Common use of Reinvestment Program Clause in Contracts

Reinvestment Program. If I participate in the Cross– Reinvestment Program, distributions from eligible mutual funds in my Account that I select may be automatically reinvested into shares of certain eligible mutual funds of my choosing (“cross–reinvestment security”) for which I have received a current prospectus. Generally on the same business day as the distribution payment, Xxxxxx Xxxxx will invest the funds received on my behalf into shares of the cross– reinvestment security, which will settle on the following business day. The price paid for such cross–reinvestment security will be the public offering price of the security as determined in its prospectus. The cross–reinvestment of distributions from one mutual fund to another mutual fund is generally only permitted among affiliated funds and may otherwise be limited by the terms of the funds’ prospectuses.

Appears in 1 contract

Samples: Retirement Account Client Services Agreement

AutoNDA by SimpleDocs

Reinvestment Program. If I participate in the Cross– Cross- Reinvestment Program, distributions from eligible mutual funds in my Account that I select may be automatically reinvested into shares of certain eligible mutual funds of my choosing (“cross-reinvestment security”) for which I have received a current prospectus. Generally on the same business day as the distribution payment, Xxxxxx Xxxxx will invest the funds received on my behalf into shares of the cross– cross- reinvestment security, which will settle on the following business day. The price paid for such cross-reinvestment security will be the public offering price of the security as determined in its prospectus. The cross-reinvestment of distributions from one mutual fund to another mutual fund is generally only permitted among affiliated funds and may otherwise be limited by the terms of the funds’ prospectuses.

Appears in 1 contract

Samples: Edward Jones Retirement Account Agreement

Reinvestment Program. If I participate in the Cross– Cross- Reinvestment Program, distributions from eligible mutual funds in my Account that I select may be automatically reinvested into shares of certain eligible mutual funds of my choosing (“cross-reinvestment security”) for which I have received a current prospectus. Generally on the same business day as the distribution payment, Xxxxxx Xxxxx will invest the funds received on my behalf into shares of the cross-reinvestment security, which will settle on the following business day. The price paid for such cross-reinvestment security will be the public offering price of the security as determined in its prospectus. The cross-reinvestment of distributions from one mutual fund to another mutual fund is generally only permitted among affiliated funds and may otherwise be limited by the terms of the funds’ prospectuses.

Appears in 1 contract

Samples: Edward Jones Retirement Account Agreement

AutoNDA by SimpleDocs

Reinvestment Program. If I participate in the Cross– Cross- Reinvestment Program, distributions from eligible mutual funds in my Account that I select may be automatically reinvested into shares of certain eligible mutual funds of my choosing (“cross–reinvestment security”) for which I have received a current prospectus. Generally on the same business day as the distribution payment, Xxxxxx Xxxxx will invest the funds received on my behalf into shares of the crossreinvestment security, which will settle on the following business day. The price paid for such cross–cross- reinvestment security will be the public offering price of the security as determined in its prospectus. The cross–cross- reinvestment of distributions from one mutual fund to another mutual fund is generally only permitted among affiliated funds and may otherwise be limited by the terms of the funds’ prospectuses.

Appears in 1 contract

Samples: Custodial Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.