Class C Distribution definition

Class C Distribution means the aggregate cumulative preferential cash distribution to be paid on the Class C LP Units equal each month to $0.05 per Class C LP Unit multiplied by the number of issued and outstanding Class C LP Units, as the case may be. See “Description of the Partnership — Partners and Partnership Securities”.
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Class C Distribution means, with respect to a Class C Convertible Preferred Unit:
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Class C Distribution means in respect of any month the aggregate cumulative preferential cash distribution to be paid on the Class C Units, equal to $0.0625 per Class C Unit multiplied by the number of issued and outstanding Class C Units.
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Examples of Class C Distribution in a sentence

  • The Class C Shareholders of the Fund have exclusive voting rights, if any, with respect to the Fund's Class C Distribution Plan.

  • The Class C Shareholders of the Fund have exclusive voting rights, if any, with respect to the Fund’s Class C Distribution Plan.

  • The compensation provided in the Class C Distribution Plan applicable to Class C Shares (the "Class C Plan") is divided into a distribution fee and a service fee, each of which fees is in compensation for different services to be rendered to the Fund.

  • The Distributor may assign its right to the Class C Distribution Fees (but not its obligation to the Trust) to a third party, and such transfer shall be free and clear of offsets or claims that the Trust or any Fund may have against the Distributor.

  • Class C shares of each Multi-Class Portfolio shall reimburse the Distributor for costs and expenses incurred in connection with distribution and marketing of shares thereof, as provided in the Class C Distribution Plan and any supplements thereto, subject to an annual limit of 1.00%, or in some cases 0.50%, of the average daily net assets of a Multi-Class Portfolio's Class C shares.

  • The Trust may agree, at the request of the Distributor, to pay the Class C Distribution Fees relating to each Fund directly to the third party transferee or its designee.

  • The Distributor shall be considered to have performed all services so as to entitle it to the right to the payment of the Class C Distribution Fee with respect to the first year following issuance of each Class C Share so long as with respect to the Class C Distribution Fee, the Plan with regard to such Class C Shares continues pursuant to its term and the right to payment of the CDSC with respect to each Class C Share upon the settlement date of the redemption of such Class C Share.

  • In addition to the Class C Service Fee, the Fund will pay the Servicing Party a distribution fee, provided that the aggregate amount of all such payments with respect to Class C shares does not exceed an amount calculated at the rate set forth in Appendix A, (the "Class C Distribution Fee" and collectively with the Class B Distribution Fee, the "Distribution Fees").

  • Service Fee: 0.25%Preamble to Class C Distribution PlanThe following Distribution Plan (the “Plan”) has been adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), by the Investment Company named above (the “Trust”) for the Class C shares (the “Class”) of the Fund named above (the “Fund”), which Plan shall take effect as of the date Class C shares are first offered (the “Effective Date of the Plan”).

  • The Class C Certificates are entitled to the Class C Distribution Amount on each Distribution Date.

Related to Class C Distribution

  • Series A Distribution Rate means a rate equal to 7.25% per annum of the Stated Series A Liquidation Preference per Series A Preferred Unit.