Class A Shares Sample Clauses

Class A Shares. The Class A Shares will be held only by the Managing -------------- Member and will grant the Managing Member the management and governance rights contained in this Agreement. The Managing Member, as a holder of Class A Shares, will be entitled to its pro rata portion (based on its Percentage Interests) of distributions declared and paid by the Board of Directors.

Class A Shares. In accordance with the Fifteenth Amended and Restated Distribution Plan (the “Plan”), the Trust in respect of each Fund shall pay to the Distributor or, at the Distributor’s direction, to a third party, monthly in arrears on or prior to the third business day of the following calendar month, a fee (the “Class A Distribution Fee”) equal to the average daily net assets of Class A Shares multiplied by that portion of 0.25% that the number of days in the month bears to 365.

Class A Shares. The public offering price, i.e., the price per Class A share at which the Principal Underwriter or financial intermediary purchasing shares from the Principal Underwriter may sell shares to the public, shall be the public offering price as set forth in the current Prospectus relating to said Class A shares, but not to exceed the net asset value at which the Principal Underwriter is to purchase the Class A shares, plus a sales charge not to exceed 7.25% of the public offering price (the net asset value divided by .9275). If the resulting public offering price does not come out to an even cent, the public offering price shall be adjusted to the nearer cent. The Principal Underwriter may also sell Class A shares at the net asset value at which the Principal Underwriter is to purchase such Class A shares, provided such sales are not inconsistent with the provisions of Section 22(d) of the Investment Company Act of 1940, as amended from time to time (the “1940 Act”), and the rules thereunder, including any applicable exemptive orders or administrative interpretations or “no-action” positions with respect thereto.

Class A Shares. Borrower shall have authorized the issuance of a number of its Class A shares sufficient to repay the aggregate outstanding principal amount of this Promissory Note and when issued such shares shall be duly authorized and validly issued and Lender (or its assignees) shall be admitted as a member of the Borrower entitled to the rights of a Class A shareholder as set forth in the Masterworks Vault [ ], LLC operating agreement.

Class A Shares. The Trust will pay GEID, with respect to each Covered Fund, for shareholder services and distribution related services provided with respect to the Class A Shares of the Covered Fund, an annual fee of 0.25% of the value of the average daily net assets of the Covered Fund attributable to the Class A Shares (a “Service and Distribution Fee”).

Class A Shares. Dealer Concession for Equity, Asset Allocation, International/Global, Alternative Funds Class A Shares: Amount of Transaction Plus Applicable Rights of Accumulation: Sales Charge As Percentage of Offering Price Dealer Discount or Agency Fee As Percentage of Offering Price Dealer Concession for Class A Shares Fixed Income Funds* Class A Shares Virtus Multi-Sector Short Term Bond Amount of Transaction Plus Applicable Rights of Accumulation: Sales Charge As Percentage of Offering Price Dealer Discount or Agency Fee As Percentage of Offering Price Sales Charge As Percentage of Offering Price Dealer Discount or Agency Fee As Percentage of Offering Price

Class A Shares. (i) The public offering price of Class A shares shall be equal to the net asset value, as described above, plus a commission to be fixed from time to time by the Underwriter not to exceed 6% of the public offering price, except that such price per share may be adjusted to the nearest cent. The Underwriter may fix quantity discounts and other similar terms not inconsistent with the provisions of the Investment Company Act of 1940, as amended (the "1940 Act"). The Underwriter shall not impose any commission, permit any quantity discounts or impose any other similar terms in connection with the sale of Class A shares of each Fund except as disclosed in the Prospectus of the Trust. (ii) The Underwriter shall be entitled to deduct a commission on all Class A shares sold equal to the difference between the public offering price and the net asset value on which such price is based. If any such commission is received by a Fund, it will pay the commission to the Underwriter. Out of such commission, the Underwriter may allow to dealers such concessions as the Underwriter may determine from time to time. Notwithstanding anything in the Agreement, sales may be made at net asset value as provided in the Trust's Prospectus.

Class A Shares. The Class A Shares included in the Units have been duly authorized and, when issued and delivered against payment for the Offered Securities by the Underwriter pursuant to this Agreement and registered in the Company’s register of members, will be validly issued, fully paid and non-assessable. The holders of such Class A Shares are not and will not be subject to personal liability by reason of being such holders; such Class A Shares are not and will not be subject to any preemptive or other similar contractual rights granted by the Company.

Class A Shares. 2.1.1 Subject to the terms and conditions of this Agreement, the Company shall allot and issue, and the Investors shall subscribe for the number of Class A Shares in the Company set out against the name of the relevant Investor in Schedule 1 (the “Subscription Shares”) (being in aggregate Class A Shares in the Company), free from all Encumbrances and ranking pari passu with all other existing Shares in respect of all voting rights, dividends, entitlements and privileges attached to the existing Shares as of and including the Closing Date.