{"component": "clause", "props": {"groups": [{"snippet": "The distribution fee payable to the Dealer Manager as additional compensation 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\u2019s Prospectus.", "size": 54, "snippet_links": [{"key": "the-distribution", "type": "clause", "offset": [0, 16]}, {"key": "payable-to", "type": "definition", "offset": [21, 31]}, {"key": "the-dealer-manager", "type": "definition", "offset": [32, 50]}, {"key": "compensation-for", "type": "clause", "offset": [65, 81]}, {"key": "the-offering", "type": "definition", "offset": [116, 128]}, {"key": "soliciting-dealers", "type": "definition", "offset": [148, 166]}, {"key": "with-respect-to", "type": "clause", "offset": [167, 182]}, {"key": "the-corporation", "type": "clause", "offset": [220, 235]}], "samples": [{"hash": "7ct1L0GnsZr", "uri": "/contracts/7ct1L0GnsZr#distribution-fee", "label": "Advisory Agreement (Industrial Property Trust Inc.)", "score": 30.6016426086, "published": true}, {"hash": "jJ5bQFpHfy9", "uri": "/contracts/jJ5bQFpHfy9#distribution-fee", "label": "Advisory Agreement (Industrial Property Trust Inc.)", "score": 29.6132793427, "published": true}, {"hash": "4aAGQHlRoqN", "uri": "/contracts/4aAGQHlRoqN#distribution-fee", "label": "Advisory Agreement (Industrial Property Trust Inc.)", "score": 28.8548946381, "published": true}], "hash": "a9dcf1ab0f15f2d065529064062b4114", "id": 1}, {"snippet": "In addition to the Service Fee, the Trust, on behalf of the Series, will pay to the Distributor a fee (the \"Distribution Fee\") at an annual rate of 0.75% (unless reduced as contemplated by and permitted pursuant to the next sentence hereof) of the Series' average daily net assets attributable to the Class B shares in consideration of the services rendered in connection with the sale of such shares by the Distributor. The Trust will not terminate the Distribution Fee in respect of Series assets attributable to Class B shares, or pay such fee at an annual rate of less than 0.75% of the Series' average daily net assets attributable to the Class B shares, unless it has ceased, and not resumed, paying the Service Fee (or any other fee that constitutes a \"service fee\" as defined in the NASD Rule) to CDC IXIS Distributors (or to any affiliate of CDC IXIS Distributors, or to any other person in circumstances where substantially all of the services and functions relating to the distribution of Class B shares of the Series have been delegated to, or are being performed by, CDC IXIS Distributors or an affiliate of CDC IXIS Distributors). Subject to such restriction and subject to the provisions of Section 7 hereof, the Distribution Fee shall be as approved from time to time by (a) the Trustees of the Trust and (b) the Independent Trustees of the Trust. The Distribution Fee shall be accrued daily and paid monthly or at such other intervals as the Trustees shall determine. The obligation of the Series to pay the Distribution Fee shall terminate upon the termination of this Plan or the relevant distribution agreement between the Distributor and the Trust relating to the Series, in accordance with the terms hereof or thereof, but until any such termination shall not be subject to any dispute, offset, counterclaim or defense whatsoever (it being understood that nothing in this sentence shall be deemed a waiver by the Trust or the Series of its right separately to pursue any claims it may have against the Distributor and enforce such claims against any assets of the Distributor (other than its right to be paid the Distribution Fee and to be paid contingent deferred sales charges)). The right of CDC IXIS Distributors to receive the Distribution Fee (but not the relevant distribution agreement or CDC IXIS Distributor's obligations thereunder) may be transferred by CDC IXIS Distributors in order to raise funds which may be useful or necessary to perform its duties as principal underwriter, and any such transfer shall be effective upon written notice from CDC IXIS Distributors to the Trust. In connection with the foregoing, the Series is authorized to pay all or part of the Distribution Fee directly to such transferee as directed by CDC IXIS Distributors. The Distributor may pay all or any portion of the Distribution Fee to securities dealers or other organizations (including, but not limited to, any affiliate of the Distributor) as commissions, asset-based sales charges or other compensation with respect to the sale of Class B shares of the Series, and may retain all or any portion of the Distribution Fee