Common use of Payments to Distributor Clause in Contracts

Payments to Distributor. In connection with the distribution of shares of a Portfolio, Distributor will be entitled to receive: (a) payments pursuant to any Distribution Plan from time to time in effect in respect of such Portfolio or any particular class of shares of such Portfolio, as determined by the Board of Trustees of the Trust, (b) any contingent deferred sales charges applicable to the redemption of shares of such Portfolio or of any particular class of shares of such Portfolio, determined in the manner set forth in the then current Prospectus and Statement of Additional Information of such Portfolio, and (c) subject to the provisions of Section 3 below, any front-end sales charges applicable to the sale of shares of such Portfolio or of any particular class of shares of such Portfolio, less any applicable dealer discount.

Appears in 2 contracts

Sources: Distribution Agreement (Cash Resource Trust /Ma/), Distribution Agreement (Mentor Institutional Trust)