Subsequent Commissions Sample Clauses

Subsequent Commissions. In addition to the Initial Commission, the Additional Selling Agent shall receive additional selling commissions (“Subsequent Commissions” and together with the Initial Commissions, “Commissions”) from SUSA, equal to one twelfth of the Annual Percentage set forth in Paragraph 2 below, payment of the Subsequent Commissions shall commence no later than the 20th calendar day of the month following the month in which the full Initial Commission is paid, but in no event earlier than the thirteenth full month after the sale of the Unit. Provided, however, that the total of the Commissions shall not exceed 10% of applicable initial public offering price for such Unit. The Additional Selling Agent acknowledges and agrees that the actual cumulative Commissions per Unit to be paid by SUSA will be slightly less than 10% of the initial public offering price for such Unit due to the monthly accounting procedures described in the Partnership’s Amended and Restated Limited Partnership Agreement, attached as Exhibit A to the Prospectus (the “Partnership Agreement”), which would otherwise cause the selling commission expense to be charged against a Unit to exceed 10% of such Unit’s initial public offering price in the next succeeding monthly allocation of profits and losses, and the necessity to maintain a uniform net asset value per Unit within a Sub-Series of a Series (as such terms are defined in the Partnership Agreement) and to comply with FINRA’s NASD Conduct Rule 2810. Any such Commissions will be paid by SUSA and not directly by the Partnership, although they may be deemed to constitute underwriting compensation, and the Additional Selling Agent agrees that it will look only to SUSA for the payment of any Commissions due the Additional Selling Agent hereunder and will not seek payment of any such Commissions from the Partnership.

Subsequent Commissions. In addition to the Initial Commission, if the Additional Selling Agent is not (i) registered with the CFTC as a futures commission merchant or introducing broker and (ii) a member in good standing of the NFA in such capacity, shall receive additional selling commissions ("Subsequent Commissions") from QAM, paid on the same basis as the Service Fees provided, however, that the total of the Subsequent Commissions plus the Initial Commission and offering costs properly deemed to constitute costs allocable to the Additional Selling Agent (such as a selling brochure, seminar costs and travel expenses) do not exceed 10% of applicable Units' initial sale price. Any such ongoing payments or additional selling commission will be paid by QAM and not by the Partnership, but may be deemed to constitute underwriting compensation.