Class S Clause Samples

The "Class S" clause defines a specific category or class of shares or interests within a company or investment structure. Typically, this clause outlines the rights, privileges, and restrictions associated with Class S shares, such as voting rights, dividend entitlements, or conversion features. For example, Class S shares might have limited voting power but preferential access to certain distributions. The core function of this clause is to clearly distinguish the characteristics of Class S from other classes, ensuring clarity for shareholders and helping to allocate rights and obligations appropriately among different investor groups.
Class S. 1F Component 1, 2, 3, 4, 5, 6, 7 or 8............................... 11
View SourceView Similar (2)
Class S. Class S shares are available only to the separate accounts of the Adviser and life insurance company affiliates of the Adviser ("Separate Accounts"). Interests in the Separate Accounts are offered only to defined contribution plans and defined benefit plans under Code section 401(a) and certain other plans in accordance with the Federal securities laws and the rules and regulations thereunder. Class S shares are offered at net asset value without a front-end or contingent deferred sales charge. Class S shares were formerly known as Class 4 shares.
View Source
Class S. Class S shares are not subject to Rule 12b-1 fees because there are not expected to be any distribution or service expenses attributable to Class S due to the nature of the investors eligible to purchase Class S shares. Administrative Arrangements The Adviser has entered into a separate Administrative and Shareholder Services Agreement for each Fund pursuant to which the Adviser is compensated for administrative and shareholder services rendered and expenses incurred by it in the rendering of such services and for the cost of bearing some Class expenses, such as Federal and state registration fees, printing and postage. Each Agreement anticipates that the Adviser will provide extensive services to Class A, modest services to Class Y and limited services to Class S. The Trust, on behalf of each Fund, pays the Adviser a monthly fee for the services performed at an annual rate of the average daily net assets of the applicable class of shares of the Fund within the range specified below. The administrative services fee is an Identifiable Class Expense. Also, as described above in the section entitled Distribution Arrangement -- Fees, Class A shares will bear a service fee which is used to compensate the Adviser for rendering personal services to shareholders and for expenses incurred by it in the rendering of such services. Administrative Arrangements -- Fees Each Class of each Fund shall bear an administrative fee as set forth in each Fund's Administrative and Shareholder Services Agreement. Such fees will vary from Class to Class and may vary from Fund to Fund. Set forth below is the range of administrative fees paid by each Class of the existing seven funds (the MassMutual Prime Fund, MassMutual Short-Term Bond Fund, MassMutual Balanced Fund, MassMutual Value Equity Fund, MassMutual Small Cap Value Equity Fund and MassMutual International Equity Fund).
View Source
Class S. B-1, Class S-B-2, Class S-B-3, Class S-B-4, Class S-B-5 and Class S-B-6 Certificates. Aggregate Group II Certificates........... Aggregate Group II Senior Certificates and Aggregate Group II Subordinated Certificates. Aggregate Group II Senior Certificates.............................. Group 3 Certificates and Group 4 Certificates. Aggregate Group II Subordinated Certificates.............................. Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates. Book-Entry Certificates................... All Classes of Certificates other than the Definitive Certificates. Combined Certificates..................... None. Component Certificates.................... None.
View Source
Class S. M-1 Certificates, Class S-M-2 Certificates, Class S-B Certificates and Class S-X Certificates.
View Source
Class S. B-1, Class B-1, Class S-B-2, Class B-2, Class S-B-3, Class B-3, Class S-B-4, Class B-4, Class S-B-5, Class B-5, Class S-B-6 and Class B-6 Certificates. Targeted Principal Classes................ None.
View Source
Class S. Class S shares will bear an annual administrative service fee not to exceed a range of between .08% and .10%.
View Source

