COMPENSATION OF SOLICITING DEALERS Sample Clauses

COMPENSATION OF SOLICITING DEALERS. Except as otherwise provided in the “Plan of Distribution” section of the Prospectus, the Dealer-Manager will re-allow to Soliciting Dealers as compensation for their services hereunder, a portion of the selling commission that Dealer-Manager receives from the Company in an amount up to seven per cent (7%) of the purchase price for each Class A Share and three per cent (3%) of the purchase price for each Class T Share sold to a subscriber through such Soliciting Dealer’s efforts with respect to the Offering. A Soliciting Dealer shall be entitled to the foregoing compensation only if (i) the insertion of such Soliciting Dealer’s name has been made in the Subscription Agreement relating to the subscriber’s Shares, (ii) an account executive from such Soliciting Dealer has executed the certification contained in Part 8 of the subscriber’s Subscription Agreement, (iii) such Soliciting Dealer has executed this Agreement in the form hereof and delivered it to the Dealer-Manager, and (iv) the subscriber is admitted as a stockholder for the number of Shares indicated in his Subscription Agreement. In addition, with respect to any T shares sold, the Dealer-Manager will reallow to Soliciting Dealers as compensation for ongoing services and expenses related to the marketing and shareholder support of the T shares, including, but not limited to, regular communication with stockholders, responding to questions about the investment and general advice concerning the investment and asset allocation, an annual distribution and shareholder servicing fee of 1% of the purchase price per Class T share. You are required to provide these services with respect to the T Shares until such time as the T shares convert to A shares as set out in the Prospectus. Notwithstanding the foregoing, if the Dealer Manager is notified that the Soliciting Dealer is no longer the broker-dealer of record with respect to Class T Shares sold by the Soliciting Dealer, then the Soliciting Dealer’s entitlement to a reallowance of the Distribution and Shareholder Servicing Fees related to such Class T Shares shall cease, and if the change in the broker dealer of record with respect to such Class T Shares is made in connection with a change in the registration of record for such Class T Shares on the Company’s books and records (including, but not limited to, a re-registration due to a sale or a transfer or a change in the form of ownership of the account), then the Soliciting Dealer shall be entitled to ...
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
COMPENSATION OF SOLICITING DEALERS. As compensation for the services of the Soliciting Dealers hereunder, the Dealer-Manager will re-allow, as a Selling Commission, a portion of the funds received by it from the Fund in an amount up to seven per cent (7%) of the purchase price for each BAC sold to a Subscriber through such Soliciting Dealer's efforts with respect to the Fund. However, for purchases of more than 10,000 BACs, the selling commission will be as follows: first 10,000 BACs, up to 7.0%; next 10,000 BACs, up to 6.5%; next 10,000 BACs, up to 5.5%; next 10,000 BACs, up to 4.5%; next 10,000 BACs, up to 3.5%; and next 10,000 BACs and over, up to 2.5%. In addition, the Dealer-Manager may re-allow to the Soliciting Dealers hereunder, a non-accountable expense allowance in an amount up to one percent (1%) of the purchase price for each BAC sold to a Subscriber though such Soliciting Dealer's efforts with respect to the Fund. A Soliciting Dealer shall be entitled to the foregoing compensation only if (i) the insertion of such Soliciting Dealer's name has been made in the Investor Information Form relating to the Subscriber's BACs, (ii) an account executive from such Soliciting Dealer has executed the certification contained in Part II of the Subscriber's Investor Information Form, (iii) such Soliciting Dealer has executed this Agreement in the form hereof and delivered it to the Dealer Manager, and (iv) the Subscriber is admitted as a BAC Holder for the number of BACs indicated in his Investor Information Form.
Sample 1Sample 2Sample 3See All (8)
COMPENSATION OF SOLICITING DEALERS. Except as provided in the "Selling and Escrow Arrangements" section of the Prospectus, as compensation for the services of the Soliciting Dealers hereunder, the Dealer-Manager will re-allow, as a selling commission, a portion of the funds received by it from the Company as a selling commission in an amount up to seven per cent (7%) of the purchase price for each Share sold to a subscriber through such Soliciting Dealer's efforts with respect to the Company. In addition, the Dealer-Manager may re-allow to the Soliciting Dealers hereunder a portion of the funds received by it from the Company as a dealer-manager fee in an amount up to one and one half percent (1.5%) of the purchase price for each Share sold to a subscriber though such Soliciting Dealer's efforts with respect to the Company. A Soliciting Dealer shall be entitled to the foregoing compensation only if (i) the insertion of such Soliciting Dealer's name has been made in the Subscription Agreement relating to the subscriber's Shares, (ii) an account executive from such Soliciting Dealer has executed the certification contained in Part 8 of the subscriber's Subscription Agreement, (iii) such Soliciting Dealer has executed this Agreement in the form hereof and delivered it to the Dealer-Manager, and (iv) the subscriber is admitted as a stockholder for the number of Shares indicated in his Subscription Agreement.
Sample 1Sample 2Sample 3See All (5)
COMPENSATION OF SOLICITING DEALERS. As compensation for the services of the Soliciting Dealers hereunder, each Trust will pay to each Soliciting Dealer designated in a Subscription Agreement a commission in the amount of eight percent (8%) for each Unit in such Trust sold to a subscriber through such Soliciting Dealer's efforts with respect to such Trust. A Soliciting Dealer shall be entitled to the foregoing compensation only if (i) the insertion of such Soliciting Dealer's name has been made in the Subscription Agreement relating to such subscriber's Units, (ii) an account executive from such Soliciting Dealer has executed the certificate contained on the final page of such Subscription Agreement, (iii) such Soliciting Dealer has executed this Agreement in the form hereof and delivered it to National Energy, and (iv) the subscriber accepted by the Sponsor as a Beneficiary of the Trust for the number of Units indicated in his Subscription Agreement. No Soliciting Dealer may re-allow any portion of its commission hereunder to any non-member of the NASD.
Sample 1

