Purchase of Shares from the Fund. 3.1 The Distributor shall have the right to buy from the Fund on behalf of investors the Shares needed, but not more than the Shares needed (except for clerical errors in transmission) to fill unconditional orders for Shares placed with the Distributor by investors or registered and qualified securities dealers and other financial institutions (selected dealers).
Purchase of Shares from the Fund. (a) The Underwriter shall have the right to buy from the Fund the shares needed to fill unconditional orders for shares of the Fund placed with the Underwriter by investors or securities dealers, depository institutions or other financial intermediaries acting as agent for their customers. The price which the Underwriter shall pay for the shares so purchased from the Fund shall be the net asset value, determined as set forth in Section 3(d) hereof, used in determining the public offering price on which such orders are based.
Purchase of Shares from the Fund. (a) Prior to the continuous offering of the Shares of a Fund, commencing on a date agreed upon by that Fund and the Distributor, the Distributor may solicit subscriptions for Shares during a subscription period that shall last for such period as may be agreed upon by the parties hereto. Subscriptions will be payable within three business days after the termination of the relevant subscription period, at which time the Shares will be issued against payment and such Fund will commence operations.
Purchase of Shares from the Fund. (a) The Distributor shall have the right to buy from the Fund the Shares needed, but not more than the Shares needed (except for clerical errors in transmission), to fill unconditional orders for Shares placed with the Distributor by investors and securities dealers. The price which the Distributor shall pay for the Shares so purchased from the Fund shall be the net asset value, determined as set forth in the Prospectus, used in determining the public offering price on which such orders were based.
Purchase of Shares from the Fund. (a) The Fund will make available to the Distributor, and the Distributor will sell on behalf of the Fund, the shares of the Fund needed to fill unconditional orders for shares of the Fund placed with the Distributor by the Company for allocation to the Variable Account. The price that the Distributor shall pay for the shares corresponding to each portfolio so purchased shall be the net asset value per share corresponding to such portfolio, as determined on the basis set forth in Section 2.3(c) of this Agreement.
Purchase of Shares from the Fund. (a) Prior to the continuous offering of the shares commencing on a date agreed upon by the Fund and the Underwriter, the Underwriter agrees to solicit subscriptions for shares during an initial offering period which shall last for such period as may be agreed upon by the parties hereto. The subscriptions will be payable within six business days after the termination of the initial offering period.
Purchase of Shares from the Fund. 3.1 The Shares shall be sold by the Distributor as the agent of the Fund and delivered by the Distributor or investment dealers and other financial institutions selected by the Distributor (each, a Dealer), as described in Section 6.4 hereof, to investors at the offering price as set forth in the Prospectus.
Purchase of Shares from the Fund. (a) The Distributor agrees to use its best efforts to solicit offers to purchase the Shares upon the terms and conditions set forth in the Prospectus.
Purchase of Shares from the Fund. (a) Prior to the continuous offering of the shares, com- mencing on a date agreed on by the Fund and the Distributor, it is contemplated that the Distributor will solicit subscriptions for shares during a subscription period which shall last for such period as may be agreed upon by the parties hereto. The sub- scriptions will be payable within five business days after the termination of the subscription period, at which time the Fund will commence operations. (b) After the Fund commences operations, the Fund will commence an offering of its shares and thereafter the Distributor shall have the right to buy from the Fund the shares needed, but not more than the shares needed (except for clerical errors in transmission) to fill unconditional orders for shares of the Fund placed with the Distributor by investors or securities dealers. The price which the Distributor shall pay for the shares so purchased from the Fund shall be the net asset value, determined as set forth in Section 3(d) hereof. (c) The shares are to be resold by the Distributor to investors at net asset value, as set forth in Section 3(d) here- of, or to securities dealers having agreements with the Distri-
Purchase of Shares from the Fund. (a) The Fund herewith engages the Distributor to act as exclusive distributor of the shares of its separate series, and any other series which may be designated from time to time hereafter (“Portfolios”), named and described on Schedule A attached hereto and incorporated by reference. Said sales shall be made only to investors eligible to invest in a registered investment company consistent with such company’s serving as an investment vehicle for variable annuities and variable life insurance company contracts. Distributor need not hold itself available to receive by mail, telex and/or telephone, orders for the purchase of shares.
