Terms and Conditions of the Distribution Fee Sample Clauses

Terms and Conditions of the Distribution Fee. (1) From and after the sale by Participating Broker-Dealer of Class A Shares sold as Primary Shares hereunder, the Dealer Manager will reallow to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of the Distribution Fee with respect to such Class A Shares that shall be calculated daily and paid monthly. For each day during the applicable calendar quarter for which the Distribution Fee is calculated, the Distribution Fee reallowed to Participating Broker-Dealer shall equal (A) __% multiplied by (B)(i) 1/365th of 0.50% of the Company’s NAV allocable to the outstanding Class A Shares each day, multiplied by (ii) the percentage equal to the number of Class A Shares sold by Participating Broker-Dealer that are outstanding on such day divided by the total number of Class A Shares outstanding on such day. These amounts are in addition to the selling commissions provided for in Section IV of this Participating Broker-Dealer Agreement. (2) From and after the sale by Participating Broker-Dealer of Class T Shares sold as Primary Shares hereunder, the Dealer Manager will reallow to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of the Distribution Fee with respect to such Class T Shares that shall be calculated daily and paid monthly. For each day during the applicable calendar quarter for which the Distribution Fee is calculated, the Distribution Fee reallowed to Participating Broker-Dealer shall equal (A) __% multiplied by (B)(i) 1/365th of 1% of the Company’s NAV allocable to the outstanding Class T Shares each day, multiplied by (ii) the percentage equal to the number of Class T Shares sold by Participating Broker-Dealer that are outstanding on such day divided by the total number of Class T Shares outstanding on such day. These amounts are in addition to the selling commissions provided for in Section IV of this Participating Broker-Dealer Agreement.
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Terms and Conditions of the Distribution Fee. Participating Broker-Dealer is authorized to sell Class A Primary Shares according to the following terms and conditions in accordance with all other express or implied terms and conditions of the Agreement: From and after the sale by Participating Broker-Dealer of Class A Primary Shares hereunder, the Dealer Manager will pay to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of the Distribution Fee that shall be calculated daily and paid quarterly. For each day during the applicable calendar quarter for which the Distribution Fee is calculated, the Distribution Fee payable to Participating Broker-Dealer shall equal (i) the number of Class A Primary Shares sold by Participating Broker-Dealer and outstanding on such day, multiplied by (ii) 1/365th of % of the Company’s NAV for Class A Primary Shares for such day.
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Terms and Conditions of the Distribution Fee. The terms and conditions of the Distribution Fee are subject to the Prospectus as may be amended or supplemented from time to time. As may be applicable to a particular Class of Shares, the Managing Dealer may reallow to Broker the Distribution Fee in an amount described below, if any, on Shares sold by Broker. The Distribution Fee will accrue daily based on the Company’s current net asset value of its Shares of such Class in its public filings and will be payable monthly in arrears as provided in the Prospectus. All determinations regarding the total amount and rate of reallowance of the Distribution Fee, the Broker’s compliance with the listed conditions, and/or the portion retained by the Managing Dealer will be made by the Managing Dealer in its sole discretion. Eligibility to receive the Distribution Fee is conditioned upon: (i) existence of an effective Participating Broker Agreement or ongoing shareholder servicing agreement between the Managing Dealer and the Broker, (ii) provision of service with respect to the Shares by the Broker, which may include one or more of the following: ongoing account maintenance, assistance with recordkeeping, assistance with and answering investor inquiries regarding distributions payments, reinvestment decisions, Share repurchase requests, or tax information, assistance in delivering annual reports, assistance with Share conversion processing, or providing such other similar services as the shareholder may reasonably require in connection investment in the Class of Shares, and (iii) acting as broker-dealer of record with respect to such Shares (in which case the Broker agrees to promptly notify the Managing Dealer in writing if it is no longer the broker-dealer of record with respect to some or all of the Shares). In connection with this provision, the Broker agrees to reasonably cooperate to provide certification to the Company, the Managing Dealer, and its agents (including its auditors) confirming the provision of services to each particular Class of shareholders upon reasonable request. The Broker waives any and all rights to receive compensation, including the Distribution Fee, until it is paid to and received by the Managing Dealer. The Broker hereby represents by its acceptance of each payment of the Distribution Fee that it complies with each of the above requirements and is providing the above-described services. The Company and the Managing Dealer shall cease paying the Distribution Fee with respect to Shar...
Sample 1
Terms and Conditions of the Distribution Fee. The Company will pay to the Dealer Manager a Distribution Fee that is calculated each day with respect to the Company’s Class A shares only equal to 1/365th of 0.50% of the Company’s NAV allocable to the Class A shares sold during the term of this Agreement that remain outstanding on such day, unless the Dealer Manager notifies the Company that it has elected to waive a portion of the fee for any given period, in which event the agreed upon lesser amount shall be payable. Notwithstanding the termination of an Offering or this Agreement, the Company will continue paying the Distribution Fee with respect to Class A Shares sold in such Offering prior to such Termination Date for so long as such Class A Shares remain outstanding and until the date at which total underwriting compensation (defined in accordance with applicable FINRA Rules) paid with respect to such Offering equals 10% of the gross proceeds from the sale of Primary Shares in such Offering. No Distribution Fees are payable on sales of Class M, Class I-A, or Class I-M Primary Shares or DRIP Shares.
Sample 1
Terms and Conditions of the Distribution Fee. From and after the sale by Participating Broker-Dealer of Class A Primary Shares hereunder, the Dealer Manager will pay to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of the Distribution Fee that shall be calculated daily and paid quarterly. For each day during the applicable calendar quarter for which the Distribution Fee is calculated, the Distribution Fee payable to Participating Broker-Dealer shall equal (i) the number of Class A Primary Shares sold by Participating Broker-Dealer and outstanding on such day, multiplied by (ii) 1/365th of % of the Company’s NAV for Class A Primary Shares for such day. No Distribution Fees are payable on sales of Class M, Class I-A or Class I-M Primary Shares.
Sample 1

