Common use of Distribution Payments Clause in Contracts

Distribution Payments. (a) The Company may pay the distributor of the Company (the “Distributor”) (or any other person) a fee (a “Distribution Fee”) of up to 0.75% annually of the average daily net assets attributable to the Class B Shares of each of the Funds. The Distribution Fee shall be calculated and accrued daily, paid monthly and shall be in consideration for distribution services and the assumption of related expenses (including the payment of commissions and transaction fees) in conjunction with the offering and sale of Class B Shares of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Class B Shares shall be computed in the manner specified in the Company’s then current Prospectuses and Statements of Additional Information describing such Class B Shares.

Appears in 3 contracts

Samples: Distribution and Services Plan (PNC Funds Inc), Distribution and Services Plan (Mercantile Funds Inc), Distribution and Services Plan (PNC Funds Inc)

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Distribution Payments. (a) The Company may pay the distributor of the Company (the “Distributor”) (or any other person) a fee (a “Distribution Fee”) of up to 0.750.25% annually of the average daily net assets attributable to the Class B A Shares of each of the Funds. The Distribution Fee shall be calculated and accrued daily, paid monthly and shall be in consideration for distribution services and the assumption of related expenses (including the payment of commissions and transaction fees) in conjunction with the offering and sale of Class B A Shares of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Class B A Shares shall be computed in the manner specified in the Company’s then current Prospectuses and Statements of Additional Information describing such Class B A Shares.

Appears in 3 contracts

Samples: Distribution and Services Plan (PNC Funds Inc), Distribution and Services Plan (Mercantile Funds Inc), Distribution and Services Plan (PNC Funds Inc)

Distribution Payments. (a) The Company may pay the distributor of the Company (the “Distributor”) (or any other person) a fee (a “Distribution Fee”) of up to 0.750.25% annually of the average daily net assets attributable to the Service Class B Shares of each of the Funds. The Distribution Fee shall be calculated and accrued daily, paid monthly and shall be in consideration for distribution services and the assumption of related expenses (including the payment of commissions and transaction fees) in conjunction with the offering and sale of Service Class B Shares of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Service Class B Shares shall be computed in the manner specified in the Company’s then current Prospectuses and Statements of Additional Information describing such Service Class B Shares.

Appears in 3 contracts

Samples: Distribution and Services Plan (Mercantile Funds Inc), Distribution and Services Plan (PNC Funds Inc), Distribution and Services Plan (PNC Funds Inc)

Distribution Payments. (a) The Company may pay the distributor of the Company (the “Distributor”) (or any other person) a fee (a “Distribution Fee”) of up to 0.75% annually of the average daily net assets attributable to the Class B C Shares of each of the Funds. The Distribution Fee shall be calculated and accrued daily, paid monthly and shall be in consideration for distribution services and the assumption of related expenses (including the payment of commissions and transaction fees) in conjunction with the offering and sale of Class B C Shares of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Class B C Shares shall be computed in the manner specified in the Company’s then current Prospectuses and Statements of Additional Information describing such Class B C Shares.

Appears in 3 contracts

Samples: Distribution and Services Plan (Mercantile Funds Inc), Distribution and Services Plan (PNC Funds Inc), Distribution and Services Plan (PNC Funds Inc)

Distribution Payments. (a) The Company may pay the distributor of the Company (the "Distributor") (or any other person) a fee (a "Distribution Fee") of up to 0.75% annually of the average daily net assets attributable to the Class B C Shares of each of the Funds. The Distribution Fee shall be calculated and accrued daily, paid monthly and shall be in consideration for distribution services and the assumption of related expenses (including the payment of commissions and transaction fees) in conjunction with the offering and sale of Class B C Shares of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s 's Class B C Shares shall be computed in the manner specified in the Company’s 's then current Prospectuses and Statements of Additional Information describing such Class B C Shares.

Appears in 1 contract

Samples: Distribution Agreement (Mercantile Funds Inc)

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Distribution Payments. (a) The Company may pay the distributor of the Company (the "Distributor") (or any other person) a fee (a "Distribution Fee") of up to 0.75% annually of the average daily net assets attributable to the Class B Shares of each of the Funds. The Distribution Fee shall be calculated and accrued daily, paid monthly and shall be in consideration for distribution services and the assumption of related expenses (including the payment of commissions and transaction fees) in conjunction with the offering and sale of Class B Shares of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s 's Class B Shares shall be computed in the manner specified in the Company’s 's then current Prospectuses and Statements of Additional Information describing such Class B Shares.

Appears in 1 contract

Samples: Distribution Agreement (Mercantile Funds Inc)

Distribution Payments. (a) The Company may pay the distributor of the Company (the "Distributor") (or any other person) a fee (a "Distribution Fee") of up to 0.750.25% annually of the average daily net assets attributable to the Class B A Shares of each of the Funds. The Distribution Fee shall be calculated and accrued daily, paid monthly and shall be in consideration for distribution services and the assumption of related expenses (including the payment of commissions and transaction fees) in conjunction with the offering and sale of Class B A Shares of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s 's Class B A Shares shall be computed in the manner specified in the Company’s 's then current Prospectuses and Statements of Additional Information describing such Class B A Shares.

Appears in 1 contract

Samples: Distribution Agreement (Mercantile Funds Inc)

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