Common use of Syndication Fee Clause in Contracts

Syndication Fee. (a) In consideration of advice to the Company relating to, but not limited to, syndication assistance with respect to the Fund and the distribution of the Fund’s common shares of beneficial interest, without par value (the “Shares”), including without limitation, securing syndicate participants for the Fund’s initial public offering (the “Offering”), preparation of marketing and diligence materials for underwriters, conveying information and market updates to syndicate members and coordinating syndicate orders during the Offering, the Company shall pay a fee to Xxxxxx Xxxxxxx equal to [$ ] (the “Syndication Fee”). The Syndication Fee paid to Xxxxxx Xxxxxxx shall not exceed [__%] of the total price to the public of the Shares sold by the Fund in the Offering. In the event the Offering does not proceed, Xxxxxx Xxxxxxx will not receive any fees under this Agreement; however, for the avoidance of doubt, accountable expenses actually incurred may be payable to Xxxxxx Xxxxxxx pursuant to the terms of the principal underwriting agreement relating to the Offering (the “Underwriting Agreement”).

Appears in 1 contract

Samples: Syndication Fee Agreement (Virtus Global Multi-Sector Income Fund)

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Syndication Fee. (a) In consideration of advice to the Company relating to, but not limited to, syndication assistance with respect to the Fund and the distribution of the Fund’s common shares of beneficial interestshares, without par value $0.001 (the “Shares”), including without limitation, securing syndicate participants for the Fund’s initial public offering (the “Offering”), preparation of marketing and diligence materials for underwriters, conveying information and market updates to syndicate members and coordinating syndicate orders during the Offering, the Company shall pay a fee to Xxxxxx Xxxxxxx equal to [$ $[ ] (the “Syndication Fee”). The Syndication Fee paid to Xxxxxx Xxxxxxx shall not exceed [__%] [ ]% of the total price to the public of the Shares sold by the Fund in the Offering. In the event the Offering does not proceed, Xxxxxx Xxxxxxx will not receive any fees under this Agreement; however, for the avoidance of doubt, accountable expenses actually incurred may be payable to Xxxxxx Xxxxxxx pursuant to the terms of the principal underwriting agreement relating to the Offering (the “Underwriting Agreement”).

Appears in 1 contract

Samples: Syndication Fee Agreement (Blackstone / GSO Strategic Credit Fund)

Syndication Fee. (a) In consideration of advice to the Company relating to, but not limited to, syndication assistance with respect to the Fund and the distribution of the Fund’s its common shares of beneficial interest, without par value $0.01 per share (the “Shares”), including without limitation, securing syndicate participants for the Fund’s initial public offering (the “Offering”), preparation of marketing and diligence materials for underwriters, conveying information and market updates to syndicate members and coordinating syndicate orders during the Offering, the Company shall pay a fee to Xxxxxx Xxxxxxx equal to [$ ] (the “Syndication Fee”). The Syndication Fee paid to Xxxxxx Xxxxxxx shall not exceed [__%] % of the total price to the public of the Shares sold by the Fund in the Offering. In the event the Offering does not proceed, Xxxxxx Xxxxxxx will not receive any fees under this Agreement; however, for the avoidance of doubt, accountable expenses actually incurred may be payable to Xxxxxx Xxxxxxx pursuant to the terms of the principal underwriting agreement relating to the Offering (the “Underwriting Agreement”).

Appears in 1 contract

Samples: Syndication Fee Agreement (John Hancock Hedged Equity & Income Fund)

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Syndication Fee. (a) In consideration of advice to the Company relating to, but not limited to, syndication assistance with respect to the Fund and the distribution of the Fund’s common shares of beneficial interest, without par value $0.00001 (the “Shares”), including without limitation, securing syndicate participants for the Fund’s initial public offering (the “Offering”), preparation of marketing and diligence materials for underwriters, conveying information and market updates to syndicate members and coordinating syndicate orders during the Offering, the Company shall pay a fee to Xxxxxx Xxxxxxx equal to [$ ] (the “Syndication Fee”). The Syndication Fee paid to Xxxxxx Xxxxxxx shall not exceed [__%] 0. % of the total price to the public of the Shares sold by the Fund in the Offering. In the event the Offering does not proceed, Xxxxxx Xxxxxxx will not receive any fees under this Agreement; however, for the avoidance of doubt, accountable expenses actually incurred may be payable to Xxxxxx Xxxxxxx pursuant to the terms of the principal underwriting agreement relating to the Offering (the “Underwriting Agreement”).

Appears in 1 contract

Samples: Syndication Fee Agreement (Stone Harbor Emerging Markets Total Income Fund)

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