Servicing Plans definition
Examples of Servicing Plans in a sentence
All Compensation shall be assessed and paid in accordance with the terms of the applicable Prospectus and other applicable Company documentation (including Distribution and Servicing Plans) and, to the extent not inconsistent, Exhibit A hereto.
The compensation provisions of Section 3 related to Distribution and Servicing Plans also may be terminated at any time with respect to any Fund without payment of any penalty, to the extent required by applicable law, rule or regulation or provided in the Distribution and Servicing Plan, by vote of a majority of the Disinterested Directors of the applicable Company, or by vote of a majority of the outstanding voting securities of such Fund on 60 days’ written notice.
The Adviser Class and Service Class Shares of each Portfolio are subject to a shareholder servicing fee payable to Service Organizations pursuant to Shareholder Servicing Plans adopted for the Adviser and Service Classes.
The Distributor may retain some or all of such payments pursuant to the Distribution and Shareholder Servicing Plans in certain circumstances, including when there is no broker of record or when certain qualification standards have not been met by the broker of record.
If any EWC is waived for certain partial or complete repurchases as described in the applicable Prospectuses, then in any such case Dealer shall remit to Distributor promptly upon notice an amount equal to the commission or distribution fee paid by Distributor to Dealer on such Shares when initially sold less an adjustment equal to the payments received by Distributor on such Shares pursuant to the Distribution and Servicing Plans which are defined and described in Section 12 hereof.
The Distributor may use such payments, in its discretion, to compensate dealers, third party service providers, or other entities who provide distribution and/or services to the extent permitted by the Distribution and Shareholder Servicing Plans.
Broker-Dealer understands that pursuant to the Investment Company Act of 1940, as amended (the “1940 Act”), the closed-end interval Fund(s) offered and such other closed-end interval fund(s) subsequently established by the Company and distributed by the Distributor as set forth in the Agreement Fee Schedule may have adopted Distribution and/or Shareholder Servicing Plans (each individually a “Plan” and collectively “Plans”) to enable payments to certain entities for shareholder servicing.
The Distributor may use such payments, in its discretion, to compensate dealers, third party service providers, or other entities who provide distribution-related services to the extent permitted by the Distribution and Shareholder Servicing Plans.
The Subdivider shall construct, install and locate fire hydrants generally as proposed in the Servicing Plans and specifically as required by the Municipal Engineer in accordance with the Municipality’s standards.
Subdivider shall construct and install watermains and appurtenances including valves and valve ▇▇▇▇▇▇▇▇ and also service connections from such watermains to each lot line generally as proposed in the Servicing Plans and specifically as required by the Municipal Engineer.