Shareholders’ Fees Sample Clauses
The Shareholders’ Fees clause defines the obligations of shareholders to pay certain fees associated with their ownership or participation in the company. Typically, this clause outlines the types of fees that may be charged, such as administrative costs, management fees, or contributions to company expenses, and specifies how and when these payments are to be made. By clearly establishing the financial responsibilities of shareholders, this clause helps prevent disputes over payment expectations and ensures the company can recover necessary costs from its shareholders.
Shareholders’ Fees. The Transfer Agent shall be entitled to charge the Fund’s shareholders directly, and may redeem shares of the Fund held in a shareholder’s Account to satisfy such charges, in accordance with the following provisions: