Distribution Fee definition
Examples of Distribution Fee in a sentence
Except as otherwise described under “Upfront Selling Commissions and Dealer Manager Fees” above, the Selected Dealer waives any and all rights to receive compensation, including the Dealer Manager Fees and Distribution Fee, until it is paid to and received by the Dealer Manager.
For the avoidance of doubt, the Dealer Manager will waive the Distribution Fee to the extent the Selected Dealer, Selected Institution or Servicing Dealer is not eligible to receive the Distribution Fee with respect to the applicable Class T, Class S or Class D Shares.
All determinations regarding the total amount and rate of reallowance of the Distribution Fee, the Selected Dealer’s compliance with the listed conditions and/or the portion retained by the Dealer Manager will be made by the Dealer Manager in its sole discretion.
The payment of the Distribution Fee to the Selected Dealer is subject to the terms and conditions set forth herein and the Prospectus, which may be amended, restated or supplemented from time to time.
The Dealer Manager may also reallow some or all of the Distribution Fee to other broker-dealers who provide services with respect to the Shares (who shall be considered additional Servicing Dealers) pursuant to a Servicing Agreement with the Dealer Manager to the extent such Servicing Agreement provides for such reallowance and such additional Servicing Dealer is in compliance with the terms of such agreement related to such reallowance, in accordance with the terms of such Servicing Agreement.