Initial Sales Charge definition

Initial Sales Charge means a charge upon the issue of Units of such amount as the Managers may from time to time determine generally or in relation to any specific transaction or class of transactions provided that such charge shall not exceed five per cent. of the gross investment sum. Such expression in the context of a given date shall refer to the charge or charges determined by the Managers pursuant to the Deed and applicable on that date.
Initial Sales Charge means a charge upon the issue of a Unit of any Sub-Fund or Class of such amount as shall from time to time be fixed by and payable to the Managers generally or in relation to any specific or class of transaction PROVIDED THAT it shall not exceed 5% of the Gross Investment Sum.
Initial Sales Charge. A fee based on a percentage of a Contribution that was deducted from certain Contributions prior to their investment in the Account. Initial Sales Charges do not currently apply, but may have applied to prior Contributions.

Examples of Initial Sales Charge in a sentence

  • Reduced Class A Initial Sales Charge Rates for Certain Former Quest for Value Funds Shareholders.

  • Not Subject to Initial Sales Charge but May Be Subject to the Class A Contingent Deferred Sales Charge (unless a waiver applies).

  • Purchases of Class A Shares of Oppenheimer Funds That Are Not Subject to Initial Sales Charge but May Be Subject to the Class A Contingent Deferred Sales Charge (unless a waiver applies).

  • Any Initial Sales Charge paid by the investor will be refunded to him.

  • Such a change can be made only by Redeeming the DSC-Free Units and using the proceeds to acquire the same Units as Initial Sales Charge Units.

  • The Manager will pay to registered dealers of the Fund an annual fee of 1.0% for Initial Sales Charge Units of Class A and 0.5% for Deferred Sales Charge Units of Class A.

  • Such discounts would be deducted from the amount of the Initial Sales Charge payable by the investors.

  • The maximum initial sales charge is 5% of the Gross Investment Sum.The Managers may from time to time give a discount or discounts on the Initial Sales Charge payable by prospective investors in accordance with the provisions of the Deed.

  • The notional issue price is for illustrative purposes only, and the actual issue price will fluctuate according to the Net Asset Value of the relevant Share Class as well as the applicable initial sales charge*:$1,000 - $50 = $950 ÷ $1.00 = 950SharesInitial SubscriptionNotional Initial Sales Charge of 5%Net SubscriptionNotional Issue PriceShares Issued*You may also be subject to Duties and Charges on your subscription.

  • Maximum Annual Rule 12b-1 Distribution Fee: None4.Maximum Annual Shareholder Servicing Fee: None5.Conversion Features: None6.Exchange Privileges: As described in the current prospectus for each Fund.L. Select Class Shares – Multi-Class Money Market Funds.1. Maximum Initial Sales Charge: None2.


More Definitions of Initial Sales Charge

Initial Sales Charge means the initial sales charge assessed on purchases of Class A shares, pursuant to the terms of the Prospectus.
Initial Sales Charge. (or “ISC”) has the meaning specified in Section 11.1 of the Contract;
Initial Sales Charge means a charge upon the issue of Units of such amount as the Managers may from time to time determine generally or in relation to any specific transaction or class of transactions provided that (in the case of all the Classes except for the SGD Class B) such charge shall not exceed five per cent. of the gross investment sum. Such expression in the context of a given date shall refer to the charge or charges determined by the Managers pursuant to the Deed and applicable on that date. Fee(a) Retained by ManagersCurrent: 1.00% of the Class’ NAV; Maximum: 2.00% of the Class’ NAV(a) 40% to 100% of Annual Management Fee(b) Paid byManagers to financial adviser (trailer fee)(b) 0% to 60%2 of Annual Management Fee SGD Class BCurrent: 0.30% of the Class’ NAV; Maximum: 0.80% of the Class’ NAV (a) 100% of Annual Management Fee (b) 0%2 of Annual Management FeeAnnual Trustee FeeCurrent: 0.03% of the Fund’s NAV; Maximum 0.10% of the Fund’s NAV. Subject always to a minimum fee of S$5,000 per annum or such lower amount as the Managers and the Trustee may agree from time to time.Other Fees Charges*andSubject to agreement with the relevant parties, other fees and charges, including, inter alia the custodian fee, the fund administration fee and the audit fee may each amount to or exceed 0.10% per annum, depending on the proportion that each fee or charge bears to the Fund’s NAV. * Based on the audited accounts of the Fund for the year ended 31 December 2019, the transaction fees amounted to approximately 0.10% of the average NAV of the Fund for the year ended 31 December 2019.

Related to Initial Sales Charge

  • Sales Charge and "Dealer Commission" apply only to the Load Funds and the CDSC Funds. All commissions and concessions are subject to change without notice by us and will comply with any changes in regulatory requirements. You agree that you will not combine customer orders to reach breakpoints in commissions for any purpose whatsoever unless authorized by the Prospectus or by us in writing.

  • Initial Sale is defined in the recitals of this Agreement.

  • Deferred Sales Charge means the "deferred sales fee" as described in the Prospectus.

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Initial Sale Time means 2:30 p.m. (Eastern time) on the date of this Underwriting Agreement.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Gross Sales Proceeds with respect to each sale of Shares shall be the Gross Sales Price multiplied by the number of Shares sold;

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Sales Costs means costs associated with the sale including the cost of advertising, sale direct and indirect costs related to notification such as the cost of any reports required to determine the names of persons having an interest in the property or the status of the property, printing, postage, advertising, posting of the property, title insurance and staff salaries, benefits and overhead costs directly expended to complete the sale.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Commercial Sale means for a given product and country the sale for value of that product by a Party (or, as the case may be, by an Affiliate or permitted sublicensee of a Party), to a Third Party after regulatory approval (if necessary) has been obtained for such product in such country.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Monthly Maintenance Statement shall have the meaning set forth in Clause 19.6;

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Delivery Year means the Planning Period for which a Capacity Resource is committed pursuant to the auction procedures specified in Tariff, Attachment DD, or pursuant to an FRR Capacity Plan under Reliability Assurance Agreement, Schedule 8.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;