Service Payments. (a) The Company may also pay the Distributor a fee (a “Service Fee”), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Class C Shares shall be computed in the manner specified in the Company’s then current Prospectuses and statements of Additional Information describing such Class C Shares. (b) Payments to the Distributor under subsection (a) above shall be used by the Distributor to make periodic payments or commissions to one or more securities dealers, brokers, financial institutions, or other industry professional, such as investment advisors, accountants, and estate planning firms (each a “Service Organization”) in order to cover expenses and activities primarily intended to result in the sale of Class C Shares of the Funds.
Appears in 3 contracts
Sources: Distribution Agreement (PNC Funds Inc), Distribution Agreement (Mercantile Funds Inc), Distribution Agreement (PNC Funds Inc)
Service Payments. (a) The Company may also pay the Distributor a fee (a “Service Fee”), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C B Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Class C B Shares shall be computed in the manner specified in the Company’s then current Prospectuses and statements of Additional Information describing such Class C B Shares.
(b) Payments to the Distributor under subsection (a) above shall be used by the Distributor to make periodic payments or commissions to one or more securities dealers, brokers, financial institutions, or other industry professional, such as investment advisors, accountants, and estate planning firms (each a “Service Organization”) in order to cover expenses and activities primarily intended to result in the sale of Class C B Shares of the Funds.
Appears in 3 contracts
Sources: Distribution Agreement (PNC Funds Inc), Distribution Agreement (Mercantile Funds Inc), Distribution Agreement (PNC Funds Inc)
Service Payments. (a) The Company may also pay the Distributor a fee (a “Service Fee”), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C A Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Class C A Shares shall be computed in the manner specified in the Company’s then current Prospectuses and statements of Additional Information describing such Class C A Shares.
(b) Payments to the Distributor under subsection (a) above shall be used by the Distributor to make periodic payments or commissions to one or more securities dealers, brokers, financial institutions, or other industry professional, such as investment advisors, accountants, and estate planning firms (each a “Service Organization”) in order to cover expenses and activities primarily intended to result in the sale of Class C A Shares of the Funds.
Appears in 3 contracts
Sources: Distribution Agreement (PNC Funds Inc), Distribution Agreement (Mercantile Funds Inc), Distribution Agreement (PNC Funds Inc)
Service Payments. (a) The Company may also pay the Distributor a fee (a “Service Fee”), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Service Class C Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Service Class C Shares shall be computed in the manner specified in the Company’s then current Prospectuses and statements of Additional Information describing such Service Class C Shares.
(b) Payments to the Distributor under subsection (a) above shall be used by the Distributor to make periodic payments or commissions to one or more securities dealers, brokers, financial institutions, or other industry professional, such as investment advisors, accountants, and estate planning firms (each a “Service Organization”) in order to cover expenses and activities primarily intended to result in the sale of Service Class C Shares of the Funds.
Appears in 3 contracts
Sources: Distribution Agreement (PNC Funds Inc), Distribution Agreement (Mercantile Funds Inc), Distribution Agreement (PNC Funds Inc)
Service Payments. (a) The Company may also pay the Distributor a fee (a “"Service Fee”"), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C B Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s 's Class C B Shares shall be computed in the manner specified in the Company’s 's then current Prospectuses and statements of Additional Information describing such Class C B Shares.
(b) Payments to the Distributor under subsection (a) above shall be used by the Distributor to make periodic payments or commissions to one or more securities dealers, brokers, financial institutions, or other industry professional, such as investment advisors, accountants, and estate planning firms (each a “"Service Organization”") in order to cover expenses and activities primarily intended to result in the sale of Class C B Shares of the Funds.
Appears in 1 contract
Service Payments. (a) The Company may also pay the Distributor a fee (a “"Service Fee”"), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C A Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s 's Class C A Shares shall be computed in the manner specified in the Company’s 's then current Prospectuses and statements of Additional Information describing such Class C A Shares.
(b) Payments to the Distributor under subsection (a) above shall be used by the Distributor to make periodic payments or commissions to one or more securities dealers, brokers, financial institutions, or other industry professional, such as investment advisors, accountants, and estate planning firms (each a “"Service Organization”") in order to cover expenses and activities primarily intended to result in the sale of Class C A Shares of the Funds.
Appears in 1 contract
Service Payments. (a) The Company may also pay the Distributor a fee (a “"Service Fee”"), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s 's Class C Shares shall be computed in the manner specified in the Company’s 's then current Prospectuses and statements of Additional Information describing such Class C Shares.
(b) Payments to the Distributor under subsection (a) above shall be used by the Distributor to make periodic payments or commissions to one or more securities dealers, brokers, financial institutions, or other industry professional, such as investment advisors, accountants, and estate planning firms (each a “"Service Organization”") in order to cover expenses and activities primarily intended to result in the sale of Class C Shares of the Funds.
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