Common use of Sales Commission Clause in Contracts

Sales Commission. (a) You shall be entitled to receive a sales commission from the Fund of 1.0% of the gross sales price per Share of the Shares sold. (b) You may pay to selected broker-dealers such selling agent commissions (not exceeding 80% of the total sales commission) (the “ATM Sales Agent Commission”) as you shall deem advisable, which shall be payable from the commissions payable to you under Section 4(a) above.

Appears in 71 contracts

Samples: Distribution Agreement (Nuveen AMT-Free Municipal Credit Income Fund), Distribution Agreement (Nuveen Municipal High Income Opportunity Fund), Distribution Agreement (Nuveen Dynamic Municipal Opportunities Fund)

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Sales Commission. (a) You shall be entitled to receive a sales commission from the Fund of 1.0in an amount equal to 1.00% of the gross sales price per Share Share, of which 0.80% will be re-allowed to the Shares soldsub-sales agent. (b) You may pay to selected broker-dealers such selling agent commissions (not exceeding 80% of the total sales commission) (the “ATM Sales Agent Commission”) as you shall deem advisable, which shall be payable from the commissions payable to you under Section 4(a) above.

Appears in 53 contracts

Samples: Distribution Agreement (John Hancock Financial Opportunities Fund), Distribution Agreement (John Hancock Tax-Advantaged Global Shareholder Yield Fund), Distribution Agreement (John Hancock Investors Trust)

Sales Commission. (a) You shall be entitled to receive a sales commission from the Fund of up to 1.0% of the gross sales price per Share of the Shares sold. (b) You may pay to selected broker-dealers such selling agent commissions (not exceeding 80% of the total sales commission) (the “ATM Sales Agent Commission”) as you shall deem advisable, which shall be payable from the commissions payable to you under Section 4(a) above.

Appears in 4 contracts

Samples: Distribution Agreement (Nuveen Floating Rate Income Opportunity Fund), Distribution Agreement (Nuveen Floating Rate Income Fund), Distribution Agreement (Nuveen Senior Income Fund)

Sales Commission. (a) You shall be entitled to receive a sales commission from the Fund of 1.0% [●] of the gross sales price per Share of the Shares sold. (b) You may pay to selected broker-dealers such selling agent commissions (not exceeding 80% of the total sales commission) (the “ATM Sales Agent Commission”) as you shall deem advisable, which shall be payable from the commissions payable to you under Section 4(a) above.

Appears in 2 contracts

Samples: Distribution Agreement (Nuveen AMT-Free Municipal Credit Income Fund), Distribution Agreement (Nuveen AMT-Free Quality Municipal Income Fund)

Sales Commission. (a) You shall be entitled to receive a sales commission from the Fund Trust of 1.04% of the gross sales price per Share of the Shares sold. (b) You may pay to allow selected broker-dealers such selling agent commissions or discounts (not exceeding 80% of the total sales commission) (the “ATM Sales Agent Commission”) as you shall deem advisable, which shall be payable from the commissions payable to you under Section 4(a) above.

Appears in 1 contract

Samples: Distribution Agreement (Pilgrim America Prime Rate Trust)

Sales Commission. (a) You shall be entitled to receive a sales commission from the Fund of up to 1.0% of the gross sales price per Share of the Shares sold. (b) You may pay to selected broker-dealers such selling agent commissions (not exceeding 80% of the total sales commission) (the “ATM Sales Agent Commission”) as you shall deem advisable, which shall be payable from the commissions payable to you under Section 4(a) above.

Appears in 1 contract

Samples: Distribution Agreement (Nuveen Municipal Value Fund Inc)

Sales Commission. (a) You shall be entitled to receive a sales commission from the Fund of up to 1.0% of the gross sales price per Share proceeds of the sale of Shares sold. (b) You may pay to selected broker-dealers such selling agent commissions (not exceeding 80% of the total sales commission) (the “ATM Sales Agent Commission”) as you shall deem advisable, which shall be payable from the commissions payable to you under Section 4(a) above.

Appears in 1 contract

Samples: Distribution Agreement (Nuveen Municipal High Income Opportunity Fund 2)

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Sales Commission. (a) You shall be entitled to receive a sales commission from the Fund of 1.0in an amount equal to [ ]% of the gross sales price per Share Share, of which [ ]% will be re-allowed to the Shares soldsub-sales agent. (b) You may pay to selected broker-dealers such selling agent commissions (not exceeding 80[ ]% of the total sales commission) (the “ATM Sales Agent Commission”) as you shall deem advisable, which shall be payable from the commissions payable to you under Section 4(a) above.

Appears in 1 contract

Samples: Distribution Agreement (Pioneer High Income Fund, Inc.)

Sales Commission. (a) You shall be entitled to receive a sales commission from the Fund of 1.0% of the gross sales price per Share of the Shares sold. (b) You may pay to selected broker-dealers such selling agent commissions (not exceeding 80% of the total sales commission) (the “ATM Sales Agent {\gent Commission”) as you shall deem advisable, which shall be payable from the commissions payable to you under Section 4(a) above.

Appears in 1 contract

Samples: Distribution Agreement (Nuveen Texas Quality Income Municipal Fund)

Sales Commission. (a) You shall be entitled to receive a sales commission from the Fund of 1.0in an amount equal to [ ]% of the gross sales price per Share Share, of which [ ]% will be re-allowed to the Shares soldsub-sales agent. (b) You may pay to selected broker-dealers such selling agent commissions (not exceeding 80% of the total sales commission) (the “ATM Sales Agent Commission”) as you shall deem advisable, which shall be payable from the commissions payable to you under Section 4(a) above.

Appears in 1 contract

Samples: Distribution Agreement (John Hancock Tax-Advantaged Global Shareholder Yield Fund)

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