Initial Sales Charge definition

Initial Sales Charge means a charge upon the issue of Units of such amount as the Managers may from time to time determine generally or in relation to any specific transaction or class of transactions provided that such charge shall not exceed five per cent. of the gross investment sum. Such expression in the context of a given date shall refer to the charge or charges determined by the Managers pursuant to the Deed and applicable on that date.
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Initial Sales Charge means a charge upon the issue of a Unit of any Sub-Fund or Class of such amount as shall from time to time be fixed by and payable to the Managers generally or in relation to any specific or class of transaction PROVIDED THAT it shall not exceed 5% of the Gross Investment Sum.
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Initial Sales Charge. A fee based on a percentage of a Contribution that was deducted from certain Contributions prior to their investment in the Account. Initial Sales Charges do not currently apply, but may have applied to prior Contributions.
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Examples of Initial Sales Charge in a sentence

  • Not Subject to Initial Sales Charge but May Be Subject to the Class A Contingent Deferred Sales Charge (unless a waiver applies).

  • Reduced Class A Initial Sales Charge Rates for Certain Former Quest for Value Funds Shareholders.

  • INTRODUCTION INVESTMENT OPTIONS CHOOSING A UNIT CLASS Purchase Amount Initial Sales Charge Selling Institution Commission $0 - $999,999 4.75% 4.25% $1,000,000 + none 1.00% Purchase Amount Up-Front Sales Charge Selling Institution Commission $0 - $249,999 3.

  • Contingent Deferred Sales Charge: Class A Units – None, provided that a contingent deferred sales charge of 1.00% is assessed on certain withdrawals of investments in Class A Units made within 18 months after purchase where no Initial Sales Charge was paid at time of purchase as part of an investment of $1,000,000 or more.

  • Purchases of Class A Shares of ▇▇▇▇▇▇▇▇▇▇▇ Funds That Are Not Subject to Initial Sales Charge but May Be Subject to the Class A Contingent Deferred Sales Charge (unless a waiver applies).

  • Class A Shares -------------------------------------------------------------------------------- Class A Shares for Initial Sales Charge Alternative The public offering price of Class A shares for purchasers choosing the initial sales charge alternative is the net asset value per share plus a sales charge depending upon the amount purchases as described in the following table.

  • Any applicable short term redemption/exchange fees or CDSC charge attributable to Class C shares or Initial Sales Charge attributable to Class A shares will be waived for shares exchanged or acquired in connection with the conversion of shares described in this Plan.

  • Unit Class A Initial Sales Charge Schedule Aggregate Amount Invested Initial Sales Charge as a % of Amount Invested <$50,000 3.50% $ 50,000 - $ 99,999 2.50% $100,000 - $249,999 1.50% $250,000 - $499,999 1.25% $500,000 and above 0.00% Source: ▇▇▇▇ ▇▇▇▇▇ Investor Services, LLC SCHOLARS C HOICE COLLEGE S AVINGS PROGRAM For purposes of the above schedule, the aggregate amount invested will be determined by adding the new investment amount to the value of the Account at the time the new investment is made.

  • Contribution Amount Maximum Initial Sales Charge* Dealer Commission* Retained by PFD* * All percentages are a percentage of the amount invested.

  • Charges in Certain Cases ----------------------------------------------------------------------------------------------------------------------------- Purchases of Class A Shares of ▇▇▇▇▇▇▇▇▇▇▇ Funds That Are Not Subject to Initial Sales Charge but May Be Subject to the Class A Contingent Deferred Sales Charge (unless a waiver applies).


More Definitions of Initial Sales Charge

Initial Sales Charge means the initial sales charge assessed on purchases of Class A shares, pursuant to the terms of the Prospectus.
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Initial Sales Charge. (or “ISC”) has the meaning specified in Section 11.1 of the Contract;
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Related to Initial Sales Charge

  • Sales Charge and "Dealer Commission" apply only to the Load Funds and the CDSC Funds. All commissions and concessions are subject to change without notice by us and will comply with any changes in regulatory requirements. You agree that you will not combine customer orders to reach breakpoints in commissions for any purpose whatsoever unless authorized by the Prospectus or by us in writing.

  • Initial Sale is defined in the recitals of this Agreement.

  • Deferred Sales Charge means the "deferred sales fee" as described in the Prospectus.

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.