Class A Shares. Shares of the Company’s $0.01 par value common stock that have been designated as Class A.
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. 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 Less than $50,000 5.75 % 5.00 % $50,000 but under $100,000 4.75 4.25 $100,000 but under $250,000 3.75 3.25 $250,000 but under $500,000 2.75 2.25 $500,000 but under $1,000,000 2.00 1.75 $1,000,000 or more None None 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 Less than $50,000 4.75 % 4.25 % 2.25 % 2.00 % $50,000 but under $100,000 4.50 4.00 1.25 1.00 $100,000 but under $250,000 3.50 3.00 1.00 1.00 $250,000 but under $500,000 2.75 2.25 1.00 1.00 $500,000 but under $1,000,000 2.00 1.75 0.75 0.75 $1,000,000 or more None None None None * Excluding All Money Market Funds and Virtus Multi-Sector Short Term Bond Fund. Distribution Fee: 0.10% For distribution services with respect to the Virtus Insight Money Market Fund, Virtus Insight Government Money Market Fund and the Virtus Insight Tax-Exempt Money Market Fund, VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.10% annually, based on the average daily net asset value of such Funds sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. Dealers must have an aggregate value of $50,000 in each such fund to qualify for payment. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees. Service Fee: 0.25% For providing shareholder services such as responding to shareholder inquiries; processing redemptions; changing dividend options, account designations, and addresses; transmitting proxy statements, annual reports, prospectuses and other correspondence from the Funds to shareholders; and providing such other information and assistance to shareholders as may be reasonably requested by such shareholders, VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.25% annually. The Service Fee is based on the average daily net asset value of Class A shares sold by such dealers and remai...
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. (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.
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. GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with federal law and the laws of the State of New York. This Note has been accepted by Lxxxxx in the State of New York.
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. 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. 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. In consideration for Ameriprise’s execution of this Agreement, and for the performance of Ameriprise’s obligations hereunder, the Dealer Manager agrees to pay or cause to be paid to Ameriprise a selling commission (the “Selling Commission”) of seven percent ($0.7308 based on $10.4407 price per share) of the price of each Class A Share (except for Class A Shares sold pursuant to the DRIP) sold by Ameriprise; provided, however, that Ameriprise’s Selling Commission shall be reduced with respect to volume sales of Class A Shares to single purchasers (as defined in the Prospectus) and as otherwise set forth in the “Plan of Distribution” section of the Prospectus. In the case of such volume sales to single purchasers, on orders of $500,001 or more, Ameriprise’s Selling Commission shall be reduced by the amount of the Class A Share purchase price discount. In the case of such volume sales to single purchasers, Ameriprise’s Selling Commission and the investor’s purchase price will be reduced in the total volume ranges set forth in the table below. Such reduced share price will not affect the amount received by the Company for investment. The following table sets forth the reduced Class A Share purchase price and Selling Commission payable to Ameriprise: Dollar Volume of A Shares Purchased For Qualifying Purchaser Sales Commission Per Class A Share In Volume Discount Range Purchase Price Per Class A Share in Volume Discount Range Percentage (based on $10.00 per Class A Share) Amount Up to $500,000 $10.44 7.0% $0.73 $500,001 – $1,000,000 $10.33 6.0% $0.62 $1,000,001 – $1,500,000 $10.22 5.0% $0.51 Over $1,500,001 $10.11 4.0% $0.40 For example, an investor who invests $600,000 in Class A Shares will be entitled to a discounted sales commission of 6.0% on the Class A Shares purchased in excess of $500,000, reducing the effective purchase price per Class A Share purchased in excess of $500,000 from $10.44 per share to $10.33 per share. Thus, a $600,000 investment would purchase 57,570 Class A Shares. As another example, for a subscription amount of $1,500,000 in Class A Shares, the sales commission for the first $500,000 is 7.0%; the discounted sales commission for the next $500,000 (up to $1,000,000) is 6.0%; and the discounted sales commission for the remaining $500,000 of the subscription amount is 5.0%. Thus, a $1,500,000 investment would purchase 145,213 Class A Shares. In the event Orders are combined as permitted in the “Plan of Distribution” section of the Prosp...
