Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “Minimum Holding Period”), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (i) “Advance Service Fee Payments” at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 221 contracts
Samples: Plan and Agreement (Oppenheimer Rochester Short Duration High Yield Municipal Fund), Plan and Agreement (Oppenheimer Intermediate Term Municipal Fund), Plan and Agreement (Oppenheimer Intermediate Income Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 110 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Discovery Fund), Distribution and Service Plan and Agreement (Oppenheimer Quest Capital Value Fund Inc), Distribution and Service Plan and Agreement (Oppenheimer Strategic Income Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 56 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Champion Income Fund/Ny), Distribution and Service Plan and Agreement (Oppenheimer Capital Income Fund), Distribution and Service Plan and Agreement (Oppenheimer Institutional Growth Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 39 contracts
Samples: Plan and Agreement (Oppenheimer Emerging Growth Fund), Distribution and Service Plan and Agreement (Oppenheimer LTD Term Government Fund), Distribution and Service Plan and Agreement (Oppenheimer Enterprise Fund)
Service Fee. In consideration of the administrative support ----------- services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 38 contracts
Samples: Plan and Agreement (Oppenheimer International Bond Fund), Distribution and Service Plan and Agreement (Oppenheimer Convertible Securities Fund), Plan and Agreement (Oppenheimer Emerging Technologies Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 30 contracts
Samples: Plan and Agreement (Oppenheimer Total Return Bond Fund), Plan and Agreement (Oppenheimer Balanced Fund), Plan and Agreement (Oppenheimer Capital Income Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption repurchase transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 23 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Dividend Growth Fund), Distribution and Service Plan and Agreement (Oppenheimer Principal Protected Trust), Plan and Agreement (Oppenheimer Multi-State Municipal Trust)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall may make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 19 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Transition 2030 Fund), Distribution and Service Plan and Agreement (Oppenheimer Portfolio Series Fixed Income Investor Fund), Distribution and Service Plan and Agreement (Oppenheimer Baring Japan Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption repurchase transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 16 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Transition 2050 Fund), Distribution and Service Plan and Agreement (Oppenheimer Transition 2030 Fund), Distribution and Service Plan and Agreement (Oppenheimer Transition 2020 Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 12 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Main Street Funds Inc), Distribution and Service Plan and Agreement (Oppenheimer Quest Global Value Fund Inc), Distribution and Service Plan and Agreement (Oppenheimer Quest Value Fund Inc)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient ----------- during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 11 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Growth Fund), Distribution and Service Plan and Agreement (Oppenheimer Global Growth & Income Fund), Distribution and Service Plan and Agreement (Oppenheimer Developing Markets Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption repurchase transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 10 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Discovery Fund), Distribution and Service Plan and Agreement (Oppenheimer Select Managers Series), Distribution and Service Plan and Agreement (Oppenheimer Multicap Value Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 10 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Total Return Fund Inc), Distribution and Service Plan and Agreement (Oppenheimer Main Street Funds Inc), Distribution and Service Plan and Agreement (Oppenheimer Main Street Funds Inc)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 10 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Main Street Small Cap Fund), Distribution and Service Plan and Agreement (Oppenheimer Global Growth & Income Fund), Distribution and Service Plan and Agreement (Oppenheimer Integrity Funds)
Service Fee. In consideration of the administrative support ------------ services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 7 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer International Growth Fund), Distribution and Service Plan and Agreement (Oppenheimer International Growth Fund), Distribution and Service Plan and Agreement (Oppenheimer Midcap Fund)
Service Fee. In consideration of the administrative support ------------ services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption repurchase transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 7 contracts
Samples: Plan and Agreement (Oppenheimer Principal Protected Trust), Plan and Agreement (Oppenheimer Principal Protected Trust Iii), Service Plan and Agreement (Oppenheimer LTD Term California Municipal Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “Minimum Holding Period”), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (i) “Advance Service Fee Payments” at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption repurchase transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 6 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Investment Grade Bond Fund), Distribution and Service Plan and Agreement (Oppenheimer Investment Grade Bond Fund), Plan and Agreement (Oppenheimer Currency Opportunities Fund)
