Common use of Asset-Based Sales Charge Payments Clause in Contracts

Asset-Based Sales Charge Payments. Irrespective of whichever alternative method of service fee payments is selected by the Distributor, in addition the Distributor shall make asset-based sales charge payments to each Recipient quarterly, within forty-five (45) days after the end of each calendar quarter, at a rate not to exceed 0.1875% (0.75% on an annual basis) of the average during the calendar quarter of the aggregate net asset value of shares computed as of the close of each business day constituting "Qualified Holdings" owned beneficially or of record by the Recipient or its Customers for a period of more than one (1) year. However, no such payments shall be made to any Recipient for any such quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees.

Asset-Based Sales Charge Payments. Irrespective of whichever which alternative method of service fee payments payment is selected by the Distributor, in addition the Distributor shall make asset-based sales charge payments to each any Recipient quarterly, within forty-five (45) days after of the end of each calendar quarter, at a rate not to exceed 0.1875% (0.75% on an annual basis) of the average during the calendar quarter of the aggregate net asset value of shares Shares computed as of the close of each business day constituting "Qualified Holdings" Holdings owned beneficially or of record by the Recipient or its Customers for a period of more than one (1) year. However, no such service fee or asset-based sales charge payments (collectively, the "Recipient Payments") shall be made to any Recipient for any such quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may to be set from time to time by a majority of the Independent TrusteesDirectors.

Asset-Based Sales Charge Payments. Irrespective of whichever alternative method of service fee payments is selected by the Distributor, in addition the Distributor shall make asset-based sales charge payments to each any Recipient quarterly, within forty-five (45) days after of the end of each calendar quarter, at a rate not to exceed 0.1875% (0.75% on an annual basis) of the average during the calendar quarter of the aggregate net asset value of shares computed as of the close of each business day constituting "Qualified Holdings" owned beneficially or of record by the Recipient or its Customers for a period of not more than one (1) year. However, no such payments shall be made to any Recipient for any such quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may to be set from time to time by a majority of the Independent Trustees.