Distribution and Service Fee Sample Clauses

Distribution and Service Fee. 8.1 The Distributor shall be reimbursed from those Funds that have adopted a Distribution Plan pursuant to Rule 12b-1 under the Act as (the “Distribution Plan Funds”) for costs and expenses incurred by Distributor in providing services which are intended to result in the sale of the Shares, subject to the terms and conditions of the Fund’s Distribution Plan and to the limits on the amounts that may be reimbursed under the Distribution Plan (“Distribution Fee”). Amounts for which reimbursement may be sought under the Distribution Plan include (a) direct out-of-pocket promotional expenses incurred by the Distributor in connection with the advertising and marketing of the Shares; and (b) payments to one or more securities dealers, financial institutions or other industry professionals and financial intermediaries, such as, but not limited to investment advisers, accountants and estate planning firms, including affiliates of the Distributor, for distribution assistance. The Fund may not reimburse the Distributor for any distribution expenses in excess of the maximum allowable Distribution Fee. The Distribution Fee shall be accrued daily and shall be paid on the first business day of each month, or at such time(s) as the Distributor shall reasonably request. The Distribution Fee for a particular class of Shares or for one Fund may not be used to reimburse the Distributor for services rendered to another class of Shares or another Fund. 8.2 So long as the Distribution Plan is in effect, the Distributor shall provide the Fund, or its agents, with quarterly written reports of the amounts expended pursuant to the Distribution Plan and the purposes for which such expenditures were made and with such other reports as the Fund or its agent may reasonably request. After the termination of the Distribution Plan or this Agreement, the Fund shall not be obligated to pay the Distribution Fee or any continuing servicing fee with respect to any Shares, regardless of whether the Shares were sold by Distributor prior to the termination of this Agreement.
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Distribution and Service Fee. GWFS hereby appoints Financial Intermediary to provide distribution and other services to its customers who invest in and own shares that pay a fee under distribution and service plans (“Distribution and Service Plans”) adopted for a class of a Fund pursuant to Rule 12b-1 under the Investment Company Act. To the extent Financial Intermediary provides the distribution and other services described in Section 11, above,, to the extent permitted by applicable statutes, rules, or regulations, GWFS shall pay Financial Intermediary the Rule 12b-1 distribution and service fee (“Distribution and Service Fee”). All Distribution and Service Fees shall be based on the value of shares attributable to customers and eligible for such payment, and shall be calculated on the basis and at the rates set forth in the compensation schedule then in effect for the applicable Distribution and Service Plan. The Distribution and Service Fees shall be accrued daily and paid monthly or at such other intervals permitted under the Distribution and Service Plan as the parties may agree. Financial Intermediary acknowledges that the Distribution and Service Fees will be paid solely from monies received by GWFS pursuant to the Distribution and Service Plan, and that any obligation of GWFS to pay Financial Intermediary the Distribution and Service Fees shall not arise unless and until GWFS receives from the relevant share class monies intended to be used by GWFS for such purpose and in amounts sufficient for such purpose. The provisions and terms of the Distribution and Service Plan are described in the Prospectuses, and Financial Intermediary agrees that GWFS has made no representations to Financial Intermediary with respect to the Distribution and Service Plan in addition to, or conflicting with, the description set forth in the Prospectuses. Financial Intermediary understands and agrees that (i) all Distribution and Service Fees are subject to the limitations contained in the Distribution and Service Plan, which may be amended or terminated at any time, and (ii) Financial Intermediary's failure to provide services as agreed in this Agreement will render Financial Intermediary ineligible to receive Distribution and Service Fees. GWFS and Great-West Funds on behalf of each Fund reserve the right, in its sole discretion to change the Distribution and Service Fees payable to Financial Intermediary pursuant to this Agreement at any time upon written notice to Financial Intermediary. Schedule ...
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Distribution and Service Fee. A fee charged to support the distribution and marketing of the Plan. A portion of this Fee may be redistributed to Dealers. Distribution Tax: A federal surtax required by the Code that is equal to 10% of the earnings portion of a Non- Qualified Distribution.
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Distribution and Service Fee. Company shall NOT invoice JHF for Rule 12b-1 Distribution and Service Fees under the terms of this Agreement. The parties acknowledge and agree that such fees shall be paid by JHF to the Company or its affiliate in accordance with the terms of the Selling Agreement in effect between JHF and the Company or its affiliate.
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Distribution and Service Fee. The Advisor Class Units are subject to an ongoing annual Distribution and Service Fee of Portfolio assets attributable to such Unit class. This fee is paid quarterly to Dealers. The Dealers may pay some portion or the entire amount received to third parties, such as your Financial Advisor, that provide distribution and Account servicing functions. See the Plan Fee and Expense Information – Advisor Class Units table below. DIRECT CLASS UNITS INVESTMENT OPTIONS ANNUAL ASSET-BASED FEE1 ADDITIONAL INVESTOR EXPENSES Portfolio Estimated Underlying Fund Expenses2 State Administrative Fee Plan Management Fee3 Total Annual Asset- Based Fee4 Annual Account Maintenance Fee5 Aggressive Growth Portfolio 0.04% 0.10% 0.34% 0.48% $20 Aggressive Portfolio 0.04% 0.10% 0.34% 0.48% $20 Growth Portfolio 0.04% 0.10% 0.34% 0.48% $20 Blended Growth Portfolio 0.04% 0.10% 0.34% 0.48% $20 Moderate Growth Portfolio 0.04% 0.10% 0.34% 0.48% $20 Blended Moderate Growth Portfolio 0.04% 0.10% 0.34% 0.48% $20 Conservative Growth Portfolio 0.04% 0.10% 0.34% 0.48% $20 Conservative Portfolio 0.04% 0.10% 0.34% 0.48% $20 Income Portfolio 0.04% 0.10% 0.34% 0.48% $20 Balanced Income Portfolio 0.03% 0.10% 0.35% 0.48% $20 Conservative Income Portfolio 0.03% 0.10% 0.35% 0.48% $20 Interest Accumulation Portfolio 0.02%6 0.10% 0.36% 0.48% $20 1 Expressed as an annual percentage of the average daily net assets of each Portfolio.
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Distribution and Service Fee. Class A and Class C Units of each Portfolio are subject to the following annual distribution and service fee, based on Portfolio assets attributable to such Unit class. Advisor Class Units are not subject to a distribution and service fee. Class Annual Distribution and Service Fee Class A 0.25% Advisor Class None This fee is accrued daily and is factored into the Portfolio’s Unit value. Except as disclosed below for certain Class C Units, this fee is paid to JPMDS and your financial intermediary for the performance of certain distribution and Account servicing functions.
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Related to Distribution and Service Fee

