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Common use of Commission Shares Clause in Contracts

Commission Shares. Each Commission Share of Fund is specifically tracked, on the records maintained by the Transfer Agent of Sub-Transfer Agents for such Fund with reference to an "original issuance date" (a) of the Commission Share in question or (b) of the Commission Share from which the Commission Share in question derived through one or more Permitted Free Exchanges. The Commission Shares of each class of Shares of each Fund outstanding from time to time attributed to the Distributor shall be: (a) all Commission Shares of such class of such Fund issued, on or prior to the Cutoff Date for such class of such Fund, other than in a Permitted Free Exchange, and (b) those Commission Shares of such class of such Fund that are (i) issued in a Permitted Free Exchange in exchange for (ii) Shares of another Fund that had been attributed to the Distributor in accordance with the preceding clause (a) of this paragraph, in each case determined in accordance with the records maintained by the Transfer Agent or Sub-Transfer Agents for such Fund. For the avoidance of doubt, all Commission Shares issued during periods in which Funds Distributor, Inc., Xxxxxxx Financial Services or WM Fund Services, Inc. served as distributor under the Agreement or any predecessor agreement together with all Commission Shares derived from such Commission Shares, whether pursuant to one or more Permitted Free Exchanges or otherwise, shall be attributed to the Distributor. (a) those Commission Shares of such class of Shares of such Fund issued, after the Cutoff Date for such class of Shares of such Fund, other than in a Permitted Free Exchange, and (b) those Commission Shares of such class of such Fund that are (i) issued in a Permitted Free Exchange in exchange for (ii) Shares of another Fund that were attributed to an Other Distributor in accordance with the immediately preceding clause (a) of this paragraph, in each case determined in accordance with the records maintained by the Transfer Agent or Sub-Transfer Agents for such Fund.

Appears in 2 contracts

Samples: Distribution Agreement (Wm Trust I), Distribution Agreement (Wm Strategic Asset Management Portfolios)

Commission Shares. Each Commission Share of Fund is specifically tracked, on the records maintained by the Transfer Agent of Sub-Transfer Agents for such Fund with reference to an "original issuance date" (a) of the Commission Share in question or (b) of the Commission Share from which the Commission Share in question derived through one or more Permitted Free Exchanges. The Commission Shares of each class of Shares of each Fund outstanding from time to time attributed to the Distributor shall be: (a) all Commission Shares of such class of such Fund issued, on or prior to the Cutoff Date for such class of such Fund, other than in a Permitted Free Exchange, and (b) those Commission Shares of such class of such Fund that are (i) issued in a Permitted Free Exchange in exchange for (ii) Shares of another Fund that had been attributed to the Distributor in accordance with the preceding clause (a) of this paragraph, in each case determined in accordance with the records maintained by the Transfer Agent or Sub-Transfer Agents for such Fund. For the avoidance of doubt, all Commission Shares issued during periods in which Funds Distributor, Inc., Xxxxxxx Financial Grifxxx Xxxancial Services or WM Fund Services, Inc. served as distributor under the Agreement or any predecessor agreement together with all Commission Shares derived from such Commission Shares, whether pursuant to one or more Permitted Free Exchanges or otherwise, shall be attributed to the Distributor. (a) those Commission Shares of such class of Shares of such Fund issued, after the Cutoff Date for such class of Shares of such Fund, other than in a Permitted Free Exchange, and (b) those Commission Shares of such class of such Fund that are (i) issued in a Permitted Free Exchange in exchange for (ii) Shares of another Fund that were attributed to an Other Distributor in accordance with the immediately preceding clause (a) of this paragraph, in each case determined in accordance with the records maintained by the Transfer Agent or Sub-Transfer Agents for such Fund.

Appears in 1 contract

Samples: Distribution Agreement (Wm Strategic Asset Management Portfolios)

Commission Shares. Each Commission Share of Fund a Portfolio is specifically tracked, on the records maintained by the Transfer Agent of or Sub-Transfer Agents for such Fund Portfolio with 26 reference to an "original issuance date" (a) of the Commission Share in question or (b) of the Commission Share from which the Commission Share in question derived through one or more Permitted Free Exchanges. The Commission Shares of each class of Shares of each Fund Portfolio outstanding from time to time attributed to the Distributor Sierra Services shall be: (a) all those Commission Shares of such class of such Fund Portfolio issued, on or after the Commencement Date and on or prior to the Cutoff Date for such class of such FundPortfolio, other than in a Permitted Free Exchange, and (b) those Commission Shares of such class of such Fund Portfolio that are (i) issued in a Permitted Free Exchange in exchange for (ii) Shares of another Fund Portfolio that had been attributed to the Distributor Sierra Services in accordance with the preceding clause (a) of this paragraph, in each case determined in accordance with the records maintained by the Transfer Agent or Sub-Transfer Agents for such FundPortfolio. For the avoidance of doubt, all The Commission Shares issued during periods in which Funds Distributor, Inc., Xxxxxxx Financial Services or WM Fund Services, Inc. served as distributor under the Agreement or any predecessor agreement together with all Commission of each class of Shares derived of each Portfolio outstanding from such Commission Shares, whether pursuant time to one or more Permitted Free Exchanges or otherwise, shall be time attributed to the Distributor. Other Distributors shall be: (a) those Commission Shares of such class of Shares of such Fund Portfolio issued, prior to the Commencement Date or after the Cutoff Date for such class of Shares of such FundPortfolio, other than in a Permitted Free Exchange, and (b) those Commission Shares of such class of such Fund Portfolio that are (i) issued in a Permitted Free Exchange in exchange for (ii) Shares of another Fund Portfolio that were attributed to an Other Distributor in accordance with the immediately preceding clause (a) of this paragraph, in each case determined in accordance with the records maintained by the Transfer Agent or Sub-Transfer Agents for such FundPortfolio.

Appears in 1 contract

Samples: Distribution Agreement (Sierra Asset Management Portfolios)