Shareholder Servicing Fees. The Distributor will pay each authorized broker-dealer, no less often than annually, a shareholder processing and servicing fee (as determined by the Distributor from time to time in writing) computed as a percentage of the average daily net assets maintained with each Fund (Class) during the preceding period by shareholders who purchased their shares through such broker-dealer or with such broker-dealer's assistance. To qualify for such payments, (i) a broker-dealer must in all cases transmit its name with each customer's purchase order; and (ii) assets in a particular Fund (Class) must be at least $250,000. No minimum is applicable to ISI North American Government Fund Class C Shares.
Appears in 8 contracts
Samples: Servicing Agreement (North American Government Bond Fund Inc), Servicing Agreement (Isi Strategy Fund Inc), Servicing Agreement (Managed Municipal Fund Inc)
