Common use of Unit Investment Trust Concessions Clause in Contracts

Unit Investment Trust Concessions. LPL receives a dealer concession from a unit investment trust (“UIT”) sponsor in connection with the Plan’s investment in a UIT, up to 2.60% LPL also receives additional payments from UIT sponsors, also known as volume concessions, based on LPL’s aggregate sales volume with the sponsor.

Appears in 4 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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