as compensation for the Distributor's services as principal underwriter of the Class B shares of the Series. All payments under this Section 2 are intended to qualify as \"asset-based sales charges\" as defined in the NASD Rule.", "size": 47, "snippet_links": [{"key": "the-service-fee", "type": "clause", "offset": [15, 30]}, {"key": "on-behalf-of", "type": "clause", "offset": [43, 55]}, {"key": "the-series", "type": "clause", "offset": [56, 66]}, {"key": "pay-to", "type": "definition", "offset": [73, 79]}, {"key": "rate-of", "type": "clause", "offset": [140, 147]}, {"key": "pursuant-to-the", "type": "definition", "offset": [203, 218]}, {"key": "net-assets", "type": "definition", "offset": [270, 280]}, {"key": "the-class-b-shares", "type": "clause", "offset": [297, 315]}, {"key": "services-rendered", "type": "clause", "offset": [340, 357]}, {"key": "in-connection-with", "type": "clause", "offset": [358, 376]}, {"key": "sale-of", "type": "clause", "offset": [381, 388]}, {"key": "by-the-distributor", "type": "clause", "offset": [401, 419]}, {"key": "the-distribution", "type": "clause", "offset": [450, 466]}, {"key": "in-respect-of", "type": "clause", "offset": [471, 484]}, {"key": "series-assets", "type": "clause", "offset": [485, 498]}, {"key": "other-fee", "type": "clause", "offset": [730, 739]}, {"key": "affiliate-of", "type": "definition", "offset": [838, 850]}, {"key": "any-other-person", "type": "definition", "offset": [880, 896]}, {"key": "substantially-all", "type": "definition", "offset": [920, 937]}, {"key": "services-and", "type": "clause", "offset": [945, 957]}, {"key": "relating-to", "type": "definition", "offset": [968, 979]}, {"key": "distribution-of", "type": "clause", "offset": [984, 999]}, {"key": "shares-of", "type": "clause", "offset": [1008, 1017]}, {"key": "performed-by", "type": "clause", "offset": [1066, 1078]}, {"key": "an-affiliate", "type": "clause", "offset": [1105, 1117]}, {"key": "section-7", "type": "clause", "offset": [1206, 1215]}, {"key": "as-approved", "type": "definition", "offset": [1254, 1265]}, {"key": "from-time-to-time", "type": "clause", "offset": [1266, 1283]}, {"key": "trustees-of-the-trust", "type": "clause", "offset": [1295, 1316]}, {"key": "independent-trustees", "type": "definition", "offset": [1329, 1349]}, {"key": "obligation-of-the", "type": "clause", "offset": [1489, 1506]}, {"key": "to-pay", "type": "clause", "offset": [1514, 1520]}, {"key": "this-plan", "type": "definition", "offset": [1582, 1591]}, {"key": "agreement-between", "type": "clause", "offset": [1621, 1638]}, {"key": "in-accordance-with", "type": "definition", "offset": [1693, 1711]}, {"key": "the-terms", "type": "definition", "offset": [1712, 1721]}, {"key": "termination-shall", "type": "clause", "offset": [1760, 1777]}, {"key": "by-the-trust", "type": "clause", "offset": [1928, 1940]}, {"key": "right-to", "type": "definition", "offset": [2114, 2122]}, {"key": "contingent-deferred-sales-charges", "type": "clause", "offset": [2167, 2200]}, {"key": "right-of", "type": "definition", "offset": [2208, 2216]}, {"key": "to-receive", "type": "definition", "offset": [2239, 2249]}, {"key": "agreement-or", "type": "definition", "offset": [2306, 2318]}, {"key": "in-order-to", "type": "clause", "offset": [2410, 2421]}, {"key": "raise-funds", "type": "clause", "offset": [2422, 2433]}, {"key": "upon-written-notice", "type": "clause", "offset": [2556, 2575]}, {"key": "to-the-trust", "type": "definition", "offset": [2603, 2615]}, {"key": "the-foregoing", "type": "definition", "offset": [2636, 2649]}, {"key": "as-directed", "type": "clause", "offset": [2747, 2758]}, {"key": "securities-dealers", "type": "clause", "offset": [2855, 2873]}, {"key": "other-organizations", "type": "definition", "offset": [2877, 2896]}, {"key": "not-limited", "type": "clause", "offset": [2913, 2924]}, {"key": "other-compensation", "type": "clause", "offset": [3008, 3026]}, {"key": "with-respect-to", "type": "clause", "offset": [3027, 3042]}, {"key": "compensation-for-the", "type": "clause", "offset": [3146, 3166]}, {"key": "services-as-principal-underwriter", "type": "clause", "offset": [3181, 3214]}, {"key": "all-payments", "type": "clause", "offset": [3252, 3264]}, {"key": "this-section-2", "type": "clause", "offset": [3271, 3285]}, {"key": "to-qualify", "type": "clause", "offset": [3299, 3309]}], "samples": [{"hash": "kkLc84nB03M", "uri": "/contracts/kkLc84nB03M#distribution-fee", "label": "Distribution Agreement (CDC Nvest Companies Trust I)", "score": 