Distribution Fee. 0.75% VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.75% annually, based on the average daily net asset value of Class C1 Shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Class C1 Distribution Fee is paid beginning in the 13th month following each purchase. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees. Purchase Maximums- The maximum allowable for a single purchase is under $250,000. There is no dealer compensation payable on Class I Shares, and they do not pay any 12b-1 distribution or service fees.
Appears in 7 contracts
Samples: Virtus Mutual Funds Sales Agreement (Virtus Opportunities Trust), Sales Agreement (Virtus Alternative Solutions Trust), Sales Agreement (Virtus Opportunities Trust)
Distribution Fee. 0.75% VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.75% annually, based on the average daily net asset value of Class C1 Shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Class C1 Distribution Fee is paid beginning in the 13th month following each purchase. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees. Purchase Maximums- The maximum allowable for a single purchase is under $250,000. There is no dealer compensation payable on Class I Shares, and they do not pay any 12b-1 distribution or service fees. There is no dealer compensation payable on Institutional Shares, and they do not pay any 12b-1 distribution or service fees.
Appears in 2 contracts
Samples: Virtus Mutual Funds Sales Agreement (Virtus Alternative Solutions Trust), Sales Agreement (Virtus Equity Trust)
Distribution Fee. 0.75% VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.75% annually, based on the average daily net asset value of Class C1 Shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Class C1 Distribution Fee is paid beginning in the 13th month following each purchase. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees. Purchase Maximums- Maximums - The maximum allowable for a single purchase is under $250,000. There is no dealer compensation payable on Class I Shares, and they do not pay any 12b-1 distribution or service fees. There is no dealer compensation payable on Institutional Shares, and they do not pay any 12b-1 distribution or service fees.
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