Load Shares Sample Clauses

Load Shares. All Load Shares of each Fund offered for sale by LFDI shall be offered for sale to the public at a price per share (the "Offering Price") equal to (i) their net asset value (determined in the manner set forth in the Fund's Articles of Incorporation and the then current prospectus) plus (ii) except with respect to certain classes of persons and transactions set forth in the Fund's then current prospectus, a sales charge which shall be the percentage of the Offering Price of such Load Shares as set forth in the then current prospectus. The Offering Price, if not an exact multiple of one cent, shall be adjusted to the nearest cent. [LFDI will receive all sales charges.] Concessions by LFDI to dealers and other institutions shall be set forth in either the selling agreements between LFDI and such dealers and institutions as from time to time amended or, if such concessions are described in the then current prospectus, shall be as so set forth. No dealer or other institution who enters into a selling agreement with LFDI shall be authorized to act as agent for any Fund in connection with the offering or sale of the Load Shares to the public or otherwise.
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Load Shares 
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Related to Load Shares

  • Exchange Shares The Exchange Shares have been duly and validly authorized by all necessary action, and, when issued and delivered pursuant to this Agreement, such Exchange Shares will be duly and validly issued and fully paid and nonassessable, will not be issued in violation of any preemptive rights, and will not subject the holder thereof to personal liability.

  • Purchased Shares Subject to the terms and conditions provided below, Seller shall sell and transfer to Buyers and Buyers shall purchase from Seller, on the Closing Date (as defined in Section 1(c)), all of the Shares.

  • The Shares The Shares to be issued and sold by the Company hereunder have been duly authorized by the Company and, when issued and delivered and paid for as provided herein, will be duly and validly issued, will be fully paid and nonassessable and will conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus; and the issuance of the Shares is not subject to any preemptive or similar rights.

  • Parent Shares All of the Parent Shares issuable in accordance with this Agreement will be, when so issued, duly authorized, validly issued, fully paid and non-assessable and free and clear of any liens (other than those created under federal and state securities laws or the Voting Agreement) and not subject to preemptive or other similar rights of the stockholders of Parent.

  • Consideration Shares All Consideration Shares will, when issued in accordance with the terms of the Arrangement, be duly authorized, validly issued, fully paid and non-assessable Purchaser Shares.