18.0, "published": true}, {"hash": "jBEegXQcYlj", "uri": "/contracts/jBEegXQcYlj#distribution-fee", "label": "Distribution Agreement (CDC Nvest Funds Trust Ii)", "score": 18.0, "published": true}, {"hash": "gWcunGUdx4I", "uri": "/contracts/gWcunGUdx4I#distribution-fee", "label": "Distribution Agreement (CDC Nvest Funds Trust I)", "score": 18.0, "published": true}], "hash": "214886fa218d387696670a44b03b294c", "id": 2}, {"snippet": "0.75% VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.75% annually, based on the average daily net asset value of Class C1 Shares sold by such dealers and remaining on the Funds\u2019 books during the period in which the fee is calculated. The Class C1 Distribution Fee is paid beginning in the 13th month following each purchase. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees. Purchase Maximums- The maximum allowable for a single purchase is under $250,000. There is no dealer compensation payable on Class I Shares, and they do not pay any 12b-1 distribution or service fees.", "size": 15, "snippet_links": [{"key": "to-pay", "type": "clause", "offset": [18, 24]}, {"key": "quarterly-fee", "type": "definition", "offset": [27, 40]}, {"key": "the-equivalent-of", "type": "definition", "offset": [66, 83]}, {"key": "based-on", "type": "clause", "offset": [100, 108]}, {"key": "net-asset-value", "type": "definition", "offset": [127, 142]}, {"key": "class-c1-shares", "type": "clause", "offset": [146, 161]}, {"key": "the-funds", "type": "clause", "offset": [200, 209]}, {"key": "during-the-period", "type": "clause", "offset": [217, 234]}, {"key": "the-fee", "type": "definition", "offset": [244, 251]}, {"key": "the-class", "type": "definition", "offset": [267, 276]}, {"key": "each-purchase", "type": "clause", "offset": [343, 356]}, {"key": "page-of", "type": "clause", "offset": [371, 378]}, {"key": "annex-a", "type": "definition", "offset": [384, 391]}, {"key": "terms-and-conditions-for-service-and-distribution-fees", "type": "clause", "offset": [396, 450]}, {"key": "single-purchase", "type": "definition", "offset": [499, 514]}, {"key": "compensation-payable", "type": "clause", "offset": [553, 573]}, {"key": "class-i-shares", "type": "clause", "offset": [577, 591]}, {"key": "service-fees", "type": "clause", "offset": [639, 651]}], "samples": [{"hash": "8fTicCzSK8T", "uri": "/contracts/8fTicCzSK8T#distribution-fee", "label": "Sales Agreement (Virtus Alternative Solutions Trust)", "score": 35.1505813599, "published": true}, {"hash": "pAKEeFH1iV", "uri": "/contracts/pAKEeFH1iV#distribution-fee", "label": "Sales Agreement (Virtus Strategy Trust)", "score": 34.6495552063, "published": true}, {"hash": "fo48NxFGmTU", "uri": "/contracts/fo48NxFGmTU#distribution-fee", "label": "Virtus Mutual Funds Sales Agreement (Virtus Opportunities Trust)", "score": 34.0609169006, "published": true}], "hash": "0ef0b102c5a7a607b12ec87f2cb8365e", "id": 6}, {"snippet": "The Fund will pay the Distributor an ongoing quarterly fee at the annualized rate set forth in the Registration Statement and such fee shall be paid by the Distributor to the applicable Financial Intermediaries as set forth in the Registration Statement and only after, for so long as and to the extent that the Distributor has received such fee from the Fund.", "size": 36, "snippet_links": [{"key": "the-fund-will", "type": "clause", "offset": [0, 13]}, {"key": "quarterly-fee", "type": "definition", "offset": [45, 58]}, {"key": "the-registration-statement", "type": "clause", "offset": [95, 121]}, {"key": "by-the-distributor", "type": "clause", "offset": [149, 167]}, {"key": "the-applicable", "type": "clause", "offset": [171, 185]}, {"key": "financial-intermediaries", "type": "definition", "offset": [186, 210]}, {"key": "to-the-extent", "type": "clause", "offset": [289, 302]}], "samples": [{"hash": "cW0dK7QSPab", "uri": "/contracts/cW0dK7QSPab#distribution-fee", "label": "Distribution Agreement (WVB All Markets Fund)", "score": 35.2026023865, "published": true}, {"hash": "eTKR5SZijly", "uri": "/contracts/eTKR5SZijly#distribution-fee", "label": "Distribution Agreement (Megacorn Fund)", "score": 35.1724853516, "published": true}, {"hash": "5VOmajazsvf", "uri": "/contracts/5VOmajazsvf#distribution-fee", "label": "Distribution Agreement (TCG Strategic Income Fund)", "score": 34.9260787964, "published": true}], "hash": "4b6582d89f69b9c7b6db50201614df48", "id": 3}, {"snippet": "With respect to each Class T Share, the Company will pay to the Dealer Manager a distribution fee (the \u201cDistribution Fee\u201d), which accrues daily and is calculated on outstanding Class T Shares