SALES LOADS definition

SALES LOADS. A maximum sales charge of 5.5% of offering price is imposed on purchases of Class A Shares in the fluctuating value funds. Certain purchases of these Class A Shares are not subject to a sales charge as described in the Corporation's registration statement. Class A Shares purchased without an initial sale charge based on an initial investment of $1,000,000 or more may be charged a contingent deferred sales charge of 1.00% for redemptions made within one full year of purchase; and 0.50% for redemptions made within the second full year of purchase. Class B and Class C Shares are sold without an initial sales charge, but are subject to a maximum contingent deferred sales charge of 5.0% and 1.0% respectively, as described in the Corporation's registration statement. Class I Shares do not impose any sales charges.
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Examples of SALES LOADS in a sentence

  • FORESIDE FUND SERVICES, LLC By: Name: Title: ON BEHALF OF EACH OF THE FUNDS LISTED ON EXHIBIT A By: Name: Title: SALES LOADS: Any and all upfront commissions on sales of Shares notified by a Fund in writing to the Distributor in respect of a particular Financial Intermediary up to the maximum such upfront commission rate set forth in the Registration Statement, including the Prospectus, filed with the SEC and in effect at the time of sale of such Shares.

  • GoldenTree Opportunistic Credit Fund By: Name: Title: Foreside Fund Services, LLC By: Name: Title: SALES LOADS: Any and all upfront sales loads on sales of Shares notified by the Fund in writing to the Distributor in respect of a particular Financial Intermediary up to the maximum such upfront sales load rate set forth in the Registration Statement, including the Prospectus, filed with the SEC and in effect at the time of sale of such Shares.

  • By: /s/ Name: ▇▇▇▇ ▇▇▇▇▇▇▇ Title: President By: /s/ Name: ▇▇▇▇▇▇ ▇▇▇▇▇ Title: President SALES LOADS: Any and all upfront commissions on sales of Shares notified by a Fund in writing to the Distributor in respect of a particular Financial Intermediary up to the maximum such upfront commission rate set forth in the Registration Statement, including the Prospectus, filed with the SEC and in effect at the time of sale of such Shares.

  • By: Name: ▇▇▇▇▇▇▇ ▇▇▇▇ Title: President By: Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President SALES LOADS: Any and all upfront commissions on sales of Shares notified by a Fund in writing to the Distributor in respect of a particular Financial Intermediary up to the maximum such upfront commission rate set forth in the Registration Statement, including the Prospectus, filed with the SEC and in effect at the time of sale of such Shares.

  • By: /s/__________________________ Name: ▇▇▇▇ ▇▇▇▇▇▇▇ Title: President By: /s/________________________ Name: ▇▇▇▇▇▇ ▇▇▇▇▇ Title: President SALES LOADS: Any and all upfront commissions on sales of Shares notified by a Fund in writing to the Distributor in respect of a particular Financial Intermediary up to the maximum such upfront commission rate set forth in the Registration Statement, including the Prospectus, filed with the SEC and in effect at the time of sale of such Shares.

Related to SALES LOADS

  • Sales Load means front end load deducted at the time of investment or back end load charged at the time of redemption from Scheme. However, the load charged upon redemption and which forms part of the Scheme property shall not classify as sales load. An Asset Management Company may charge sales load maximum upto 3% of the NAV per unit and may charge sales load maximum upto 1.5% of the NAV per unit where transactions are done online or through a website.

  • Sales On the settlement date for a sale, Bank shall credit the Cash Account with the sale proceeds of the sale and transfer the relevant Financial Assets to an account pending settlement of the trade if not already delivered.

  • Producer means any broker, insurance producer, agent, general agent, managing general agent, master broker agency, broker general agency, financial specialist or other Person, including any employee of the Ceding Company or its Affiliates, responsible for writing, marketing, producing, selling or soliciting Reinsured Contracts.

  • Marketer means a duly licensed electric power supplier that

  • Licensed Services means all functions performed by the Licensed System.