Financial inducements. The AIFM reserves the right to pay financial inducements to third parties for the investors acquired and/or services rendered. Such inducements shall normally be calculated on the basis of the fees, com- missions, etc., charged to investors and/or the individual assets or asset portfolios placed with the AIFM. The amount of such inducements shall be equivalent to a percentage of the relevant calculation basis. On request, the AIFM shall at any time disclose to the investors further details of agreements regarding such inducements concluded with third parties. The investor hereby expressly waives any right to obtain information above and beyond such disclosure from the AIFM; in particular, the AIFM shall not be obliged to furnish settlement details concerning the inducements actually paid. The investors duly note and accept that, in connection with the finding of investors and the acquisi- tion/distribution of collective capital investments, certificates, notes, etc. (hereinafter referred to as "prod- ucts"; these include products managed and/or issued by a Group company), the AIFM may receive financial inducements, normally in the form of volume discounts, from third parties (including Group companies). The size of such inducements varies according to the product and the product provider. Volume discounts are normally dependent on the volume of a product or product group held by the AIFM. The amount of such discounts usually corresponds to a percentage of the management fees charged for the product in question and is credited periodically throughout the holding period. Issuers of securities may also pay sales commissions in the form of xxxx-xxxxx (percentage discounts) on the issue price or in the form of one-off payments equivalent to a percentage of the issue price. Save where otherwise provided, investors shall be entitled at any time before or after the service (i.e. purchase of the product) is rendered to obtain further information from the AIFM regarding agreements on such financial induce- ments concluded with third parties. However, the further information to which investors are entitled in respect of transactions already carried out shall be limited to disclosure concerning the preceding 12 months, and investors hereby expressly waive the right to obtain information above and beyond said disclosure. Investors who do not request further information before the service is rendered or who avail themselves of the service after obtaining such further information shall forego any right of restitution within the meaning of § 1009 of the Liechtenstein General Civil Code (Allgemeines Bürgerliches Ge- setzbuch, ABGB).
Appears in 2 contracts
Samples: Trust Agreement, Trust Agreement
Financial inducements. The AIFM reserves the right to pay financial inducements to third parties for the investors acquired and/or services rendered. Such inducements shall normally be calculated on the basis of the fees, com- missionscommissions, etc., charged to investors and/or the individual assets or asset portfolios placed with the AIFM. The amount of such inducements shall be equivalent to a percentage of the relevant calculation basis. On request, the AIFM shall at any time disclose to the investors further details of agreements regarding such inducements concluded with third parties. The investor hereby expressly waives any right to obtain information above and beyond such disclosure from the AIFM; in particular, the AIFM shall not be obliged to furnish settlement details concerning the inducements actually paid. The investors duly note and accept that, in connection with the finding of investors and the acquisi- tionacquisition/distribution of collective capital investments, certificates, notes, etc. (hereinafter referred to as "prod- uctsproducts"; these include products managed and/or issued by a Group company), the AIFM may receive financial inducements, normally in the form of volume discounts, from third parties (including Group companies). The size of such inducements varies according to the product and the product provider. Volume discounts are normally dependent on the volume of a product or product group held by the AIFM. The amount of such discounts usually corresponds to a percentage of the management fees charged for the product in question and is credited periodically throughout the holding period. Issuers of securities may also pay sales commissions in the form of xxxx-xxxxx (percentage discounts) on the issue price or in the form of one-off payments equivalent to a percentage of the issue price. Save where otherwise provided, investors shall be entitled at any time before or after the service (i.e. purchase of the product) is rendered to obtain further information from the AIFM regarding agreements on such financial induce- ments inducements concluded with third parties. However, the further information to which investors are entitled in respect of transactions already carried out shall be limited to disclosure concerning the preceding 12 months, and investors hereby expressly waive the right to obtain information above and beyond said disclosure. Investors who do not request further information before the service is rendered or who avail themselves of the service after obtaining such further information shall forego any right of restitution within the meaning of § 1009 of the Liechtenstein General Civil Code (Allgemeines Bürgerliches Ge- setzbuchGesetzbuch, ABGB).
Appears in 1 contract
Samples: Trust Agreement
Financial inducements. The AIFM reserves the right to pay financial inducements to third parties for the investors acquired and/or services rendered. Such inducements shall normally be calculated on the basis of the fees, com- missionscommissions, etc., charged to investors and/or the individual assets or asset portfolios placed with the AIFM. The amount of such inducements shall be equivalent to a percentage of the relevant calculation basis. On request, the AIFM shall at any time disclose to the investors further details of agreements regarding such inducements concluded with third parties. The investor hereby expressly waives any right to obtain information above and beyond such disclosure from the AIFM; in particular, the AIFM shall not be obliged to furnish settlement details concerning the inducements actually paid. The investors duly note and accept that, in connection with the finding of investors and the acquisi- tionacquisition/distribution of collective capital investments, certificates, notes, etc. (hereinafter referred to as "prod- uctsproducts"; these include products managed and/or issued by a Group company), the AIFM may receive financial inducements, normally in the form of volume discounts, from third parties (including Group companies). The size of such inducements varies according to the product and the product provider. Volume discounts are normally dependent on the volume of a product or product group held by the AIFM. The amount of such discounts usually corresponds to a percentage of the management fees charged for the product in question and is credited periodically throughout the holding period. Issuers of securities may also pay sales commissions in the form of xxxxmark-xxxxx doxxx (percentage xxxxxntage discounts) on the issue price or in the form of one-off payments equivalent to a percentage of the issue price. Save where otherwise provided, investors shall be entitled at any time before or after the service (i.e. purchase of the product) is rendered to obtain further information from the AIFM regarding agreements on such financial induce- ments inducements concluded with third parties. However, the further information to which investors are entitled in respect of transactions already carried out shall be limited to disclosure concerning the preceding 12 months, and investors hereby expressly waive the right to obtain information above and beyond said disclosure. Investors who do not request further information before the service is rendered or who avail themselves of the service after obtaining such further information shall forego any right of restitution within the meaning of § 1009 of the Liechtenstein General Civil Code (Allgemeines Bürgerliches Ge- setzbuchGesetzbuch, ABGB).
Appears in 1 contract
Samples: Trust Agreement