Common use of Sales of Shares Clause in Contracts

Sales of Shares. Xxxxxxxx Financial Services is authorized, as agent for the Fund and not as principal, (a) to sell Shares of the Fund to such dealers as Xxxxxxxx Financial Services may select pursuant to the terms of written sales agreements (which may also relate to sales of shares of capital stock or shares of beneficial interest of other open-end investment companies which have entered into management agreements with the Manager), in form or forms approved by the Fund, and (b) to sell Shares of the Fund to other purchasers on such terms as may be provided in the then current prospectus of the Fund relating to such Shares; provided, however, that no sales of Shares shall be confirmed by Xxxxxxxx Financial Services at any time when, according to advice received by Xxxxxxxx Financial Services from the Fund, the officers of the Fund have for any reason sufficient to them temporarily or permanently suspended or discontinued the sale and issuance of the Shares. Each sale of Shares shall be effected by Xxxxxxxx Financial Services only at the applicable price determined by the Fund in the manner prescribed in its then current prospectus relating to such Shares. Xxxxxxxx Financial Services shall comply with all applicable laws, rules and regulations including, without limiting the generality of the foregoing, all rules or regulations made or adopted pursuant to Section 22 of the Investment Company Act of 1940 (the "1940 Act") by the Securities and Exchange Commission or any securities association registered under the Securities Exchange Act of 1934. The Fund agrees, as long as its Shares may legally be issued, to fill all orders confirmed by Xxxxxxxx Financial Services in accordance with the provisions of this Agreement.

Appears in 6 contracts

Samples: Distributing Agreement (Seligman Value Fund Series Inc), Distributing Agreement (Seligman Frontier Fund Inc), Distributing Agreement (Seligman Municipal Series Trust)

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Sales of Shares. Xxxxxxxx Financial Services is authorized, as agent for --------------- the Fund and not as principal, (a) to sell Shares of the Fund to such dealers as Xxxxxxxx Financial Services may select pursuant to the terms of written sales agreements (which may also relate to sales of shares of capital stock or shares of beneficial interest of other open-end investment companies which have entered into management agreements with the Manager), in form or forms approved by the Fund, and (b) to sell Shares of the Fund to other purchasers on such terms as may be provided in the then current prospectus of the Fund relating to such Shares; provided, however, that no -------- ------- sales of Shares shall be confirmed by Xxxxxxxx Financial Services at any time when, according to advice received by Xxxxxxxx Financial Services from the Fund, the officers of the Fund have for any reason sufficient to them temporarily or permanently suspended or discontinued the sale and issuance of the Shares. Each sale of Shares shall be effected by Xxxxxxxx Financial Services only at the applicable price determined by the Fund in the manner prescribed in its then current prospectus relating to such Shares. Xxxxxxxx Financial Services shall comply with all applicable laws, rules and regulations including, without limiting the generality of the foregoing, all rules or regulations made or adopted pursuant to Section 22 of the Investment Company Act of 1940 (the "1940 Act") by the Securities and Exchange Commission or any securities association registered under the Securities Exchange Act of 1934. The Fund agrees, as long as its Shares may legally be issued, to fill all orders confirmed by Xxxxxxxx Financial Services in accordance with the provisions of this Agreement.

Appears in 3 contracts

Samples: Distributing Agreement (Seligman Growth Fund Inc), Distributing Agreement (Seligman Growth Fund Inc), Distributing Agreement (Seligman Cash Management Fund Inc)