  • Distribution Fee The distribution fee payable to the Dealer Manager as additional compensation for serving as the dealer manager for the Offering and reallowable to Soliciting Dealers with respect to Shares sold by them, as described in the Corporation’s Prospectus.

  • Service Fee In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “Minimum Holding Period”), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (i) “Advance Service Fee Payments” at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.

  • Distribution Assistance Fees (Asset-Based Sales Charge) Payments In its sole discretion and irrespective of whichever alternative method of making service fee payments to Recipients is selected by the Distributor, in addition the Distributor may make distribution assistance fee payments to a Recipient quarterly, or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days after the end of each calendar quarter or other period, at a rate not to exceed 0.1875% (0.75% on an annual basis) of the average during the period of the aggregate net asset value of Shares computed as of the close of each business day constituting Qualified Holdings owned beneficially or of record by the Recipient or its Customers until such Shares are redeemed or converted to another class of shares of the Fund, provided, however, that a majority of the Independent Trustees may, but are not obligated to, set a time period (the "Recipient Maximum Holding Period") for making such payments. Distribution assistance fee payments shall be made only to Recipients that are registered with the SEC as a broker-dealer or are exempt from registration. The distribution assistance to be rendered by the Recipients in connection with the sale of Shares may include, but shall not be limited to, the following: distributing sales literature and prospectuses other than those furnished to current Shareholders, providing compensation to and paying expenses of personnel of the Recipient who support the distribution of Shares by the Recipient, and providing such other information and services in connection with the distribution of Shares as the Distributor or the Fund may reasonably request.

