Common use of Maximum Charges Clause in Contracts

Maximum Charges. Notwithstanding anything to the contrary contained in this Agreement, EWCs paid to Sierra Services by any class of shares of the Trust shall not exceed the amount permitted by the Rules of Fair Practice of the NASD ("NASD Rules"), as in effect from time to time, and the aggregate amount of EWCs paid to Sierra Services by any class of shares of the Trust shall not exceed 8.50% of the offering price (determined in accordance with the NASD Rules in effect from time to time).

Appears in 6 contracts

Samples: Distribution Agreement (Sierra Prime Income Fund), Distribution Agreement (Sierra Prime Income Fund), Distribution Agreement (Sierra Prime Income Fund)

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Maximum Charges. Notwithstanding anything to the contrary contained in this Agreement, EWCs paid to Sierra Services by any class of shares of the Trust shall not exceed the amount permitted by the Rules of Fair Practice of the NASD ("NASD Rules"), as in effect from time to time, and the aggregate amount of EWCs paid to Sierra Services by any class of shares of the Trust shall not exceed 8.50% _______(%) of the offering total issue price of such Shares plus interest thereon from the date of issuance through the date of payment at the prime rate (determined in accordance with the NASD Rules in effect from time to time)) plus one percent (1%) per annum.

Appears in 1 contract

Samples: Distribution Agreement (Sierra Prime Income Trust)

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