Deferred Sales Load definition

Deferred Sales Load means processing charges deductible from the Net Asset Value of the Unit to determine the Redemption Price in case of redemption of Units within a certain period of time or on a decreasing rate for every period the Units are held and shall be charged to Unit Holders in instances where no Front-end Load is charged. Such charges shall not exceed five percent (5%) of the Net Asset Value and shall be determined by the Management Company from time to time and disclosed in the Offering Document. Any such charges shall be payable to the Management Company and/or its Distributors, as the case may be.”
View Source
Deferred Sales Load means processing charges deductible from the Net Asset Value of the Unit to determine the Redemption Price in case of redemption of Units within a certain period of time or at a decreasing rate for every period the Units are held and shall be charged to Unit Holders in instances where no Front-end Load is charged. Such charges shall not exceed five percent (5%) of the Net Asset Value and shall be determined by the Management Company from time to time and disclosed in the Offering Document. Any such charges shall be payable to the Management Company and/or its Distributors, as the case may be.“Contingent Load” means Sales Load payable not exceeding 5% of the Net Asset Value, if Units are redeemed by any major Unit Holder in such period of time that the Management Company believes may adversely affect the interest of other Unit Holder(s). Any Contingent Load received will form part of the Trust Property.
View Source
Deferred Sales Load means the charge or commission (excluding Duties and Charges) not exceeding five per cent (5%) of the Net Asset Value, deducted from the Net Asset Value to determine the Redemption Price. Deferred Sales Load shall be determined by the Management Company from time to time and disclosed in the Offering Document. Deferred Sales Load shall be payable to the Management Company. II. The existing Sub-clauses 19.1.21 to 19.1.26 be and are hereby renumbered as
View Source

Examples of Deferred Sales Load in a sentence

  • In addition, the Contingent Deferred Sales Load for any Series of Piper Funds may, at the discretion of Piper Funds and the Distributor, be reduced or eliminated in accordance with the terms of an exemptive order received from the Securities and Exchange Commission by Piper Funds, and any amendments thereto, provided that such reduction or elimination shall be set forth in the currently effective prospectus for such Series.

  • The Units issued with differing options may have differing quantum of Frontend Load added to the Net Asset Value for determining the Offering Price thereof and differing levels of Deferred Sales Load deducted for determining the Repurchase Price.

  • The remuneration of Distribution Companies and Investment Facilitators shall be paid exclusively from any Front-end / Deferred Sales Load and no charges shall be made against the Fund Property or the Distribution Account in this respect.

  • The remainder of any Front-end/ Deferred Sales Load after such disbursement shall be paid to the Management Company as distribution support and processing charges for their distribution services for the Trust.


More Definitions of Deferred Sales Load

Deferred Sales Load means processing charges deductible from the Net Asset Value of the Unit to determine the Redemption Price in case of redemption of Units within a certain period of time or at a decreasing rate for every period the Units are held and shall be charged to Unit Holders in instances where no Front-end Load is charged. Such charges shall not exceed five percent (5%) of the Net Asset Value and shall be determined by the Management Company from time to time and disclosed in the Offering Document. Any such charges shall be payable to the Management Company and/or its Distributors, as the case may be.means Sales Load payable not exceeding 5% of the Net Asset Value, if Units are redeemed by any major Unit Holder in such period of time that the Management Company believes may adversely affect the interest of other Unit Holder(s). Any Contingent Load received will form part of the Trust Property. 1
View Source
Deferred Sales Load means any amount propely chargeable to sales or promotional expenses that is or may be deducted directly from a shareholder’s account in one or more installments during the term of the investment, or upon redemption, or both. This term shall include, but is not limited to, a contingent deferred sales load within the meaning of paragraph (c)(4); and
View Source
Deferred Sales Load means any amount properly chargeable to sales or promotional activities that is or may be deducted upon redemption of all or a portion of a securityholder’s interest in an open-end investment company;
View Source