Seligman. Financial Services shall nxx xxxxxt a conditional order for Shares on any basis other than at a specified definite price. The Dealer shall not, as principal, purchase Shares of any of the Funds from a recordholder at a price lower than the bid price, if any, then quoted by or for the Fund, but the Dealer shall not be prevented from selling Shares for the account of a record owner to Seligman Financial Services, xxx Xund or its redemption agent at the bid price currently quoted by or for such Fund, and charging the investor a fair commission for handling the transaction.
Appears in 3 contracts
Samples: Sales Agreement (Seligman Municipal Fund Series Inc), Sales Agreement (Seligman New Jersey Municipal Fund Inc), Sales Agreement (Seligman Municipal Series Trust)
Seligman. Financial Services shall nxx xxxxxt shaxx xxx xccept a conditional order for Shares on any basis other than at a specified definite price. The Dealer shall not, as principal, purchase Shares of any of the Funds from a recordholder at a price lower than the bid price, if any, then quoted by or for the Fund, but the Dealer shall not be prevented from selling Shares for the account of a record owner to Seligman Financial ServicesXxxxxces, xxx Xund the Fund or its redemption agent at the bid price currently quoted by or for such Fund, and charging the investor a fair commission for handling the transaction.
Appears in 1 contract