REDEMPTIONS OR REPURCHASES. Redemptions or repurchases of shares of the Funds will be made at the net asset value of such shares, less any applicable deferred sales or redemption charges, in accordance with the applicable Prospectuses of the Funds. Except as permitted by applicable law, you agree not to purchase any shares from your customers at a price lower than the net asset value of such shares next computed by the Funds after the purchase is made by you (the “Redemption/Repurchase Price”). You shall, however, be permitted to sell shares of the Funds for the account of the record owner to the Funds at the Redemption/Repurchase Price for such shares.
Appears in 29 contracts
Samples: Selling Agreement (Franklin Templeton Variable Insurance Products Trust), Selling Agreement (Franklin Strategic Series), Selling Agreement (Templeton Funds)
REDEMPTIONS OR REPURCHASES. Redemptions or repurchases of shares of the Funds will be made at the net asset value of such shares, less any applicable deferred sales or redemption charges, in accordance with the applicable Prospectuses of the Fundsprospectuses. Except as permitted by applicable law, you agree not to purchase any shares from your customers at a price lower than the net asset value of such shares next computed by the Funds after the purchase is made by you (the “"Redemption/Repurchase Price”"). You shall, however, be permitted to sell shares of the Funds for the account of the record owner to the Funds at the Redemption/Repurchase Price for such shares.
Appears in 19 contracts
Samples: Dealer Agreement (Franklin Templeton Money Fund Trust), Dealer Agreement (Franklin Municipal Securities Trust), Dealer Agreement (Franklin California Tax Free Trust)
REDEMPTIONS OR REPURCHASES. Redemptions or repurchases of shares of the Funds will be made at the net asset value of such shares, less any applicable deferred sales or redemption charges, in accordance with the applicable Prospectuses of the Funds. Except as permitted by applicable law, you agree not to purchase any shares from your customers at a price lower than the net asset value of such shares next computed by the Funds after the purchase is made by you (the “"Redemption/Repurchase Price”"). You shall, however, be permitted to sell shares of the Funds for the account of the record owner to the Funds at the Redemption/Repurchase Price for such shares.
Appears in 10 contracts
Samples: Selling Agreement (Templeton Capital Accumulator Fund), Graphic Omitted (Templeton Global Opportunities Trust), Graphic Omitted (Franklin Tax Free Trust)
