Shareholder Servicing Fee. The Fund has adopted a Shareholder Servicing Plan by which Authorized Service Providers may receive a fee for providing certain services to their customers who own Shares of the Fund. If applicable, you agree to enter into a separate Shareholder Services Agreement with the Fund.
Shareholder Servicing Fee. (a) The Shareholder Servicing Fee (as defined below) provided pursuant to this Agreement is for the Shareholder Services described in this Agreement and is not for or conditioned upon the performance of marketing or other distribution-related activities on behalf of the Funds. Subject to the qualifications below, as compensation for the Shareholder Services rendered herein, Distributor will pay Company or Company Distributor a monthly shareholder servicing fee at the rate set forth in each applicable Fund’s Prospectus and related shareholder servicing plan (whether or not adopted pursuant to Rule 12b-1) (the “Shareholder Servicing Fee”). Company Parties acknowledge that any Shareholder Servicing Fee compensation paid to it will only derive from applicable amounts paid to the Distributor from the applicable Fund. Company Parties also acknowledge and agree that the Distributor shall not be responsible for the payment of any such fee unless and until the Distributor has received such fee from the applicable Fund, and the Company Parties agree to waive payment of such fee unless and until the Distributor has received payment from the applicable Fund.
Shareholder Servicing Fee. Subject to the qualifications below, as compensation for the Shareholder Services rendered herein, Distributor will pay Company a quarterly shareholder servicing fee at the rate set forth in each applicable Fund’s Prospectus and related shareholder servicing plan (whether or not adopted pursuant to Rule 12b-1) (the “Shareholder Servicing Fee”). The parties acknowledge that any Shareholder Servicing Fee compensation paid to it will only derive from applicable amounts paid to the Distributor from the applicable Fund. The parties also acknowledge and agree that the Distributor shall not be responsible for the payment of any such fee unless and until the Distributor has received such fee from the applicable Fund, and the Company agrees to waive payment of such fee unless and until the Distributor has received payment from the applicable Fund. Subject to the qualifications above, the current shareholder servicing plans with respect to Class S of the Designated Portfolios will pay Company a quarterly Shareholder Servicing Fee at the rate of the product of twenty five basis points (0.25%) and the average daily amount invested by the Accounts in each Designated Portfolio.
Shareholder Servicing Fee. The Fund has applied for an Exemptive Order from the SEC permitting it to offer multiple Classes of Shares and to adopt a Shareholder Servicing Plan for certain Classes of Shares. If the Fund is granted such relief, it or the Investment Adviser will pay the Distributor an ongoing monthly fee at an annualized rate of 0.25% of the aggregate net assets of the Fund attributable to Class W shares, 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. For the avoidance of doubt, the Class I and the Founders Share Class will not pay any fees to the Distributor.
Shareholder Servicing Fee. Subject to the qualifications below, as compensation for the Shareholder Services rendered herein, Distributor will pay Company a quarterly shareholder service fee at the rate set forth in each applicable Portfolio’s Prospectus and related shareholder servicing plan (whether or not adopted pursuant to Rule 12b-1) (the “Shareholder Service Fee”). All such payments are to be directed to the Company as set forth in paragraph (e) below. The parties acknowledge that any Shareholder Service Fee compensation paid to it will only derive from applicable amounts paid to the Distributor from the applicable Portfolio. The parties also acknowledge and agree that the Distributor shall not be responsible for the payment of any such fee unless and until the Distributor has received such fee from the applicable Portfolio, and the Company agrees to waive payment of such fee unless and until the Distributor has received payment from the applicable Portfolio.