Related to Terms and Conditions of the Distribution Fee

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to: 1. The Bonds listed in the Schedule hereto have been deposited in trust under this Trust Agreement. 2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust. 3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust.

  • Terms and Conditions of Use NASCAR shall have the right to use and sublicense PROMOTER’s Marks in connection with publicity, promotion or advertising of the Event and the NASCAR Sprint Cup Series, and the exploitation of Live Broadcast Rights and Ancillary Rights, provided, however, that NASCAR shall not, without the prior written consent of PROMOTER, use or sublicense the use of PROMOTER’s Marks on the branding of any retail package product, unless otherwise expressly permitted in this Agreement.

  • General Terms and Conditions of the Notes Section 201.

  • Terms and Conditions of Payment Payments will be made to the Service Provider according to the payment schedule stated in the SCC. Unless otherwise stated in the SCC, the advance payment (Advance for Mobilization, Materials and Supplies) shall be made against the provision by the Service Provider of a bank guarantee for the same amount, and shall be valid for the period stated in the SCC. Any other payment shall be made after the conditions listed in the SCC for such payment have been met, and the Service Provider have submitted an invoice to the Procuring Entity specifying the amount due.

  • STANDARD TERMS AND CONDITIONS OF TRUST Subject to the provisions of Part II hereof, all the provisions contained in the Standard Terms and Conditions of Trust are herein incorporated by reference in their entirety and shall be deemed to be a part of this instrument as fully and to the same extent as though said provisions had been set forth in full in this instrument.

  • Terms and Conditions of Sales Shares shall be offered for sale only in those jurisdictions where they have been properly registered or are exempt from registration or for which appropriate notice filings have been made, and only to those groups of people which the Board may from time to time determine to be eligible to purchase such shares.

  • Terms and Conditions of Sale This Price List supersedes all previous price lists.

  • TERMS AND CONDITIONS OF THE NOTES The Notes shall be governed by all the terms and conditions of the Indenture, as supplemented by this First Supplemental Indenture. In particular, the following provisions shall be terms of the Notes:

  • TERMS AND CONDITIONS OF AGREEMENT INSURANCE REQUIREMENTS: During the term of this Agreement, consultant/contractor shall maintain insurance documentation per the limits and requirements outlined:

  • TERMS AND CONDITIONS OF OFFER This is an offer to purchase the Property in accordance with the above-stated terms and conditions of this Agreement. If at least one, but not all, of the Parties initial such pages, a counteroffer is required until an agreement is reached. The Seller has the right to continue to offer the Property for sale and to accept any other offer at any time prior to notification of acceptance. If this offer is accepted and the Buyer subsequently defaults, the Buyer may be responsible for payment of licensed real estate agent(s) compensation. This Agreement and any supplement, addendum, or modification, including any copy, may be signed in two or more counterparts, all of which shall constitute one and the same writing.

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