Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares. (ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Plan for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's applied on redemption of Class T share of the Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's current Prospectus. (iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine. (iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the Fund.
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Samples: Underwriting Agreement (Ing Equity Trust), Underwriting Agreement (Ing Equity Trust)
Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the National Association of Securities Dealers, Inc. ("NASD"), or of the Securities and Exchange Commission ("SEC"). The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares.
(ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the each Fund distribution and service fees under the terms and conditions set forth in the Class T Distribution Plan ("Class T Plan") for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Class T Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's applied on redemption of Class T share of the Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the FundTrust's current Prospectus.
(iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine.
(iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.
Appears in 2 contracts
Samples: Underwriting Agreement (Pilgrim Smallcap Opportunities Fund), Underwriting Agreement (Pilgrim Smallcap Opportunities Fund)
Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("“NYSE"”) and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's ’s current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares.
(ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Plan for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's ’s applied on redemption of Class T share of the Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's ’s current Prospectus.
(iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine.
(iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the Fund.
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Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares.
(ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Class T Distribution Plan ("Class T Plan") for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Class T Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's applied on redemption of Class T share of the such Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the FundTrust's current Prospectus.
(iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine.
(iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.
Appears in 1 contract
Samples: Underwriting Agreement (Pilgrim Growth Opportunities Fund)
Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the each Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") NYSE and the offering price based upon such net asset value shall become effective as set forth from time to time in the FundTrust's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, NASD or of the SEC. The Each Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T sharesshares (if any).
(ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the each Fund distribution and service fees under the terms and conditions set forth in the Plan for the each Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the each Fund all CDSC's CDSCs applied on redemption of Class T share shares of the such Fund. Whether and to what extent a contingent deferred sales charge CDSC will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the FundTrust's current Prospectus.
(iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges CDSCs which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine.
(iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge CDSC not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.
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Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the each Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") NYSE and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Trust’s Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, NASD or of the SEC. The Each Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T sharesshares (if any).
(ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the each Fund distribution and service fees under the terms and conditions set forth in the Plan for the each Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the each Fund all CDSC's CDSCs applied on redemption of Class T share shares of the such Fund. Whether and to what extent a contingent deferred sales charge CDSC will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's current Trust’s Prospectus.
(iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges CDSCs which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine.
(iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge CDSC not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.
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Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares.
(ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Plan for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's CDSCs applied on redemption of Class T share shares of the such Fund. Whether and to what extent a contingent deferred sales charge CDSC will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's current Prospectus.
(iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges CDSCs which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine.
(iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge CDSC not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the Fund.
Appears in 1 contract
Samples: Underwriting Agreement (Pilgrim Growth Opportunities Fund)
Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares.
(ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Plan for the Fund adopted under Rule 12b-1 under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's applied on redemption of Class T share of the Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's current Prospectus.
(iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine.
(iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the Fund.
Appears in 1 contract
Samples: Underwriting Agreement (Pilgrim Smallcap Opportunities Fund)
Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset aset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") NYSE and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, Inc., or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares.
(ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the each Fund distribution and service fees under the terms and conditions set forth in the Class T Distribution Plan ("Class T Plan") for the each Fund adopted under Rule 12b-1 under the 1940 Act, as that Class T Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the each Fund all CDSC's CDSCs applied on redemption of Class T share of the such Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the FundTrust's current Prospectus.
(iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine.
(iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.
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Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares.
(ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the Fund distribution and service fees under the terms and conditions set forth in the Plan for the Fund adopted under Rule 12b-1 12b-l under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the Fund all CDSC's applied on redemption of Class T share of the Fund. Whether and to what extent a contingent deferred sales charge will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the Fund's current Prospectus.
(iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine.
(iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the Fund.
Appears in 1 contract
Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the each Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange ("NYSE") NYSE and the offering price based upon such net asset value shall become effective as set forth from time to time in the FundTrust's current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of the NASD, NASD or of the SEC. The Each Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T sharesshares (if any).
(ii) As compensation for providing services under this Agreement, (A) the Underwriter shall receive from the each Fund distribution and service fees under the terms and conditions set forth in the Plan for the each Fund adopted under Rule 12b-1 12b-l under the 1940 Act, as that Plan may be amended from time to time and subject to any further limitation on such fees as the Trustees may impose, and (B) the Underwriter shall receive from the each Fund all CDSC's CDSCs applied on redemption of Class T share shares of the such Fund. Whether and to what extent a contingent deferred sales charge CDSC will be imposed with respect to a redemption shall be determined in accordance with, and in a manner set forth in, the FundTrust's current Prospectus.
(iii) The Underwriter may reallow any or all of the distribution and services fees and contingent deferred sales charges CDSCs which it is paid under the Agreement to such dealers as the Underwriter may from time to time determine.
(iv) The Underwriter may fix quantity discounts and other similar variances or waivers of the contingent deferred sales charge CDSC not inconsistent with the provisions of the 1940 Act; provided however, that the Underwriter shall not impose any commission, permit any quantity discount, or impose any other similar waiver or variance in connection with the sale of Class T shares except as disclosed in the current Prospectus of the FundTrust.
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