Common use of Sales Commissions Clause in Contracts

Sales Commissions. The Distributor shall be entitled to charge a commission on each sale of Shares in the amount set forth in the prospectus of the Fund, such commission to be an amount equal to the difference between the net asset value and the offering price of the shares, as such offering price may from time to time be determined by the board of directors of the Fund. All shares of the Fund shall be sold to the public only at their public offering price at the time of such sale, and the Fund shall receive not less than the full net asset value thereof.

Sales Commissions. The Distributor shall be entitled to charge a commission on each sale of Shares in the amount set forth in the prospectus of the FundTrust, such commission to be an amount equal to the difference between the net asset value and the offering price of the shares, as such offering price may from time to time be determined by the board Board of directors Trustees of the FundTrust. All shares of the Fund Trust shall be sold to the public only at their public offering price at the time of such sale, and the Fund Trust shall receive not less than the full net asset value thereof.