Common use of Distribution Fee Payments Clause in Contracts

Distribution Fee Payments. The Company agrees to pay, with respect to each Portfolio, to the Insurance Company at the end of each month an amount equal to 0.15% of the average daily net asset value of the Class II Shares of such Portfolio held by the Insurance Company separate accounts during that month. The Insurance Company shall provide [insert name of applicable distributor] (the "Distributor"), at least quarterly, such information as reasonably requested by the Distributor to enable the Distributor to comply with the reporting requirements of Rule 12b-1 under the Investment Company Act ("Rule 12b-1") regarding the disbursement of the distribution fee during such period referred to in Paragraph 4 of the Distribution Plan entered into by the Company and the Distributor pursuant to Rule 12b-1 (the "Plan").

Appears in 3 contracts

Samples: Sub Agreement (BlackRock Variable Series Funds, Inc.), Sub Agreement (BlackRock Series Fund, Inc.), Sub Agreement (BlackRock Variable Series Funds, Inc.)

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Distribution Fee Payments. The Company agrees to pay, with respect to each Portfolio, to the Insurance Company at the end of each month an amount equal to 0.150.25% of the average daily net asset value of the Class II III Shares of such Portfolio held by the Insurance Company separate accounts during that month. The Insurance Company shall provide [insert name of applicable distributor] (the "Distributor"), at least quarterly, such information as reasonably requested by the Distributor to enable the Distributor to comply with the reporting requirements of Rule 12b-1 under the Investment Company Act ("Rule 12b-1") regarding the disbursement of the distribution fee during such period referred to in Paragraph 4 of the Distribution Plan entered into by the Company and the Distributor pursuant to Rule 12b-1 (the "Plan").

Appears in 3 contracts

Samples: Sub Agreement (BlackRock Variable Series Funds, Inc.), Sub Agreement (BlackRock Variable Series Funds, Inc.), Sub Agreement (BlackRock Series Fund, Inc.)

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