Distribution and Servicing Fee Clause Samples
Distribution and Servicing Fee. Upon the terms set forth in the Prospectus and with respect to Class T Shares, Class I Shares and Class C Shares purchased in the Offering, the Dealer Manager will receive an annual distribution and servicing fee (the “Distribution and Servicing Fee”) of (i) 1.0% of the then-current NAV of Class T Shares, comprised of a 0.75% distribution fee and a 0.25% service fee; provided, that the Distribution and Servicing Fee on Class T Shares will be payable for a maximum of three years from the time of purchase; (ii) 0.5% of the then-current NAV of Class I Shares, comprised of a 0.25% distribution fee and a 0.25% service fee; provided, that the Distribution and Servicing Fee on Class I Shares will be payable for a maximum of 16 years from the time of purchase; and (iii) 1.0% of the then-current NAV of Class C Shares, comprised of a 0.75% distribution fee and a 0.25% service fee; provided, that the Distribution and Servicing Fee on Class C Shares will be payable for a maximum of eight years from the time of purchase. The Dealer Manager may reallow a portion of the Distribution and Servicing Fee to Participating Dealers (as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer). For Class I and Class C Shares, to the extent that the aggregate amount of distribution and servicing fees paid is less than 8.0% of the NAV at the time of purchase, distribution and servicing fees will continue to be paid until such fees equal 8.0% of the NAV at the time of purchase. For Class T Shares, to the extent that the aggregate amount of distribution and servicing fees paid is less than 3.0% of the NAV as of the date of purchase, distribution and servicing fees will continue to be paid until such fees equal 8.0% of the NAV as of the date of purchase. In no event will any holder of Class I, Class C or Class T Shares pay more than 8.0%, 8.0% or 3.0%, respectively, of the NAV as of the date of purchase. In addition, the Dealer Manager may pay a portion of the Distribution and Servicing Fee payable to Participating Dealers with respect to Class C Shares upfront at the time of sale (as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer). The Distribution and Servicing Fee will not be payable with respect to DRIP Shares. All Distribution and Servicing Fees payable with respect to the sales of Offered Shares will cease for all shareholders on the earliest to occur of the following: (i) a Li...
Distribution and Servicing Fee. The Fund has or intends to have a Distribution and Service Plan in compliance with Rule 12b-1 under the 1940 Act approved by the Fund and in effect (the “Distribution and Servicing Plan”). The Fund shall be responsible for all compensation and reimbursements pursuant to this Agreement, or such portions thereof as are authorized under the Distribution Plan. The Fund will pay to the Distributor a Distribution and Servicing Fee for Class A Shares and Class D Shares at an annual rate as set forth in the Fund’s Registration Statement, based on the aggregate net assets of the Fund attributable to such class. The Fund will not pay to the Distributor any Distribution and Servicing Fee for Class I Shares. All such compensation and reimbursements shall be paid by the Distributor to the applicable Financial Intermediaries as set forth in the Registration Statement and only after, for so long as and to the extent that the Distributor has received such compensation and reimbursements from the Fund.
Distribution and Servicing Fee. Beginning the first calendar month after the close of the Offering, Shares will be subject to a distribution fee (the “Distribution and Servicing Fee”) at an annualized rate of 1.0% of the NAV per Share in order to compensate the Dealer Manager and Participating Dealer for services and expenses related to the marketing, sale and distribution of the Fund. The Fund will cease paying the Distribution and Servicing Fee at the earlier of: (i) the date at which the underwriting compensation from all sources, including the Distribution and Servicing Fees and underwriting compensation paid by the Fund and shareholders, equals 8.0% of the gross proceeds from the offering excluding proceeds from Share sales pursuant to the DRP; (ii) the date when the Distribution and Shareholder Servicing Plan terminates or is not continued, or (iii) the date at which a Liquidity Event occurs.
Distribution and Servicing Fee. The Fund will pay the Distributor an ongoing quarterly fee at the annualized rate set forth in the Registration Statement and such fee shall be paid by the Distributor to the applicable Financial Intermediaries as set forth in the Registration Statement and only after, for so long as and to the extent that the Distributor has received such fee from the Fund.