  • Distribution Assistance Fees (Asset-Based Sales Charge) Within ten (10) days of the end of each month or at such other period as deemed appropriate by the Distributor, the Fund will make payments in the aggregate amount of up to 0.75% on an annual basis of the average during the month of the aggregate net asset value of Shares computed as of the close of each business day (the “Asset-Based Sales Charge”) outstanding until such Shares are redeemed or converted to another class of shares of the Fund, provided, however, that a majority of the Independent Trustees may, but are not obligated to, set a time period (the “Fund Maximum Holding Period”) from time to time for such payments. Such Asset-Based Sales Charge payments received from the Fund will compensate the Distributor for providing distribution assistance in connection with the sale of Shares. The distribution assistance to be rendered by the Distributor in connection with the Shares may include, but shall not be limited to, the following: (i) paying sales commissions to any broker, dealer, bank or other person or entity that sells Shares, and/or paying such persons “Advance Service Fee Payments” (as defined below) in advance of, and/or in amounts greater than, the amount provided for in Section 3(b) of this Agreement; (ii) paying compensation to and expenses of personnel of the Distributor who support distribution of Shares by Recipients; (iii) obtaining financing or providing such financing from its own resources, or from an affiliate, for the interest and other borrowing costs of the Distributor's unreimbursed expenses incurred in rendering distribution assistance and administrative support services to the Fund; and (iv) paying other direct distribution costs, including without limitation the costs of sales literature, advertising and prospectuses (other than those prospectuses furnished to current holders of the Fund's shares ("Shareholders")) and state "blue sky" registration expenses.

  • Distribution Assistance Fees (Asset-Based Sales Charge). Within ten (10) days of the end of each month, the Fund will make payments in the aggregate amount of 0.0625% (0.75% on an annual basis) of the average during the month of the aggregate net asset value of Shares computed as of the close of each business day (the "Asset-Based Sales Charge"). Such Asset-Based Sales Charge payments received from the Fund will compensate the Distributor for providing distribution assistance in connection with the sale of Shares. The distribution assistance services to be rendered by the Distributor in connection with the Shares may include, but shall not be limited to, the following: (i) paying sales commissions to any broker, dealer, bank or other person or entity that sells Shares, and/or paying such persons "Advance Service Fee Payments" (as defined below) in advance of, and/or in amounts greater than, the amount provided for in Section 3(b) of this Agreement; (ii) paying compensation to and expenses of personnel of the Distributor who support distribution of Shares by Recipients; (iii) obtaining financing or providing such financing from its own resources, or from an affiliate, for the interest and other borrowing costs of the Distributor's unreimbursed expenses incurred in rendering distribution assistance and administrative support services to the Fund; and (iv) paying other direct distribution costs, including without limitation the costs of sales literature, advertising and prospectuses (other than those prospectuses furnished to current holders of the Fund's shares ("Shareholders")) and state "blue sky" registration expenses.

  • Monthly Fee The fee for the parking spaces shall be $ per month for parking space(s). each all

  • Service Fees Pricing and procedure details provided in the original signed agreement.

  • Cash Distribution Fee by any Holder of ADSs, a fee not in excess of U.S. $5.00 per 100 ADSs (or fraction thereof) held for the distribution of cash dividends or other cash distributions (e.g., upon a sale of rights and other entitlements);

  • Monthly Fees ACS will xxxx Customer each month during the term of this Agreement based on number of "Actions" which occurred during the prior month. The definition of "Actions" and fees for each Action will be documented in each Task Order. Customer shall cause ACS to be paid the foregoing fees on a monthly basis within thirty (30) days of ACS' delivery of an invoice for the preceding month's Actions.

  • Maintenance Fee The Maintenance Fee (SEE SCHEDULE - ACCUMULATION PERIOD) will be deducted during the Accumulation Period from the Account Value on each anniversary of the Account Effective Date and upon withdrawal of the entire Account.

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