issued in the primary offering in an amount equal to one percent (1.0%) per annum of (i) the current offering price per Class T Share or (ii) if the Company is no longer offering Primary Shares in a public offering, the most recent gross offering price or the estimated per share value of Class T Shares, if any has been disclosed. The Company will pay the Distribution Fee to the Dealer Manager monthly in arrears. The Dealer Manager may reallow the Distribution Fees to the Participating Dealers who sold the Shares giving rise to such fees to the extent the Participating Dealer Agreement with such Participating Dealer provides for such a reallowance. Notwithstanding the foregoing, if the Dealer Manager is notified that the Participating Dealer who sold the Class T Shares giving rise to the Distribution Fees is no longer the Participating Dealer of record with respect to such Class T Shares, then such Participating Dealer\u2019s entitlement to the Distribution Fees related to such Class T Shares shall cease, and the Participating Dealer shall not receive the Distribution Fees for any portion of the month in which the Participating Dealer is not the Participating Dealer of record on the last day of the month; provided, however, 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\u2019s 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 Participating Dealer shall be entitled to a pro rata portion of the Distribution Fees related to such Class T Shares for the portion of the month for which the Participating Dealer was the broker dealer of record. Thereafter, such Distribution Fees may be reallowed by the Dealer Manager to the then-current Participating Dealer of record of the Class T Shares if any such Participating Dealer of record has been designated (the \u201cServicing Broker Dealer\u201d); provided, that, such reallowance shall only be paid to the extent such Servicing Broker Dealer has entered into a Participating Dealer Agreement or similar agreement with the Dealer Manager (the \u201cServicing Agreement\u201d) and such Selected Dealer Agreement or Servicing Agreement with the Servicing Broker Dealer provides for such reallowance. In this regard, all determinations will be made by the Dealer Manager in good faith in its sole discretion. The Dealer Manager may pay to such Participating Dealers and Servicing Broker Dealers up to 100% of the aggregate Distribution Fees payable by the Company to the Dealer Manager. The Company will not pay the Dealer Manager a Distribution Fee with respect to Class A Shares. The Dealer Manager will cease receiving Distribution Fees with respect to each Class T Share upon the earliest to occur of the following: (i) a listing of the Company\u2019s shares of Common Stock on a national securities exchange; (ii) such Class T Share is no longer being outstanding; (iii) the Dealer Manager\u2019s determination that total underwriting compensation from all sources, including Dealer Manager Fees, selling commissions, Distribution Fees and any other amounts paid to participating Dealers that would be deemed underwriting compensation pursuant to FINRA Rule 2310, with respect to all Class A Shares and Class T Shares would be in excess of 10% of the gross proceeds of the primary portion of the Offering; or (iv) the end of the month in which total underwriting compensation, including Dealer Manager Fees, selling commissions and Distribution Fees with respect to the Class T Shares held by a stockholder within his or her particular account would be in excess of 10% of the stockholder\u2019s total gross investment amount at the time of purchase of the primary Class T Shares held in such account.", "size": 17, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "the-company-will", "type": "clause", "offset": [36, 52]}, {"key": "pay-to", "type": "definition", "offset": [53, 59]}, {"key": "the-dealer-manager", "type": "definition", "offset": [60, 78]}, {"key": "a-distribution", "type": "clause", "offset": [79, 93]}, {"key": "issued-in", "type": "definition", "offset": [192, 201]}, {"key": "primary-offering", "type": "clause", "offset": [206, 222]}, {"key": "equal-to", "type": "definition", "offset": [236, 244]}, {"key": "per-annum", "type": "clause", "offset": [264, 273]}, {"key": "current-offering", "type": "definition", "offset": [285, 301]}, {"key": "per-class", "type": "definition", "offset": [308, 317]}, {"key": "primary-shares", "type": "clause", "offset": [371, 385]}, {"key": "public-offering", "type": "clause", "offset": [391, 