Oklahoma 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 Oklahoma Distribution Agreement plays a crucial role in the continuous offering of a Fund's shares within the state of Oklahoma, ensuring compliance with local laws and regulations. This legally binding document outlines the terms and conditions for the distribution and sale of the Fund's shares to investors in Oklahoma. Here is a detailed description of what such an agreement entails, along with relevant keywords: 1. Parties: The agreement specifies the parties involved, including the fund manager or sponsor, the distributor, and potentially any appointed sub-distributors or intermediaries. 2. Distribution Rights and Territory: It outlines the distributor's exclusive or non-exclusive rights to distribute the Fund's shares within the state of Oklahoma. The agreement also defines the territorial boundaries within which the distributor can operate. 3. Registration and Compliance: The agreement states that the distributor must adhere to all relevant federal and state securities laws, including registration requirements and compliance with the Oklahoma Department of Securities. 4. Marketing and Sales Efforts: It outlines the distributor's responsibilities concerning marketing and sales efforts, including advertising, promotion, and customer support. The agreement may also specify any limitations or restrictions on marketing strategies and materials. 5. Distribution Fees and Compensation: The agreement details the fees or commissions payable to the distributor for the sale and distribution of the Fund's shares in Oklahoma. It includes information about how the distributor's compensation is calculated, frequency of payments, and any additional expenses reimbursed. 6. Reporting and Record keeping: The agreement highlights the distributor's obligation to maintain accurate records and provide periodic reports, including sales data, investor information, and any required regulatory filings. 7. Termination and Amendments: It outlines the conditions under which the agreement can be terminated, including breaches, bankruptcy, or expiration. Additionally, it may indicate the procedure for amending the agreement, requiring mutual consent or specific notice periods. Types of Oklahoma Distribution Agreement regarding the continuous offering of the Fund's shares: 1. Exclusive Distribution Agreement: This type of agreement grants a single distributor the exclusive rights to distribute the Fund's shares in Oklahoma, prohibiting other distributors from participating in the sale within the specified territory. 2. Non-Exclusive Distribution Agreement: In contrast to an exclusive agreement, a non-exclusive distribution agreement allows multiple distributors to sell the Fund's shares in Oklahoma, therefore promoting broader market penetration and potential investor reach. By implementing an Oklahoma Distribution Agreement, fund managers can ensure proper distribution channels, compliant operations, and effective marketing strategies within the state. This agreement serves as a vital tool in facilitating the continuous offering of the Fund's shares, protecting both the interests of the fund and the rights of investors.

Oklahoma Distribution Agreement plays a crucial role in the continuous offering of a Fund's shares within the state of Oklahoma, ensuring compliance with local laws and regulations. This legally binding document outlines the terms and conditions for the distribution and sale of the Fund's shares to investors in Oklahoma. Here is a detailed description of what such an agreement entails, along with relevant keywords: 1. Parties: The agreement specifies the parties involved, including the fund manager or sponsor, the distributor, and potentially any appointed sub-distributors or intermediaries. 2. Distribution Rights and Territory: It outlines the distributor's exclusive or non-exclusive rights to distribute the Fund's shares within the state of Oklahoma. The agreement also defines the territorial boundaries within which the distributor can operate. 3. Registration and Compliance: The agreement states that the distributor must adhere to all relevant federal and state securities laws, including registration requirements and compliance with the Oklahoma Department of Securities. 4. Marketing and Sales Efforts: It outlines the distributor's responsibilities concerning marketing and sales efforts, including advertising, promotion, and customer support. The agreement may also specify any limitations or restrictions on marketing strategies and materials. 5. Distribution Fees and Compensation: The agreement details the fees or commissions payable to the distributor for the sale and distribution of the Fund's shares in Oklahoma. It includes information about how the distributor's compensation is calculated, frequency of payments, and any additional expenses reimbursed. 6. Reporting and Record keeping: The agreement highlights the distributor's obligation to maintain accurate records and provide periodic reports, including sales data, investor information, and any required regulatory filings. 7. Termination and Amendments: It outlines the conditions under which the agreement can be terminated, including breaches, bankruptcy, or expiration. Additionally, it may indicate the procedure for amending the agreement, requiring mutual consent or specific notice periods. Types of Oklahoma Distribution Agreement regarding the continuous offering of the Fund's shares: 1. Exclusive Distribution Agreement: This type of agreement grants a single distributor the exclusive rights to distribute the Fund's shares in Oklahoma, prohibiting other distributors from participating in the sale within the specified territory. 2. Non-Exclusive Distribution Agreement: In contrast to an exclusive agreement, a non-exclusive distribution agreement allows multiple distributors to sell the Fund's shares in Oklahoma, therefore promoting broader market penetration and potential investor reach. By implementing an Oklahoma Distribution Agreement, fund managers can ensure proper distribution channels, compliant operations, and effective marketing strategies within the state. This agreement serves as a vital tool in facilitating the continuous offering of the Fund's shares, protecting both the interests of the fund and the rights of investors.