Sale of Shares of the Fund. 3.1. The Distributor will have the right to sell on behalf of the Fund, as its agent, any 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. The Distributor agrees that the Fund shall receive 100% of the net asset value, determined as set forth in the Prospectus, for all shares sold by the Distributor.
Appears in 4 contracts
Samples: Distribution Agreement (Third Avenue Trust), Distribution Agreement (Third Avenue Trust), Distribution Agreement (Third Avenue Trust)
Sale of Shares of the Fund. 3.1. 3.1 The Distributor will have the right to sell on behalf of the Fund, as its agent, any 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. The Distributor agrees that the Fund shall receive 100% of the net asset value, determined as set forth in the Fund's Prospectus, for all shares sold by the Distributor.
Appears in 1 contract
Samples: Distribution Agreement (Hilliard Lyons Investment Trust)