Service Fee. In consideration of the administrative support ------------ services provided by a RecipientRecipient during a calendar quarter, the Distributor shall may make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 5 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer U S Government Trust), Service Plan and Agreement (Oppenheimer Portfolio Series), Distribution and Service Plan and Agreement (Oppenheimer International Bond Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 5 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Quest Capital Value Fund Inc), Distribution and Service Plan and Agreement (Oppenheimer Quest Capital Value Fund Inc), Distribution and Service Plan and Agreement (Oppenheimer Quest Value Fund Inc)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 5 contracts
Samples: Distribution and Service Plan and Agreement (SteelPath MLP Funds Trust), Distribution and Service Plan and Agreement (SteelPath MLP Funds Trust), Distribution and Service Plan and Agreement (SteelPath MLP Funds Trust)
Service Fee. In consideration of the administrative support ----------- services provided by a RecipientRecipient during a calendar quarter, the Distributor shall may make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 4 contracts
Samples: Plan and Agreement (Oppenheimer Principal Protected Trust Iii), Distribution and Service Plan and Agreement (Oppenheimer Principal Protected Trust), Service Plan and Agreement (Oppenheimer International Large Cap Core Trust)
Service Fee. In consideration of the administrative support services ----------- provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 3 contracts
Samples: Plan and Agreement (Oppenheimer Multi Cap Value Fund), Plan and Agreement (Oppenheimer Multi Cap Value Fund), Plan and Agreement (Oppenheimer Cash Reserves/Co/)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 3 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Portfolio Series), Distribution and Service Plan and Agreement (Oppenheimer Midcap Fund), Distribution and Service Plan and Agreement (Oppenheimer Multi-State Municipal Trust)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient ----------- during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 3 contracts
Samples: Plan and Agreement (Oppenheimer Multi Cap Value Fund), Distribution and Service Plan and Agreement (Oppenheimer Multi Cap Value Fund), Distribution and Service Plan and Agreement (Oppenheimer Global Growth & Income Fund)
Service Fee. In consideration of the administrative support ------------ services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 3 contracts
Samples: Plan and Agreement (Oppenheimer Series Fund Inc), Distribution and Service Plan and Agreement (Oppenheimer Quest Global Value Fund Inc), Plan and Agreement (Oppenheimer Series Fund Inc)
Service Fee. In consideration of the administrative support ------------ services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 3 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Global Opportunities Fund), Plan and Agreement (Oppenheimer Principal Protected Trust Iii), Service Plan and Agreement (Oppenheimer Portfolio Series)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. However, no such payments shall be made to any Recipient for any such quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 2 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Equity Income Fund Inc), Distribution and Service Plan and Agreement (Rochester Portfolio Series)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval period as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “Minimum Holding Period”), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval period as deemed appropriate by the Distributor: (i) “Advance Service Fee Payments” at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 2 contracts
Samples: Plan and Agreement (Oppenheimer High Yield Opportunities Fund), Plan and Agreement (Oppenheimer Global High Yield Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient ----------- during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 2 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Series Fund Inc), Distribution and Service Plan and Agreement (Oppenheimer Series Fund Inc)
Service Fee. In consideration of the administrative support services provided by a Recipient------------- Recipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption repurchase transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 2 contracts
Samples: Plan and Agreement (Oppenheimer Multi-State Municipal Trust), Plan and Agreement (Oppenheimer Multi Cap Value Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of each Fund's Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the FundFunds, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund Funds and processing Share redemption transactions, making the Fund’s Funds' investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services ervices and/or the maintenance of Accounts, as the Distributor or the Fund Funds may reasonably request.
Appears in 2 contracts
Samples: Service Plan and Agreement (Penn Street Fund Inc), Distribution and Service Plan and Agreement (Penn Street Fund Inc)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption repurchase transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 2 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Portfolio Series), Distribution and Service Plan and Agreement (Oppenheimer Principal Protected Trust Ii)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 2 contracts
Samples: Distribution and Service Plan and Agreement (Oppenheimer Cash Reserves/Co/), Distribution and Service Plan and Agreement (Oppenheimer International Bond Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor Advisor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of each Fund's Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor Advisor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Advisor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor Advisor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the FundFunds, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund Funds and processing Share redemption transactions, making the Fund’s Funds' investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor Advisor or the Fund Funds may reasonably request.
