Class-Specific Fees Sample Clauses
The Class-Specific Fees clause defines and governs the fees that apply uniquely to a particular class of goods, services, or participants under an agreement. It outlines which fees are charged to which class, how these fees are calculated, and when they are due, ensuring that each class is only responsible for its designated charges. For example, in a multi-class investment fund, different classes of investors may pay different management or performance fees. This clause's core function is to allocate costs fairly and transparently among distinct groups, preventing confusion or disputes over fee obligations.
Class-Specific Fees. Any Distribution Fee expenses accrued or allocated directly or indirectly to a particular class of OP Units or Shares. Code. Internal Revenue Code of 1986, as amended from time to time, or any successor statute thereto. Reference to any provision of the Code shall mean such provision as in effect from time to time, as the same may be amended, and any successor provision thereto, as interpreted by any applicable regulations as in effect from time to time.
Class-Specific Fees. Any Distribution Fee expenses accrued or allocated directly or indirectly to a particular class of OP Units or Shares.