SALES LOADS Sample Clauses
SALES LOADS. Any and all upfront commissions on sales of Shares notified by a Fund in writing to the Distributor in respect of a particular Financial Intermediary up to the maximum such upfront commission rate set forth in the Registration Statement, including the Prospectus, filed with the SEC and in effect at the time of sale of such Shares. Such commissions shall not exceed 7.25% of the applicable sale amount and shall be paid by the Distributor to the applicable Financial Intermediaries as set forth in the Registration Statement and only after, for so long as and to the extent that the Distributor has received such sales loads from the applicable Fund.
SALES LOADS. With respect to Class A Shares (i) that part of the sales charge which is retained by the Distributor after reallowance of discounts to dealers as set forth, if required, in the Registration Statement, including the Prospectus, filed with the SEC and in effect at the time of the offering, as amended.
SALES LOADS. Any and all upfront commissions on sales of Units notified by a Fund in writing to the Distributor in respect of a particular Financial Intermediary up to the maximum such upfront commission rate set forth in the Registration Statement, including the Prospectus, filed with the SEC and in effect at the time of sale of such Units.
SALES LOADS. Shares of “no-load” funds generally may be purchased at NAV. “Load” funds impose a sales charge, or a load, on the purchase or redemption of such funds’ shares. Sales loads ordinarily are used to pay distribution channels for the marketing of fund shares. CFS may receive all or part of a sales load for transactions executed through CFS. Information regarding loads or sales charges is available in the fund’s prospectus. 6. 12b-1
SALES LOADS. The Distributor is authorized to enter into arrangements that allow a Financial Intermediary to charge a transaction or other fee, including upfront, deferred, and contingent-deferred sales loads, placement fees, or brokerage commissions, on sales of Shares, to the extent the Offering Memorandum discloses that such transaction or other fees may be charged for the relevant class of Shares.
SALES LOADS. On sales of Class A Shares of the Fund, the Distributor shall receive the Sales Load, if any. The amount of such Sales Load may be retained or deducted by the Distributor from any sums received by it in payment for Class A Shares so sold. If such amount is not deducted by the Distributor from such payments, such amount shall be paid to the Distributor by the Fund not later than five business days after the close of any month during which any such sales were made by the Distributor and payment received by the Fund.
SALES LOADS. With respect to Class A Shares, Distributor shall be entitled to that part of the sales charge which is retained by the Distributor after reallowance of discounts to dealers as set forth, if required, in the Registration Statement, including the Prospectus, filed with the SEC and in effect at the time of the offering, as amended. All such retained sales charges, including sales charges received by Distributor in connection with Shares purchased via the Fund’s transfer agent without using an intermediary, shall be used solely for distribution related expenses.
SALES LOADS. On sales of Shares of the Fund, the Distributor shall receive the Sales Load, if any, that is, the difference between the total amount charged and received by the Distributor as the purchase price for the Shares and the Net Asset Value thereof. The amount of such Sales Loads may be retained or deducted by the Distributor from any sums received by it in payment for Shares so sold. If such amount is not deducted by the Distributor from such payments, such amount shall be paid to the Distributor by the Fund not later than five business days after the close of any month during which any such sales were made by the Distributor and payment received by the Fund.
SALES LOADS. Any and all upfront commissions on sales of Units notified by a Fund in writing to the Distributor in respect of a particular Financial Intermediary up to the maximum such upfront commission rate set forth in the Registration Statement, including the Prospectus, filed with the SEC and in effect at the time of sale of such Units. Such commissions shall not exceed 0% of the applicable sale amount and shall be paid by the Distributor to the applicable Financial Intermediaries as set forth in the Registration Statement and only after, for so long as and to the extent that the Distributor has received such sales loads from the applicable Fund. The Investor Class Shares of each Fund will pay the Distributor an ongoing quarterly fee at an annualized rate of up to 0.25% of the net assets of the Fund and such fee shall be paid by the Distributor to the applicable Financial Intermediaries as set forth in the Registration Statement and only after, for so long as and to the extent that the Distributor has received such distribution and services fees from the applicable Fund. THIS DISTRIBUTION AGREEMENT (“Agreement”), effective as of the closing of the Transaction (as defined below) (the “Closing Date”), is by and between Foreside Fund Services, LLC (the “Distributor”) and AFA Multi-Manager Credit Fund (“Fund Company”).
