Common use of Initial Commission Clause in Contracts

Initial Commission. For up to twelve months immediately following the sale of any Units, SUSA will pay to the Additional Selling Agent a sales commission (the “Initial Commission”) equal to the Annual Percentage set forth in Paragraph 2 below. A pro rata portion of the Initial Commission will be paid to the Additional Selling Agent on a monthly basis (i.e., one twelfth of the Initial Commission per month), commencing no later than the 20th calendar day of the month following the month in which an applicable purchase of Units occurs, until the entire Initial Commission is paid in full.

Appears in 2 contracts

Samples: Selling Agent Agreement (Superfund Green, L.P.), Additional Selling Agent Agreement (Quadriga Superfund)

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Initial Commission. For up to twelve months immediately following the sale of any Unitsa Unit, SUSA will pay to the Additional Selling Agent a sales commission (the “Initial Commission”) equal to the Annual Percentage set forth in Paragraph 2 below. A pro rata portion of the Initial Commission will be paid to the Additional Selling Agent on a monthly basis (i.e., one twelfth of the Initial Commission per month), commencing no later than the 20th calendar day of the month following the month in which an applicable a purchase of Units a Unit occurs, until the entire Initial Commission is paid in fullfull or, if sooner, the Unit is redeemed.

Appears in 2 contracts

Samples: Selling Agent Agreement (Superfund Gold, L.P.), Selling Agent Agreement (Superfund Gold, L.P.)

Initial Commission. For up to twelve months immediately following the sale of any UnitsUnits through Additional Selling Agents, SUSA will pay to the Additional Intermediary Selling Agent a sales commission (the “Initial Commission”) equal to the Annual Percentage set forth in Paragraph 2 below. A pro rata portion of the Initial Commission will be paid to the Additional Intermediary Selling Agent on a monthly basis (i.e., one twelfth of the Initial Commission per month), commencing no later than the 20th calendar day of the month following the month in which an applicable purchase of Units occurs, until the entire Initial Commission is paid in full.

Appears in 1 contract

Samples: Intermediary Selling Agent Agreement (Quadriga Superfund)

Initial Commission. For up to twelve months immediately following the sale of any UnitsUnits through Additional Selling Agents, SUSA SXX will pay to the Additional Intermediary Selling Agent a sales commission (the “Initial Commission”) equal to the Annual Percentage set forth in Paragraph 2 below. A pro rata portion of the Initial Commission will be paid to the Additional Intermediary Selling Agent on a monthly basis (i.e., one twelfth of the Initial Commission per month), commencing no later than the 20th calendar day of the month following the month in which an applicable purchase of Units occurs, until the entire Initial Commission is paid in full.

Appears in 1 contract

Samples: Intermediary Selling Agent Agreement (Quadriga Superfund)

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Initial Commission. For up to twelve months immediately following the sale of any Unitsa Unit, SUSA XXX will pay to the Additional Selling Agent a sales commission (the “Initial Commission”) equal to the Annual Percentage set forth in Paragraph 2 below. A pro rata portion of the Initial Commission will be paid to the Additional Selling Agent on a monthly basis (i.e., one twelfth of the Initial Commission per month), commencing no later than the 20th calendar day of the month following the month in which an applicable a purchase of Units a Unit occurs, until the entire Initial Commission is paid in fullfull or, if sooner, the Unit is redeemed.

Appears in 1 contract

Samples: Selling Agent Agreement (Superfund Gold, L.P.)

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