Related to Class S

  • Class Size GRADE LOADING RATIO MAXIMUM CLASS SIZE 7.01 Students shall not be assigned to any class which has reached the maximum class size except as provided within this article. 7.02 The site/program administrator is required to discuss class size at a member’s request if the member’s class exceeds the loading ratio. 7.03 Instrumental and choral music classes may exceed the maximums by 1.5 times. Physical education classes may exceed the maximum by 1.35. 7.04 The site/program administrator shall make a reasonable effort to schedule English composition classes in grades 9-12 with a maximum of 29 students. 7.05 The site/program administrator shall make a reasonable effort to schedule combination classes in which students are assigned to more than one grade level K-3 or 3-4 with a maximum of 29 students and 4-6 with a maximum of 30 students. 7.06 The District will make a reasonable effort, within the financial constraints of the District, to reduce class size maximums in those classes into which special education students are integrated, in remedial classes, and in high school composition classes. 7.07 Special Education Classes shall not exceed the maximum cited in the law. 7.07.1 SDC Class Size SDC 7-12 non-severe caseload maximum shall be 26 beginning July 2002; RSP caseload shall be 28; a. The District shall make a reasonable effort to equalize class sizes as determined by the class roster throughout the District within the grade levels and programs consistent with the needs of the students as set forth in his/her IEP and the unique features of each group. “Reasonable effort” may include, but is not limited to include, busing students on a voluntary basis to other sites, moving students to other classes at that site, or adding an instructional aide. b. Except for Hearing Impaired, Visually Handicapped Preschool, SED, and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Center classes, average class size within the SDC program in the District shall not exceed 12 students. The class size for any specific class shall not exceed 17 students. In Hearing Impaired, Visually Handicapped Preschool, SED, and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Center classes, the District class size average shall not exceed 10, and any individual class shall not exceed 14. c. The District and the Association agree to establish a Special Education/General Education Oversight Committee composed of seven members of which a majority are teachers. The committee shall recognize that consensus is the preferable decision making process. In cases where consensus is not achievable, all decisions and recommendations shall require five (5) votes. The oversight committee shall be established to oversee, guide, and facilitate the following initiatives: i. Two-year K-12 pilot program that shall include no more than six

  • Class PO Certificates Private Certificates..................................... Class P, Class B-4, Class B-5 and Class B-6 Certificates. Rating Agencies.......................................... Fitch and S&P. Regular Certificates..................................... All Classes of Certificates other than the Class A-R Certificates. Residual Certificate..................................... Class A-R Certificates.

  • Class All REMIC I Regular Interests or the Class R-1 Residual Interest having the same priority and rights to payments on the Mortgage Loans from the REMIC I Available Distribution Amount, all REMIC II Regular Interests or the Class R-2 Residual Interest having the same priority and rights to payments on the REMIC I Regular Interests from the REMIC II Available Distribution Amount, and all REMIC III Regular Interests or the Class R-3 Residual Interest having the same priority and rights to payments on the REMIC II Regular Interests from the REMIC III Available Distribution Amount, as applicable, which REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests and Class R Residual Interests, as applicable, shall be designated as a separate Class, and which, in the case of the Certificates (including the Class R Certificates representing ownership of the Class R Residual Interests), shall be set forth in the applicable forms of Certificates attached hereto as Exhibits A and B. Each Class of REMIC I Regular Interests and the Class R-1 Residual Interest shall be entitled to receive the amounts allocated to such Class pursuant to the definition of "REMIC I Distribution Amount" only to the extent of the REMIC I Available Distribution Amount for such Distribution Date remaining after distributions in accordance with prior clauses of the definition of "REMIC I Distribution Amount," each Class of REMIC II Regular Interests and the Class R-2 Residual Interest shall be entitled to receive the amounts allocated to such Class pursuant to the definition of "REMIC II Distribution Amount" only to the extent of the REMIC II Available Distribution Amount for such Distribution Date remaining after distributions in accordance with prior clauses of the definition of "REMIC II Distribution Amount" and each Class of REMIC III Regular Interests and the Class R-3 Residual Interest shall be entitled to receive the amounts allocated to such Class pursuant to the definition of "REMIC III Distribution Amount" only to the extent of the REMIC III Available Distribution Amount for such Distribution Date remaining after distributions in accordance with prior clauses of the definition of "REMIC III Distribution Amount."

  • Class R Certificates Subordinated Certificates.... Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates.

  • Multi-Class Distribution Arrangements You understand and acknowledge that the Funds may offer Shares in multiple classes, and you represent and warrant that you have established compliance procedures designed to ensure that your customers are made aware of the terms of each available class of Fund Shares, to ensure that each customer is offered only Shares that are suitable investments for him or her, to ensure that each customer is availed of the opportunity to obtain sales charge break points as detailed in the Prospectus, and to ensure proper supervision of your representatives in recommending and offering the Shares of multiple classes to your customers.