Related to COMPENSATION OF SOLICITING DEALERS

  • Soliciting Dealers Broker-dealers who are members of the National Association of Securities Dealers, Inc., or that are exempt from broker-dealer registration, and who, in either case, have executed participating broker or other agreements with the Managing Dealer to sell Shares.

  • DEALER-MANAGER COMPENSATION (i) Subject to the discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 3(d) and Section 3(c), the Company agrees to pay the Dealer Manager selling commissions (“Selling Commissions”) in the amount of seven percent (7.0%) of the selling price of each Primary Share for which a sale is completed. Alternatively, if a particular Soliciting Dealer elects to receive Selling Commissions equal to seven and one-half percent (7.5%) in accordance with the Soliciting Dealers Agreement, subject to Section 3(c), then, with respect to the applicable sale, the Company agrees to pay the Dealer Manager Selling Commissions in the amount of seven and one-half percent (7.5%) of the selling price of each Primary Share for which a sale is completed, two and one-half percent (2.5%) of which Selling Commissions shall be payable at the time of such sale and one percent (1%) of which shall be paid on each anniversary of the closing of such sale up to and including the fifth anniversary of the closing of such sale. No Selling Commissions will be paid for sales of DRP Shares, and Selling Commissions may be reduced or eliminated on certain sales of Shares, including the reduction or elimination of Selling Commissions in accordance with, and on the terms set forth in, the Prospectus. The Dealer Manager will reallow all the Selling Commissions, subject to federal and state securities laws, to the Soliciting Dealer who sold the Primary Shares, as described more fully in the Soliciting Dealers Agreement. In no event shall the Dealer Manager be entitled to payment of any compensation in connection with a sale pursuant to the Offering that is not completed according to this Agreement; provided, however, that the reimbursement of out-of-pocket accountable expenses actually incurred by the Dealer Manager or Person associated with the Dealer Manager shall not be presumed to be unfair or unreasonable and shall be payable under normal circumstances.

  • Compensation of the Investment Adviser Neither the Investment Adviser nor any affiliate of the Investment Adviser will act as principal or receive directly or indirectly any compensation in connection with the purchase or sale of investment securities by the Trust, other than the compensation provided for in this Section and such brokerage commissions as are permitted by the 1940 Act, it being contemplated that WPG will act as principal broker for the Trust in U.S. securities transactions.

  • Dealer Manager Fee The dealer manager fee payable to the Dealer Manager for serving as the dealer manager for the Offering and reallowable to Soliciting Dealers with respect to Shares sold by them, as described in the Corporation’s Prospectus.

  • Regulation D Compensation Each Bank may require the Company to pay, contemporaneously with each payment of interest on the Euro-Dollar Loans, additional interest on the related Euro-Dollar Loan of such Bank at a rate per annum determined by such Bank up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Bank wishing to require payment of such additional interest (x) shall so notify the Company and the Administrative Agent, in which case such additional interest on the Euro-Dollar Loans of such Bank shall be payable to such Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Dollar Business Days after the giving of such notice and (y) shall notify the Company at least five Euro-Dollar Business Days prior to each date on which interest is payable on the Euro-Dollar Loans of the amount then due it under this Section.

  • Compensation from Transactions The Trust authorizes any entity or person associated with the Administrator that is a member of a national securities exchange to effect any transaction on the exchange for the account of the Trust which is permitted by Section 11(a) of the Securities Exchange Act of 1934 and Rule 11a2-2(T) thereunder, and the Trust consents to the retention of compensation for such transactions in accordance with Rule 11a2-2(T)(a)(2)(iv) thereunder.

  • Obligations and Compensation of Dealer Manager The Dealer Manager hereby represents and warrants to, and covenants and agrees with the Corporation and the Adviser (provided that, to the extent representations and warranties of the Corporation and the Adviser are given only as of a specified date or dates, the Dealer Manager only makes such representations and warranties as of such date or dates), as follows:

  • Information from Holders It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 1 with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as shall be required to effect the registration of such Holder’s Registrable Securities.

  • Information from Holder It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 1 with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as shall be reasonably required to effect the registration of such Holder’s Registrable Securities.

  • Dealer Compensation (a) ‑On each purchase of shares by you from us, the total sales charges and your dealer concessions shall be as stated in each Fund’s then current Prospectus, subject to FINRA rules and applicable laws. Such sales charges and dealer concessions are subject to reductions under a variety of circumstances as described in the Funds’ Prospectuses. For an investor to obtain these reductions, we must be notified at the time of the sale that the sale qualifies for the reduced charge. If you fail to notify us of the applicability of a reduction in the sales charge at the time the trade is placed, neither we nor any of the Funds will be liable for amounts necessary to reimburse any investor for the reduction which should have been effected.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!