406]}, {"key": "most-recent", "type": "definition", "offset": [412, 423]}, {"key": "gross-offering-price", "type": "definition", "offset": [424, 444]}, {"key": "estimated-per-share-value", "type": "definition", "offset": [452, 477]}, {"key": "the-distribution", "type": "clause", "offset": [545, 561]}, {"key": "monthly-in-arrears", "type": "definition", "offset": [588, 606]}, {"key": "manager-may", "type": "definition", "offset": [619, 630]}, {"key": "distribution-fees", "type": "definition", "offset": [643, 660]}, {"key": "participating-dealers", "type": "definition", "offset": [668, 689]}, {"key": "the-shares", "type": "clause", "offset": [699, 709]}, {"key": "to-the-extent", "type": "clause", "offset": [735, 748]}, {"key": "participating-dealer-agreement", "type": "definition", "offset": [753, 783]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [848, 877]}, {"key": "entitlement-to", "type": "clause", "offset": [1126, 1140]}, {"key": "related-to", "type": "clause", "offset": [1163, 1173]}, {"key": "day-of", "type": "clause", "offset": [1393, 1399]}, {"key": "broker-dealer-of-record", "type": "definition", "offset": [1451, 1474]}, {"key": "in-connection-with", "type": "clause", "offset": [1519, 1537]}, {"key": "a-change-in", "type": "definition", "offset": [1538, 1549]}, {"key": "the-registration", "type": "clause", "offset": [1550, 1566]}, {"key": "books-and-records", "type": "definition", "offset": [1618, 1635]}, {"key": "not-limited", "type": "clause", "offset": [1652, 1663]}, {"key": "the-account", "type": "clause", "offset": [1754, 1765]}, {"key": "pro-rata-portion", "type": "definition", "offset": [1821, 1837]}, {"key": "record-of", "type": "clause", "offset": [2109, 2118]}, {"key": "entered-into", "type": "clause", "offset": [2333, 2345]}, {"key": "agreement-or", "type": "definition", "offset": [2369, 2381]}, {"key": "servicing-agreement", "type": "definition", "offset": [2430, 2449]}, {"key": "selected-dealer-agreement", "type": "definition", "offset": [2461, 2486]}, {"key": "in-good-faith", "type": "clause", "offset": [2644, 2657]}, {"key": "sole-discretion", "type": "definition", "offset": [2665, 2680]}, {"key": "fees-payable-by-the-company", "type": "clause", "offset": [2809, 2836]}, {"key": "class-a-shares", "type": "clause", "offset": [2939, 2953]}, {"key": "of-the-company", "type": "clause", "offset": [3107, 3121]}, {"key": "stock-on", "type": "definition", "offset": [3141, 3149]}, {"key": "national-securities-exchange", "type": "definition", "offset": [3152, 3180]}, {"key": "underwriting-compensation", "type": "clause", "offset": [3290, 3315]}, {"key": "dealer-manager-fees", "type": "clause", "offset": [3344, 3363]}, {"key": "selling-commissions", "type": "definition", "offset": [3365, 3384]}, {"key": "other-amounts", "type": "clause", "offset": [3412, 3425]}, {"key": "pursuant-to", "type": "clause", "offset": [3503, 3514]}, {"key": "gross-proceeds", "type": "clause", "offset": [3619, 3633]}, {"key": "the-offering", "type": "definition", "offset": [3660, 3672]}, {"key": "to-the-class", "type": "clause", "offset": [3831, 3843]}, {"key": "the-stockholder", "type": "clause", "offset": [3941, 3956]}, {"key": "gross-investment-amount", "type": "definition", "offset": [3965, 3988]}, {"key": "purchase-of-the", "type": "clause", "offset": [4004, 4019]}, {"key": "primary-class", "type": "definition", "offset": [4020, 4033]}], "samples": [{"hash": "ge4FGPVpJPf", "uri": "/contracts/ge4FGPVpJPf#distribution-fee", "label": "Dealer Manager Agreement (NorthStar Real Estate Income II, Inc.)", "score": 27.0260105133, "published": true}, {"hash": "cbE8saEJCVj", "uri": "/contracts/cbE8saEJCVj#distribution-fee", "label": "Dealer Manager Agreement (NorthStar/RXR New York Metro Real Estate, Inc.)", "score": 24.8425731659, "published": true}, {"hash": "bigs3GP3Mn7", "uri": "/contracts/bigs3GP3Mn7#distribution-fee", "label": "Dealer Manager Agreement (NorthStar Real Estate Income II, Inc.)", "score": 24.7686519623, "published": true}], "hash": "53d4f292cba7d820ee49d715b43ed8a3", "id": 5}, {"snippet": "Subject to volume discounts and other special circumstances described in or otherwise provided for in the \u201cPlan of Distribution\u201d section of the Prospectus or this Section 6.1, the Company will pay to the Dealer Manager with respect to the Class C Units only a distribution fee (the \u201cDistribution Fee\u201d), which shall accrue daily in the amount equal to 1/365th of 0.80% of the amount of the net asset value per unit for the Class C Units for such day, including Class C DRIP Units, on a continuous basis from