Shareholder Servicing Fee. Each Fund will pay the Distributor an ongoing quarterly fee (the “Shareholder Servicing Fee”) at an annualized rate of 0.25% of the average net assets of the Fund 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 Shareholder Servicing Fee from the applicable Fund. The Shareholder Servicing Fee shall be made to the applicable Financial Intermediary for providing ongoing services to clients to whom they have distributed Shares of the Fund. Such services may include electronic processing of client orders, electronic fund transfers between clients and the Fund, account reconciliations with the Fund’s Transfer Agent, facilitation of electronic delivery to clients of Fund documentation, monitoring client accounts for back-up withholding and any other special tax reporting obligations, maintenance of books and records with respect to the foregoing, and such other information and liaison services as the Fund or the Investment Adviser may reasonably request.
Shareholder Servicing Fee. The Company will pay to the Dealer Manager a shareholder servicing fee (“Shareholder Servicing Fee”), which will accrue at an annual rate equal to 1.0% of the Company’s net assets . The Shareholder Servicing Fee will be payable on a monthly basis pursuant to the Shareholder Services Plan. With respect to each share sold, the Shareholder Servicing Fee will be paid until the third anniversary of the applicable month of purchase; provided, however, for three years from the date hereof, the Shareholder Servicing Fee shall exclude the proportion of the Company’s net assets attributable to 2,633,228 Shares. The Dealer Manager may reallow a portion of the Shareholder Servicing Fee to Participating Dealers pursuant to the terms of the Participating Dealer Agreements.
Shareholder Servicing Fee. The Shareholder Servicing Fee (as defined below) provided to Recordkeeper pursuant to this Agreement is for Shareholder Services described in Exhibit A and is not for or conditioned upon the performance of marketing or other distribution-related activities on behalf of the Voya funds. Subject to the qualifications below, as compensation for the Shareholder Services rendered herein, Distributor will pay Recordkeeper a quarterly shareholder servicing fee at the rate set forth in each applicable Fund’s Prospectus and related shareholder servicing plan (whether or not adopted pursuant to Rule 12b-1) (the “Shareholder Servicing Fee”). Recordkeeper acknowledges that any Shareholder Servicing Fee compensation paid to it will only derive from applicable amounts paid to the Distributor from the applicable Fund. Recordkeeper also acknowledges and agrees that the Distributor shall not be responsible for the payment of any such fee unless and until the Distributor has received such fee from the applicable Fund, and the Recordkeeper agrees to waive payment of such fee unless and until the Distributor has received payment from the applicable Fund. Distributor will pay Shareholder Servicing Fees within 30 days of the end of each calendar quarter.
Shareholder Servicing Fee. The Distributor shall pay the Placement Agent an annual fee (the “Shareholder Servicing Fee”) payable monthly in arrears in an amount equal to, on an annualized basis, 0.25% of the month end net asset value of the Shares of the Trust beneficially owned by Shareholders that are Placement Agent Customers as of the end of each applicable month. The Shareholder Servicing Fee shall be paid by the Distributor to the Placement Agent, generally within thirty (30) days after the conclusion of each calendar month in which Shareholder Servicing Fees have been incurred, beginning with the first month the Placement Agent obtains a Placement Agent Customer. The Shareholder Servicing Fee payable hereunder shall be subject to the sales charge limits of FINRA, and the total of all such fees shall not exceed 8% of the total price to the public of the Shares sold. For the avoidance of doubt, the Distributor’s obligation to pay the Shareholder Servicing Fee to the Placement Agent in accordance with this section 11(b) is not conditioned upon the Distributor’s continued receipt of related compensation from the Trust for providing or arranging for the provision of Investor Services.
Shareholder Servicing Fee. Administrative services to Contract owners and participants shall be the responsibility of ING Life and shall not be the responsibility of the Fund or the Distributor. The Distributor recognizes ING Life as the sole shareholder of Fund shares issued under the Fund Participation Agreement, and that savings will be derived in administrative expenses, such as significant reductions in postage expense and shareholder communications, by virtue of having a sole shareholder for each of the Accounts rather than multiple shareholders. In consideration of the administrative savings resulting from such arrangement, Xxxxxx Xxxxxxxxx XxXxxxx, LLC agrees to pay to ING Life a shareholder servicing fee as set forth in Schedule B.
