Common use of Rights of Accumulation and Letters of Intent Clause in Contracts

Rights of Accumulation and Letters of Intent. With respect to Funds sold with an initial sales charge, Xxxxx Barney's Customers will be entitled to reduced sales charges on purchases made under any letter of intent or right of accumulation described in the Prospectus. In such case, the concession from the public offering price retained by Xxxxx Xxxxxx will be based upon such reduced sales charge; however, if a Xxxxx Xxxxxx Customer fails to fulfill a letter of intent, thereafter you will pay Xxxxx Xxxxxx the amount required to reflect the appropriate concession based on the actual purchases made by the customer. When placing wire trades, Xxxxx Xxxxxx agrees to advise you of any letter of intent executed by its customer or any available right of accumulation.

Rights of Accumulation and Letters of Intent. With respect to Funds sold with an initial sales charge, Xxxxx Barney's ’s Customers will be entitled to reduced sales charges on purchases made under any letter of intent or right of accumulation described in the Prospectus. In such case, the concession from the public offering price retained by Xxxxx Xxxxxx will be based upon such reduced sales charge; however, if a Xxxxx Xxxxxx Customer fails to fulfill a letter of intent, thereafter you will pay Xxxxx Xxxxxx the amount required to reflect the appropriate concession based on the actual purchases made by the customer. When placing wire trades, Xxxxx Xxxxxx agrees to advise you of any letter of intent executed by its customer or any available right of accumulation.

Rights of Accumulation and Letters of Intent. With respect to Funds sold with an initial sales charge, Xxxxx Barney's Customers customers will be entitled to reduced sales charges on purchases made under any letter of intent or right of accumulation described in the Prospectus. In such case, the concession from the public offering price retained by Xxxxx Xxxxxx will be based upon such reduced sales charge; however, if a Xxxxx Xxxxxx Customer customer fails to fulfill a letter of intent, thereafter you will pay Xxxxx Xxxxxx the amount required to reflect the appropriate concession based on the actual purchases made by the customer. When placing wire trades, Xxxxx Xxxxxx agrees to advise you of any letter of intent executed by its customer or any available right of accumulation.