Distribution and Servicing Fee. Participating Dealer acknowledges that, beginning the first month after the close of the Offering, Shares will be subject to a distribution and servicing fee (the “Distribution and Servicing Fee”) at an annualized rate of 1.0% of the NAV per Share, to accrue daily and be paid monthly in arrears out of Trust assets, in order to compensate the Dealer Manager for services and expenses related to the marketing, sale and distribution of the Trust. The Trust will cease incurring a Distribution and Servicing Fee at the earlier of: (i) the date at which the underwriting compensation from all sources, including the Distribution and Servicing Fees and underwriting compensation paid by the Trust and shareholders, equals 8.0% of the gross proceeds from the offering; (ii) the date when the Distribution and Shareholder Servicing Plan between the Trust and the dealer manager terminates or is not continued; or (iii) the date at which a Liquidity Event occurs.
(i) Beginning the first full calendar quarter after the close of the Offering, the Dealer Manager, in its sole discretion, may re-allow a portion of the Distribution and Servicing Fee received by it from the Trust to the Participating Dealer. Upon the date, if any, the Dealer Manager is notified that the Participating Dealer that sold the Shares giving rise to the Distribution and Servicing Fee is no longer the broker-dealer of record with respect to such Shares, then the Participating Dealer’s entitlement to the Distribution and Servicing Fee related to such Shares shall cease, and the Participating Dealer shall not receive the re-allowance of the Distribution and Servicing Fee for any portion of the quarter in which such Participating Dealer is not the broker-dealer of record on the last day of the quarter. Thereafter, such Distribution and Servicing Fee may be re-allowed by the Dealer Manager to the then-current broker-dealer of record of the Shares, if any, if such broker-dealer has been designated and has entered into a Participating Dealer Agreement with the Dealer Manager that provides for such re-allowance in connection with the Trust. The Participating Dealer agrees to promptly notify the Dealer Manager upon becoming aware that it is no longer the broker-dealer of record to any or all of the Shares sold by the Participating Dealer.
(ii) In connection with the Participating Dealer’s receipt of the Distribution and Servicing Fee, the Participating Dealer agrees to provide the following support services to clie...
Distribution and Servicing Fee. The Fund will pay the Distributor an ongoing monthly distribution and servicing fee at an annualized rate of 0.10% of the net assets of the Fund and such fee shall be paid by the Distributor to the applicable financial intermediaries as set forth in the Registration Statement and only after, for so long as and to the extent that the Distributor has received such distribution and servicing fee from the Fund. The maximum distribution and servicing fee that will be paid to the underwriters and related persons shall be $60,000. The Distributor will periodically monitor the compensation paid by the Fund to the underwriters and all related persons so that the Fund does not exceed the allowable limitations set forth within FINRA Rule 5110.
Distribution and Servicing Fee. Beginning the first month after the close of the Offering, Shares will be subject to a distribution and servicing fee (the “Distribution and Servicing Fee”) at an annualized rate of 1.0% of the NAV per Share in order to compensate the Dealer Manager and Participating Dealer for services and expenses related to the marketing, sale and distribution of the Trust. The Trust will cease incurring a Distribution and Servicing Fee at the earlier of: (i) the date at which the underwriting compensation from all sources, including the Distribution and Servicing Fees and underwriting compensation paid by the Trust and shareholders, equals 8.0% of the gross proceeds from the offering; (ii) the date when the written shareholder distribution and servicing plan between the Trust and the dealer manager (the "Distribution and Shareholder Servicing Plan") terminates or is not continued; or (iii) the date at which a Liquidity Event occurs.
Distribution and Servicing Fee. The Fund will pay to the Dealer Manager a Distribution and Servicing Fee with respect to outstanding Class S Shares and Class U Shares that is paid monthly in an amount equal to 0.85% per annum of the aggregate NAV of the outstanding Class S Shares and in an amount equal to 0.75% per annum of the aggregate NAV of the outstanding Class U Shares. The Dealer Manager will reallow the Distribution and Servicing Fee with respect to the Class S Shares and Class U shares to a Participating Broker-Dealer subject to the terms and conditions included in the applicable Participating Broker-Dealer Agreement. The Fund will not pay the Dealer Manager a Distribution and Servicing Fee with respect to Class I Shares.
Distribution and Servicing Fee. The Fund has adopted a Distribution and Servicing Plan by which Authorized Service Providers may receive a fee for providing certain services to their customers who own Shares of the Fund. If applicable, you agree to enter into a separate Shareholder Services Agreement, in the form attached hereto as Exhibit A, for the provision of such shareholder services and payment of the related fee.
Distribution and Servicing Fee