Sales of Shares. Xxxxxxxx Seligman Financial Services is authorizedix xxxxxxized, as agent for the Fund and not as principal, (a) to sell Shares of the Fund to such dealers as Xxxxxxxx Seligman Financial Services may select mxx xxxxxt pursuant to the terms of written sales agreements (which may also relate to sales of shares of capital stock or shares of beneficial interest of other open-end investment companies which have entered into management agreements with the Manager), in form or forms approved by the Fund, and (b) to sell Shares of the Fund to other purchasers on such terms as may be provided in the then current prospectus of the Fund relating to such Shares; providedPROVIDED, howeverHOWEVER, that no sales of Shares shall be confirmed by Xxxxxxxx Seligman Financial Services at any time xxx xxxe when, according to advice received by Xxxxxxxx Seligman Financial Services from the xxxx xxe Fund, the officers of the Fund have for any reason sufficient to them temporarily or permanently suspended or discontinued the sale and issuance of the Shares. Each sale of Shares shall be effected by Xxxxxxxx Seligman Financial Services Sxxxxxxx only at the applicable price determined by the Fund in the manner prescribed in its then current prospectus relating to such Shares. Xxxxxxxx Seligman Financial Services shall comply xxxxx xxmply with all applicable laws, rules and regulations including, without limiting the generality of the foregoing, all rules or regulations made or adopted pursuant to Section 22 of the Investment Company Act of 1940 (the "1940 Act") by the Securities and Exchange Commission or any securities association registered under the Securities Exchange Act of 1934. The Fund agrees, as long as its Shares may legally be issued, to fill all orders confirmed by Xxxxxxxx Seligman Financial Services in accordance ix xxxxxxance with the provisions of this Agreement.

Appears in 3 contracts

Samples: Distributing Agreement (Seligman High Income Fund Series), Distributing Agreement (Seligman Communications & Information Fund Inc), Distributing Agreement (Seligman Income Fund Inc)

Sales of Shares. Xxxxxxxx Financial Services Advisors is authorized, as agent for the Fund and not as principal, (a) to sell Shares of the Fund to such dealers as Xxxxxxxx Financial Services Advisors may select pursuant to the terms of written sales agreements (which may also relate to sales of shares of capital stock or shares of beneficial interest of other open-end investment companies which have entered into management agreements with the Manager), substantially in the form or forms approved by the Fund, and (b) to sell Shares of the Fund to other purchasers on such terms as may be provided in the then current prospectus of the Fund relating to such Shares; provided, however, that no sales of Shares shall be confirmed by Xxxxxxxx Financial Services Advisors at any time when, according to advice received by Xxxxxxxx Financial Services Advisors from the Fund, the officers of the Fund have for any reason sufficient to them temporarily or permanently suspended or discontinued the sale and issuance of the Shares. Each sale of Shares shall be effected by Xxxxxxxx Financial Services Advisors only at the applicable price determined by the Fund in the manner prescribed in its then current prospectus relating to such Shares. Xxxxxxxx Financial Services Advisors shall comply with all applicable laws, rules and regulations including, without limiting the generality of the foregoing, all rules or regulations made or adopted pursuant to Section 22 of the Investment Company Act of 1940 1940, as amended (the "1940 Act") by the Securities and Exchange Commission or any securities association registered under the Securities Exchange Act of 1934. The Fund agrees, as long as its Shares may legally be issued, to fill all orders confirmed by Xxxxxxxx Financial Services Advisors in accordance with the provisions of this Agreement.

Appears in 2 contracts

Samples: Distributing Agreement (Seligman Lasalle Real Estate Fund Series Inc), Distributing Agreement (Seligman Targethorizon Etf Portfolios, Inc.)

