ALLOCATION OF DISTRIBUTION FEE Clause Samples
The Allocation of Distribution Fee clause defines how fees related to the distribution of products or services are divided among the parties involved in an agreement. Typically, this clause outlines the percentage or method by which distribution fees are shared, and may specify payment timelines or conditions under which the allocation may change. Its core function is to ensure transparency and prevent disputes by clearly establishing each party’s entitlement to distribution-related revenues.
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ALLOCATION OF DISTRIBUTION FEE. Assuming that the Distribution Fee remains constant over time so that Part IV hereof does not become operative:
(1) The portion of the aggregate Distribution Fee accrued in respect of all Class 529-B shares of a Fund during any calendar month allocable to the Distributor or a Successor Distributor is determined by multiplying the total of such Distribution Fee by the following fraction: where:
(2) If the Distributor reasonably determines that the transfer agent is able to produce automated monthly reports that allocate the average Net Asset Value of the Commission Shares (or all Class 529-B shares if available) of a Fund among the Distributor and any Successor Distributor in a manner consistent with the methodology detailed in Part I and Part III(1) above, the portion of the Distribution Fee accrued in respect of all such Class 529-B shares of a Fund during a particular calendar month will be allocated to the Distributor or a Successor Distributor by multiplying the total of such Distribution Fee by the following fraction:
(A) (B)
ALLOCATION OF DISTRIBUTION FEE. Assuming that the Distribution Fee remains constant over time so that Part IV hereof does not become operative:
(1) The portion of the aggregate Distribution Fee accrued in respect of all Class C shares of a Fund during any calendar month allocable to the Distributor or a Successor Distributor is determined by multiplying the total of such Distribution Fee by the following fraction: where:
A= The aggregate Net Asset Value of all Class C shares of a Fund attributed to the Distributor or such Successor Distributor, as the case may be, and outstanding at the beginning of such calendar month
B= The aggregate Net Asset Value of all Class C shares of a Fund at the beginning of such calendar month
C= The aggregate Net Asset Value of all Class C shares of a Fund attributed to the Distributor or such Successor Distributor, as the case may be, and outstanding at the end of such calendar month
D= The aggregate Net Asset Value of all Class C shares of a Fund at the end of such calendar month
(2) If the Distributor reasonably determines that the transfer agent is able to produce automated monthly reports that allocate the average Net Asset Value of the Commission Shares (or all Class C shares if available) of a Fund among the Distributor and any Successor Distributor in a manner consistent with the methodology detailed in Part I and Part III(1) above, the portion of the Distribution Fee accrued in respect of all such Class C shares of a Fund during a particular calendar month will be allocated to the Distributor or a Successor Distributor by multiplying the total of such Distribution Fee by the following fraction:
(A) (B) where:
A= Average Net Asset Value of all such Class C shares of a Fund for such calendar month attributed to the Distributor or a Successor Distributor, as the case may be B= Total average Net Asset Value of all such Class C shares of a Fund for such calendar month
ALLOCATION OF DISTRIBUTION FEE. Assuming that the Distribution Fee remains constant over time so that Part IV hereof does not become operative:
ALLOCATION OF DISTRIBUTION FEE. Assuming that the Distribution Fee remains constant over time so that Part IV hereof does not become operative:
(1) The portion of the aggregate Distribution Fee accrued in respect of all Class 529-B shares of a Fund during any calendar month allocable to the Distributor or a Successor Distributor is determined by multiplying the total of such Distribution Fee by the following fraction: (B + D)/2 where:
A = The aggregate Net Asset Value of all Class 529-B shares of a Fund attributed to the Distributor or such Successor Distributor, as the case may be, and outstanding at the beginning of such calendar month
B = The aggregate Net Asset Value of all Class 529-B shares of a Fund at the beginning of such calendar month C = The aggregate Net Asset Value of all Class 529-B shares of a Fund attributed to the Distributor or such Successor Distributor, as the case may be, and outstanding at the end of such calendar month D = The aggregate Net Asset Value of all Class 529-B shares of a Fund at the end of such calendar month
