Common use of PROCESSING OF ORDERS Clause in Contracts

PROCESSING OF ORDERS. Orders for Shares received from you will be accepted through us only at the public offering price applicable to each order, as set forth in the Prospectus. The procedure relating to the handling of orders shall be subject to the terms of this Agreement and instructions that we or the Funds shall forward from time to time to you. All orders are subject to acceptance or rejection, in whole or in part, by the Distributor or the Funds in their sole discretion. The minimum initial and subsequent purchase requirements are as set forth in the Prospectus. Payment for and delivery of Shares will be made through the facilities, and subject to the rules and procedures, of the National Securities Clearing Corporation (NSCC) Fund Settlement, Entry and Registration Verification System (Fund/SERV System), subject to the Funds' right to accept or reject orders for Shares.

Appears in 4 contracts

Samples: Distribution Agreement (ACAP Strategic Fund), Selling and Shareholder Servicing Agreement (ACAP Strategic Fund), Distribution Agreement (ACAP Strategic Fund)

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PROCESSING OF ORDERS. Orders for Shares received from you will be accepted through us only at the public offering price applicable to each order, as set forth in the Prospectus. The procedure relating to the handling of orders shall be subject to the terms of this Agreement and instructions that we or the Funds shall forward from time to time to you. All orders are subject to acceptance or rejection, in whole or in part, by the Distributor or the Funds in their sole discretion. The minimum initial and subsequent purchase requirements are as set forth in the Prospectus. Payment for and delivery of Shares will be made through the facilities, and subject to the rules and procedures, of the National Securities Clearing Corporation (NSCC) Fund Settlement, Entry and Registration Verification System (Fund/SERV System), subject to the Funds' ’ right to accept or reject orders for Shares.

Appears in 1 contract

Samples: Distribution Agreement (ACAP Strategic Fund)

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