Sales of Shares. Xxxxxxxx Financial Services Advisors is authorized, as agent for the Fund and not as principal, (a) to sell Shares of the Fund to such dealers as Xxxxxxxx Financial Services Advisors may select pursuant to the terms of written sales agreements (which may also relate to sales of shares of capital stock or shares of beneficial interest of other open-end investment companies which have entered into management agreements with the Manager), substantially in the form or forms approved by the Fund, and (b) to sell Shares of the Fund to other purchasers on such terms as may be provided in the then current prospectus of the Fund relating to such Shares; provided, however, that no sales of Shares shall be confirmed by Xxxxxxxx Financial Services Advisors at any time when, according to advice received by Xxxxxxxx Financial Services Advisors from the Fund, the officers of the Fund have for any reason sufficient to them temporarily or permanently suspended or discontinued the sale and issuance of the Shares. Each sale of Shares shall be effected by Xxxxxxxx Financial Services Advisors only at the applicable price determined by the Fund in the manner prescribed in its then current prospectus relating to such Shares. Xxxxxxxx Financial Services Advisors shall comply with all applicable laws, rules and regulations including, without limiting the generality of the foregoing, all rules or regulations made or adopted pursuant to Section 22 of the Investment Company Act of 1940 1940, as amended (the "β€œ1940 Act"”) by the Securities and Exchange Commission or any securities association registered under the Securities Exchange Act of 1934. The Fund agrees, as long as its Shares may legally be issued, to fill all orders confirmed by Xxxxxxxx Financial Services Advisors in accordance with the provisions of this Agreement.

Appears in 1 contract

Samples: Distributing Agreement (Seligman Frontier Fund Inc)

Sales of Shares. Xxxxxxxx Financial Services is authorized, as agent for the Fund and not as principal, (a) to sell Shares of the Fund to such dealers as Xxxxxxxx Financial Services may select pursuant to the terms of written sales agreements (which may also relate to sales of shares of capital stock or shares of beneficial interest of other open-end investment companies which have entered into management agreements with the Manager), in form or forms approved by the Fund, and (b) to sell Shares of the Fund to other purchasers on such terms as may be provided in the then current prospectus of the Fund relating to such Shares; provided, however, that no sales of Shares shall be confirmed by Xxxxxxxx Financial Services at any time when, according to advice received by Xxxxxxxx Financial Services from the Fund, the officers of the Fund have for any reason sufficient to them temporarily or permanently suspended or discontinued the sale and issuance of the Shares. Each sale of Shares shall be effected by Xxxxxxxx Financial Services only at the applicable price determined by the Fund in the manner prescribed in its then current prospectus relating to such Shares. Xxxxxxxx Financial Services shall comply with all applicable laws, rules and regulations including, without limiting the generality of the foregoing, all rules or regulations made or adopted pursuant to Section 22 of the Investment Company Act of 1940 (the "1940 Act") by the Securities and Exchange Commission or any securities association registered under the Securities Exchange Act of 1934. The Fund agrees, as long as its Shares may legally be issued, to fill all orders confirmed by Xxxxxxxx Financial Services in accordance with the provisions of this Agreement.. * On May 20, 1993, the name of the Fund was changed to Xxxxxxxx Xxxxxxxxx Global Fund Series, Inc.

Appears in 1 contract

Samples: Distributing Agreement (Seligman Henderson Global Fund Series Inc)

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Sales of Shares. Xxxxxxxx Financial Services is authorized, as agent for the Fund and not as principal, (a) to sell Shares of the Fund to such dealers as Xxxxxxxx Financial Services may select pursuant to the terms of written sales agreements (which may also relate to sales of shares of capital stock or shares of beneficial interest of other open-end investment companies which have entered into management agreements with the Manager), in form or forms approved by the Fund, and (b) to sell Shares of the Fund to other purchasers on such terms as may be provided in the then current prospectus of the Fund relating to such Shares; provided, however, ,that no sales of Shares shall be confirmed by Xxxxxxxx Financial Services at any time when, according to advice received by Xxxxxxxx Financial Services from the Fund, the officers of the Fund have for any reason sufficient to them temporarily or permanently suspended or discontinued the sale and issuance of the Shares. Each sale of Shares shall be effected by Xxxxxxxx Financial Services only at the applicable price determined by the Fund in the manner prescribed in its then current prospectus relating to such Shares. Xxxxxxxx Financial Services shall comply with all applicable laws, rules and regulations including, without limiting the generality of the foregoing, all rules or regulations made or adopted pursuant to Section 22 of the Investment Company Act of 1940 (the "1940 Act") by the Securities and Exchange Commission or any securities association registered under the Securities Exchange Act of 1934. The Fund agrees, as long as its Shares may legally be issued, to fill all orders confirmed by Xxxxxxxx Financial Services in accordance with the provisions of this Agreement.

