PURCHASE AND REDEMPTION OF SHARES. (a) You will offer and sell Shares of the Funds to your customers at the public offering price in accordance with each Fund’s current prospectus and statement of additional information (“Prospectus”). You will offer Shares only on a forward pricing basis, i.e. only orders for the purchase, repurchase or exchange of Shares received and accepted by you prior to the time designated in the relevant Fund’s Prospectus for the calculation of its net asset value shall be placed with us for processing at such next computed net asset value; orders received or accepted by you after such time shall be placed by you for processing at the subsequently computed net asset value. You agree to place orders for Shares only with us and at such closing price. In the event of a difference between verbal and written price information, the written confirmation shall be considered final. Prices of a Fund’s Shares are computed by each Fund in accordance with its Prospectus. You agree to place orders with us only through your central order department unless we accept your written Power of Attorney authorizing others to place orders on your behalf. This dealer agreement (“Agreement”) on your part runs to us and the respective Funds and is for the benefit of, and is enforceable by, each. You agree to purchase Shares of the Funds only from us or from your customers. If you purchase Shares from us, you agree that all such purchases shall be made only to cover orders already received by you from your customers, or for your own bona fide investment without a view to resale. If you purchase Shares from your customers, you agree to pay such customers the applicable net asset value per Share, less any applicable fee or sales charge, as described in the Prospectus (“repurchase price”). You will sell Shares only to your customers at the prices described in paragraph 1(a) above OR to us as agent for the Fund at the repurchase price. In such a sale to us, you may act either as principal for your own account or as agent for your customer. If you act as principal for your own account in purchasing Shares for resale to us, you agree to pay your customer not less nor more than the repurchase price which you receive from us. If you act as agent for your customer in selling Shares to us, you agree not to charge your customer more than a fair commission for handling the transaction. You shall not withhold placing with us orders received from your customers so as to profit yourself as a result of such w...
PURCHASE AND REDEMPTION OF SHARES. Dealer will transmit to MFD, or its designated agent, promptly upon receipt, any orders it receives from customers to purchase or redeem Shares. Dealer agrees to promptly issue confirmation statements for all accepted purchase and redemption orders for accounts registered in Dealer’s name. Dealer shall make all sales subject to MFD’s or its designated agent’s confirmation. All orders are subject to acceptance or rejection by MFD or its designated agent, in its sole discretion, and by the Funds in their sole discretion. Dealer agrees to follow the procedures and instructions MFD or its designated agent may forward from time to time relating to the pricing and handling of orders. In particular, Dealer agrees that:
PURCHASE AND REDEMPTION OF SHARES a) The Distributor shall promptly transmit any orders for purchase or redemption of Shares received by the Distributor to the Trust or its transfer agent, or their designated agents.
PURCHASE AND REDEMPTION OF SHARES. Dealer will transmit to CUNA Brokerage, or its designated agent, promptly upon receipt, any orders it receives from customers to purchase or redeem Shares. Dealer agrees to promptly issue confirmation statements for all accepted purchase and redemption orders for accounts registered in Dealer's name. Dealer shall make all sales subject to CUNA Brokerage's or its designated agent's confirmation. All orders are subject to acceptance or rejection by CUNA Brokerage or its designated agent, in its sole discretion, and by the Funds in their sole discretion. Dealer agrees to follow the procedures and instructions CUNA Brokerage or its designated agent may forward from time to time relating to the pricing and handling of orders. In particular, Dealer agrees that:
PURCHASE AND REDEMPTION OF SHARES. Schwab will process instructions from the Shareholders of the Trust to purchase and redeem shares of the Trust as the agent for the Trust. With respect to those Funds identified on Schedule A hereto as "Sweep Funds" (if any), Schwab will perform such daily, and/or weekly monitoring and other related tasks as is necessary to carry out the automatic investment and redemption features associated with each individual shareholder's account with Schwab.
