Common use of Service Charge to Be Paid to BD Clause in Contracts

Service Charge to Be Paid to BD. (a) On the initial Dividend Distribution Date for a particular series of AMPS the Company shall pay to BD the product of (i) a fraction, the numerator of which is the number of days in the initial Dividend Period with respect to such series and the denominator of which is 360 days, times (ii) the Initial Broker-Dealer Fee Rate times (iii) the aggregate liquidation preference of the AMPS of such series placed by BD on the Date of Original Issue thereof.

Appears in 6 contracts

Samples: Broker Dealer Agreement (Boulder Total Return Fund Inc), Dealer Agreement (Boulder Total Return Fund Inc), Dealer Agreement (Boulder Total Return Fund Inc)

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