Ohio Distribution Agreement regarding the continuous offering of the Fund's shares

• Category: Corporations - Public - Distribution
• State: Multi-State
• Control #: US-EG-9373
• Format: Word; Rich Text

Description

Distribution Agreement between Prudential Tax-Managed Growth Fund and Prudential Investment Management Services, LLC regarding the continuous offering of the Fund's shares in order to promote the growth of the Fund and facilitate the distribution of the Ohio Distribution Agreement is a legal document that governs the continuous offering of a fund's shares in the state of Ohio. It outlines the terms and conditions under which the distribution of the fund's shares is conducted and the relationship between the fund and the distributor. This agreement ensures compliance with state laws and regulations while allowing for the continuous sale and distribution of the fund's shares to investors in Ohio. The Ohio Distribution Agreement typically covers various important aspects related to the offering of the fund's shares, including: 1. Parties Involved: It identifies the parties involved in the agreement, such as the fund management company (sponsor) and the distributor responsible for marketing and selling the shares in Ohio. 2. Responsibilities of the Distributor: The agreement specifies the distributor's obligations and responsibilities, including marketing and promotional activities, maintaining records, providing customer support, and ensuring compliance with all applicable laws and regulations. 3. Compensation: The agreement defines the compensation structure for the distributor, including sales commissions, fees, and any other payments related to providing distribution services in Ohio. 4. Termination: It outlines the conditions under which either party can terminate the agreement, including breach of terms, mutual agreement, or regulatory requirements. It also specifies the notice period required for termination. 5. Compliance with Regulations: The agreement ensures that the distribution of the fund's shares in Ohio complies with all relevant state securities laws, regulations, and licensing requirements. 6. Reporting and Record keeping: It stipulates the reporting requirements, including providing periodic sales reports and maintaining accurate records of all sales, expenses, and related activities. 7. Indemnification: The agreement defines the indemnification provisions, stating that the distributor will be held harmless from any liabilities, claims, or damages arising from their activities in connection with the distribution of the fund's shares. 8. Amendments: It allows for amendments to the agreement with the mutual consent of both parties to account for any changes in laws, regulations, or business circumstances affecting the distribution of the fund's shares in Ohio. Different types of Ohio Distribution Agreements may be named based on specific circumstances or parameters, such as: 1. Initial Distribution Agreement: This agreement governs the initial offering and distribution of the fund's shares in Ohio and can be followed by subsequent agreements for continuous offerings. 2. Evergreen Distribution Agreement: This type of agreement allows for the continuous offering of the fund's shares in Ohio without a specific termination date, subject to the fulfillment of certain conditions and ongoing compliance. 3. Limited Duration Distribution Agreement: This agreement covers the distribution of the fund's shares in Ohio for a predetermined period or until a specific goal, such as fundraising target, is achieved. 4. Non-Exclusive Distribution Agreement: This type of agreement allows the fund to engage multiple distributors to sell its shares in Ohio simultaneously, each with their own separate agreement and compensation terms. Each type of Ohio Distribution Agreement may have specific clauses and provisions tailored to the respective arrangement and objectives of the fund and the distributor.

Ohio Distribution Agreement is a legal document that governs the continuous offering of a fund's shares in the state of Ohio. It outlines the terms and conditions under which the distribution of the fund's shares is conducted and the relationship between the fund and the distributor. This agreement ensures compliance with state laws and regulations while allowing for the continuous sale and distribution of the fund's shares to investors in Ohio. The Ohio Distribution Agreement typically covers various important aspects related to the offering of the fund's shares, including: 1. Parties Involved: It identifies the parties involved in the agreement, such as the fund management company (sponsor) and the distributor responsible for marketing and selling the shares in Ohio. 2. Responsibilities of the Distributor: The agreement specifies the distributor's obligations and responsibilities, including marketing and promotional activities, maintaining records, providing customer support, and ensuring compliance with all applicable laws and regulations. 3. Compensation: The agreement defines the compensation structure for the distributor, including sales commissions, fees, and any other payments related to providing distribution services in Ohio. 4. Termination: It outlines the conditions under which either party can terminate the agreement, including breach of terms, mutual agreement, or regulatory requirements. It also specifies the notice period required for termination. 5. Compliance with Regulations: The agreement ensures that the distribution of the fund's shares in Ohio complies with all relevant state securities laws, regulations, and licensing requirements. 6. Reporting and Record keeping: It stipulates the reporting requirements, including providing periodic sales reports and maintaining accurate records of all sales, expenses, and related activities. 7. Indemnification: The agreement defines the indemnification provisions, stating that the distributor will be held harmless from any liabilities, claims, or damages arising from their activities in connection with the distribution of the fund's shares. 8. Amendments: It allows for amendments to the agreement with the mutual consent of both parties to account for any changes in laws, regulations, or business circumstances affecting the distribution of the fund's shares in Ohio. Different types of Ohio Distribution Agreements may be named based on specific circumstances or parameters, such as: 1. Initial Distribution Agreement: This agreement governs the initial offering and distribution of the fund's shares in Ohio and can be followed by subsequent agreements for continuous offerings. 2. Evergreen Distribution Agreement: This type of agreement allows for the continuous offering of the fund's shares in Ohio without a specific termination date, subject to the fulfillment of certain conditions and ongoing compliance. 3. Limited Duration Distribution Agreement: This agreement covers the distribution of the fund's shares in Ohio for a predetermined period or until a specific goal, such as fundraising target, is achieved. 4. Non-Exclusive Distribution Agreement: This type of agreement allows the fund to engage multiple distributors to sell its shares in Ohio simultaneously, each with their own separate agreement and compensation terms. Each type of Ohio Distribution Agreement may have specific clauses and provisions tailored to the respective arrangement and objectives of the fund and the distributor.