year to year. The Distribution Fee shall be payable quarterly in arrears. The Dealer Manager may re-allow all or any portion of the Distribution Fee to the Participating Dealers who sold the Class C Units giving rise to such fees, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer. The Dealer Manager will cease receiving Distribution Fees with respect to Class C Units sold in the Offering upon the earlier to occur of the following: (i) a listing of the Class C Units on a national securities exchange; (ii) following the completion of the Offering, total underwriting compensation in the Offering equaling 10% of the gross proceeds from the primary Offering, or (iii) there are no longer any Class C Units outstanding, for example (without limitation), because of their redemption or other repurchase by the Company, upon the dissolution of the Company, or upon a merger or other extraordinary transaction in which the Company is a party and in which the Units, including the Class C Units, are exchanged for cash or other securities. The Company will not pay the Dealer Manager a Distribution Fee with respect to Class A Units or Class I Units.", "size": 5, "snippet_links": [{"key": "subject-to", "type": "clause", "offset": [0, 10]}, {"key": "volume-discounts", "type": "definition", "offset": [11, 27]}, {"key": "other-special-circumstances", "type": "clause", "offset": [32, 59]}, {"key": "plan-of-distribution", "type": "clause", "offset": [107, 127]}, {"key": "the-prospectus", "type": "definition", "offset": [140, 154]}, {"key": "section-61", "type": "clause", "offset": [163, 174]}, {"key": "the-company-will", "type": "clause", "offset": [176, 192]}, {"key": "pay-to", "type": "definition", "offset": [193, 199]}, {"key": "the-dealer-manager", "type": "definition", "offset": [200, 218]}, {"key": "class-c-units", "type": "definition", "offset": [239, 252]}, {"key": "a-distribution", "type": "clause", "offset": [258, 272]}, {"key": "equal-to", "type": "definition", "offset": [342, 350]}, {"key": "net-asset-value-per-unit", "type": "definition", "offset": [389, 413]}, {"key": "on-a-continuous-basis", "type": "definition", "offset": [480, 501]}, {"key": "the-distribution", "type": "clause", "offset": [521, 537]}, {"key": "in-arrears", "type": "definition", "offset": [569, 579]}, {"key": "manager-may", "type": "definition", "offset": [592, 603]}, {"key": "participating-dealers", "type": "definition", "offset": [663, 684]}, {"key": "participating-dealer-agreement", "type": "definition", "offset": [769, 799]}, {"key": "entered-into", "type": "clause", "offset": [800, 812]}, {"key": "distribution-fees", "type": "definition", "offset": [885, 902]}, {"key": "units-sold", "type": "definition", "offset": [927, 937]}, {"key": "national-securities-exchange", "type": "definition", "offset": [1038, 1066]}, {"key": "following-the", "type": "definition", "offset": [1073, 1086]}, {"key": "completion-of-the-offering", "type": "definition", "offset": [1087, 1113]}, {"key": "underwriting-compensation", "type": "clause", "offset": [1121, 1146]}, {"key": "gross-proceeds", "type": "clause", "offset": [1183, 1197]}, {"key": "primary-offering", "type": "clause", "offset": [1207, 1223]}, {"key": "units-outstanding", "type": "clause", "offset": [1266, 1283]}, {"key": "for-example", "type": "clause", "offset": [1285, 1296]}, {"key": "without-limitation", "type": "clause", "offset": [1298, 1316]}, {"key": "repurchase-by-the-company", "type": "clause", "offset": [1356, 1381]}, {"key": "dissolution-of-the-company", "type": "clause", "offset": [1392, 1418]}, {"key": "extraordinary-transaction", "type": "clause", "offset": [1446, 1471]}, {"key": "a-party", "type": "clause", "offset": [1496, 1503]}, {"key": "the-units", "type": "clause", "offset": [1517, 1526]}, {"key": "for-cash", "type": "definition", "offset": [1571, 1579]}, {"key": "other-securities", "type": "definition", "offset": [1583, 1599]}, {"key": "class-a-units", "type": "definition", "offset": [1680, 1693]}, {"key": "class-i-units", "type": "clause", "offset": [1697, 1710]}], "samples": [{"hash": "bD352XGSf0Q", "uri": "/contracts/bD352XGSf0Q#distribution-fee", "label": "Dealer Manager Agreement (TriLinc Global Impact Fund LLC)", "score": 24.8836421967, "published": true}, {"hash": "gOxn0FVButT", "uri": "/contracts/gOxn0FVButT#distribution-fee", "label": "Dealer Manager Agreement (TriLinc Global Impact Fund LLC)", "score": 24.151266098, "published": true}, {"hash": "dShnNTFkcYz", "uri": "/contracts/dShnNTFkcYz#distribution-fee", "label": "Dealer Manager Agreement (TriLinc Global Impact Fund LLC)", "score": 21.9842567444, "published": true}], "hash": "f2f89b3eee880d8d4c29ecead7b0d84d", "id": 10}, {"snippet": "0.75% VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.75% annually, based on the average daily net asset value of Class T shares sold by such dealers and remaining on the Funds\u2019 books during the period in which the fee is calculated. The Class T Distribution Fee is paid beginning in the 13th month following each purchase. See below for Terms and Conditions for Service and Distribution Fees. Finder\u2019s Fee: 0.10% - 0.50% VPD may pay dealers, from its own profits and resources, a percentage of the net asset value of Class X and Class Y shares sold, equal to 0.50% on the first $5 million, 0.25% on the next $5 million, plus 0.10% on the amount in excess of $10 million. If all or part of such purchases are subsequently redeemed within one year of the investment date, the dealer will refund to VPD the full Finder\u2019s Fee paid. Class Y Service Fee*: 0.25% For providing shareholder services, VPD intends to pay qualifying dealers a quarterly fee at the equivalent of 0.25% annually, based on the average daily net asset value of Class Y shares sold by such dealers and remaining on the Funds\u2019 books during the period in which the fee is calculated. Dealers must have an aggregate value of $50,000 or more in a Fund to qualify for payment in that Fund. No Service Fee is paid on any Class X shares. See below for Terms and Conditions for Service and Distribution Fees.", "size": 7, "snippet_links": [{"key": "to-pay", "type": "clause", "offset": [18, 24]}, {"key": "quarterly-fee", "type": "definition", "offset": [27, 40]}, {"key": "the-equivalent-of", "type": "definition", "offset": [66, 83]}, {"key": "based-on", "type": "clause", "offset": [100, 108]}, {"key": "net-asset-value", "type": "definition", "offset": [127, 142]}, {"key": "class-t-shares", "type": "clause", "offset": [146, 160]}, {"key": "the-funds", "type": "clause", "offset": [199, 208]}, {"key": "during-the-period", "type": "clause", "offset": [216, 233]}, {"key": "the-fee", "type": "definition", "offset": [243, 250]}, {"key": "the-class", "type": "definition", "offset": [266, 275]}, {"key": "each-purchase", "type": "clause", "offset": [341, 354]}, {"key": "terms-and-conditions-for-service-and-distribution-fees", "type": "clause", "offset": [370, 424]}, {"key": "a-percentage", "type": "definition", "offset": [511, 523]}, {"key": "the-net", "type": "clause", "offset": [527, 534]}, {"key": "class-y-shares", "type": "clause", "offset": [562, 576]}, {"key": "equal-to", "type": "definition", "offset": [583, 591]}, {"key": "within-one-year", "type": "definition", "offset": [763, 778]}, {"key": "investment-date", "type": "clause", "offset": [786, 801]}, {"key": "dealer-will", "type": "clause", "offset": [807, 818]}, {"key": "fee-paid", "type": "definition", "offset": [851, 859]}, {"key": "service-fee", "type": "clause", "offset": [869, 880]}, {"key": "shareholder-services", "type": "definition", "offset": [903, 923]}, {"key": "aggregate-value", "type": "clause", "offset": [1203, 1218]}, {"key": "to-qualify", "type": "clause", "offset": [1248, 1258]}, {"key": "for-payment", "type": "clause", "offset": [1259, 1270]}, {"key": "class-x-shares", "type": "definition", "offset": [1315, 1329]}], "samples": [{"hash": "9PzP7gT0IJ5", "uri": "/contracts/9PzP7gT0IJ5#distribution-fee", "label": "Sales Agreement (Virtus Equity Trust)", "score": 22.5633125305, "published": true}, {"hash": "a3QxC40r8Rb", "uri": "/contracts/a3QxC40r8Rb#distribution-fee", "label": "Sales Agreement (Virtus Institutional Trust)", "score": 22.319644928, "published": true}, {"hash": "dGy9ya3xdKb", "uri": "/contracts/dGy9ya3xdKb#distribution-fee", "label": "Sales Agreement (Virtus Institutional Trust)", "score": 21.3203277588, "published": true}], "hash": "534b4060e8ca0abf43869176d58a5a3a", "id": 7}, {"snippet": "0.75% VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.75% annually, based on the average daily net asset value of Class T shares sold by such dealers and remaining on the Funds\u2019 books during the period in which the fee is calculated. The Class T Distribution Fee is paid beginning in the 13th month following each purchase. See below for Terms and Conditions for Service and Distribution Fees.", "size": 26, "snippet_links": [{"key": "to-pay", "type": "clause", "offset": [18, 24]}, {"key": "quarterly-fee", "type": "definition", "offset": [27, 40]}, {"key": "the-equivalent-of", "type": "definition", "offset": [66, 