Predecessor Distributor Sample Clauses
The Predecessor Distributor clause defines the rights and obligations of a distributor who previously held distribution rights to a product or service before the current agreement. Typically, this clause addresses issues such as the transition of inventory, outstanding payments, or the handling of customer accounts that originated under the predecessor's tenure. Its core function is to ensure a smooth transition between distributors, clarify responsibilities, and prevent disputes over legacy matters.
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Predecessor Distributor. For the avoidance of doubt, the Distributor shall be entitled to receive under this Agreement the Distributor's Allocable Portion of the Distribution Fee and such contingent deferred sales charges in respect of Class B shares of the Fund taken into account in computing the Distributor's Allocable Portion of the Distribution Fee, including Shares issued during the periods in which SEI Financial Services Company acted as distributor and shareholder servicing agent (the "Predecessor Distributor") for the Fund and all Shares derived from Class B shares distributed by the Predecessor Distributor, whether pursuant to one or more permitted free exchanges or otherwise.