Common use of Service Payments Clause in Contracts

Service Payments. (a) The Company may also pay the Distributor a fee (a “Service Fee”), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Class C Shares shall be computed in the manner specified in the Company’s then current Prospectuses and statements of Additional Information describing such Class C Shares.

Appears in 3 contracts

Samples: Distribution and Services Plan (Mercantile Funds Inc), Distribution and Services Plan (PNC Funds Inc), Distribution and Services Plan (PNC Funds Inc)

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Service Payments. (a) The Company may also pay the Distributor a fee (a “Service Fee”), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C A Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Class C A Shares shall be computed in the manner specified in the Company’s then current Prospectuses and statements of Additional Information describing such Class C A Shares.

Appears in 3 contracts

Samples: Distribution and Services Plan (PNC Funds Inc), Distribution and Services Plan (PNC Funds Inc), Distribution and Services Plan (Mercantile Funds Inc)

Service Payments. (a) The Company may also pay the Distributor a fee (a “Service Fee”), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C B Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Class C B Shares shall be computed in the manner specified in the Company’s then current Prospectuses and statements of Additional Information describing such Class C B Shares.

Appears in 3 contracts

Samples: Distribution and Services Plan (PNC Funds Inc), Distribution and Services Plan (Mercantile Funds Inc), Distribution and Services Plan (PNC Funds Inc)

Service Payments. (a) The Company may also pay the Distributor a fee (a “Service Fee”), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Service Class C Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Service Class C Shares shall be computed in the manner specified in the Company’s then current Prospectuses and statements of Additional Information describing such Service Class C Shares.

Appears in 3 contracts

Samples: Distribution and Services Plan (Mercantile Funds Inc), Distribution and Services Plan (PNC Funds Inc), Distribution and Services Plan (PNC Funds Inc)

Service Payments. (a) The Company may also pay the Distributor a fee (a "Service Fee"), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C A Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s 's Class C A Shares shall be computed in the manner specified in the Company’s 's then current Prospectuses and statements of Additional Information describing such Class C A Shares.

Appears in 1 contract

Samples: Distribution Agreement (Mercantile Funds Inc)

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Service Payments. (a) The Company may also pay the Distributor a fee (a "Service Fee"), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C B Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s 's Class C B Shares shall be computed in the manner specified in the Company’s 's then current Prospectuses and statements of Additional Information describing such Class C B Shares.

Appears in 1 contract

Samples: Distribution Agreement (Mercantile Funds Inc)

Service Payments. (a) The Company may also pay the Distributor a fee (a "Service Fee"), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s 's Class C Shares shall be computed in the manner specified in the Company’s 's then current Prospectuses and statements of Additional Information describing such Class C Shares.

Appears in 1 contract

Samples: Distribution Agreement (Mercantile Funds Inc)

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