The Broker. Dealer Fee Rate shall be the prevailing rate received by broker-dealers for rendering comparable services to others. The Auction Agent shall advise the Company at least annually, at the Company's request, of its view of such prevailing rate. If the then-current Broker-Dealer Fee Rate is not, in the opinion of the Company and the Auction Agent, the prevailing rate, the Company shall change the Broker-Dealer Rate so that it equals such prevailing rate. The initial Broker-Dealer Fee Rate shall be 0.25% per annum. If the Company determines to increase the rate at which the Broker-Dealer Fee accrues, the Auction Agent shall mail a notice thereof to the Existing Holders within two Business Days of such change. Any change in the Broker-Dealer Fee Rate shall be effective on the Auction Date next succeeding such change.
Appears in 6 contracts
Samples: Dealer Agreement (Boulder Total Return Fund Inc), Broker Dealer Agreement (Boulder Total Return Fund Inc), Dealer Agreement (Boulder Total Return Fund Inc)
