Actual Distribution Costs

Example Definitions of "Actual Distribution Costs"
Actual Distribution Costs. With respect to any period, internal and external commissions, distribution personnel guarantees, costs paid to third parties, including placement fees, required due diligence fees or required conference sponsorships as the same are expensed under generally accepted accounting standards (GAAP) for such period. With effect from the Effective Date, Actual Distribution Costs shall be amortized as an expense on a straight-line basis over four years for the purpose of determining Adviser ANI, and... such amount for such period will be known as "Amortized Distribution Costs." View More
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