchase Series shares from the Trust at their net asset value and to sell such shares to the public against orders therefor at such net asset value.
(b) Prior to the time of delivery of any shares by the Trust to, or on the order of, the Distributor, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in Boston or New York clearing house funds equal to the applicable net asset value of such shares.