83]}, {"key": "based-on", "type": "clause", "offset": [100, 108]}, {"key": "net-asset-value", "type": "definition", "offset": [127, 142]}, {"key": "class-t-shares", "type": "clause", "offset": [146, 160]}, {"key": "the-funds", "type": "clause", "offset": [199, 208]}, {"key": "during-the-period", "type": "clause", "offset": [216, 233]}, {"key": "the-fee", "type": "definition", "offset": [243, 250]}, {"key": "the-class", "type": "definition", "offset": [266, 275]}, {"key": "each-purchase", "type": "clause", "offset": [341, 354]}, {"key": "terms-and-conditions-for-service-and-distribution-fees", "type": "clause", "offset": [370, 424]}], "samples": [{"hash": "aO7spqX01aA", "uri": "/contracts/aO7spqX01aA#distribution-fee", "label": "Sales Agreement (Virtus Alternative Solutions Trust)", "score": 26.6837787628, "published": true}, {"hash": "47zMOepkSxB", "uri": "/contracts/47zMOepkSxB#distribution-fee", "label": "Sales Agreement (Virtus Alternative Solutions Trust)", "score": 26.4045181274, "published": true}, {"hash": "kxnrBFFlPHc", "uri": "/contracts/kxnrBFFlPHc#distribution-fee", "label": "Sales Agreement (Virtus Opportunities Trust)", "score": 26.0527038574, "published": true}], "hash": "bbc8af5cee13968835999c1f90080bf7", "id": 4}, {"snippet": "Upon the terms set forth in the Prospectus and subject to the limitations set forth below, during the Primary Offering, and with respect to Class T Shares purchased in the Primary Offering only, the Company will pay to the Dealer Manager a distribution and servicing fee that accrues daily equal to 1/365th of up to 1.0% of the most recent offering price per Class T Share on a continuous basis from year to year (the \u201cDistribution and Servicing Fee\u201d), for providing the services described in Exhibit A attached hereto; provided, however, that upon the termination of the Primary Offering, the Distribution and Servicing Fee shall be an amount that accrues daily equal to 1/365th of up to 1.0% of the most recent estimated NAV per Class T Share on a continuous basis from year to year. The Company will pay the Distribution and Servicing Fee to the Dealer Manager on a monthly basis in arrears. The Dealer Manager may reallow the Distribution and Servicing Fee to Participating Broker-Dealers as marketing fees or to defray other distribution-related expenses. Such reallowance, if any, shall be determined by the Dealer Manager in its sole discretion based on factors including, but not limited to, the level of services that each such Participating Broker-Dealer performs, including ministerial, record-keeping, sub-accounting, stockholder services and other administrative services in connection with the distribution of the Class T Shares. The Dealer Manager\u2019s reallowance of Distribution and Servicing Fees to a particular Participating Broker-Dealer shall be described in Schedule 1 to the Participating Broker-Dealer Agreement with such Participating Broker-Dealer. The Company\u2019s obligations to pay the Distribution and Servicing Fee to the Dealer Manager will survive until the earliest to occur of the following: (i) a listing of the Class T Shares on a national securities exchange, (ii) following the completion of the Offering, total underwriting compensation in the Offering equaling 10% of the gross proceeds from the Primary Offering, (iii) there are no longer any Class T Shares outstanding, or (iv) the fourth anniversary of the last day of the fiscal quarter in which the Primary Offering terminates. The Company will not pay to the Dealer Manager any Distribution and Servicing Fees in connection with the purchase of any Class A Shares, Class I Shares or the purchase of any Class T Shares pursuant to the DRP.", "size": 7, "snippet_links": [{"key": "the-terms", "type": "definition", "offset": [5, 14]}, {"key": "in-the-prospectus", "type": "clause", "offset": [25, 42]}, {"key": "subject-to-the", "type": "definition", "offset": [47, 61]}, {"key": "primary-offering", "type": "clause", "offset": [102, 118]}, {"key": "with-respect-to", "type": "clause", "offset": [124, 139]}, {"key": "shares-purchased", "type": "definition", "offset": [148, 164]}, {"key": "the-company-will", "type": "clause", "offset": [195, 211]}, {"key": "pay-to", "type": "definition", "offset": [212, 218]}, {"key": "the-dealer-manager", "type": "definition", "offset": [219, 237]}, {"key": "a-distribution", "type": "clause", "offset": [238, 252]}, {"key": "equal-to", "type": "definition", "offset": [290, 298]}, {"key": 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