FUTURE PORTFOLIOS AND/OR CLASSES. The 12b-1 fees for Class A, Class B, Class C or Class H shares of any future Portfolios shall be as determined by the Board of Directors of the Fund upon the creation of any such Portfolios, but in no event shall such fees exceed any then existing limitations imposed under any applicable rule or rules promulgated by the Securities and Exchange Commission and/or the National Association of Securities Dealers, Inc. Upon the creation of any new classes of shares for any or all of the Portfolios, the respective levels of sales charges and 12b-1 fees shall be determined by the Board of Directors of the Fund, subject to any necessary shareholder approval and only in accordance with any applicable rule or rules promulgated by the Securities and Exchange Commission and/or the National Association of Securities Dealers, Inc. All or any portion of the l2b-1 fees referred to in this paragraph may be payable as a Distribution Fee, and all or any portion of such l2b-1 fees may be payable as a Shareholder Servicing Fee, as determined from time to time by the Fund's Board of Directors.
Appears in 4 contracts
Samples: Underwriting and Distribution Agreement (Fortis Worldwide Portfolios Inc), Underwriting and Distribution Agreement (Fortis Advantage Portfolios Inc), Underwriting and Distribution Agreement (Fortis Money Portfolios Inc)
FUTURE PORTFOLIOS AND/OR CLASSES. The 12b-1 fees for Class A, Class B, Class C or Class H shares of any future Portfolios shall be as determined by the Board of Directors of the Fund upon the creation of any such Portfolios, but in no event shall such fees exceed any then existing limitations imposed under any applicable rule or rules promulgated by the Securities and Exchange Commission and/or the National Association of Securities Dealers, Inc. Upon the creation of any new classes of shares for any or all of the Portfolios, the respective levels of sales charges and 12b-1 fees shall be determined by the Board of Directors of the Fund, subject to any necessary shareholder approval and only in accordance with any applicable rule or rules promulgated by the Securities and Exchange Commission and/or the National Association of Securities Dealers, Inc. All or any portion of the l2b-1 12b-1 fees referred to in this paragraph may be payable as a Distribution Fee, and all or any portion of such l2b-1 12b-1 fees may be payable as a Shareholder Servicing Fee, as determined from time to time by the Fund's Board of Directors.
Appears in 3 contracts
Samples: Underwriting and Distribution Agreement (Fortis Equity Portfolios Inc), Underwriting and Distribution Agreement (Fortis Income Portfolios Inc), Underwriting and Distribution Agreement (Fortis Equity Portfolios Inc)
