Advance Commissions. With respect to Shares subject to a contingent deferred sales charge (“CDSC”), FSC will pay to Dealer the applicable percentage of any advance commission as set forth in the Prospectus and in Schedule 1 to this Agreement. In no event shall Dealer deduct the amount of any advance commission from the public offering price of the Shares that must be forwarded to the Fund. In order to receive advance commissions from FSC on Shares subject to a CDSC, Dealer must:
(i) open investor accounts with the Fund on a fully-disclosed basis; or
(ii) agree in writing to collect and remit the applicable CDSC in a manner acceptable to FSC and the Funds. If at any time during the applicable CDSC holding period (as described in the Prospectus for such Shares), Dealer no longer satisfies the requirements set forth above (whether by transfer of record ownership or otherwise), Dealer agrees to pay to FSC the amount of CDSC that would have been payable upon the redemption of such Shares.
Advance Commissions. With respect to Shares subject to a contingent deferred sales charge (“CDSC”), Unified Financial will cause to be paid to Dealer the applicable percentage of any advance commission as set forth in the Prospectus and/or in Schedule 1 to this Agreement. In order to receive advance commissions on Shares subject to a CDSC, Dealer must:
(i) open investor accounts with the Fund on a fully-disclosed basis; or
(ii) agree in writing to collect and remit the applicable CDSC in a manner acceptable to Unified Financial and the Funds. If at any time during the applicable CDSC holding period (as described in the Prospectus for such Shares), Dealer no longer satisfies the requirements set forth above (whether by transfer of record ownership or otherwise), Dealer agrees to pay to Unified Financial or its designated agent the amount of CDSC that would have been payable upon the redemption of such Shares.
Advance Commissions. Any monies that may be paid to Associate as an advance against Associate s commissions, or Associate s Override Compensation, either or both of which are yet to be earned, that may become due and payable by WFG. B. Arbitration. The procedures set forth in this Section B to resolve all Grievances, unresolved in the normal course of business, to the extent any Party wishes to pursue the matter further. 1.
Advance Commissions. Broker shall refund any advance commissions on canceled policies and Premium reductions at the same rate upon which the Broker originally retained such commission. Broker shall pay such refunds directly to Broker’s customer or to a premium finance company, as applicable. Broker is solely liable for the issuance of refunds of Broker’s advance commissions.
Advance Commissions
