BROKER’S COMPENSATION. If the Fund has adopted a plan pursuant to Rule 12b-1 under the Investment Company Act of 1940 (a “Plan”), the Managing Dealer may make distribution and/or shareholder servicing payments to the Broker under the Plan in an amount and manner set forth in the Prospectus. Such payments shall be made or cause to be made at the Managing Dealer’s direction. Any distribution and/or shareholder servicing payments will be in effect with respect to the Fund only so long as that Fund’s Plan remains in effect. Except as may be provided in the “Plan of Distribution” section of the Prospectus, which may be amended or supplemented from time to time, as compensation for completed sales and ongoing shareholder services rendered by the Broker hereunder, the Broker is entitled, on the terms and subject to the conditions herein, to the compensation set forth on Schedule I hereto.
Appears in 6 contracts
Samples: Managing Dealer Agreement (AB Private Lending Fund), Managing Dealer Agreement (AB Private Lending Fund), Managing Dealer Agreement (Fidelity Private Credit Fund)
