Common use of Distribution Plan Clause in Contracts

Distribution Plan. (a) The Funds have adopted Distribution Plans pursuant to Rule 12b-1 of the 1940 Act (the “Plans”). Under the terms of the Plans, we receive compensation for distribution and shareholder services relating to the Funds, and we are permitted to pay all or a portion of such compensation to entities that engage in or support the distribution of Shares or servicing of shareholders. You are eligible to receive such distribution and shareholder compensation to the extent described in, and subject to the terms and conditions set forth in, the applicable Fund’s then current Prospectus. To the extent you provide or arrange to provide such services as contemplated in this Section 4, you represent and warrant that you will comply with the terms and conditions set forth in the appropriate Plan and the then current Prospectus of the appropriate Fund for receiving such payments. (b) In the event we do not receive payment from the Funds under the relevant Distribution Agreement or Plan, or if such Distribution Agreement or Plan is canceled, you agree to waive your right to receive compensation until such time, if ever, as we receive payment.

Appears in 2 contracts

Sources: Bank and Trust Company Agreement (Olstein Funds), Bank and Trust Company Agreement (Olstein Funds)

Distribution Plan. (a) The Funds have adopted Distribution Plans pursuant to Rule 12b-1 of the 1940 Act (the "Plans"). Under the terms of the Plans, we receive compensation for distribution and shareholder services relating to the Funds, and we are permitted to pay all or a portion of such compensation to entities that engage in or support the distribution of Shares or servicing of shareholders. You are eligible to receive such distribution and shareholder compensation to the extent described in, and subject to the terms and conditions set forth in, the applicable Fund’s 's then current Prospectus. To the extent you provide or arrange to provide such services as contemplated in this Section 4, you represent and warrant that you will comply with the terms and conditions set forth in the appropriate Plan in effect from time to time and the then current Prospectus of the appropriate Fund for receiving such payments. (b) In the event we do not receive payment from the Funds under the relevant Distribution Agreement or Plan, or if such Distribution Agreement or Plan is canceled, you agree to waive your right to receive compensation until such time, if ever, as we receive payment.

Appears in 1 contract

Sources: Bank and Trust Company Agreement (Olstein Funds)

Distribution Plan. (a) The Funds have adopted Distribution Plans pursuant to Rule 12b-1 of the 1940 Act (the “Plans”). Under the terms of the Plans, we receive compensation for distribution and shareholder services relating to the Funds, and we are permitted to pay all or a portion of such compensation to entities that engage in or support the distribution of Shares or servicing of shareholders. You are eligible to receive such distribution and shareholder compensation to the extent described in, and subject to the terms and conditions set forth in, the applicable Fund’s then current Prospectus. To the extent you provide or arrange to provide such services as contemplated in this Section 4, you represent and warrant that you will comply with the terms and conditions set forth in the appropriate Plan in effect from time to time and the then current Prospectus of the appropriate Fund for receiving such payments. (b) In the event we do not receive payment from the Funds under the relevant Distribution Agreement or Plan, or if such Distribution Agreement or Plan is canceled, you agree to waive your right to receive compensation until such time, if ever, as we receive payment.

Appears in 1 contract

Sources: Bank and Trust Company Agreement (Olstein Funds)