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

  • For details, please refer to Sections 10 and 11 of the Contract, Sections I-5 and I-7.6 of the Information Folder and A-16, A-17 and page I-20 of the supplement.Sales chargesSales charge optionWhat you payHow it worksInitial Sales Charge (ISC)Up to 5% of the amount invested• You and your insurance advisor agree on the rate charged.• The Initial Sales Charge is deducted from the amount you buy.

  • Purchases of Investor A Shares at certain fixed dollar levels, known as “breakpoints,” cause a reduction in the front-end sales charge (as describedabove in the “Investor A Shares — Initial Sales Charge Option” section).

  • Details About the Share Classes Investor A Shares — Initial Sales Charge OptionThe following table shows the front-end sales charges that you may pay if you buy Investor A Shares.

  • Purchases of Investor A Shares at certain fixed dollar levels, known as “breakpoints,” cause a reduction in the front-end sales charge (as described above in the “Investor A Shares — Initial Sales Charge Option” section).

  • Details About the Share ClassesInvestor A Shares — Initial Sales Charge OptionThe following table shows the front-end sales charges that you may pay if you buy Investor A Shares.

  • Such a change can be made only by Redeeming the DSC-Free Units and using the proceeds to acquire the same Units as Initial Sales Charge Units.

  • FEES AND EXPENSES Sales Charges Initial Sales Charge The Shares of all Classes may be offered at the applicable Net Asset Value per Share plus an initial sales charge, the amount of which is specified in the relevant Appendix for each Sub-Fund.

  • With this new timeline the Division received 10 nominations statewide which was a huge increase over year’s past.

  • Any Initial Sales Charge paid by the investor will be refunded to him.

  • Such discounts would be deducted from the amount of the Initial Sales Charge payable by the investors.


More Definitions of Initial Sales Charge

Initial Sales Charge. (or “ISC”) has the meaning specified in Section 11.1 of the Contract;
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Initial Sales Charge means the initial sales charge assessed on purchases of Class A shares, pursuant to the terms of the Prospectus. (g) 'Prospectus' shall mean the Class A and Class C prospectus of the Fund. (h) 'Recapitalization' shall mean the proposed recapitalization of the Fund set forth in this Plan of Recapitalization. (i) 'Sales Charge' shall mean the Initial Sales Charge or CDSC assessed on purchases of Class A Shares and Class C Shares, pursuant to the terms of the Prospectus. (j) 'Trust' shall mean The CNL Funds, a Delaware statutory trust.
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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 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 (in the case of all the Classes except for the SGD Class B) 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. Fee(a) Retained by ManagersCurrent: 1.00% of the Class’ NAV; Maximum: 2.00% of the Class’ NAV(a) 40% to 100% of Annual Management Fee(b) Paid byManagers to financial adviser (trailer fee)(b) 0% to 60%2 of Annual Management Fee SGD Class BCurrent: 0.30% of the Class’ NAV; Maximum: 0.80% of the Class’ NAV (a) 100% of Annual Management Fee (b) 0%2 of Annual Management FeeAnnual Trustee FeeCurrent: 0.03% of the Fund’s NAV; Maximum 0.10% of the Fund’s NAV. Subject always to a minimum fee of S$5,000 per annum or such lower amount as the Managers and the Trustee may agree from time to time.Other Fees Charges*andSubject to agreement with the relevant parties, other fees and charges, including, inter alia the custodian fee, the fund administration fee and the audit fee may each amount to or exceed 0.10% per annum, depending on the proportion that each fee or charge bears to the Fund’s NAV. * Based on the audited accounts of the Fund for the year ended 31 December 2019, the transaction fees amounted to approximately 0.10% of the average NAV of the Fund for the year ended 31 December 2019.
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Related to Initial Sales Charge

  • 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.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Initial Sale Time means 4:00 p.m. (Eastern time) on the date of this Underwriting Agreement.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Gross Sales Proceeds with respect to each sale of Shares shall be the Gross Sales Price multiplied by the number of Shares sold;

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Gross Revenue means:

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Sales Costs means all costs, direct and indirect, associated with a foreclosure sale by the City, including but not limited to: county recording fees, title reports or other means of identifying persons with interest in the property, title insurance, service and notification, publication and advertising, posting, sale, and staff salaries, including benefits and overhead.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Commercial Sale means for a given product and country the sale for value of that product by a Party (or, as the case may be, by an Affiliate or permitted sublicensee of a Party), to a Third Party after regulatory approval (if necessary) has been obtained for such product in such country.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Delivery Year means the Planning Period for which a Capacity Resource is committed pursuant to the auction procedures specified in Tariff, Attachment DD, or pursuant to an FRR Capacity Plan under Reliability Assurance Agreement, Schedule 8.1. Demand Bid:

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following: