Common use of PROCESSING A PURCHASE ORDER Clause in Contracts

PROCESSING A PURCHASE ORDER. During the telephone call, Distributor will request that the AP state that the AP will not own 80% or more of the Shares of any Fund upon execution of the Purchase Order. If the AP is not able to so confirm, Distributor has the right to not accept the Purchase Order.

PROCESSING A PURCHASE ORDER. During the telephone call, Distributor the Administrator will request that the AP state that the AP will not own 80% or more of the Shares of any Fund upon execution of the Purchase Order. If the AP is not able to so confirm, Distributor the Administrator has the right to not accept the Purchase Order.