Common use of Distribution and Service Expenses Clause in Contracts

Distribution and Service Expenses. Each Portfolio shall pay to the Distributor a fee in the amount specified in Article III hereof as compensation for distribution of Class L shares and for providing or arranging for the provision of services to Class L shareholders. Such fee may be spent by the Distributor on any activities or expenses primarily intended to result in the sale of Class L shares of the Portfolio and/or for providing or arranging for the provision of services to the Portfolio’s Class L shareholders, including, but not limited to:

Appears in 2 contracts

Samples: To Agreement (Maxim Series Fund Inc), Agreement Pursuant to Distribution and Service Plan (Maxim Series Fund Inc)

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Distribution and Service Expenses. Each Portfolio shall pay to the Distributor a fee in the amount specified in Article III hereof as compensation for distribution of Class L shares and for providing or arranging for the provision of services to Class L shareholdersshareholders (which, for purposes of the Plan, include beneficial owners of Class L shares). Such fee may be spent by the Distributor on any activities or expenses primarily intended to result in the sale of Class L shares of the Portfolio and/or for providing or arranging for the provision of services to the Portfolio’s Class L shareholders, including, but not limited to:

Appears in 2 contracts

Samples: To Agreement (Great-West Funds Inc), To Agreement (Maxim Series Fund Inc)

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