Chicago Illinois Distribution Agreement regarding the continuous offering of the Fund's shares

• Category: Corporations - Public - Distribution
• State: Multi-State
• City: Chicago
• 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 Chicago Illinois Distribution Agreement is a legally binding document that outlines the terms and conditions between a fund and a distributor in relation to the continuous offering of the fund's shares. This agreement applies specifically to the jurisdiction of Chicago, Illinois, and is crucial in regulating the distribution and sale of the fund's shares to investors in the region. The Chicago Illinois Distribution Agreement encompasses various aspects relevant to the continuous offering of the fund's shares. It establishes clear guidelines on the responsibilities and obligations of both the fund and the distributor. Key components typically included within this agreement are: 1. Territory: The agreement specifies that it pertains to the distribution of the fund's shares exclusively within the geographical boundaries of Chicago, Illinois. 2. Appointment and Authorization: The agreement outlines the appointment of the distributor as the authorized entity responsible for selling and distributing the fund's shares within the designated territory. 3. Sales and Marketing: It describes the marketing strategies, advertising guidelines, and promotional activities that the distributor is entitled to engage in to attract potential investors within the Chicago area. This may include leveraging various channels such as print media, online platforms, or direct marketing. 4. Distribution Channels: The agreement defines the approved distribution channels through which the distributor may offer and sell the fund's shares. Examples could include financial institutions, registered broker-dealers, or licensed investment advisors. 5. Compliance and Regulatory Requirements: It highlights the legal and regulatory obligations that both parties must adhere to, ensuring compliance with local and federal laws, particularly those specific to the distribution and sale of securities within Chicago and the state of Illinois. 6. Reporting and Record-Keeping: It specifies the frequency and format of reporting and record-keeping obligations placed on the distributor, which may include maintaining accurate records of shareholder transactions, providing regular sales reports, or submitting regulatory filings as mandated by relevant authorities. Different types of Chicago Illinois Distribution Agreements regarding the continuous offering of the Fund's shares may include variations such as: 1. Exclusive Distribution Agreement: This grants sole distribution rights to a single distributor within the territory of Chicago, Illinois. The agreement may specify performance expectations, exclusivity periods, and termination conditions. 2. Non-Exclusive Distribution Agreement: In contrast to the exclusive agreement, this allows the fund to appoint multiple distributors within Chicago, Illinois, enabling broader reach and potentially higher sales volumes. Each distributor operates independently, and the agreement may outline obligations and compensation structures specific to each. 3. Sub-Distribution Agreement: This arrangement allows the appointed distributor to further delegate the distribution responsibilities to sub-distributors or sales agents under their control. The sub-distributor assumes specific obligations and generates sales on behalf of the primary distributor within the Chicago area. It is essential for both parties, the fund, and the distributor, to clearly understand the terms and conditions outlined in the Chicago Illinois Distribution Agreement. Proper legal counsel should be sought to ensure compliance with all applicable laws and to protect the rights and interests of both parties involved in the continuous offering of the fund's shares within Chicago, Illinois.

Chicago Illinois Distribution Agreement is a legally binding document that outlines the terms and conditions between a fund and a distributor in relation to the continuous offering of the fund's shares. This agreement applies specifically to the jurisdiction of Chicago, Illinois, and is crucial in regulating the distribution and sale of the fund's shares to investors in the region. The Chicago Illinois Distribution Agreement encompasses various aspects relevant to the continuous offering of the fund's shares. It establishes clear guidelines on the responsibilities and obligations of both the fund and the distributor. Key components typically included within this agreement are: 1. Territory: The agreement specifies that it pertains to the distribution of the fund's shares exclusively within the geographical boundaries of Chicago, Illinois. 2. Appointment and Authorization: The agreement outlines the appointment of the distributor as the authorized entity responsible for selling and distributing the fund's shares within the designated territory. 3. Sales and Marketing: It describes the marketing strategies, advertising guidelines, and promotional activities that the distributor is entitled to engage in to attract potential investors within the Chicago area. This may include leveraging various channels such as print media, online platforms, or direct marketing. 4. Distribution Channels: The agreement defines the approved distribution channels through which the distributor may offer and sell the fund's shares. Examples could include financial institutions, registered broker-dealers, or licensed investment advisors. 5. Compliance and Regulatory Requirements: It highlights the legal and regulatory obligations that both parties must adhere to, ensuring compliance with local and federal laws, particularly those specific to the distribution and sale of securities within Chicago and the state of Illinois. 6. Reporting and Record-Keeping: It specifies the frequency and format of reporting and record-keeping obligations placed on the distributor, which may include maintaining accurate records of shareholder transactions, providing regular sales reports, or submitting regulatory filings as mandated by relevant authorities. Different types of Chicago Illinois Distribution Agreements regarding the continuous offering of the Fund's shares may include variations such as: 1. Exclusive Distribution Agreement: This grants sole distribution rights to a single distributor within the territory of Chicago, Illinois. The agreement may specify performance expectations, exclusivity periods, and termination conditions. 2. Non-Exclusive Distribution Agreement: In contrast to the exclusive agreement, this allows the fund to appoint multiple distributors within Chicago, Illinois, enabling broader reach and potentially higher sales volumes. Each distributor operates independently, and the agreement may outline obligations and compensation structures specific to each. 3. Sub-Distribution Agreement: This arrangement allows the appointed distributor to further delegate the distribution responsibilities to sub-distributors or sales agents under their control. The sub-distributor assumes specific obligations and generates sales on behalf of the primary distributor within the Chicago area. It is essential for both parties, the fund, and the distributor, to clearly understand the terms and conditions outlined in the Chicago Illinois Distribution Agreement. Proper legal counsel should be sought to ensure compliance with all applicable laws and to protect the rights and interests of both parties involved in the continuous offering of the fund's shares within Chicago, Illinois.