Sales Commission. You shall be entitled to charge a sales commission on the sale or redemption, as appropriate, of each class of Shares in the amount of any initial, deferred or contingent deferred sales charge as set forth in our then effective prospectus. You may allow any sub-agents or dealers such commissions or discounts from and not exceeding the total sales commission as you shall deem advisable, so long as any such commissions or discounts are set forth in our current prospectus to the extent required by the applicable Federal and State securities laws. You may also make payments to sub-agents or dealers from your own resources, subject to the following conditions: (a) any such payments shall not create any obligation for or recourse against the Fund or any series or class, and (b) the terms and conditions of any such payments are consistent with our prospectus and applicable federal and state securities laws and are disclosed in our prospectus or statement of additional information to the extent such laws may require.
Appears in 3 contracts
Samples: Franklin New York Tax Free Trust, Franklin New York Tax Free Trust, Franklin New York Tax Free Trust
Sales Commission. You To the extent set forth in the Fund's then current prospectus, you shall be entitled to charge a sales commission on the sale or redemptionrepurchase, as appropriate, of each series and class of the Fund's Shares in the amount of any applicable initial, deferred or contingent deferred sales charge as set forth in our then effective prospectuscharge. You may allow any sub-agents subagents or dealers such commissions or discounts from and not exceeding the total sales commission as you shall deem advisable, so long as any such commissions or discounts are set forth in our the Fund's then current prospectus to the extent required by the applicable Federal federal and State state securities laws. You may also make payments to sub-agents or dealers from your own resources, subject to the following conditions: (a) any such payments shall not create any obligation for or recourse against the Fund or any series or class, and (b) the terms and conditions of any such payments are consistent with our prospectus and applicable federal and state securities laws and are disclosed in our prospectus or statement of additional information to the extent such laws may require.
Appears in 3 contracts
Samples: Franklin Floating Rate Trust, Franklin Floating Rate Trust, Franklin Floating Rate Trust
Sales Commission. You shall be entitled to charge a sales commission on the sale or redemption, as appropriate, of each series and class of Shares the Trust's shares in the amount of any initial, deferred or contingent deferred sales charge charge, if any, as may be set forth in our then effective prospectusProspectus. You may allow any sub-agents or dealers such commissions or discounts from and not exceeding the total sales commission as you shall deem advisable, if and so long as any such commissions or discounts are set forth in our current prospectus Prospectus to the extent required by the applicable Federal and State securities laws. You may also make payments to sub-agents or dealers from your own resources, subject to the following conditions: (a) any such payments shall not create any obligation for or recourse against the Fund a Trust or any series or class, and (b) the terms and conditions of any such payments are consistent with our prospectus Prospectus and applicable federal and state securities laws and are disclosed in our prospectus or statement of additional information Prospectus to the extent such laws may require.
Appears in 2 contracts
Samples: Franklin Valuemark (Franklin Valuemark Funds), Franklin Valuemark Funds
Sales Commission. You shall be entitled to charge a sales commission on the sale or and/or redemption, as appropriate, of each series and/or class of the Fund's Shares in the amount of any initial, deferred or and/or contingent deferred sales charge and/or any early withdrawal charge as set forth in our then effective prospectus. You may allow any sub-agents or dealers such commissions or discounts from and not exceeding the total sales commission as you shall deem advisable, so long as any such commissions or discounts are set forth in our current prospectus to the extent required by the applicable Federal and State securities laws. You may also make payments to sub-agents or dealers from your own resources, subject to the following conditions: (a) any such payments shall not create any obligation for or recourse against the Fund or any series or class, and (b) the terms and conditions of any such payments are consistent with our prospectus and applicable federal Federal and state State securities laws and are disclosed in our prospectus or statement of additional information to the extent such laws may require.
Appears in 2 contracts
Samples: Franklin Mutual Recovery Fund, Franklin Mutual Recovery Fund
Sales Commission. You The Distributor shall be entitled to charge a sales commission on the sale or redemption, as appropriate, of each Portfolio and class of Shares the Fund’s shares in the amount of any initial, deferred or contingent deferred sales charge as set forth in our the Fund’s then effective prospectus. You The Distributor may allow any sub-agents or dealers such commissions or discounts from and not exceeding the total sales commission as you the Distributor shall deem advisable, so long as any such commissions or discounts are set forth in our the Fund’s current prospectus to the extent required by the applicable Federal and State securities laws. You The Distributor may also make payments to sub-agents or dealers from your the Distributor’s own resources, subject to the following conditions: (a) any such payments shall not create any obligation for or recourse against the Fund or any series Portfolio or class, and (b) the terms and conditions of any such payments are consistent with our the Fund’s prospectus and applicable federal Federal and state State securities laws and are disclosed in our the Fund’s prospectus or statement of additional information SAI to the extent such laws may require.
Appears in 1 contract
Samples: Principal Underwriting Agreement (Maxim Series Fund Inc)