PURCHASE AND REDEMPTION OF SHARES. 1.1 The Administrator and the Underwriter, on their own behalf, agree to sell or to cause the PIMS Fund and the MMS Fund to sell to the Company those Shares of the Portfolios which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the PIMS Fund, the MMS Fund or their designee of such order. For purposes of this Section, the Company shall be the designee of the PIMS Fund and the MMS Fund for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by such Funds; provided that the PIMS Fund and the MMS Fund or the Underwriter receives notice of such order via the National Securities Clearing Corporation (the (“NSCC”)) by 9:00 a.m. Eastern Time on the next following Business Day. The PIMS Fund and the MMS Fund will receive all orders to purchase Portfolio Shares using the NSCC’s Defined Contribution Clearance & Settlement (“DCC&S”) platform. The PIMS Fund and the MMS Fund will also provide the Company with account positions and activity data using the NSCC’s Networking platform. The Company shall pay for Portfolio Shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Portfolio Shares in accordance with this section using the NSCC’s Fund/SERV System. Payment shall be in federal funds transmitted by wire from the PIMS Fund and the MMS Funds’ designated Settling Bank to the NSCC. “
PURCHASE AND REDEMPTION OF SHARES. 2.1 Amendment and Restatement of the Company's Articles of Incorporation; Statement with Respect to Shares. In accordance with the PBCL, and upon the terms and subject to the satisfaction or waiver of the conditions contained in this Agreement, at or prior to the Closing, the Company shall file with the Secretary of State of the Commonwealth of Pennsylvania Articles of Amendment to amend and restate the Company's Articles of Incorporation substantially in the form attached hereto as Exhibit B (the "Amended Articles"), which shall include a Statement with Respect to Shares substantially in the form attached hereto as Exhibit C (the "Preferred Statement" and together with the Amended Articles, the "Amended Charter"). The Amended Charter shall, among other things, provide as follows:
PURCHASE AND REDEMPTION OF SHARES. 8.1 - Subject to the special rights and restrictions attached to any class of shares the Company may, by a resolution of the Directors and in compliance with the Company Act, purchase any of its shares at the price and upon the terms specified in such resolution or redeem any class of its shares in accordance with the special rights and restrictions attaching thereto. No such purchase or redemption shall be made if the Company is insolvent at the time of the proposed purchase or redemption or if the proposed purchase or redemption would render the Company insolvent.
PURCHASE AND REDEMPTION OF SHARES. 8 2.1. Purchase and Redemption of Shares...................8 2.2. Closing.............................................8 2.3. Deliveries and Actions at the Closing...............9
PURCHASE AND REDEMPTION OF SHARES. Upon and subject to the terms and conditions of this Agreement, Buyer agrees to purchase from the Company, and the Company agrees to sell to the Buyer 48,400 shares of Common Stock, which immediately following the Closing will constitute eighty-eight percent (88%) of all of the outstanding common equity securities of the Company and all of the then outstanding common equity securities of the Company other than the Retained Shares (the "Recapitalization Shares"). The aggregate purchase price payable for the Recapitalization Shares by the Buyer (the "Recapitalization Purchase Price") shall be the amount equal to $549,600,000, less (i) the amount of proceeds from the New Financing which the Company actually receives and (ii) the value of the Retained Shares as set forth in Section 5.16 of this Agreement. Buyer shall provide, or shall cause one or more other Persons to provide, to the Company the New Financing. Under no circumstances shall the failure of the Company or the Buyer to obtain the New Financing relieve the Buyer of its obligation to purchase the Recapitalization Shares for the Recapitalization Purchase Price at the Closing. The Buyer shall pay the Recapitalization Purchase Price in cash, by wire transfer of immediately available funds to the account of the Company as designated by the Company. Simultaneously with the purchase of the Recapitalization Shares by the Buyer, the Company shall redeem from the Sellers all of the Redeemed Shares for the Sellers Redemption Price. The Sellers Redemption Price shall be allocated among the Redeemed Shares in the manner set forth on Schedule A hereto.