Appears in 1 contract

Samples: Distributing Agreement (Seligman Municipal Fund Series Inc)

Sales of Shares. Xxxxxxxx Financial Services Advisors is authorized, as agent for the Fund Series and not as principal, (a) to sell Shares of the Fund Series to such dealers as Xxxxxxxx Financial Services Advisors may select pursuant to the terms of written sales agreements (which may also relate to sales of shares of capital stock or shares of beneficial interest of other open-end investment companies which have entered into management agreements with the Manager), substantially in the form or forms approved by the FundSeries, and (b) to sell Shares of the Fund Series to other purchasers on such terms as may be provided in the then current prospectus of the Fund Series relating to such Shares; provided, however, that no sales of Shares shall be confirmed by Xxxxxxxx Financial Services Advisors at any time when, according to advice received by Xxxxxxxx Financial Services Advisors from the FundSeries, the officers of the Fund Series have for any reason sufficient to them temporarily or permanently suspended or discontinued the sale and issuance of the Shares. Each sale of Shares shall be effected by Xxxxxxxx Financial Services Advisors only at the applicable price determined by the Fund Series in the manner prescribed in its then current prospectus relating to such Shares. Xxxxxxxx Financial Services Advisors shall comply with all applicable laws, rules and regulations including, without limiting the generality of the foregoing, all rules or regulations made or adopted pursuant to Section 22 of the Investment Company Act of 1940 (the "1940 Act") by the Securities and Exchange Commission or any securities association registered under the Securities Exchange Act of 1934. The Fund Series agrees, as long as its Shares may legally be issued, to fill all orders confirmed by Xxxxxxxx Financial Services Advisors in accordance with the provisions of this Agreement.

Appears in 1 contract

Samples: Distributing Agreement (Seligman Time Horizon Harvester Series Inc)

Sales of Shares. Xxxxxxxx Financial Services Seligman Advisors is authorizedauthorizex, as agent xx xxent for the Fund and not as principal, (a) to sell Shares of the Fund to such dealers as Xxxxxxxx Financial Services Seligman Advisors may select pursuant xxxxxxnt to the terms of written sales agreements (which may also relate to sales of shares of capital stock or shares of beneficial interest of other open-end investment companies which have entered into management agreements with the Manager), substantially in the form or forms approved by the Fund, and (b) to sell Shares of the Fund to other purchasers on such terms as may be provided in the then current prospectus of the Fund relating to such Shares; provided, however, that no sales of Shares shall be confirmed by Xxxxxxxx Financial Services Seligman Advisors at any time whenxxxx, according xccording to advice received by Xxxxxxxx Financial Services Seligman Advisors from the FundFuxx, the xxx officers of the Fund have for any reason sufficient to them temporarily or permanently suspended or discontinued the sale and issuance of the Shares. Each sale of Shares shall be effected by Xxxxxxxx Financial Services Seligman Advisors only at the applicable thx xxxxxcable price determined by the Fund in the manner prescribed in its then current prospectus relating to such Shares. Xxxxxxxx Financial Services Seligman Advisors shall comply with xxxx all applicable laws, rules and regulations including, without limiting the generality of the foregoing, all rules or regulations made or adopted pursuant to Section 22 of the Investment Company Act of 1940 1940, as amended (the "1940 Act") by the Securities and Exchange Commission or any securities association registered under the Securities Exchange Act of 1934. The Fund agrees, as long as its Shares may legally be issued, to fill all orders confirmed by Xxxxxxxx Financial Services Seligman Advisors in accordance with accordanxx xxxx the provisions of this Agreement.

Appears in 1 contract

Samples: Distributing Agreement (Seligman Tax Aware Fund Inc)

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