Common use of Limitations on Payments Clause in Contracts

Limitations on Payments. You agree that neither you nor any salesperson or registered representative under your control shall, directly or indirectly, pay or award any finder’s fees, commissions or other compensation to any person engaged by a potential investor for investment advice as an inducement to such advisor to advise the purchase of Interests; provided, however, that this provision shall not prohibit the normal sales commission payable to any properly licensed person for selling Interests. In addition, you agree not to receive any rebates or give-up or participate in any reciprocal business arrangements (other than the securities distribution arrangements specified in the Prospectus) which would violate any restriction on the Partnership contained in the Prospectus.

Appears in 4 contracts

Samples: Dealer Manager Agreement (Icon Eci Fund Fifteen, L.P.), Dealer Manager Agreement (Icon Eci Fund Fifteen, L.P.), Selling Dealer Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.)

AutoNDA by SimpleDocs

Limitations on Payments. You agree that neither you nor any salesperson or registered representative under your control shall, shall directly or indirectly, indirectly pay or award any finder’s 's fees, commissions or other compensation to any person engaged by a potential investor for investment advice as an inducement to such advisor to advise the purchase of InterestsShares; provided, however, that this provision shall not prohibit the normal sales commission payable to any properly licensed person for selling InterestsShares. In addition, you agree not to receive any rebates or give-up or participate in any reciprocal business arrangements (other than the securities distribution arrangements specified in the Prospectus) which would violate any restriction on the Partnership Company contained in the Prospectus.

Appears in 3 contracts

Samples: Dealer Manager Agreement (Icon Income Fund Ten LLC), Dealer Management Agreement (Icon Income Fund Nine LLC), Dealer Management Agreement (Icon Income Fund Nine LLC)

Limitations on Payments. You agree that neither you nor any salesperson or registered representative under your control shall, directly or indirectly, pay or award any finder’s fees, commissions or other compensation to any person engaged by a potential investor for investment advice as an inducement to such advisor to advise the purchase of Interests; provided, however, that this provision shall not prohibit the normal sales commission Sales Commissions payable to any properly licensed person for selling Interests. In addition, you agree not to receive any rebates or give-up or participate in any reciprocal business arrangements (other than the securities distribution arrangements specified in the Prospectus) which would violate any restriction on the Partnership contained in the Prospectus.

Appears in 3 contracts

Samples: Dealer Manager Agreement (ICON Oil & Gas Fund), Dealer Manager Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.), Dealer Manager Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.)

Limitations on Payments. You agree that neither you nor any salesperson or registered representative under your control shall, shall directly or indirectly, indirectly pay or award any finder’s 's fees, commissions or other compensation to any person engaged by a potential investor for investment advice as an inducement to such advisor to advise the purchase of InterestsUnits; provided, however, that this provision shall not prohibit the normal sales commission payable to any properly licensed person for selling InterestsUnits. In addition, you agree not to receive any rebates or give-up or participate in any reciprocal business arrangements (other than the securities distribution arrangements specified in the Prospectus) which would violate any restriction on the Partnership contained in the Prospectus.

Appears in 2 contracts

Samples: Selling Dealer Agreement (Icon Income Fund Eight /De), Dealer Manager Agreement (Icon Income Fund Eight /De)

Limitations on Payments. You agree that neither you nor any salesperson or registered representative under your control shall, directly or indirectly, pay or award any finder’s fees, commissions or other compensation to any person engaged by a potential investor for investment advice as an inducement to such advisor to advise the purchase of Interests; provided, however, that this provision shall not prohibit the normal sales commission payable to any properly licensed person for selling Interests. In addition, you agree not to receive any rebates or give-up or participate in any reciprocal business arrangements (other than the securities distribution arrangements specified in the each Prospectus) which that would violate any restriction on the Partnership a partnership contained in the applicable Prospectus.

Appears in 1 contract

Samples: Selling Dealer Agreement (ICON Oil & Gas Fund)

AutoNDA by SimpleDocs

Limitations on Payments. You agree that neither you nor any salesperson or registered representative under your control shall, directly or indirectly, pay or award any finder’s fees, commissions or other compensation to any person engaged by a potential investor for investment advice as an inducement to such advisor to advise the purchase of Interests; provided, however, that this provision shall not prohibit the normal sales commission Sales Commissions payable to any properly licensed person for selling Interests. In addition, you agree not to receive any rebates or give-up or participate in any reciprocal business arrangements (other than the securities distribution arrangements specified in the applicable Prospectus) which that would violate any restriction on the Partnership a partnership contained in the applicable Prospectus.

Appears in 1 contract

Samples: Dealer Manager Agreement (ICON Oil & Gas Fund)

Limitations on Payments. You agree that neither you nor any salesperson or registered representative under your control shall, directly or indirectly, pay or award any finder’s fees, commissions or other compensation to any person engaged by a potential investor for investment advice as an inducement to such advisor to advise the purchase of InterestsShares; provided, however, that this provision shall not prohibit the normal sales commission Sales Commissions payable to any properly licensed person for selling InterestsShares. In addition, you agree not to receive any rebates or give-up or participate in any reciprocal business arrangements (other than the securities distribution arrangements specified in the Prospectus) which would violate any restriction on the Partnership Company contained in the Prospectus.

Appears in 1 contract

Samples: Dealer Manager Agreement (ICON Leasing Fund Twelve, LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!