Annual Sales Fee Sample Clauses
Annual Sales Fee. Class C Units will pay an annual sales fee, payable monthly in advance, equal to the following schedule: Series I: one and one half percent (1.5%) of the Net Asset Value of its Capital Account; Series II: one percent (1.0%) of the Net Asset Value of its Capital Account; Series III: one half percent (0.5%) of the Net Asset Value of its Capital Account; Series IV: no annual sales fee. The annual sales fee will be charged monthly in advance and will be charged each year in perpetuity.
Annual Sales Fee. Limited Partners subscribing for Class C Interests will pay an annual sales fee, payable monthly in advance, equal to the following schedule: for total subscriptions of less than $100,000: one and one half percent (1.5%) of the Net Asset Value of their Capital Account; for total subscriptions of less than $500,000 but at least $100,000: one percent (1.0%) of the Net Asset Value of their Capital Account; for total subscriptions of less than $1,000,000 but at least $500,000: one half percent (0.5%) of the Net Asset Value of their Capital Account; for total subscriptions of at least $1,000,000: no annual sales fee. The annual sales fee will be charged monthly in advance and will be charged each year in perpetuity.
Annual Sales Fee. Limited Partners subscribing for Class C Interests will pay an annual sales fee, payable monthly in advance, equal to the following schedule: for total subscriptions of less than $50,000: two and one half percent (2.5%) of the Net Asset Value of their Capital Account; for total subscriptions of less than $100,000 but at least $50,000: two and one quarter percent (2.25%) of the Net Asset Value of their Capital Account; for total subscriptions of less than $250,000 but at least $100,000: two percent (2.0%) of the Net Asset Value of their Capital Account; for total subscriptions of less than $500,000 but at least $250,000: one and one half percent (1.5%) of the Net Asset Value of their Capital Account; for total subscriptions of less than $750,000 but at least $500,000: one percent (1.0%) of the Net Asset Value of their Capital Account; for total subscriptions of less than $1,000,000 but at least $750,000: one half percent (0.5%) of the Net Asset Value of their Capital Account; for total subscriptions of at least $1,000,000: no annual sales fee. The annual sales fee will be charged monthly in advance and may only be charged in connection with an initial or additional capital contribution for a maximum of twenty-four (24) months following such contribution.