Appears in 2 contracts
Samples: Service Plan and Agreement (Veracity Funds), Service Plan and Agreement (Veracity Funds)
Service Fee. In consideration of the ------------- administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 2 contracts
Samples: Plan and Agreement (Oppenheimer Multi Cap Value Fund), Plan and Agreement (Oppenheimer Multi Cap Value Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient, the The Distributor shall make service fee payments to that each Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, Shares computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may to be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, Holdings sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its CustomersCustomers ("Advance Service Fee Payments"), plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, Shares computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year, subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by Rule 2830 of the NASD Conduct Rules. The Advance Service Fee Payments described in part (i) of the prior paragraph may, at the Distributor's sole option, be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay to the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Multiple Strategies Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “Minimum Holding Period”), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Equity Income Fund Inc)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Growth Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly quarterly, or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption repurchase transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Portfolio Series)
Service Fee. In consideration of the administrative support ------------ services provided by a RecipientRecipient during a calendar quarter, the Distributor shall may make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer International Diversified Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal PersonNamepersonal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Cash Reserves/Co/)
Service Fee. In consideration of the ------------- administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption repurchase transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Plan and Agreement (Oppenheimer Multi Cap Value Fund)
Service Fee. In consideration of the administrative support ------------ services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Plan and Agreement (Oppenheimer Quest Capital Value Fund Inc)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period of the aggregate net asset value of Shares, Shares computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may to be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, Holdings sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to t exceed 0.0625% (0.25% on an annual basis basis) of the average during the period of the aggregate net asset value of Shares, Shares computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Bond Fund Series)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar ------------ quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Growth Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Portfolio Series)
Service Fee. In consideration of the administrative support services provided by a Recipient------------- Recipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer High Yield Fund Inc)
Service Fee. In consideration of the administrative support services provided by a Recipient------------- Recipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Main Street Funds Inc)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a ----------- calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Enterprise Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “Minimum Holding Period”), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “Advance Service Fee Payments” at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor’s sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Main Street Funds Inc)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Rochester Fund Municipals)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Rochester Portfolio Series)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Plan and Agreement (Oppenheimer Quest Value Fund Inc)
Service Fee. In consideration of the administrative support ----------- services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Trinity Core Fund)
Service Fee. In consideration of the administrative support ------------ services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Convertible Securities Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar ----------- quarter, the Distributor shall may make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer U S Government Trust)
Service Fee. In consideration of the administrative support ----------- services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Equity Fund Inc)
Service Fee. In consideration of the administrative support ------------- services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption repurchase transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Plan and Agreement (Oppenheimer Multi Cap Value Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient ----------- during a calendar quarter, the Distributor shall may make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Real Asset Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient ------------ during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Growth Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of each Fund's Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the FundFunds, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund Funds and processing Share redemption transactions, making the Fund’s Funds' investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund Funds may reasonably request.
Appears in 1 contract
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that any Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, Holdings sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Rochester Fund Municipals)
Service Fee. In consideration of the ----------- administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Plan and Agreement (Oppenheimer International Value Trust)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.personal
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Bond Fund for Growth /Ma/)
Service Fee. In consideration of the -------------- administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Main Street Small Cap Fund)
Service Fee. In consideration of the administrative support services ----------- provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Trinity Value Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient------------- Recipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption repurchase transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Real Estate Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “("Advance Service Fee Payments” ") at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, Holdings sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, Shares computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. The Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. However, no such payments shall be made to any Recipient for any such quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Multiple Strategies Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall may make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer U S Government Trust)
Service Fee. In consideration of the administrative support services provided by a Recipient, the The Distributor shall make service fee payments to that each Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, Shares computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may to be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “Advance Service Fee Payments” at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, Holdings sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its CustomersCustomers ("Advance Service Fee Payments"), plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, Shares computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year, subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by Rule 2830 of the NASD Conduct Rules. The Advance Service Fee Payments described in part (i) of the prior paragraph may, at the Distributor's sole option, be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay to the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Multiple Strategies Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient------------ Recipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (i) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, the Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Growth Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall may make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Capital Preservation Fund)
Service Fee. In consideration of the administrative support services provided by a Recipient, the The Distributor shall make service fee payments to that any Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, Shares computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may to be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments (i) to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (i) “"Advance Service Fee Payments” "), (i) at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, Holdings sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, Shares computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year, subject to reduction or chargeback so that the service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by Rule 2830 of the NASD Conduct Rules. The Advance Service Fee Payments described in part (i) of the prior sentence may, at the Distributor's sole option, be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay to the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Global Fund)
Service Fee. In consideration of the administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Total Return Fund Inc)
Service Fee. In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter quarterly or at such other interval as deemed appropriate by the Distributor: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Municipal Fund)
Service Fee. In consideration of the ------------- administrative support services provided by a RecipientRecipient during a calendar quarter, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributorquarterly, within forty-five (45) days of the end of each calendar quarter or other periodquarter, at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “"Minimum Holding Period”"), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any RecipientRecipient quarterly, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributorquarter: (iA) “"Advance Service Fee Payments” " at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period quarter and owned beneficially or of record by the Recipient or by its Customers, plus (iiB) service fee payments at a rate not to exceed 0.0625% (0.25% on an annual basis basis) of the average during the period calendar quarter of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. At the Distributor's sole option, Advance Service Fee Payments may be made more often than quarterly, and sooner than the end of the calendar quarter. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s 's investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.
Appears in 1 contract
Samples: Distribution and Service Plan and Agreement (Oppenheimer Main Street Opportunity Fund)