(2) If the Distributor reasonably determines that the transfer agent is able to produce automated monthly reports that allocate the average Net Asset Value of the Commission Shares (or all Class 529-B shares if available) of a Fund among the Distributor and any Successor Distributor in a manner consistent with the methodology detailed in Part I and Part III(1) above, the portion of the Distribution Fee accrued in respect of all such Class 529-B shares of a Fund during a particular calendar month will be allocated to the Distributor or a Successor Distributor by multiplying the total of such Distribution Fee by the following fraction:
(A) (B)
A = Average Net Asset Value of all such Class 529-B shares of a Fund for such calendar month attributed to the Distributor or a Successor Distributor, as the case may be B = Total average Net Asset Value of all such Class 529-B shares of a Fund for such calendar month
ALLOCATION OF DISTRIBUTION FEE. Assuming that the Distribution Fee remains constant over time so that Part IV hereof does not become operative:
(1) The portion of the aggregate Distribution Fee accrued in respect of all Class C shares of a Fund during any calendar month allocable to the Distributor or a Successor Distributor is determined by multiplying the total of such Distribution Fee by the following fraction: where:
A= The aggregate Net Asset Value of all Class C shares of a Fund attributed to the Distributor or such Successor Distributor, as the case may be, and outstanding at the beginning of such calendar month B= The aggregate Net Asset Value of all Class C shares of a Fund at the beginning of such calendar month
ALLOCATION OF DISTRIBUTION FEE. The Distribution Fee accruing in respect of each class of Shares of each Fund during any calendar month and that is allocated to the Distributor shall be determined pursuant to the following formula: A X [ (B + C) / (D + E) ] where:
A = Distribution Fee accrued in respect of such class of Shares of such Fund during such calendar month. B = Shares of such class of such Fund attributed to the Distributor and outstanding as of the close of business on the last business day of the immediately preceding calendar month times the net asset value per share of such Shares as of such time.
ALLOCATION OF DISTRIBUTION FEE. Assuming that the Distribution Fee remains constant over time so that Part IV hereof does not become operative:
(1) The portion of the aggregate Distribution Fee accrued in respect of all Class C shares of a Fund during any calendar month allocable to the Distributor or a Successor Distributor is determined by multiplying the total of such Distribution Fee by the following fraction: where:
A= The aggregate Net Asset Value of all Class C shares of a Fund attributed to the Distributor or such Successor Distributor, as the case may be, and outstanding at the beginning of such calendar month B= The aggregate Net Asset Value of all Class C shares of a Fund at the beginning of such calendar month
C= The aggregate Net Asset Value of all Class C shares of a Fund attributed to the Distributor or such Successor Distributor, as the case may be, and outstanding at the end of such calendar month
ALLOCATION OF DISTRIBUTION FEE. The Distribution Fee accruing in respect of each class of Shares of each Portfolio during any calendar month and that is allocated to Sierra Services shall be determined pursuant to the following formula: A x [(B + C)/(D + E)] where:
A = Distribution Fee accrued in respect of such class of Shares of such Portfolio during such calendar month. B = Shares of such class of such Portfolio attributed to Sierra Services and outstanding as of the close of business on the last business day of the immediately preceding calendar month times the net asset value per share of such Shares as of such time. C = Shares of such class of such Portfolio attributed to Sierra Services and outstanding as of the close of business on the last business day of such calendar month times the net asset value per share of such Shares as of such time.
ALLOCATION OF DISTRIBUTION FEE. The Distribution Fee accruing in respect of each class of Shares of each Fund during any calendar month and that is allocated to the Distributor shall be determined pursuant to the following formula: A X [(B + C) / (D + E)] where:
A = Distribution Fee accrued in respect of such class of Shares of such Fund during such calendar month. B = Shares of such class of such Fund attributed to the Distributor and outstanding as of the close of business on the last business day of the immediately preceding calendar month times the net asset value per share of such Shares as of such time. C = Shares of such class of such Fund attributed to the Distributor and outstanding as of the close of business on the last business day of such calendar month times the net asset value per share of such Shares as of such time.