Common use of Basis of Purchases and Sales of Shares Clause in Contracts

Basis of Purchases and Sales of Shares. The Distributor's obligation to sell shares hereunder shall be on a best efforts basis only and the Distributor shall not be obligated to sell any specific number of shares. Shares will be sold by the Distributor only against orders therefor. The Distributor will not purchase shares from anyone other than the Trust except in accordance with Section 5 hereof, and will not take "long" or "short" positions in shares contrary to any applicable provisions of the Agreement and Declaration of Trust of the Trust, as amended or restated from time to time.

Appears in 2 contracts

Samples: Barr Rosenberg Variable Insurance Trust, Barr Rosenberg Series Trust

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Basis of Purchases and Sales of Shares. The Distributor's obligation to sell shares hereunder shall be on a best efforts basis only and the Distributor shall not be obligated to sell any specific number of shares. Shares will be sold by the Distributor only against orders therefor. The Distributor will not purchase shares from anyone other than the Trust except in accordance with Section 5 8 hereof, and will not take "long" or "short" positions in shares contrary to any applicable provisions of the Agreement and Declaration of Trust of the Trust, as amended or restated from time to time.

Appears in 2 contracts

Samples: Distribution Contract (Pimco Funds Multi Manager Series), Pimco Funds Equity Advisors Series

Basis of Purchases and Sales of Shares. The Distributor's obligation to sell shares hereunder shall be on a best efforts basis only and the Distributor shall not be obligated to sell any specific number of shares. Shares will be sold by the Distributor only against orders therefor. The Distributor will not purchase shares from anyone other than the Trust except in accordance with Section 5 4 hereof, and will not take "long" or "short" positions in shares contrary to any applicable provisions of the Agreement and Declaration of Trust of the Trust, as amended or restated from time to time.

Appears in 1 contract

Samples: Barr Rosenberg Series Trust

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Basis of Purchases and Sales of Shares. The Distributor's obligation to sell shares hereunder shall be on a best efforts basis only and the Distributor shall not be obligated to sell any specific number of shares. Shares will be sold by the Distributor only against orders therefor. The Distributor will not purchase shares from anyone other than the Trust except in accordance with Section 5 8 hereof, and will not take "long" or "short" positions in shares contrary to any applicable provisions of the Agreement and Declaration of Trust of the Trust, as amended or restated from time to time.

Appears in 1 contract

Samples: Distribution Contract (Pimco Funds Multi Manager Series)

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