Common use of Payments to Recipients Clause in Contracts

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Strategic Income Fund)

AutoNDA by SimpleDocs

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter period in which its Qualified Holdings do not equal or exceed, at the end of such quarterperiod, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson xx xxxx xffiliated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Integrity Funds)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter period in which its Qualified Holdings do not equal or exceed, at the end of such quarterperiod, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson ix xxxx affiliated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall may make the following payments to Recipients:

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Integrity Funds)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter period in which its Qualified Holdings do not equal or exceed, at the end of such quarterperiod, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor Dixxxxxxxxr if such affixxxxxx xerson affiliated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Rochester General Municipal Fund)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any such quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson xxxx xxfiliated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Capital Income Fund)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any such quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson xxxxxxxxed person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Developing Markets Fund)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter period in which its Qualified Holdings do not equal or exceed, at the end of such quarterperiod, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD FINRA Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson affiliatxx xxxxxn qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Investment Grade Bond Fund)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter period in which its Qualified Holdings do not equal or exceed, at the end of such quarterperiod, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson xx xxxh affiliated person qualifies as a Recipient or retain retains such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Rochester Portfolio Series)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson sxxx xxxxliated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall may make the following payments to Recipients:

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Baring China Fund)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson sxxx xxxxliated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Baring China Fund)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter period in which its Qualified Holdings do not equal or exceed, at the end of such quarterperiod, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson xxxx xxfiliated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Quest Value Fund Inc)

AutoNDA by SimpleDocs

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any such quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson affiliatxx xxxxxn qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Global Growth & Income Fund)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any such quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson affilxxxxx xxrson qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer International Bond Fund)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter period in which its Qualified Holdings do not equal or exceed, at the end of such quarterperiod, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent TrusteesDirectors. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson Distributxx xx xxch affiliated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Series Fund Inc)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter period in which its Qualified Holdings do not equal or exceed, at the end of such quarterperiod, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson xxxxxxxted person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall may make the following payments to Recipients:

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer U S Government Trust)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter in which its Qualified Holdings do not equal or exceed, at the end of such quarter, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson axxxxxxxxd person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Rochester Ohio Municipal Fund)

Payments to Recipients. The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any quarter period in which its Qualified Holdings do not equal or exceed, at the end of such quarterperiod, the minimum amount ("Minimum Qualified Holdings"), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the NASD Conduct Rules. The Distributor may make Plan payments to any "affiliated person" (as defined in the 1940 Act) of the Distributor if such affixxxxxx xerson suxx xxxxxiated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient. In consideration of the services provided by Recipients, the Distributor shall make the following payments to Recipients:.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Multi-State Municipal Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.