North Dakota Distribution Agreement regarding the continuous offering of the Trust's transferable shares of beneficial interest

• Category: Corporations - Public - Distribution
• State: Multi-State
• Control #: US-EG-9319
• Format: Word; Rich Text

Description

Distribution Agreement between Active Assets Premier Money Trust and Morgan Stanley Dean Witter Advisors, Inc. regarding the continuous offering of the Trust's transferable shares of beneficial interest (without par value) in order to promote the growth North Dakota Distribution Agreement, also known as an offering agreement, refers to a legally binding contract between a trust and potential investors for the continuous offering of the trust's transferable shares of beneficial interest. This agreement sets forth the terms and conditions under which the trust offers its shares to investors. The North Dakota Distribution Agreement outlines the rules and regulations that govern the offering of shares, including the procedures for purchasing, transferring, and redeeming them. It provides clarity regarding the rights and obligations of both the trust and the investors. This agreement aims to protect the interests of all parties involved and establish a framework for the smooth operation of the trust's shares distribution. Key components of the North Dakota Distribution Agreement may include: 1. Definitions: This section defines the important terms used throughout the agreement, such as "trust," "shares," "beneficial interest," and "investors." It ensures a common understanding of the terminology used. 2. Offering Terms: The agreement specifies the nature and details of the offering, including the number of shares available, the offering price, and any applicable discounts or fees. It may also mention the minimum and maximum investment amounts. 3. Subscription Process: This section outlines the process through which investors can subscribe to purchase shares. It may include requirements such as completing a subscription application, providing necessary documentation, and submitting payment. 4. Continuous Offering: The agreement establishes the duration of the continuous offering period, during which shares can be purchased by investors. It may also address any limitations or restrictions on the sale or transfer of shares. 5. Representations and Warranties: Both the trust and the investors typically make certain representations and warranties regarding their authority, financial capabilities, and compliance with applicable laws and regulations. 6. Redemption and Transfer: The agreement may describe the conditions and procedures for redeeming or transferring shares. It may include details on redemption fees, timing, and any restrictions or limitations imposed by the trust. 7. Termination: This section explains the circumstances under which the agreement can be terminated by either party, such as breach of terms, expiration of the offering period, or mutual agreement. 8. Governing Law and Jurisdiction: The agreement specifies which laws will govern its interpretation and enforcement and designates the jurisdiction where any disputes will be resolved. In North Dakota, there may not be specific types of distribution agreements regarding the continuous offering of the trust's transferable shares of beneficial interest. However, various trusts may have their own specific agreements tailored to their unique characteristics or investment objectives. It is crucial for potential investors to carefully review and understand the specific terms and conditions outlined in each different trust's distribution agreement before making any investment decisions.

North Dakota Distribution Agreement, also known as an offering agreement, refers to a legally binding contract between a trust and potential investors for the continuous offering of the trust's transferable shares of beneficial interest. This agreement sets forth the terms and conditions under which the trust offers its shares to investors. The North Dakota Distribution Agreement outlines the rules and regulations that govern the offering of shares, including the procedures for purchasing, transferring, and redeeming them. It provides clarity regarding the rights and obligations of both the trust and the investors. This agreement aims to protect the interests of all parties involved and establish a framework for the smooth operation of the trust's shares distribution. Key components of the North Dakota Distribution Agreement may include: 1. Definitions: This section defines the important terms used throughout the agreement, such as "trust," "shares," "beneficial interest," and "investors." It ensures a common understanding of the terminology used. 2. Offering Terms: The agreement specifies the nature and details of the offering, including the number of shares available, the offering price, and any applicable discounts or fees. It may also mention the minimum and maximum investment amounts. 3. Subscription Process: This section outlines the process through which investors can subscribe to purchase shares. It may include requirements such as completing a subscription application, providing necessary documentation, and submitting payment. 4. Continuous Offering: The agreement establishes the duration of the continuous offering period, during which shares can be purchased by investors. It may also address any limitations or restrictions on the sale or transfer of shares. 5. Representations and Warranties: Both the trust and the investors typically make certain representations and warranties regarding their authority, financial capabilities, and compliance with applicable laws and regulations. 6. Redemption and Transfer: The agreement may describe the conditions and procedures for redeeming or transferring shares. It may include details on redemption fees, timing, and any restrictions or limitations imposed by the trust. 7. Termination: This section explains the circumstances under which the agreement can be terminated by either party, such as breach of terms, expiration of the offering period, or mutual agreement. 8. Governing Law and Jurisdiction: The agreement specifies which laws will govern its interpretation and enforcement and designates the jurisdiction where any disputes will be resolved. In North Dakota, there may not be specific types of distribution agreements regarding the continuous offering of the trust's transferable shares of beneficial interest. However, various trusts may have their own specific agreements tailored to their unique characteristics or investment objectives. It is crucial for potential investors to carefully review and understand the specific terms and conditions outlined in each different trust's distribution agreement before making any investment decisions.