Distribution Fees definition
Examples of Distribution Fees in a sentence
The Selected Dealer acknowledges and agrees that, if the Company pays Selling Commissions, Dealer Manager Fees or Distribution Fees, as applicable, to the Dealer Manager, the Company is relieved of any obligation for Selling Commissions, Dealer Manager Fees or Distribution Fees, as applicable, to Selected Dealer.
In no event shall the total aggregate underwriting compensation payable to the Dealer Manager and any Offering Participants participating in an Offering, including, but not limited to, Selling Commissions, Dealer Manager Fees and Distribution Fees, exceed ten percent (10%) of gross offering proceeds from the Primary Offering of such Offering.
Selling Commissions, Dealer Manager Fees and Distribution Fees due to the Selected Dealer pursuant to the Agreement will be paid to the Selected Dealer within 30 days after receipt by the Dealer Manager.
The Company may rely on and use the preceding acknowledgement as a defense against any claim by the Selected Dealer for Selling Commissions, Dealer Manager Fees or Distribution Fees, as applicable, the Company pays to the Dealer Manager but that the Dealer Manager fails to remit to the Selected Dealer.
Notwithstanding the foregoing, no Dealer Manager Fees, Selling Commissions, Distribution Fees, payments or amounts whatsoever will be paid to the Dealer Manager under this Section 4 unless and until the applicable Minimum Offering is satisfied.