Orders for Shares Clause Examples for Any Agreement

The "Orders for Shares" clause defines the process by which parties may submit requests to purchase shares in a company. Typically, it outlines the procedures for placing orders, any requirements or conditions that must be met, and the manner in which such orders are accepted or rejected by the company. For example, it may specify deadlines for submitting orders, required documentation, or payment terms. The core function of this clause is to establish a clear and orderly method for handling share purchase requests, thereby reducing confusion and ensuring that all parties understand the steps involved in acquiring shares.
Orders for Shares. Orders received from you for Shares of a Fund will be accepted by us only at the public offering price applicable to each order, as set forth in the relevant Prospectus and Statement. All orders by you for a Fund's Shares will be held through the Accounts with the Fund, and you agree to make available to the Funds on a monthly basis records necessary to determine the number of Plans or Customers in each Account (indicating the number of new Customer accounts opened during the month, as well as the number of ongoing Customer accounts) and, if requested by us, the times of receipt of Customer orders. You agree to use your best efforts to assist us in identifying "market timers" or investors who engage in a pattern of short-term trading. On each day on which a Fund calculates its net asset value (a "Business Day"), you shall aggregate and calculate the net purchase and redemption orders for each Account. Net orders shall only reflect Customer orders that you have received prior to the close of regular trading on the New York Stock Exchange, Inc. (the "NYSE") (currently 4:00 p.m., Eastern time) on that Business Day. Orders that you have received after the close of regular trading on the NYSE shall be treated as though received on the next Business Day. Each communication of orders by you shall constitute a representation that such orders were received by you prior to the close of regular trading on the NYSE on the Business Day on which the purchase or redemption order is priced in accordance with Rule 22c-1 under the 1940 Act. Other procedures relating to the Funds, including the timing and manner of payment for Shares, shall be in accordance with Schedule B, as amended from time to time, as well as with the Prospectus and Statement of the relevant Fund and with oral or written instructions that we or the relevant Fund shall forward to you from time to time. SUBJECT TO THE TERMS AND CONDITIONS OF THIS AGREEMENT AND THE PROCEDURES REFERRED TO IN THE PRECEDING PARAGRAPH, YOU ARE HEREBY APPOINTED TO ACT, AND YOU HEREBY AGREE TO ACT, AS AGENT OF EACH FUND FOR THE PURPOSE SPECIFICALLY SET FORTH IN THIS PARAGRAPH. Provided that you comply with the procedures referred to in the preceding paragraph, you shall be deemed to be an agent of each Fund for the sole purpose of receiving instructions from Customers for the purchase and redemption of Shares of the Fund prior to the close of regular trading on the NYSE each Business Day and communicating orders based on such in...
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Orders for Shares. Subject to applicable provisions of the Securities Act of 1933 and the Investment Company Act of 1940, purchase and redemption orders for Shares of a Fund will be processed in accordance with the terms of the Fund Participation Agreement entered into by and among the Service Organization, the Funds and the investment Advisor. Service Organization agrees to use all reasonable efforts to assist the Funds in identifying “market timers” or investors who engage in a patter of short-term trading.
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Related to Orders for Shares

  • Payments for Shares The Custodian shall receive from the distributor for the Fund's Shares or from the Transfer Agent of the Fund and deposit into the Fund's account such payments as are received for Shares of the Fund issued or sold from time to time by the Fund. The Custodian will provide timely notification to the Fund and the Transfer Agent of any receipt by it of payments for Shares of the Fund.

  • Certificates for Shares Upon the exercise of the purchase rights evidenced by this Warrant, one or more certificates for the number of Shares so purchased shall be issued as soon as practicable thereafter, and in any event within thirty (30) days of the delivery of the subscription notice.

  • Subscription for Shares For the sum of US$25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby agrees to issue the Shares to the Subscriber, and the Subscriber hereby subscribes for 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 update its register of members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The one Class B Ordinary Share currently held by the Subscriber following the incorporation of the Company shall be repurchased by the Company at par immediately following the issue of the Shares by the Company.

  • Payment for Shares (a) From and after the Effective Time, a bank or trust company or stock transfer agent mutually acceptable to Parent and the Company (pursuant to an agreement satisfactory to Parent and the Company) shall act as paying agent (the "Paying Agent") in effecting the payment of the Merger Price in respect of certificates (the "Certificates") that, prior to the Effective Time, represented Shares entitled to payment of the Merger Price pursuant to Section 2.07. (b) Promptly after the Effective Time, the Paying Agent shall mail to each record holder of Certificates (other than Certificates representing Excluded Shares) a form of letter of transmittal which shall specify that delivery shall be effected, and risk of loss and title to the Certificates shall pass, only upon proper delivery of the Certificates to the Paying Agent and instructions for use in surrendering such Certificates and receiving the aggregate Merger Price in respect thereof. Upon the surrender of each such Certificate, Parent shall make funds available to the Paying Agent to enable it to, and the Paying Agent shall, pay the holder of such Certificate the Merger Price multiplied by the number of Shares formerly represented by such Certificate in consideration therefor, and such Certificate shall forthwith be canceled. Until so surrendered, each such Certificate (other than Certificates representing Excluded Shares) shall represent solely the right to receive the aggregate Merger Price relating thereto. No interest or dividends shall be paid or accrued on the Merger Price. If the Merger Price (or any portion thereof) is to be delivered to any person other than the person in whose name the Certificate surrendered is registered, it shall be a condition to such right to receive such Merger Price that the Certificate so surrendered shall be properly endorsed or otherwise be in proper form for transfer and that the person surrendering such Certificates shall pay to the Paying Agent any transfer or other taxes required by reason of the payment of the Merger Price to a person other than the registered holder of the Certificate surrendered, or shall establish to the satisfaction of the Paying Agent that such tax has been paid or is not applicable. (c) In the event any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the holder of such Certificate, the Paying Agent shall issue in exchange for such lost, stolen or destroyed Certificate the Merger Price deliverable in respect thereof, provided that the holder of such Certificate shall, as a condition precedent to the payment thereof, give the Surviving Corporation a bond in such sum as it may direct or otherwise indemnify the Surviving Corporation in a manner satisfactory to it against any claim that may be made against it with respect to the Certificate claimed to have been lost, stolen or destroyed. (d) After the Effective Time, there shall be no transfers on the stock transfer books of the Surviving Corporation of any Shares which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation or the Paying Agent, they shall be surrendered and canceled in return for the payment of the aggregate Merger Price relating thereto, as provided in this Article III.

  • Consideration for Shares The Trustees may issue Shares of any Series for such consideration (which may include property subject to, or acquired in connection with the assumption of, liabilities) and on such terms as they may determine (or for no consideration if pursuant to a Share dividend or split-up), all without action or approval of the Shareholders. All Shares when so issued on the terms determined by the Trustees shall be fully paid and nonassessable (but may be subject to mandatory contribution back to the Trust as provided in Section 6.1(l) hereof). The Trustees may classify or reclassify any unissued Shares, or any Shares of any Series previously issued and reacquired by the Trust, into Shares of one or more other Series that may be established and designated from time to time.