Common use of Payment for all Clause in Contracts

Payment for all. Shares purchased from us shall be made to the Company and shall be received by the Company within three business days after the acceptance of your order or such shorter time as may be required by law. If such payment is not received by us, we reserve the right, without prior notice, forthwith to cancel the sale, or, at our option, to sell such Shares back to the respective Fund in which case we may hold you responsible for any loss, including loss of profit, suffered by us or by such Fund resulting from your failure to make payment as aforesaid.

Appears in 3 contracts

Sources: Schedule of Commissions and Service Fees (Evergreen Municipal Trust /De/), Schedule of Commissions and Service Fees (Evergreen Equity Trust /De/), Schedule of Commissions and Service Fees (Evergreen Fixed Income Trust)