Compensation and Services to be Rendered. (a) The Fund will pay the Distributor an annual Service Fee in compensation for its services in connection with the servicing of shareholder accounts as contemplated by the Plan. The Service Fee paid will be calculated daily and paid monthly by the Fund at the annual rate of .25% of the average annual net assets of the Fund represented by the Level-Payment Shares. (b) The Service Fee will be used by the Distributor to provide compensation for ongoing servicing and/or maintenance of shareholder accounts and to cover an allocable portion of overhead and other office expenses of the Distributor and/or selected dealers related to the servicing and/or maintenance of shareholder accounts. It is understood that compensation may be paid by the Distributor to persons, including employees of the Distributor, who respond to inquiries of Level-Payment Shareholders of the Fund regarding their ownership of shares or their accounts with the Fund or who provide other similar services not otherwise required to be provided by the Fund's investment manager, transfer agent or other agent of the Fund.
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Samples: Shareholder Services Agreement (Aquila Municipal Trust), Shareholder Services Agreement (Aquila Municipal Trust), Shareholder Services Agreement (Aquila Municipal Trust)
Compensation and Services to be Rendered. (a) The Fund Trust will pay the Distributor an annual Service Fee in compensation for its services in connection with the servicing of shareholder accounts as contemplated by the Plan. The Service Fee paid will be calculated daily and paid monthly by the Fund Trust at the annual rate of .25% of the average annual net assets of the Fund Trust represented by the Level-Payment Shares.
(b) The Service Fee will be used by the Distributor to provide compensation for ongoing servicing and/or maintenance of shareholder accounts and to cover an allocable portion of overhead and other office expenses of the Distributor and/or selected dealers related to the servicing and/or maintenance of shareholder accounts. It is understood that compensation may be paid by the Distributor to persons, including employees of the Distributor, who respond to inquiries of Level-Payment Shareholders of the Fund Trust regarding their ownership of shares or their accounts with the Fund Trust or who provide other similar services not otherwise required to be provided by the FundTrust's investment manager, transfer agent or other agent of the FundTrust.
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Samples: Shareholder Services Agreement (Tax Free Trust of Arizona), Shareholder Services Agreement (Hawaiian Tax Free Trust)
Compensation and Services to be Rendered. (a) The Fund Trust will pay the Distributor an annual fee (the "Service Fee Fee") in compensation for its services in connection with the servicing of shareholder accounts as contemplated by the Planaccounts. The Service Fee paid will be calculated daily and paid monthly by the Fund Trust at the annual rate of .25% of the average annual net assets of the Fund Trust represented by the Level-Payment ("Class C") Shares.
(b) The Service Fee will be used by the Distributor to provide compensation for ongoing servicing and/or maintenance of shareholder accounts and to cover an allocable portion of overhead and other office expenses of the Distributor and/or selected dealers related to the servicing and/or maintenance of shareholder accounts. It is understood that compensation may be paid by the Distributor to persons, including employees of the Distributor, who respond to inquiries of Level-Payment Shareholders of the Fund Trust regarding their ownership of shares or their accounts with the Fund Trust or who provide other similar services not otherwise required to be provided by the FundTrust's investment manager, transfer agent or other agent of the FundTrust.
Appears in 1 contract
Samples: Shareholder Servicing Agreement (Tax Free Trust of Arizona)
Compensation and Services to be Rendered. (a) The Fund will pay the Distributor an annual fee (the "Service Fee Fee") in compensation for its services in connection with the servicing of shareholder accounts as contemplated by the Planaccounts. The Service Fee paid will be calculated daily and paid monthly by the Fund at the annual rate of .25% of the average annual net assets of the Fund represented by the Level-Payment ("Class C") Shares.
(b) The Service Fee will be used by the Distributor to provide compensation for ongoing servicing and/or maintenance of shareholder accounts and to cover an allocable portion of overhead and other office expenses of the Distributor and/or selected dealers related to the servicing and/or maintenance of shareholder accounts. It is understood that compensation may be paid by the Distributor to persons, including employees of the Distributor, who respond to inquiries of Level-Payment Shareholders of the Fund regarding their ownership of shares or their accounts with the Fund or who provide other similar services not otherwise required to be provided by the Fund's investment manager, transfer agent or other agent of the Fund.
Appears in 1 contract
Samples: Shareholder Servicing Agreement (Hawaiian Tax Free Trust)