Allocation of CDSCS. (1) CDSCs Related to the Redemption of Commission Shares Other Than Omnibus Shares: CDSCs in respect of the redemption of Commission Shares which are not Omnibus Shares shall be allocated to PSI or Successor Distributor depending upon whether the related redeemed Commission Share is attributable to PSI or Successor Distributor, as the case may be, in accordance with Part I above. (2) CDSCs Related to the Redemption of Omnibus Shares: CDSCs in respect of the redemption of Omnibus Shares shall be allocated to PSI or a Successor Distributor in the same proportion that CDSCs related to the redemption of Commission Shares are allocated to each thereof; provided, that if PSI and its transferees reasonably determine that the Transfer Agent is able to produce monthly reports which track the Date of Original Issuance for the Omnibus Shares, then the CDSCs in respect of the redemption of Omnibus Shares shall be allocated among PSI and any Successor Distributors depending on whether the related redeemed Omnibus Share is attributable to PSI or a Successor Distributor, as the case may be, in accordance with Part I above.
Appears in 8 contracts
Sources: Underwriting Agreement (Pilgrim Mutual Funds), Underwriting Agreement (Ing Funds Trust), Underwriting Agreement (Aetna Series Fund Inc)
Allocation of CDSCS. (1) CDSCs Related to the Redemption of Commission Shares Other Than Omnibus Shares: CDSCs in respect of the redemption of Commission Shares which are not Omnibus Shares shall be allocated to PSI the Distributor or Successor Distributor depending upon whether the related redeemed Commission Share is attributable to PSI the Distributor or Successor Distributor, as the case may be, in accordance with Part I above.
(2) CDSCs Related to the Redemption of Omnibus Shares: CDSCs in respect of the redemption of Omnibus Shares shall be allocated to PSI the Distributor or a Successor Distributor in the same proportion that CDSCs related to the redemption of Commission Shares are allocated to each thereof; provided, that if PSI the Distributor and its transferees reasonably determine that the Transfer Agent is able to produce monthly reports which track the Date of Original Issuance for the Omnibus Shares, then the CDSCs in respect of the redemption of Omnibus Shares shall be allocated among PSI the Distributor and any Successor Distributors depending on whether the related redeemed Omnibus Share is attributable to PSI the Distributor or a Successor Distributor, as the case may be, in accordance with Part I above.
Appears in 6 contracts
Sources: Underwriting Agreement (Ing Mutual Funds), Underwriting Agreement (Ing Equity Trust), Underwriting Agreement (Ing Funds Trust)
Allocation of CDSCS. (1) CDSCs Related to the Redemption of Non-Omnibus Commission Shares Other Than Omnibus Shares: CDSCs in respect of the redemption of Non-Omnibus Commission Shares which are not Omnibus Shares shall be allocated to PSI the Distributor or a Successor Distributor depending upon whether the related redeemed Commission Share is attributable to PSI the Distributor or such Successor Distributor, as the case may be, in accordance with Part I above.
(2) CDSCs Related to the Redemption of Omnibus Shares: CDSCs in respect of the redemption of Omnibus Shares shall be allocated to PSI the Distributor or a Successor Distributor in the same proportion that CDSCs related to the redemption of Commission Shares are allocated to each thereof; provided, that if PSI and its transferees the Distributor reasonably determine determines that the Transfer Agent transfer agent is able to produce monthly reports which track the Date of Original Issuance for the Omnibus Shares, then the CDSCs in respect of the redemption of Omnibus Shares shall be allocated among PSI the Distributor and any Successor Distributors Distributor depending on whether the related redeemed Omnibus Share is attributable to PSI the Distributor or a Successor Distributor, as the case may be, in accordance with Part I above.
Appears in 5 contracts
Sources: Principal Underwriting Agreement (Smallcap World Fund Inc), Principal Underwriting Agreement (Income Fund of America Inc), Distribution Agreement (Pic Investment Trust)
Allocation of CDSCS. (1) CDSCs Related to the Redemption of Non-Omnibus Commission Shares Other Than Omnibus Shares: CDSCs in respect of the redemption of Non-Omnibus Commission Shares which are not Omnibus Shares shall be allocated to PSI the Distributor or a Successor Distributor depending upon whether the related redeemed Commission Share is attributable to PSI the Distributor or such Successor Distributor, as the case may be, in accordance with Part I above.
(2) CDSCs Related to the Redemption of Omnibus Shares: CDSCs in respect of the redemption of Omnibus Shares shall be allocated to PSI the Distributor or a Successor Distributor in the same proportion that CDSCs related to the redemption of Non-Omnibus Commission Shares are allocated to each thereof; provided, that if PSI and its transferees the Distributor reasonably determine determines that the Transfer Agent transfer agent is able to produce monthly reports which track the Date of Original Issuance for the Omnibus Shares, then the CDSCs in respect of the redemption of Omnibus Shares shall be allocated among PSI the Distributor and any Successor Distributors Distributor depending on whether the related redeemed Omnibus Share is attributable to PSI the Distributor or a Successor Distributor, as the case may be, in accordance with Part I above.
Appears in 4 contracts
Sources: Principal Underwriting Agreement (Capital Income Builder Inc), Principal Underwriting Agreement (Europacific Growth Fund), Principal Underwriting Agreement (American Funds Tax Exempt Series I)