Common use of Suspension/Elimination of Compensation Clause in Contracts

Suspension/Elimination of Compensation. Dealer acknowledges and agrees that the Fund may, upon sixty days’ prior written notice to the Distributor, suspend or eliminate the payment of any compensation or other dealer compensation, by amendment, sticker, or supplement to the Prospectus for the Fund for any Shares of the Fund acquired after the expiration of the sixty day prior written notice period, except that the Fund may, without prior notice to Distributor, suspend or eliminate the payment of any compensation or other dealer compensation, by amendment, sticker, or supplement to the Prospectus for the Fund in cases where such suspension or elimination is required (a) pursuant to the dictates of any relevant regulatory agency with jurisdiction over the Fund, the Distributor, or the Dealer or (b) otherwise by operation of law. Distributor agrees to notify Dealer promptly upon receiving notice of any suspension or elimination of the payment of any compensation to the Distributor by the Fund. Distributor agrees to promptly notify Dealer after any material changes to the amount of the maximum sales charge or Related Compensation as described in the Fund’s Prospectus.

Appears in 4 contracts

Samples: Dealer Agreement (Blackstone Real Estate Income Fund II), Dealer Agreement (Blackstone Real Estate Income Fund), Dealer Agreement (Blackstone Real Estate Income Fund II)

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Suspension/Elimination of Compensation. Dealer acknowledges and agrees that the Fund may, upon sixty days’ prior written notice to the Distributor, suspend or eliminate the payment of any compensation or other dealer compensation, by amendment, sticker, or supplement to the Prospectus for the Fund for any Shares of the Fund acquired after the expiration of the sixty day prior written notice period, except that the Fund may, without prior notice to Distributor, suspend or eliminate the payment of any compensation or other dealer compensation, by amendment, sticker, or supplement to the Prospectus for the Fund in cases where such suspension or elimination is required (a) pursuant to the dictates of any relevant regulatory agency with jurisdiction over the Fund, the Distributor, or the Dealer or (b) otherwise by operation of law. Distributor agrees to notify Dealer promptly upon receiving notice of any suspension or elimination of the payment of any compensation to the Distributor or Dealer by the Fund. Distributor agrees to promptly notify Dealer after any material changes to the amount of the maximum sales charge or Related Compensation as described in the Fund’s Prospectus.

Appears in 3 contracts

Samples: Dealer Agreement (Blackstone Real Estate Income Fund), Dealer Agreement (Blackstone Real Estate Income Fund II), Dealer Agreement (Blackstone Alternative Alpha Fund)

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